Profiling Top 25 401(k) managers

Profiles of the largest 401(k) managers

1 Fidelity Investments

82 Devonshire St., Boston, MA 02109; phone: (800) 343-3548; fidelity.com

(millions)

Corporate 401(k) $228,947

Total DC assets $282,211

Internally managed DC $270,382

Investment vehicle:

Mutual funds $229,718

Variable annuities $37,529

Separate accounts $639

Other commingled $2,496

Life cycle/asset allocation assets $31,412

Asset mix:

Stocks 65%

Cash 12%

Bonds 5%

Stable value 18%

Client contact: Joe Dattilo

2 State Street Global Advisors

2 International Place, 34th Floor, Boston, MA 02110; phone: (617) 664-4738; fax: (617) 664-2950; ssga.com

(millions)

Corporate 401(k) $88,495

Other 401(k) $10,577

Total DC assets $150,971

Internally managed DC $149,232

Investment vehicle:

Mutual funds $2,534

Separate accounts $105,243

Other commingled $41,455

Life cycle/asset allocation assets $12,357

Asset mix:

Stocks 69%

Cash 9%

Bonds 7%

Stable value 6%

Other 9%

Client contact: Gerard Kelly

3 The Vanguard Group Inc.

P.O. Box 2600, Valley Forge, PA 19482; phone: (800) 523-1036; fax: (610) 669-0199; vanguard.com

(millions)

Corporate 401(k) $79,015

Total DC assets $139,775

Internally managed DC $95,946

Investment vehicle:

Mutual funds $69,186

Separate accounts $14,124

Other commingled $12,636

Life cycle/asset allocation assets $6,076

Asset mix:

Stocks 52%

Cash 11%

Bonds 15%

Stable value 22%

Client contact: Gerard P. Mullane

4 INVESCO

1360 Peachtree St., Suite 100, Atlanta, GA 30309; phone: (404) 892-0896; fax: (404) 439-4910; invesco.com

(millions)

Corporate 401(k) $41,643

Other 401(k) $2,031

Total DC assets $51,762

Internally managed DC $50,284

Investment vehicle:

Mutual funds $6,140

Variable annuities $38

Separate accounts $32,360

Other commingled $11,746

Life cycle/asset allocation assets $113

Asset mix:

Stocks 22%

Bonds 3%

Stable value 70%

Other 5%

Client contact: Ben Utt

5 Putnam Investments

1 Post Office Square, Boston, MA 02109; phone: (617) 292-1000; fax: (617) 760-8614; putnaminv.com

(millions)

Corporate 401(k) $36,432

Total DC assets $40,700

Internally managed DC $40,700

Investment vehicle:

Mutual funds $30,500

Separate accounts $4,700

Other commingled $5,500

Life cycle/asset allocation assets $4,615

Asset mix:

Stocks 76%

Cash 10%

Bonds 3%

Stable value 11%

Client contact: Joseph Craven

6 Principal Global Investors

801 Grand Ave., Des Moines, IA 50392; phone: (800) 533-1390; fax: (515) 362-0676; principalglobal.com

(millions)

Corporate 401(k) $33,834

Total DC assets $45,595

Internally managed DC $45,595

Investment vehicle:

Mutual funds $2,123

Variable annuities $2,348

Other commingled $41,124

Life cycle/asset allocation assets $1,380

Asset mix:

Stocks 42%

Cash 8%

Bonds 12%

Stable value 36%

Other 2%

Client contact: Tim Minard

7 Capital Research and Mgmt

333 S. Hope St., Los Angeles, CA 90071; phone: (213) 486-9200; americanfunds .com

(millions)

Corporate 401(k) $33,251

Total DC assets $85,993

Internally managed DC $85,993

Investment vehicle:

Mutual funds $85,993

Asset mix:

Stocks 71%

Cash 13%

Bonds 16%

Client contact: Lorin Liesy

8 MetLife Inc.

1 Madison Ave., New York, NY 10010; phone: (212) 578-2211; fax: (303) 672-3495; metlife.com

(millions)

Corporate 401(k) $23,700

Other 401(k) $5,200

Total DC assets $37,400

Internally managed DC $37,400

Investment vehicle:

Variable annuities $2,000

Separate accounts $6,500

Other commingled $28,900

Asset mix:

