The stock market swoon hit retirement savers hard. Total U.S. 401(k) accounts fell to $2.5 trillion in 2008 from $3 trillion at the end of $2007, according to the Employee Benefits Research Institute. While less than the market’s 38% dip, the shock has many questioning the structure of America’s retirement savings system.

The Obama administration pledges to “strengthen retirement savings” in our country by:

1.) Protecting social security: The administration wants to phase in a plan asking those making more than $250,000 a year to pay two to four percent more in social security tax.

2.) Creating automatic workplace pensions: Employers who do not currently offer a retirement plan to employees will be required to automatically enroll employees into a direct-deposit IRA account. Employees may opt-out if they choose.

3.) Expanding retirement savings incentives for working families: Obama want to create a savings match for low and middle-income Americans. These workers don’t often benefit from employer-sponsored 401k match programs. The administration pledged to match 50 percent of the first $1,000 of savings for families that earn less than $75,000.

4.) Changing bankruptcy laws so they better protect workers and retirees. Corporate bankruptcy has become more frequent as the economy turns. Current law protect lenders before company workers. The new administration says it wants to change the rules so that promises made to workers are higher on the list of debts that companies cannot shed during a bankruptcy and retiree benefits can be reduced in fewer circumstances.

5.) Requiring companies to disclose pension investments: Obama wants to make sure that employees who have company pensions receive detailed information about their fund's investments every year.

Is this enough to improve retirement savings in our country? What about investment education? It’s obvious that we need to even the playing field and make it easier for everyone to put more money away for retirement…but we also have to teach people how to put that money away in a safe, smart way.

Will the Obama plan do enough?