Any opinions, or has anyone tried, Financial Engines service to manage your 401K?

I looked around last year for a service to manage my "portfolio*" and every one wanted me to come out from my 50% cash position and go 100% into their fund families. That did not seem like such a hot idea and so far I am down about 7% for the year on the balanced funds. The best investment of the year has been a 4% cash loan to myself.

It is amazing how poorly the 401K has performed. On the other hand my taxable play money invested locally has done quite well.

Anybody doing anything that works without constant babysitting?

Retirement for us is going to be a lot different than it has been for our parents (and Leo and Michelle )

* Akin to my daughter's hamsters talking about their "Mansion"