The 401(k) turns 30 – Should you trust it with your retirement?

American workers have had a love-hate relationship with the 401(k).

They were enamored with it during the 1990s, when the stock market only went up and created 401(k) millionaires. But bear markets since then have left many envying their peers with traditional pensions.

Now the 401(k) has turned 30, and the first generation that has largely relied on this savings plan is nearing retirement. And reviews are still mixed.