Employers are Trying to Solve Their Workers’ Retirement Income Problem -MarketWatch

We already know the bad news: The disappearance of traditional pension plans has contributed to a retirement crisis in the U.S., in part because of increased risk that an investor will outlive her savings. Anyone lucky enough to have a retirement plan at work these days — more than one-third of private-sector workers lack access will likely have a defined-contribution plan, such as a 401(k). Those plans can present big hurdles come retirement time, when investors must determine how much they can safely withdraw so their nest egg lasts long enough. Now, some better news: Private-sector companies are waking up to the problem.