Top 10 record keepers of defined contribution plans

Fidelity Investments, the largest record keeper, extended its dominance in 2016

Apr 13, 2017 @ 5:00 pm

By Greg Iacurci

The largest defined-contribution-plan record keepers all experienced positive asset growth last year, according to Pensions & Investments' annual record keeper survey.

Bank of America Merrill Lynch, the No. 7 service provider by assets, had the largest year-over-year percentage growth, at just over 18%.

But Fidelity Investments, the leader of the pack, extended its dominance by gaining more than $200 billion in plan assets. Roughly $1.1 trillion now separates the firm from its next-closest competitor.

Top 10 record keepers of defined contribution plans, by assets
Source: InvestmentNews sister publication Pensions & Investments' annual record keeper survey
Note: Based on total assets as of the third quarter of 2015 and 2016. *Conduent was formed in 2017 after separating from Xerox Corp.

0
Comments

What do you think?

View comments

Recommended for you

Featured video

Events

Retirement: It's no longer about feeding pigeons from a park bench.

Today's retirees expect so much more from retirement than previous generations, and advisers are in prime position to help their clients understand what's important and what's not.

Latest news & opinion

Morgan Stanley CEO is happy that brokers are staying put

Firm has seen little attrition since it dumped the broker protocol last fall, Gorman says.

Bills to reform adviser regulation, increase sophisticated investors and protect seniors pass House

Measures included in package of 32 bipartisan bills meant to ease rules, spur investment

Genstar Capital buys majority stake in Cetera Financial Group

The private-equity firm has previously invested in such companies as Mercer Advisors and AssetMark.

Cetera Financial Group close to announcing its acquisition by private equity

Details of sale to one or more P-E firms could be announced as early as today.

10 best states for retirement

When it comes to places to retire, here are the 10 best states for enjoying your golden years.

X

Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting investmentnews.com? It'll help us continue to serve you.

Yes, show me how to whitelist investmentnews.com

Ad blocker detected. Please whitelist us or give premium a try.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print