After taking the PFC Course I decided to finally take a look at my employer 403b account and understand where my money are invested. My 403b brokerage is TIAA.
Currently my funds are automatically invested in a TIAA access lifecycle fund 2055 T4 which has a very high expense ratio of 1.39%. Unfortunately not many options with low fees are availble. Switching to a three fund portfolio will be even more expensive. The only option is a TIAA CREF Social Choice Account (R1) which has an expense ratio 0.5%. I am hesitant of “getting out” of a target date fund because of its benefits (rebalancing and reassessment over time) but the expense ratio is quite high, and as if it wasn’t enough I am having a hard time to find information on morningstar on both of the funds.