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!