The largest managers of proprietary mutual funds most used by DC plans

Ranked by total U.S. defined contribution assets, in millions, as of June 30, 2023.
RankManagerAssets
1Vanguard Group$1,086,888
2Fidelity Investments$847,598
3Capital Group$504,479
4T. Rowe Price Group$238,090
5BlackRock$117,452
6Nuveen$96,243
7MFS Investment$82,668
8Dodge & Cox$81,208
9PIMCO$55,952
10Federated Hermes$53,961
11Invesco$52,026
12John Hancock Funds$48,509
13Dimensional Fund Advisors$45,957
14Franklin Templeton$43,305
15American Century$31,205
16American Century$38,512
17Janus Henderson Investors$29,574
18Principal$29,197
19Prudential Financial$29,112
20Wells Fargo Asset Mgmt.$26,285
21Voya Investment Mgmt.$26,034
22Columbia Threadneedle$19,938
23Victory Capital$17,345
24Goldman Sachs Group$12,611
25Great-West Investments$12,268
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