July 9, 2007, 12:01 AM ET
| Top defined contribution managers | ||
| Managers ranked by total U.S. institutional, tax-exempt defined contribution assets under management, in millions, as of Dec. 31, 2006. | ||
| Rank | Manager | Assets |
| 1 | Fidelity Investments | $502,943 |
| 2 | TIAA-CREF | $370,852 |
| 3 | Capital Research | $284,878 |
| 4 | Vanguard Group | $281,593 |
| 5 | State Street Global | $207,015 |
| 6 | Barclays Global | $188,006 |
| 7 | T. Rowe Price | $107,166 |
| 8 | Prudential Financial | $97,356 |
| 9 | ING | $87,368 |
| 10 | AIG Global Investment | $76,296 |
| 11 | PIMCO | $61,157 |
| 12 | MassMutual Financial | $58,017 |
| 13 | Principal Global Investors | $56,004 |
| 14 | INVESCO | $45,242 |
| 15 | Northern Trust Global Inv. | $39,926 |
| 16 | Dwight Asset Mgmt. | $36,200 |
| 17 | Mellon Financial | $35,435 |
| 18 | Deutsche Asset Mgmt. | $35,218 |
| 19 | Franklin Templeton | $34,930 |
| 20 | Legg Mason | $32,543 |
| 21 | Nationwide Financial | $29,145 |
| 22 | Diversified Investment | $28,778 |
| 23 | Hartford Financial | $27,282 |
| 24 | JPMorgan Asset Mgmt. | $27,105 |
| 25 | BlackRock | $24,861 |
| 26 | Morgan Stanley | $24,141 |
| 27 | American Century | $22,815 |
| 28 | Putnam Investments | $22,626 |
| 29 | General Motors Asset Mgmt. | $19,095 |
| 30 | Janus Capital Group | $18,877 |
| 31 | ICMA Retirement | $17,500 |
| 32 | Galliard Capital | $17,106 |
| 33 | Federated Investors | $16,742 |
| 34 | AllianceBernstein Inst'l | $16,238 |
| 35 | MFS Investment | $15,512 |
| 36 | Harris Associates | $15,451 |
| 37 | New York Life Inv. Mgmt. | $14,826 |
| 38 | Russell Investment Group | $13,800 |
| 39 | Goldman Sachs Group | $13,689 |
| 40 | RiverSource Investments | $12,503 |
| 41 | GE Asset Mgmt. | $12,461 |
| 42 | AIM Advisors | $11,365 |
| 43 | Lord, Abbett | $10,390 |
| 44 | Artisan Partners | $8,882 |
| 45 | OneAmerica | $8,432 |
| 46 | Capital Guardian | $8,216 |
| 47 | FAF Advisors | $8,158 |
| 48 | Dimensional Fund Advisors | $8,137 |
| 49 | Evergreen Investments | $7,914 |
| 50 | Davis Advisors | $7,748 |
| 51 | MFC Global Investment | $7,633 |
| 52 | Fiduciary Asset Mgmt. | $6,939 |
| 53 | Charles Schwab Investment | $6,215 |
| 54 | DuPont Capital | $6,201 |
| 55 | NISA Investment | $5,770 |
| 56 | Baron Capital Mgmt. | $5,405 |
| 57 | Victory Capital | $5,297 |
| 58 | Trusco Capital | $5,236 |
| 59 | Ariel Capital | $5,078 |
| 60 | Delaware Investments | $4,770 |
| 61 | Transamerica Investment | $4,412 |
| 62 | American Beacon Advisors | $4,329 |
| 63 | Loomis, Sayles | $4,149 |
| 64 | M & I Investment | $4,121 |
| 65 | TCW Group | $3,444 |
| 66 | Aronson + Johnson + Ortiz | $3,208 |
| 67 | Fred Alger Mgmt. | $2,966 |
| 68 | Grantham, Mayo v. Otterloo | $2,937 |
| 69 | UBS Global Asset Mgmt. | $2,775 |
| 70 | Manning & Napier | $2,544 |
| 71 | Lehman Brothers Holdings | $2,303 |
| 72 | UBS Fiduciary Trust | $2,209 |
| 73 | Aston Asset Mgmt. | $2,200 |
| 74 | LSV Asset Mgmt. | $2,155 |
| 75 | Security Capital Research | $2,087 |
| 76 | Calamos Advisors | $1,964 |
| 77 | Atalanta Sosnoff Capital | $1,952 |
| 78 | Fiduciary Capital | $1,949 |
| 79 | Calvert Asset Mgmt. | $1,800 |
| 80 | AXA Rosenberg | $1,775 |
| 81 | Munder Capital | $1,730 |
| 82 | Metropolitan West Asset | $1,685 |
| 83 | Advantus Capital | $1,684 |
| 84 | NWD Investments | $1,666 |
| 85 | Chartwell Investment | $1,441 |
| 86 | Shapiro Capital | $1,276 |
