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

U.S. defined contribution assets, in millions, as of June 30, 2020.
RankManagerAssets
1Vanguard Group$328,830
2BlackRock$146,756
3T. Rowe Price Group$126,409
4Fidelity Investments$56,539
5J.P. Morgan Asset Mgmt.$42,953
6Principal$41,490
7American Century$8,949
8Charles Schwab$8,651
9Wells Fargo Asset Mgmt.$7,919
10Northern Trust Asset Mgmt.$6,277
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