Hi! I am enrolling in my company’s 401K plan and am a bit confused on the fund selection.
They offer several Vangaard Index funds (yay!) but the one I think I want to select looks a little different than the one I’m using for my Roth IRA because it has “Instl” added to it - the specific fund I am considering is VIVLX which is Vanguard Instl Trgt Retire 2055 Instl (https://www.morningstar.com/funds/XNAS/VIVLX/quote)
Versus the one I’m familiar with is VTTSX which is a Target Retirement fund for 2060, without the “Instl” added.
My question is - what is that “Instl” part about and is that fund an okay choice to select for my 401K investments?
All of the target date options on my 401K have that on them.