"Defined contribution money managers posted record assets under management last year of $5.95 trillion, up 8.6% from 2015 ... DC plan assets managed internally by the managers rose to $5.25 trillion, an increase of 9.5%.... [M]oney managers that gained the most did so thanks to their arsenals of passively managed funds, which have become attractive to sponsors in search of lower-cost alternatives to actively managed investments. Target-date funds also boosted AUM among money managers."  MORE >>