Hi Gerry,
Great questions.
Is a Fixed Income Fund the same as a Bond Fund? The fund prospectus talks about investing in high quality bonds and wrap contracts. I don't know what wrap contracts are.
A bond is a type of a fixed income investment. But not all fixed income investments are bonds. Generally speaking, if you do not know what it is, you should not be investing in it. Google it!
Should I even put money into Fixed Income in my plan (it does have the 2nd highest fee) or should I leave that to a bond allocation in my IRA?
You have the right idea. You asset allocation should be across all your investments: tax-free (Roth), tax-deferred (401k, IRA) and taxable. If you have a better option within another type of your tax-deferred accounts, definitely look there first.
I've also thought about reducing my company stock to even 5% and locking in some gains. My total Stock Cost is reported as $9740 so thats $4000 in gains. I don't think our stock is going to go down anytime soon. Should I leave it alone or reduce this to 5%?
Reduce immediately. I would even advocate you dropping to zero. Your compensation is already tied to this company, so you might as well diversify. As an aside, there are no tax implications of re-balancing within your 401k, so pay no heed to gains or losses. Just make the right asset allocation decisions and you are set.
Small-cap has the highest fee. Should I just ignore it, along with Mid-cap, and stop trying to match VTSMX and just stick to S&P500 fund?
This goes back to the question of asset allocation across all of your accounts. If you have another option in another account, it is definitely an approach to consider. In my wife's 401k, as an example, she is only invested in the S&P 500, as we try to optimize across all accounts, bearing in mind fees.
