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

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

RankManagerAssetsNumber of series
1Vanguard Group$278,29312
2Fidelity Investments$161,207
3T. Rowe Price Group$153,6963
4BlackRock$106,6984
5J.P. Morgan Asset Mgmt.$82,1655
6Principal$44,9306
7Capital Group$34,4301
8AllianceBernstein Invest.$32,0534
9TIAA Global Asset Mgmt.$23,9232
10Wells Fargo Asset Mgmt.$17,1963
11John Hancock Funds$15,3443
12American Century$15,2511
13Northern Trust Asset Mgmt.$7,5462
14Russell Investments$7,5335
15Great-West Financial$7,2377
16Voya Investment Mgmt.$6,8896
17Charles Schwab$5,8933
18Prudential Financial$4,6453
19Manning & Napier$4,5203
20Putnam Investments$1,9962

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