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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