| 87 | RS Investments | $1,272 |
| 88 | Third Avenue Mgmt. | $1,262 |
| 89 | Strategic Investment Group | $1,160 |
| 90 | NWQ Investment | $1,003 |
| 91 | OFI Inst'l Asset | $993 |
| 92 | Arbor Capital | $958 |
| 93 | Dreman Value Mgmt. | $956 |
| 94 | GAMCO Investors | $952 |
| 95 | Wasatch Advisors | $920 |
| 96 | Hotchkis & Wiley | $907 |
| 97 | Robeco Group | $898 |
| 98 | J. & W. Seligman | $838 |
| 99 | RCM | $834 |
| 100 | Declaration Mgmt. | $811 |
| 101 | William Blair | $789 |
| 102 | Pacific Income Advisers | $730 |
| 103 | STW Fixed Income | $614 |
| 104 | Stacey Braun Associates | $608 |
| 105 | Salus Capital | $600 |
| 106 | Lazard Asset Mgmt. | $597 |
| 107 | Smith Breeden | $587 |
| 108 | Estabrook Capital | $583 |
| 109 | Oberweis Asset Mgmt. | $557 |
| 110 | U.S. Trust | $508 |
| 111 | Gardner Lewis | $490 |
| 112 | Eaton Vance Mgmt. | $483 |
| 113 | Jensen Investment | $472 |
| 114 | Lotsoff Capital | $472 |
| 115 | Becker Capital | $463 |
| 116 | Glenmede Trust | $461 |
| 117 | Donald Smith | $457 |
| 118 | HighMark Capital | $427 |
| 119 | Veredus Asset Mgmt. | $415 |
| 120 | Freeman Associates | $405 |
| 121 | Turner Investment | $383 |
| 122 | CS Capital | $350 |
| 123 | Fiduciary Mgmt./Milwaukee | $350 |
| 124 | Kornitzer Capital | $343 |
| 125 | New Amsterdam Partners | $327 |
| 126 | NFJ Investment Group | $317 |
| 127 | Cohen & Steers | $296 |
| 128 | Longwood Investment | $293 |
| 129 | Sound Shore Mgmt. | $288 |
| 130 | Smith Asset Mgmt. | $279 |
| 131 | AEW Capital | $275 |
| 132 | Pinnacle Associates | $271 |
| 133 | Northern Cross | $268 |
| 134 | Baird Investment | $266 |
| 135 | Highland Capital (Tenn.) | $256 |
| 136 | AXA Equitable Life | $251 |
| 137 | Merganser Capital | $246 |
| 138 | Pax World Mgmt. | $243 |
| 139 | Jacobs Levy Equity | $234 |
| 140 | Thompson, Siegel | $225 |
| 141 | Alex. Brown Investment | $223 |
| 142 | Skyline Asset Mgmt. | $223 |
| 143 | KR Capital Advisors | $221 |
| 144 | Quest Investment | $217 |
| 145 | Bahl & Gaynor | $215 |
| 146 | Karpus Investment | $207 |
| 147 | AMBS Investment Counsel | $201 |
| 148 | Century Capital | $200 |
| 149 | Johnson Investment | $200 |
| 150 | Tradewinds | $199 |
| 151 | Rainier Investment | $198 |
| 152 | Mazama Capital | $190 |
| 153 | Snyder Capital | $189 |
| 154 | Driehaus Capital | $183 |
| 155 | Davis Hamilton Jackson | $180 |
| 156 | Montag & Caldwell | $179 |
| 157 | Kennedy Capital | $175 |
| 158 | First Quadrant | $174 |
| 159 | Harding, Loevner | $171 |
| 160 | Investment Counselors/Md. | $171 |
| 161 | Flippin, Bruce & Porter | $170 |
| 162 | City National Bank | $165 |
| 163 | Fischer Francis Trees | $165 |
| 164 | Winslow Capital | $165 |
| 165 | Perimeter Capital | $159 |
| 166 | Fiduciary Mgmt. Associates | $155 |
| 167 | Simmons First Trust | $151 |
| 168 | Hoisington Investment | $148 |
| 169 | Bear Stearns Asset Mgmt. | $147 |
| 170 | Provident Investment | $146 |
| 171 | Zevenbergen Capital | $146 |
| 172 | Agincourt Capital | $141 |
| 173 | AmalgaTrust | $140 |
| 174 | Muhlenkamp | $134 |
| 175 | Diamond Hill Capital | $131 |
| 176 | Haverford Trust | $128 |
| 177 | Retirement System Investors | $126 |
| 178 | Navellier & Associates | $116 |
| 179 | Duncan-Hurst Capital | $111 |
| 180 | Leuthold Weeden | $110 |
| 181 | Peregrine Capital | $109 |
| 182 | Logan Capital | $107 |
| 183 | Ferguson Wellman | $106 |
