Arizona has once more ranked as the state with the highest concentration of troubled 401(k) plans, according to an analysis by Judy Diamond Associates.
Slightly more than 16 percent of the 401(k)s plans in Arizona "significantly" underperformed an average benchmark, though the Grand Canyon State did see the largest year-over-year improvement. In 2014, 17.6 percent of plans in Arizona were identified as significant underperformers.
Mississippi, meanwhile, saw the biggest increase in troubled plans, a number that bumped up to 12.9 percent of plans compared to 11.6 percent last year. That slip earned Mississippi its spot on Judy Diamond's top 10 ranking of the states with the highest number of poorly performing 401(k) plans, after ranking 16th last year.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
