There are major differences in the performance of 401(k) plans across various industries nationwide, according to an analysis by Judy Diamond Associates.
The firm looked at the average scores for 401(k) plans in 20 different industry classifications and discovered a 38 percent gap in the average score between the top ranking group and the lowest ranking group.
"While it won't shock many to learn that financial professionals have the best performing 401(k) plans, when looking at the spread it becomes clear that there's a real disparity between the top and bottom industries," said Eric Ryles, managing director of Judy Diamond Associates.
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