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
