Look for hidden expenses
Not all index funds are low cost, and not all target date funds are created equal, Barringer says. Check the fund fact sheets for information on underlying expense ratios, risk and portfolio construction.
Does the target date align with your own personal goals? Not everyone wants to retire at 65, after all. And if the fees seem high, take it up with HR.
“The company should have your best interest in mind and not the person selling the 401(k) platform,” Barringer says.