Stocks 15%

Cash 1%

Bonds 58%

Stable value 22%

Other 4%

Client contact: William Slater

9 T. Rowe Price Associates Inc.

100 E. Pratt St., Eighth Floor, Baltimore, MD 21202; phone: (410) 345-2000; fax: (410) 345-2349; troweprice.com

(millions)

Corporate 401(k) $27,536

Total DC assets $30,405

Internally managed DC $30,405

Investment vehicle:

Mutual funds $19,027

Variable annuities $4,785

Separate accounts $3,454

Other commingled $3,139

Life cycle/asset allocation assets $3,769

Asset mix:

Stocks 61%

Cash 15%

Bonds 8%

Stable value 16%

Client contact: Keith Lewis

10 Merrill Lynch Inv Mgrs

800 Scudders Mill Road, Plainsboro, NJ 08536; phone: (609) 282-1212; fax: (609) 282-8691; mlim.ml.com

(millions)

Corporate 401(k) $17,053

Other 401(k) $9,727

Total DC assets $27,117

Internally managed DC $27,117

Investment vehicle:

Mutual funds $15,920

Other commingled $11,197

Life cycle/asset allocation assets $2,761

Asset mix:

Stocks 39%

Cash 13%

Bonds 8%

Stable value 30%

Other 10%

Client contact: George Antonak

11 American Express Financial Corp.

200 AXP Financial Center, Minneapolis, MN 55474; phone: (800) 437-0600; fax: (612) 547-2781; americanexpress .com/retirement

(millions)

Corporate 401(k) $25,869

Total DC assets $38,350

Internally managed DC $32,998

Investment vehicle:

Mutual funds $14,073

Variable annuities $16

Separate accounts $2,951

Other commingled $15,958

Life cycle/asset allocation assets $895

Client contact: Chris Matzke

12 Prudential Financial

751 Broad St., Newark, NJ 07102; phone: (973) 367-4779; fax: (973) 367-2595; prudential.com

(millions)

Corporate 401(k) $25,721

Total DC assets $34,444

Internally managed DC $34,444

Investment vehicle:

Mutual funds $16,137

Separate accounts $3,883

Other commingled $14,424

Life cycle/asset allocation assets $263

Asset mix:

Stocks 43%

Bonds 36%

Stable value 17%

Other 4%

Client contact: Paul Swanson

13 ING U.S. Financial Services

5780 Powers Ferry Road N.W., Atlanta, GA 30327; phone: (770) 980-3300; fax: (770) 980-3301; ing-usa.com

(millions)

Corporate 401(k) $18,990

Other 401(k) $1,830

Total DC assets $60,106

Internally managed DC $46,464

Investment vehicle:

Variable annuities $22,594

Separate accounts $21,511

Other commingled $2,359

Asset mix:

Stocks 40%

Bonds 37%

Stable value 23%

Client contact: Robert L. Francis

14 Mellon Financial Corp.

1 Mellon Center, Pittsburgh, PA 15258-0001; phone: (412) 234-5000; fax: (412) 236-1662; mellon.com

(millions)

Corporate 401(k) $16,789

Other 401(k) $203

Total DC assets $21,482

Internally managed DC $19,568

Investment vehicle:

Mutual funds $4,425

Separate accounts $9,091

Other commingled $6,052

Life cycle/asset allocation assets $1,061

Asset mix:

Stocks 36%

Cash 5%

Bonds 13%

Stable value 43%

Other 3%

15 Wells Capital Mgmt Inc.

525 Market St., 10th Floor, San Francisco, CA 94105; phone: (415) 396-8000; fax: (415) 543-2329; wellscap.com

(millions)

Corporate 401(k) $13,500

Total DC assets $17,900

Internally managed DC $17,900

Investment vehicle:

Mutual funds $14,180

Other commingled $3,720

Life cycle/asset allocation assets $5,000

Asset mix:

Stocks 65%

Cash 6%

Bonds 9%

Stable value 20%

Client contact: Sean Thomas

16 Dwight Asset Mgmt Co.

100 Bank St., Suite 800, Burlington, VT 05401; phone: (802) 862-4170; fax: (802) 862-5097; dwight.com

(millions)

Corporate 401(k) $13,927

Total DC assets $18,791

Internally managed DC $14,966

Investment vehicle:

Separate accounts $8,031

Other commingled $6,935

Asset mix:

Cash 1%

Bonds 6%

Stable value 93%

Client contact: David Richardson

17 JPMorgan Fleming Asset Management

522 Fifth Ave., New York, NY 10036; phone: (212) 483-2323; fax: (212) 768-0557; jpmorganfleming.com

(millions)

