Reply To: Fees on my 401k
Take a look at Fidelity’s Freedom Funds, specifically the Fidelity Freedom Index Funds, and find the one with a year close to when you plan to retire: https://www.fidelity.com/mutual-funds/fidelity-fund-portfolios/freedom-funds
The funds will start around a 90/10 split of equities to bonds when you’re young, attempting to cover the market as a whole, and grow more conservative as you approach retirement age.
The “Index” versions of the funds are passively managed and have very low fees. The Fidelity Freedom Index 2050 Fund, for example, has a 0.16% net expense ratio: https://fundresearch.fidelity.com/mutual-funds/summary/315793869
These funds are designed to be the only thing you’d need to have in your account to get a well diversified, low cost, automatically rebalanced portfolio that grows more conservative as you approach retirement.