Looking for your help selecting retirement account funds!

[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. 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:

Dodge & Cox International Stock     30%    DODFX
Oppenheimer Developing Markets Y    15%    ODVYX
Vanguard Small Cap Growth Index    20%    VISGX
Calvert Equity Portfolio A               10%     CSIEX
Fidelity Contrafund                  15%    FCNTX
PIMCO Total Return Admin             10%     PTRAX

Options under the plan:

T. Rowe Price Retirement 2005 Fund                          TRRFX
T. Rowe Price Retirement 2010 Fund                          TRRAX
T. Rowe Price Retirement 2015 Fund                          TRRGX
T. Rowe Price Retirement 2020 Fund                          TRRBX
T. Rowe Price Retirement 2025 Fund                          TRRHX
T. Rowe Price Retirement 2030 Fund                          TRRCX
T. Rowe Price Retirement 2035 Fund                          TRRJX
T. Rowe Price Retirement 2040 Fund                          TRRDX
T. Rowe Price Retirement 2045 Fund                          TRRKX
T. Rowe Price Retirement 2050 Fund                          TRRMX
T. Rowe Price Retirement 2055 Fund                          TRRNX
T. Rowe Price Retirement Income Fund                           TRRIX
American Funds New Perspective R4   International   RNPEX
Artisan International Inv   International                    ARTIX
Dodge & Cox International Stock   International           DODFX
Franklin Mutual Global Discovery Z   International   MDISX
Oppenheimer Developing Markets Y   International    ODVYX
Vanguard Small Cap Growth Index   Small Cap           VISGX
Vanguard Small Cap Index Fund - Admiral   Small Cap   VSMAX
MFS Mid Cap Value R5   Mid Cap                           MVCKX
Victory Munder Mid-Cap Core Growth A   Mid Cap    MGOAX
Neuberger Berman Genesis Fund - Trust   Mid Cap   NBGEX
Calvert Equity Portfolio A   Large Cap                   CSIEX
Fidelity Contrafund   Large Cap                           FCNTX
Vanguard Equity-Income Adm   Large Cap           VEIRX
Vanguard Institutional Index I   Large Cap           VINIX
Vanguard Balanced Index Fund - Inst'l   Balanced   VBAIX
Neuberger Berman High Income Bond Inv   Bond   NHINX
PIMCO Total Return Admin   Bond                            PTRAX
Montana Fixed Fund   Fixed   


My Pension Defined Contribution choices:

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

Options under the plan:

T. Rowe Price Retirement 2005 Fund   Asset Allocation  TRRFX
T. Rowe Price Retirement 2010 Fund   Asset Allocation    TRRAX
T. Rowe Price Retirement 2015 Fund   Asset Allocation    TRRGX
T. Rowe Price Retirement 2020 Fund   Asset Allocation   TRRBX
T. Rowe Price Retirement 2025 Fund   Asset Allocation    TRRHX
T. Rowe Price Retirement 2030 Fund   Asset Allocation   TRRCX
T. Rowe Price Retirement 2035 Fund   Asset Allocation    TRRJX
T. Rowe Price Retirement 2040 Fund   Asset Allocation    TRRDX
T. Rowe Price Retirement 2045 Fund   Asset Allocation   TRRKX
T. Rowe Price Retirement 2050 Fund   Asset Allocation    TRRMX
T. Rowe Price Retirement 2055 Fund   Asset Allocation
TRRNX
T. Rowe Price Retirement Income Fund   Asset Allocation   TRRIX
American Funds New Perspective A   International   ANWPX
Oakmark International I                   International   OAKIX
Oppenheimer Developing Markets Y   International   ODVYX
Vanguard Total Intl Stock Index Inv   International   VGTSX
Target Small Capitalization Value T   Small Cap           TASVX
Vanguard Small Cap Growth Index   Small Cap          VISGX
Vanguard Small Cap Index Fund - Admiral   Small Cap   VSMAX
MFS Mid Cap Value R5   Mid Cap                           MVCKX
Victory Munder Mid-Cap Core Growth A   Mid Cap   MGOAX
Alger Capital Appreciation Z   Large Cap                   ACAZX
BlackRock Equity Index - Collective F   Large Cap   
JPMorgan US Equity R5   Large Cap                           JUSRX
Vanguard Equity-Income Adm   Large Cap                   VEIRX
Vanguard Balanced Index Fund - Inst'l     Balanced           VBAIX
Prudential Total Return Bond Q   Bond                           PTRQX
Montana Fixed Fund   Fixed         

[DavidAnnArbor]

I recommend sticking with the Vanguard options because the fees are usually the lowest.
For example, in your 403B, your option of Vanguard Institutional Index I Large Cap (VINIX), is essentially the S&P 500 Index fund, and has an extremely low expense ratio of 0.04%
Your defined contribution pension has Vanguard Total Intl Stock Index Inv International ( VGTSX) which probably will have a much lower expense ratio than the Oakmark International.
Index funds usually outperform actively managed funds while simultaneously having lower expense ratios than actively managed funds.

[Rpesek6904]

You left out the expense ratios which is a very important, if not the most important, factor. You should list the top 10 lowest cost options and then people can help you choose between those.

[Rpesek6904]

Also, you might ask this question over in the "Ask a Mustachian" forum. I bet you get more responses.

[GardenFun]

You left out the expense ratios which is a very important, if not the most important, factor. You should list the top 10 lowest cost options and then people can help you choose between those.

My first thought too.  That's being said, here's key aspects to look for:

- Expense ratios below 0.25%
- Names like Vanguard, Fidelity
- Index Funds

Also, think of your 403b and pension as one retirement account, meaning you pick the best funds from each and don't try to "diversify" each of them individually.  Here's my suggestions:

403B: 
Vanguard Institutional Index - VINIX - 100%

Pension:
Vanguard Total International Stock Index - VGTSX - 50%
Vanguard Small Cap Index - VSMAX - 50%

Your overall retirement savings would then be:
- 50% Large Cap
- 25% Small Cap
- 25% International

Some of the other funds (i.e. Dodge & Cox) are very good and worth researching in the future.  But for starting out, I would suggest the approach above.