Navigating new employer's 401K investment options

I switched employers about 9 months ago, and never thought to check my underlying investments until taking this course - I assumed all Target Date funds were created equal! Silly me. With my new employer, fees on the Target Date funds are 0.46% (versus old employer was 0.05%), and there’s a good chunk (~3%) sitting in cash.

I do have the option of manually selecting investments (rather than choosing the Target Fund), and there are a few that look promising: large cap stock, mid cap stock, bonds, all with “index” in the name and fees ranging from 0.01-0.05%. Does it make sense to manually switch my allocations to these investments? Foreign options are more limited (only two, ranging from 0.46-0.61% fees), is that increase in fees worth the diversification? Happy to provide more specifics as needed, these are all Fidelity accounts.

Thanks in advance for the help!

I’ll cover this in tonight’s office hours (3/24/2021) with the recording available afterwards on the course site!

If you’re not signed up for office hours, you can sign up here.