States with the worst 401(k) plans
February 9, 2015 2:14 AM
Overview
Judy Diamond Associates reviewed more than half a million 401(k) plans throughout the country to determine which states had the highest amount of under-performing plans. Rankings are based on rate of return, participation and employee contributions.
[Image: Fotolia]
[Image: Fotolia]
10) Alabama
Percent of plans that significantly underperformed: 12.81%
[Image: Fotolia]
[Image: Fotolia]
9) Mississippi
Percent of plans that significantly underperformed: 12.88%
[Image: Fotolia]
[Image: Fotolia]
8) Texas
Percent of plans that significantly underperformed: 13.11%
[Image: Fotolia]
[Image: Fotolia]
7) Georgia
Percent of plans that significantly underperformed: 13.12%
[Image: Fotolia]
[Image: Fotolia]
6) South Carolina
Percent of plans that significantly underperformed: 13.18%
[Image: Fotolia]
[Image: Fotolia]
5) Tennessee
Percent of plans that significantly underperformed: 13.37%
[Image: Fotolia]
[Image: Fotolia]
4) Florida
Percent of plans that significantly underperformed: 14.42%
[Image: Fotolia]
[Image: Fotolia]
3) Utah
Percent of plans that significantly underperformed: 15.17%
[Image: Fotolia]
[Image: Fotolia]
2) Nevada
Percent of plans that significantly underperformed: 15.19%
[Image: Fotolia]
[Image: Fotolia]
1) Arizona
Percent of plans that significantly underperformed: 16.17%
[Image: Fotolia]
[Image: Fotolia]
