401k Round Up is a weekly column aimed at keeping mutual fund industry insiders updated on what's happening in the 401(k) industry. Below are quick takes on stories that originally appeared on The MFWire's sister publication, The 401kWire.
mutual funds are still the the first choice in retirement plans
. The company had five of the top 20 most popular mutual funds in plans, the big winner being the Growth of America Fund
, which was in 70 to 75 percent of all plans. The Pimco Total Return
was next in line and is inside 50 to 60 percent of retirement plans.
Surprisingly, Baron Small Cap
was high on the list. The fund was present in 20 to 30 percent of plans even though Baron puts far fewer resources into DC-IO than some other firms. Davis Funds
, another small retirement player, also sat among giants. The Davis NY Venture Fund
was in 25 to 30 percent of DC plans.
had the most used target date fund, followed by Barclays Global Investors
and T. Rowe Price
* * *
Sentinel Investments grew
its defined contribution investment only team, as part of a larger sales team expansion. David Kania
was hired as a regional retirement director covering the eastern U.S.
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