I did too and then I left the company and cashed out the 401(k). I chat with my former co-workers occasionally. One of them told me that he ended up $900 less than what he started at the beginning of 2011. So all of his contributions plus the companies contributions were for naught.
He would have been better off to have paid down debt directly.
He needs a self-directed investment plan
Really
No excuse for that kind of loss last year
Only someone passive would let a fund manager fritter away their savings in such poor investments - learned that after losing 1/3 of our investment fund values in 2008, Never again.