A few big money managers have increasingly dominated market share in the 401(k) business over the past few years, but the consolidation is expected to slow, an industry expert said.

Peter H. Starr, a consultant with Cerulli Associates Inc., Boston, said the companies that lead the market-such as Fidelity Investments, Vanguard Group, and State Street Corp.-are increasingly giving 401(k) participants access to other fund families.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.