Lineup changes, 2024 to 2025
Changes between the 2024 and 2025 filings of 2,720 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) | +48 | 174 | 126 |
| Goldman Sachs | +35 | 96 | 61 |
| JPMorgan | +18 | 124 | 106 |
| Janus Henderson | +14 | 23 | 9 |
| Allspring | +11 | 35 | 24 |
| Northern Trust | +10 | 65 | 55 |
| Voya | +10 | 15 | 5 |
| Aon | +9 | 31 | 22 |
| Dimensional | +9 | 41 | 32 |
| Morgan Stanley | +8 | 30 | 22 |
| Mesirow | +8 | 9 | 1 |
| PIMCO (Allianz) | +7 | 96 | 89 |
| Arrowstreet Capital | +7 | 11 | 4 |
| Franklin Templeton | +7 | 44 | 37 |
| Causeway Capital | +7 | 10 | 3 |
See all 126 managers with Pro. Pro names every plan, with dollars and dates.
Managers with the most net losses
| Manager | Net plans | Plans adding | Plans dropping |
|---|---|---|---|
| Artisan Partners | -30 | 13 | 43 |
| Capital Group | -28 | 36 | 64 |
| Invesco | -22 | 39 | 61 |
| Affiliated Managers Group | -14 | 3 | 17 |
| T. Rowe Price | -14 | 26 | 40 |
| BlackRock | -13 | 207 | 220 |
| State Street (SSgA) | -13 | 85 | 98 |
| Marsh McLennan (Mercer) | -12 | 21 | 33 |
| TCW | -11 | 12 | 23 |
| Federated Hermes | -10 | 37 | 47 |
| AllianceBernstein | -10 | 13 | 23 |
| MassMutual | -10 | 2 | 12 |
| Macquarie / Nomura | -10 | 4 | 14 |
| William Blair | -9 | 2 | 11 |
| Victory Capital | -8 | 14 | 22 |
Most added funds
| Fund | Plans | Value |
|---|---|---|
| Jpmorgan Chase & COJPMorgan | 32 | $124M |
| Fidelity 500 Index FundFidelity (FMR) | 14 | $372M |
| Fidelity Global ex U.S. Index FundFidelity (FMR) | 14 | $92.2M |
| U.S. Real Estate Investment Fund, LLC | 13 | $284M |
| PIMCO Income Fund InstitutionalPIMCO (Allianz) | 12 | $31.2M |
| Schwab Charles CorpCharles Schwab | 12 | $21.0M |
| Goldman Sachs Group IncGoldman Sachs | 11 | $15.1M |
| Pooled Separate Accounts PrincipalPrincipal | 9 | $63.9M |
| Vanguard Total International Stock Index Fund Institutional SharesVanguard | 8 | $141M |
| iShares Core S&P 500 ETFBlackRock | 8 | $123M |
| Northern Trust Short Term Investment FundNorthern Trust | 8 | $95.8M |
| Fidelity International Index FundFidelity (FMR) | 8 | $85.8M |
| Fidelity Mid Cap Index FundFidelity (FMR) | 8 | $84.2M |
| Harbor International Core FundHarbor Capital | 8 | $39.9M |
| PIMCO Long-Term Credit Bond FundPIMCO (Allianz) | 7 | $103M |
See all 479 funds with Pro. Pro names every plan, with dollars and dates.
Most dropped funds
| Fund | Plans | Value |
|---|---|---|
| Jpmorgan Chase & COJPMorgan | 15 | $23.1M |
| Eupac Fund Class R-6Capital Group | 13 | $67.3M |
| Fidelity 500 Index FundFidelity (FMR) | 12 | $97.4M |
| CF Mercer Global Low Volatility Equity PortfolioMarsh McLennan (Mercer) | 12 | $27.0M |
| Eupac FundCapital Group | 11 | $44.5M |
| Schwab Charles CorpCharles Schwab | 11 | $4.7M |
| Dodge & Cox International Stock FundDodge & Cox | 10 | $41.8M |
| iShares Core S&P 500 ETFBlackRock | 9 | $59.1M |
| Vanguard Institutional Index Fund Institutional SharesVanguard | 8 | $246M |
| iShares Core MSCI EAFE ETFBlackRock | 8 | $88.0M |
| Principal U.S. Property Separate AccountPrincipal | 8 | $79.2M |
| Vanguard Total Bond Market Index FundVanguard | 8 | $41.8M |
| Pooled Separate Accounts PrincipalPrincipal | 8 | $32.8M |
| Vanguard Ftse Developed Markets ETFVanguard | 8 | $23.1M |
| Mercer Global Low Volatility Equity FundMarsh McLennan (Mercer) | 8 | $11.0M |
See all 435 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 | 3 | $921M |
| BlackRock | 6 | $314M |
| BNY | 1 | $64.3M |
| Principal | 2 | $63.6M |
| State Street (SSgA) | 1 | $49.5M |
| JPMorgan | 4 | $47.1M |
| Causeway Capital | 1 | $46.4M |
| Northern Trust | 1 | $45.4M |
| Invesco | 1 | $24.4M |
| Fidelity (FMR) | 4 | $15.9M |
| Marsh McLennan (Mercer) | 3 | $15.2M |
| Prudential (PGIM) | 1 | $13.6M |
| Wellington | 1 | $11.3M |
| PIMCO (Allianz) | 2 | $9.7M |
| Franklin Templeton | 1 | $4.9M |
Target-date switches
The plan's largest target-date series moved to another manager.
None.
Stable value and insurance contract lines, renames and class changes are not counted. Left out here: 268 stable value or insurance lines, 1,135 renames.