I am. Including the 4% employer match, around $400 per month is contributed to my 401K. My 401K is worth less right now than it was on Jan 1. Thats less even after contributing $4000+ dollars over the year. (I know, i still own the shares, but still depressing.)
Same here. Even after my contributions and the employer match, I *still *am significantly in the hole for 2011 for my 401K.
Don’t even ask me about where my home’s equity has gone in 2011 
nt
My UK pension fund has shrunk to almost nothing. And my Irish pension fund is now worth less than the admin charged to cash it in.