First time with 401k- help?

[kaleidoscopicalkris]

I recently was bumped up to full-time at my job and am now eligible for benefits, including 401k. The company will match 4% once I contribute 5%, but I'm not sure how to allocate it. I attatched the part of the page that lists my options for allocation- I'm currently leaning towards putting it all into the %6O T. Rowe Price Retirement 2050 R (I'm 20 years old right now), but I wanted to see if there was a better way to do it. Any suggestions or places I could research it for myself? I'm very inexperienced with investing of any sort and have to have this done and submitted by next Thursday. Thank you all in advance.

[Monocle Money Mouth]

You might want to find out what the expense ratios are for those funds. The S&P 500 fund will probably have decent rates, but I'm not familiar with that fund.

[MDM]

You might want to find out what the expense ratios are for those funds. The S&P 500 fund will probably have decent rates, but I'm not familiar with that fund.

+1

Also, recognize that mies is engaging in a bit of understatement - you need to find out what the expense ratios are for those funds if you want to make an informed choice.

If this is the index fund in question, and your plan offers it for the same 0.16% shown on that site, it may well be your best choice.  But do check all the fund fees.

[Monocle Money Mouth]

.16% is pretty sweet. My 401k S&P 500 fund from Principal charges .3% and that's the lowest cost fund my 401k offers. The target date fund usually have higher fees and don't necessarily perform better than a plain old S&P 500 index fund.