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, 2020.
RankManagerAssets
1Vanguard Group$930,592
2Fidelity Investments$667,279
3Capital Group$430,701
4T. Rowe Price Group$255,188
5J.P. Morgan Asset Mgmt.$101,070
6BlackRock$83,628
7PIMCO$69,838
8Nuveen$68,108
9Invesco$67,504
10Dodge & Cox$62,794
11John Hancock Funds$62,503
12MFS Investment$59,677
13Federated Hermes$49,661
14Franklin Templeton$45,799
15Dimensional Fund Advisors$43,691
16American Century$29,531
17Prudential Financial$25,300
18Principal$21,838
19Wells Fargo Asset Mgmt.$21,076
20Voya Investment Mgmt.$20,732
21Columbia Threadneedle$17,695
22Great-West Investments$11,677
23AllianceBernstein Invest.$11,365
24Victory Capital$11,035
25Loomis, Sayles$10,657
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