Some states have navigated the financial market volatility of the post-pandemic
years better than others
Average Annualized Return on Assets by State, 2020–2026
0%
2%
4%
6%
8%
10%
12%
14%
WI
OH
NC
CO
AK
UT
SD
OR
MT
MS
WY
MD
DE
AL
MO
IA
KS
IL
TN
ID
FL
NY
NM
PA
WV
AR
ME
MN
LA
OK
HI
TX
RI
NJ
MA
DC
ND
VA
NE
NH
NV
CA
GA
VT
KY
MI
IN
WA
SC
AZ
CT
Source: Equable Institute analysis of public plan valuation reports and ACFRs. See methodology appendix for details on 2026 estimate.
Download the data here.