Among asset managers that cater to mega defined contribution (DC) plan sponsors—those with plans of $500 million or more in assets—Vanguard leads the list. Factors that mega sponsors look for narrow the field of the 36 largest DC asset managers, placing Vanguard at the head of the pack. So says a new study by Cogent Research titled “Retirement Planscape 2011.”
The most important traits that mega sponsors look for are consistent investment performance, good value for the money, best-in-class portfolio and risk management, according to Cogent. Vanguard topped each category in the study, followed by PIMCO, Fidelity Investments, and T. Rowe Price. BlackRock was fifth on the list.