| 184 | Frontier Capital | $105 |
| 185 | Oak Ridge Investments | $101 |
| 186 | Venus Capital | $95 |
| 187 | Wall Street Associates | $93 |
| 188 | Markston International | $92 |
| 189 | Riverbridge Partners | $85 |
| 190 | Financial Mgmt. Advisors | $84 |
| 191 | Mercantile-Safe Deposit | $82 |
| 192 | Sawgrass Asset Mgmt. | $82 |
| 193 | Kayne Anderson Rudnick | $81 |
| 194 | Timberland Investment | $78 |
| 195 | Cohen, Klingenstein & Marks | $76 |
| 196 | Zeliff Wallace Jackson | $73 |
| 197 | Mastrapasqua Asset Mgmt. | $72 |
| 198 | Renaissance Investment | $72 |
| 199 | Fuller & Thaler | $71 |
| 200 | James Investment | $71 |
| 201 | Sage Advisory Services | $69 |
| 202 | Dolan McEniry Capital | $68 |
| 203 | Clifton Group | $66 |
| 204 | RNC Genter Capital | $66 |
| 205 | Alta Capital | $65 |
| 206 | Geneva Capital | $65 |
| 207 | Northern Capital | $65 |
| 208 | Sadoff Investment | $65 |
| 209 | Enterprise Capital | $63 |
| 210 | Axiom International | $61 |
| 211 | Johnson Asset Mgmt. | $61 |
| 212 | W.H. Reaves | $61 |
| 213 | First Midwest Trust | $58 |
| 214 | McCarthy Group | $57 |
| 215 | Beacon Investment | $56 |
| 216 | Foundation Resource | $54 |
| 217 | Aberdeen Asset Mgmt. | $50 |
| 218 | Cambiar Investors | $50 |
| 219 | Emerald Advisers | $50 |
| 220 | Brown Capital | $49 |
| 221 | High Pointe Capital | $48 |
| 222 | Iridian Asset Mgmt. | $48 |
| 223 | Cardinal Point | $46 |
| 224 | Heritage Investors Mgmt. | $44 |
| 225 | Rothschild Asset Mgmt. | $42 |
| 226 | Santa Barbara Asset | $42 |
| 227 | Adams Street Partners | $41 |
| 228 | Copper Rock Capital | $38 |
| 229 | Fort Washington | $38 |
| 230 | Atlanta Capital | $37 |
| 231 | Dean Investments | $37 |
| 232 | Orleans Capital | $37 |
| 233 | Campbell Newman Asset | $35 |
| 234 | Crawford Investment | $35 |
| 235 | NewSouth Capital | $35 |
| 236 | Stuyvesant Capital | $35 |
| 237 | First Citizens Capital | $33 |
| 238 | Badgley, Phelps & Bell | $32 |
| 239 | Hallmark Capital | $31 |
| 240 | Kestrel Investment | $28 |
| 241 | Messner & Smith | $28 |
| 242 | Knightsbridge Asset Mgmt. | $26 |
| 243 | PRIMECAP | $25 |
| 244 | Valley Forge Asset Mgmt. | $22 |
| 245 | Piedra Capital | $21 |
| 246 | Roanoke Asset Mgmt. | $21 |
| 247 | Trainer, Wortham | $21 |
| 248 | Southfield Investment | $20 |
| 249 | Spectrum Advisory | $19 |
| 250 | Sterling Capital | $19 |
| 251 | First American Trust | $18 |
| 252 | Kalmar Investments | $18 |
| 253 | Shenkman Capital | $18 |
| 254 | Tom Johnson Investment | $18 |
| 255 | Investment Mgmt. of Va. | $17 |
| 256 | Heartland Advisors | $16 |
| 257 | Steinberg Asset Mgmt. | $16 |
| 258 | Ganucheau Capital | $12 |
| 259 | JAG Advisors | $12 |
| 260 | Boyd Watterson | $9 |
| 261 | Clover Capital | $9 |
| 262 | Gannett Welsh & Kotler | $9 |
| 263 | Avatar Associates | $7 |
| 264 | Philadelphia Investment | $7 |
| 265 | Keeley Asset Mgmt. | $6 |
| 266 | Colony Capital Mgmt. | $5 |
| 267 | Dover Partners | $5 |
| 268 | Affinity Investment Advisors | $4 |
| 269 | City of London | $4 |
| 270 | Kopp Investment Advisors | $4 |
| 271 | GEM Capital | $3 |
| 272 | McHugh Associates | $3 |
| 273 | Denver Investment | $2 |
| 274 | Husic Capital | $2 |
| 275 | WHB/Wolverine | $2 |
| 276 | Eubel Brady & Suttman | $1 |
| 277 | Holt-Smith & Yates | $1 |
| 278 | New Century Investment | $1 |
| Total | $3,292,405 | |
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