Those who weren't heeding the warnings about a coming retirement crisis before the Great Recession hit probably are now.

With a chunk of the 77 million Baby Boomers delaying retirement because of declines in their retirement accounts or simply not saving enough, the threat of what a crisis like this could do to our economy, and the direct impact it would have on companies, is more evident than ever.

That said, it doesn't start and end with the Boomers. At the start of 2010, the average participant's 401(k) balance was just under $110,000. This is shockingly low when you consider that most people won't be receiving a pension benefit, and that Social Security and Medicare are on financially shaky ground. Our latest research found only 15 percent of employees in the work force today are confident they are on track to retire. This was a drop from last year (down from 17 percent) even though employees showed strong improvements in other areas of financial management.