My company is moving its 401k program to a new provider at the start of the new year. The funds that I currently use are not going to be available with the new provider, so I need your help to find replacements.
I work for a small company of around 100 employees. Under our current system, we have self-directed 401k accounts at the brokerage houses of our choosing (mine is with Fidelity). I have my money invested in the following two funds ( 60%/40% US/Intl ):
FSKAX (domestic) ER: 0.015%
FTIHX (international) ER: 0.06%
The new plan will be managed by fidelity, but will not offer the funds that I currently use. (TBH, I am kind of shocked that they are not offering FSKAX and FTIHX given how widely used and well known they are, but what do I know...) Instead, they are offering the following list of funds. Some of them are actively managed and most of them have higher expense ratios than I am comfortable with. I would like to find funds that are similar to FSKAX and FTIHX (low-cost, well-diversified index funds).
Funds offered under the new plan:
Code: Select all
Asset Class Fund Code Investment Name Annual Gross Expense Ratio
Bond 2418 Fidelity® Inflation-Protected Bond Index Fund 0.0005
Bond 2944 Fidelity® Total Bond K6 Fund 0.003
Bond 2326 Fidelity® U.S. Bond Index Fund 0.00025
Bond OIJ3 JPMorgan Government Bond Fund Class R6 0.0039
Domestic Equities OSX7 American Century Small Cap Value Fund R6 Class 0.0084
Domestic Equities OUBH American Funds American Mutual Fund® Class R-6 0.0027
Domestic Equities 2328 Fidelity® 500 Index Fund 0.00015
Domestic Equities 2945 Fidelity® Blue Chip Growth K6 Fund 0.0045
Domestic Equities 2352 Fidelity® Mid Cap Index Fund 0.00025
Domestic Equities 2957 Small Cap Growth K6 0.006
Domestic Equities 2358 Fidelity® Small Cap Index 0.00025
Domestic Equities OVKH MFS Mid Cap Growth Fund Class R6 0.007
Domestic Equities OSR1 MFS Mid Cap Value Fund 0.0068
Domestic Equities OIPN T. Rowe Price Dividend Growth Fund I Class 0.005
International/Global OK38 Columbia Emerging Markets Fund Institutional 3 Class 0.0111
International/Global 2348 Fidelity® Global ex U.S. Index Fund 0.00055
International/Global 2953 Fidelity® International Capital Appreciation K6 Fund 0.0065
Money Market (or Short Term) 3067 Fidelity® Government Money Market Fund - Class K6 0.0027
Specialty OL1K Cohen & Steers Realty Shares Fund Class Z 0.0087
Target Date 2989 Fidelity Freedom® 2005 Fund - Class K6 0.0037
Target Date 2990 Fidelity Freedom® 2010 Fund - Class K6 0.0038
Target Date 2991 Fidelity Freedom® 2015 Fund - Class K6 0.004
Target Date 2992 Fidelity Freedom® 2020 Fund - Class K6 0.0042
Target Date 2993 Fidelity Freedom® 2025 Fund - Class K6 0.0044
Target Date 2994 Fidelity Freedom® 2030 Fund - Class K6 0.0046
Target Date 2995 Fidelity Freedom® 2035 Fund - Class K6 0.0048
Target Date 2996 Fidelity Freedom® 2040 Fund - Class K6 0.005
Target Date 2997 Fidelity Freedom® 2045 Fund - Class K6 0.005
Target Date 2998 Fidelity Freedom® 2050 Fund - Class K6 0.005
Target Date 2999 Fidelity Freedom® 2055 Fund - Class K6 0.005
Target Date 3000 Fidelity Freedom® 2060 Fund - Class K6 0.005
Target Date 3417 Fidelity Freedom® 2065 Fund - Class K6 0.005
Target Date 3001 Fidelity Freedom® Income Fund - Class K6 0.0037
FSKAX:
Fidelity® 500 Index Fund
or
80% (Fidelity® 500 Index Fund) and 20% (Fidelity® Small Cap Index)
FTIHX:
Fidelity® Global ex U.S. Index Fund
Let me know what you think. Also, any idea why there are so few low-cost index funds in this selection? The TD funds are pretty expensive compared with Vanguard's TD funds.
Thanks in advance!