I spent the day in a Trustee Meeting for TAG's 401(k) Plan. A few factoids regarding the Plan (in continuous operation since April, 1995): ...
Total Assets -- $149 million
Total Participants -- 2250
Top Five Funds in Plan
1) SAGIC (bond fund)
2) PIMCO Total Return
3) Select Indexed Equity
4) EuroPacific Growth
5) Gabelli Small Growth
What's remarkable to me is that none of the Vanguard Target Retirement Funds are in the Top Five, even though they're the lowest cost options in the Plan.
The Vanguard funds cost participants from 17 to 19 basis points in administrative costs. (That's less than one fifth of a percent, if you're wondering.)
The next least costly option is Northern Trust's Select Indexed Equity Fund (a large cap domestic stock mutual fund that's the Plan's third most popular.) It costs 21 basis points (just over a fifth of a percent.)
Whenever I'm out in the studios, I have a bag of 401(k) books slung over my shoulder. So if you see me and want to enroll, just ask for a book. Enrollment deadlines are the first of each month.