The largest managers of proprietary target-date mutual funds used by DC plans

U.S. defined contribution assets, in millions, as of June 30, 2016.

RankManagerAssets
1Fidelity Investments$144,036
2Vanguard Group$128,517
3T. Rowe Price Group$115,375
4J.P. Morgan Asset Mgmt.$41,947
5Capital Group$34,430
6TIAA Global Asset Mgmt.$23,923
7John Hancock Funds$15,344
8Wells Fargo Asset Mgmt.$13,806
9American Century$13,766
10Principal$6,964

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