A twenty something needing your help selecting retirement investments . . .

[bigskyrookie]

I am looking for some investing guidance and feedback. I am a new participant in two workplace retirement accounts. One is my Deferred Compensation Roth 403b plan and the other is my Pension Defined Contribution account. I am in my mid-twenties and therefore I am looking for investments for the long haul. I am hoping to get feedback on my allocation and fund selections. I desire an asset allocation as follows:

40%-45% International Stock

45%-50% U.S. Stock

5%-15% Bonds

Currently I contribute 300 dollars a month to my Roth 403b plan and roughly 300 dollars a month to my pension (including employers contribution. Below I have laid out my current investments for each plan followed by the fund options for each account.  Please share with me your thoughts on my choices. Thank you!
 
My Deferred Compensation ROTH 403b choices:
                                                                        Expense Ratio
Dodge & Cox International Stock     30%    DODFX         .64
Oppenheimer Developing Markets Y 15%    ODVYX         1.07
Vanguard Small Cap Growth Index  20%    VISGX                   .24
Calvert Equity Portfolio A               10%     CSIEX            1.23
Fidelity Contrafund                        15%     FCNTX         .67
PIMCO Total Return Admin             10%     PTRAX         .71

Options under the plan:

                   
T. Rowe Price Retirement  Fund (Target date funds 2005- 2055)         .76
T. Rowe Price Retirement Income Fund                          TRRIX         .57
American Funds New Perspective R4   International   RNPEX                 .80
Artisan International Inv   International                         ARTIX         1.20
Dodge & Cox International Stock   International          DODFX         .64
Franklin Mutual Global Discovery Z   International      MDISX                .98
Oppenheimer Developing Markets Y   International    ODVYX                1.07
Vanguard Small Cap Growth Index   Small Cap              VISGX         .24
Vanguard Small Cap Index Fund - Admiral   Small Cap   VSMAX         .09
MFS Mid Cap Value R5   Mid Cap                                      MVCKX         .89
Victory Munder Mid-Cap Core Growth A   Mid Cap    MGOAX                1.38
Neuberger Berman Genesis Fund - Trust   Mid Cap   NBGEX                 1.11
Calvert Equity Portfolio A   Large Cap                           CSIEX         1.23
Fidelity Contrafund   Large Cap                                     FCNTX         .67
Vanguard Equity-Income Adm   Large Cap                VEIRX                  .21
Vanguard Institutional Index I   Large Cap               VINIX            .04
Vanguard Balanced Index Fund - Inst'l   Balanced   VBAIX                 .08
Neuberger Berman High Income Bond Inv   Bond   NHINX                 .84
PIMCO Total Return Admin   Bond                            PTRAX                 .71


My Pension Defined Contribution choices:

MFS Mid Cap Value R5               10%            MVCKX            .89
American Funds New Perspective A      20%   ANWPX               .80
Oakmark International  I            20%           OAKIX            .98
Prudential Total Return Bond Q         8%     PTRQX            .46
Vanguard Small Cap Index Fund- Admiral    15%   VSMAX         .09
Alger Capital Appreciation Z          15%     ACAZX               .93
Vanguard Balanced Index Fund – Inst’l      12%   VBAIX         .08

Options under the plan:


T. Rowe Price Retirement  Fund (Target date funds 2005- 2055)      .67
T. Rowe Price Retirement Income Fund   Asset Allocation   TRRIX      .57
American Funds New Perspective A   International   ANWPX         .79
Oakmark International I                   International   OAKIX         .98
Oppenheimer Developing Markets Y   International   ODVYX         1.07
Vanguard Total Intl Stock Index Inv   International   VGTSX         .22
Target Small Capitalization Value T   Small Cap           TASVX      .68
Vanguard Small Cap Growth Index   Small Cap          VISGX         .24
Vanguard Small Cap Index Fund - Admiral   Small Cap   VSMAX      .09
MFS Mid Cap Value R5   Mid Cap                           MVCKX         .89
Victory Munder Mid-Cap Core Growth A   Mid Cap   MGOAX         1.38
Alger Capital Appreciation Z   Large Cap                   ACAZX         .93
BlackRock Equity Index - Collective F   Large Cap               .04
JPMorgan US Equity R5   Large Cap                           JUSRX         .56
Vanguard Equity-Income Adm   Large Cap                   VEIRX      .21
Vanguard Balanced Index Fund - Inst'l     Balanced           VBAIX      .08
Prudential Total Return Bond Q   Bond                           PTRQX      .46

[nereo]

Hi Bigskyrookie

You've just listed a crapload of potential options and a broad "what should I invest in" - I suspect that's why you've had 0 responses so far.

to start the discussion, you should first decide what you want your "Asset Allocation" (AA) to be.  This is a very personal choice and depends on things like your investing time-line, your risk tolerance (can you stomach periodic 20-30% drops in exchange for 20-30% surges, or do you like something a bit less volatile). 
Fees are very important, and you provided no information on what the fees are for each of these options.

Answer those questions and we might be able to offer more suggestions.
One observation - under your current 403(b) you seem heavily invested in foreign and small cap markets.  I susept several of those funds have very high fees.    I am a big fan of more simplicity, low fees, and broad-market index funds (like an SP500 fund or a total market fund).

Good to hear you are looking into these thingds in your mid20s - you are already ahead of the pack.
N

[wtjbatman]

What is your desired Asset Allocation and how long until you retire? Also, please edit your original post to include fund fees (expense ratios) for each of the funds.

Regardless of your answers to the above, you will likely want to change your investments within both the 403b and pension.