Institutionally priced mutual funds are gaining traction among large plan sponsors, demonstrated by the growth in R6 mutual fund share classes, or share classes designed specifically for large and mega DC plans, according to new findings by New York-based research shop Strategic Insight.

As of March 2012, R6 share classes held $64 billion in assets. Collective investment funds, which can be less expensive than ’40 Act mutual funds, are benefiting from improvements in reporting driven by participant fee disclosure regulations.

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