Corporate 401(k) $12,837

Total DC assets $17,056

Internally managed DC $13,637

Investment vehicle:

Mutual funds $2,431

Separate accounts $5,094

Other commingled $6,112

Life cycle/asset allocation assets $1,390

Asset mix:

Stocks 35%

Cash 5%

Bonds 14%

Stable value 41%

Other 5%

Client contact: Melissa Hooker

18 Northern Trust Global Investments

50 S. LaSalle St., Chicago, IL 60675; phone: (312) 630-6000; fax: (312) 630-1488; northerntrust.com

(millions)

Corporate 401(k) $12,707

Total DC assets $26,434

Internally managed DC $12,707

Investment vehicle:

Mutual funds $3,816

Other commingled $8,891

Life cycle/asset allocation assets $823

Asset mix:

Stocks 64%

Cash 2%

Bonds 22%

Stable value 10%

Other 2%

19 CIGNA Retirement and Investment Services

280 Trumbull St., 10E, Hartford, CT 06103; phone: (800) 574-0615; fax: (860) 534-2614; cigna.com

(millions)

Corporate 401(k) $11,866

Total DC assets $28,069

Internally managed DC $19,335

Investment vehicle:

Separate accounts $5,318

Other commingled $14,017

Life cycle/asset allocation assets $639

Asset mix:

Stocks 12%

Bonds 16%

Stable value 72%

Client contact: Dave Castellani

20 MFS Investment Mgmt

500 Boylston St., Boston, MA 02116; phone: (617) 954-5000; fax: (617) 954-6657; mfs.com

(millions)

Corporate 401(k) $11,218

Other 401(k) $49

Total DC assets $15,817

Internally managed DC $14,575

Investment vehicle:

Mutual funds $14,397

Separate accounts $42

Other commingled $136

Life cycle/asset allocation assets $860

Asset mix:

Stocks 81%

Cash 3%

Bonds 10%

Stable value 6%

Client contact: John Campbell

21 Franklin Templeton Investments

1 Franklin Parkway, San Mateo, CA 94403; phone: (800) 632-2350; fax: (954) 527-2137; ftiinstitutional.com

(millions)

Corporate 401(k) $10,830

Total DC assets $12,687

Internally managed DC $12,687

Investment vehicle:

Mutual funds $12,215

Separate accounts $218

Other commingled $254

Asset mix:

Stocks 97%

Bonds 3%

Client contact: Rick Frisbie

22 BlackRock Inc.

40 E. 52nd St., New York, NY 10022; phone: (212) 754-5560; fax: (212) 935-1370; blackrock.com

(millions)

Corporate 401(k) $7,492

Other 401(k) $2,149

Total DC assets $12,459

Internally managed DC $12,459

Investment vehicle:

Mutual funds $1,381

Separate accounts $11,078

Asset mix:

Stocks 4%

Cash 3%

Bonds 93%

Client contact: Katherine Cahill

23 GE Asset Mgmt Inc.

3003 Summer St., Stamford, CT 06905; phone: (203) 326-2300; fax: (203) 326-4160; geassetmanagement.com

(millions)

Corporate 401(k) $8,605

Total DC assets $8,671

Internally managed DC $8,609

Investment vehicle:

Mutual funds $8,609

Life cycle/asset allocation assets $32

Asset mix:

Stocks 43%

Cash 13%

Bonds 43%

Other 1%

Client contact: Betty Anne Catalino

24 Barclays Global Investors

45 Fremont St., San Francisco, CA 94105; phone: (415) 597-2000; fax: (415) 597-2140; barclaysglobal.com

(millions)

Corporate 401(k) $8,500

Total DC assets $92,500

Internally managed DC $92,500

Investment vehicle:

Mutual funds $6,100

Separate accounts $2,100

Other commingled $84,300

Life cycle/asset allocation assets $2,300

Asset mix:

Stocks 76%

Cash 5%

Bonds 19%

Client contact: Matt Scanlan

25 AIM Advisors Inc.

11 Greenway Plaza, Suite 100, Houston, TX 77046; phone: (800) 347-1919; fax: (713) 214-1538; aimfunds.com

(millions)

Corporate 401(k) $8,380

Total DC assets $9,470

Internally managed DC $9,470

Investment vehicle:

Mutual funds $9,470

Asset mix:

Stocks 94%

Cash 3%

Bonds 3%

Client contact: Patrick White