To embed, copy and paste the code into your website or blog: If you ever want to know what the top mutual funds were 3-5 years ago, you can look at the mutual fund lineup of many 401(k) plans today. While it may sound like a joke, it isn’t. Too many 401(k) plans don’t have a financial advisor or don’t have a competent financial advisor who helps them manage the fiduciary process in pruning the mutual funds that were yesterday’s winners. I’ve been in this business long enough to remember when everyone wanted to be In Janus Twenty and every other Janus fund out there (which back in 1998-2000, pretty much had the same investments in each fund) as well as when American Funds was the big deal.