Lineup changes, 2024 to 2025
Changes between the 2024 and 2025 filings of 54,528 plans. A change is a fund that moved by at least $250K and 0.1% of the plan. Values are year-end holdings, not money moved.
Covers 71,410 large plans that list their funds in their annual filing. Updated Nov 6, 2026. Shares describe these plans, not the whole market.
See every change, plan by plan
Filings through .
Managers by net plans adding their funds
| Manager | Net plans | Plans adding | Plans dropping |
|---|---|---|---|
| Fidelity (FMR) | +2255 | 5,257 | 3,002 |
| Dimensional | +826 | 1,483 | 657 |
| Dodge & Cox | +435 | 774 | 339 |
| JPMorgan | +395 | 2,237 | 1,842 |
| Franklin Templeton | +247 | 1,410 | 1,163 |
| Empower | +177 | 330 | 153 |
| Cohen & Steers | +153 | 347 | 194 |
| State Street (SSgA) | +149 | 686 | 537 |
| Federated Hermes | +148 | 500 | 352 |
| PIMCO (Allianz) | +143 | 984 | 841 |
| John Hancock (Manulife) | +123 | 592 | 469 |
| Vanguard | +111 | 4,774 | 4,663 |
| GQG Partners | +101 | 154 | 53 |
| Prudential (PGIM) | +96 | 577 | 481 |
| TIAA (Nuveen) | +89 | 879 | 790 |
See all 141 managers with Pro. Pro names every plan, with dollars and dates.
Managers with the most net losses
| Manager | Net plans | Plans adding | Plans dropping |
|---|---|---|---|
| T. Rowe Price | -747 | 1,561 | 2,308 |
| BlackRock | -566 | 1,816 | 2,382 |
| Invesco | -537 | 699 | 1,236 |
| American Century | -347 | 569 | 916 |
| Macquarie / Nomura | -339 | 112 | 451 |
| TCW | -307 | 112 | 419 |
| MassMutual | -251 | 127 | 378 |
| AllianceBernstein | -160 | 327 | 487 |
| Allspring | -150 | 542 | 692 |
| Virtus | -132 | 59 | 191 |
| Morgan Stanley | -122 | 215 | 337 |
| Affiliated Managers Group | -112 | 76 | 188 |
| Natixis IM | -102 | 256 | 358 |
| Lord Abbett | -102 | 115 | 217 |
| MFS (Sun Life) | -71 | 1,787 | 1,858 |
Most added funds
| Fund | Plans | Value |
|---|---|---|
| Fidelity 500 Index FundFidelity (FMR) | 1,449 | $11.7B |
| JPMorgan Large Cap Growth Fund Class R6JPMorgan | 712 | $3.56B |
| Fidelity Mid Cap Index FundFidelity (FMR) | 601 | $1.29B |
| Fidelity International Index FundFidelity (FMR) | 508 | $1.34B |
| Vanguard 500 Index Fund Admiral SharesVanguard | 424 | $1.17B |
| Fidelity Small Cap Index FundFidelity (FMR) | 409 | $727M |
| Fidelity U.S. Bond Index FundFidelity (FMR) | 400 | $1.44B |
| Putnam Large CAP Value Fund Class R6Franklin Templeton | 311 | $744M |
| Vanguard Federal Money Market Fund Investor SharesVanguard | 272 | $492M |
| Vanguard Small-Cap Index Fund Admiral SharesVanguard | 270 | $277M |
| Eupac Fund Class R-6Capital Group | 266 | $1.13B |
| Vanguard Growth Index Fund Admiral SharesVanguard | 261 | $589M |
| NEW World Fund INC Class R-6Capital Group | 249 | $414M |
| Vanguard Total International Stock Index Fund Admiral SharesVanguard | 239 | $402M |
| PIMCO Income Fund InstitutionalPIMCO (Allianz) | 233 | $322M |
See all 5,781 funds with Pro. Pro names every plan, with dollars and dates.
Most dropped funds
| Fund | Plans | Value |
|---|---|---|
| Vanguard 500 Index Fund Admiral SharesVanguard | 587 | $2.81B |
| Fidelity 500 Index FundFidelity (FMR) | 585 | $13.4B |
| Eupac Fund Class R-6Capital Group | 401 | $2.20B |
| Vanguard Mid-Cap Index Fund Admiral SharesVanguard | 293 | $446M |
| VanguardVanguard | 275 | $3.76B |
| Blackrock MID CAP Growth Equity Portfolio Class KBlackRock | 273 | $684M |
| MFS Value Fund R6MFS (Sun Life) | 272 | $897M |
| Eupac FundCapital Group | 242 | $1.61B |
| Vanguard Small-Cap Index Fund Admiral SharesVanguard | 223 | $360M |
| JPMorgan Equity Income Fund Class R6JPMorgan | 222 | $745M |
| Vanguard Total Bond Market Index Fund Admiral SharesVanguard | 222 | $434M |
| Vanguard Total International Stock Index Fund Admiral SharesVanguard | 208 | $341M |
| Vanguard International Value Fund Investor SharesVanguard | 193 | $390M |
| American FundsCapital Group | 168 | $709M |
| Vanguard Total Stock Market Index Fund Admiral SharesVanguard | 168 | $658M |
See all 5,441 funds with Pro. Pro names every plan, with dollars and dates.
Mutual fund to collective trust, by manager
Same strategy and manager, new vehicle. Year-end 2025 value.
| Manager | Plans | Value |
|---|---|---|
| Vanguard | 184 | $80.8B |
| Fidelity (FMR) | 242 | $32.3B |
| T. Rowe Price | 233 | $12.4B |
| Capital Group | 129 | $11.1B |
| BlackRock | 79 | $7.37B |
| JPMorgan | 73 | $3.71B |
| State Street (SSgA) | 28 | $2.74B |
| Principal | 48 | $988M |
| TIAA (Nuveen) | 43 | $950M |
| Harbor Capital | 31 | $664M |
| PIMCO (Allianz) | 33 | $640M |
| MFS (Sun Life) | 69 | $504M |
| Franklin Templeton | 68 | $379M |
| John Hancock (Manulife) | 27 | $355M |
| Charles Schwab | 17 | $308M |
Target-date switches
The plan's largest target-date series moved to another manager.
| Plan | Year-end value |
|---|---|
| Salesforce 401(k) PlanOver $1B | $4.35B to $5.40B |
| MaineHealth 403(b) Retirement PlanOver $1B Yourpath 2030 Conservative to Vanguard Target Retirement 2035 Fund Investor SharesFrom a custom series (no manager named) | $1.33B to $1.70B |
| Keurig Dr Pepper 401(k) PlanOver $1B | $1.36B to $1.51B |
| The Estee Lauder Companies 401(k) Savings PlanOver $1B | $1.28B to $1.45B |
| Andersen 401(k) PlanOver $1B | $957M to $966M |
See all 1,453 plans (1,453 changes) with Pro. Pro names every plan, with dollars and dates.
Stable value and insurance contract lines, renames and class changes are not counted. Left out here: 8,494 stable value or insurance lines, 28,055 renames.