advice on these Voya funds for 401K?

[BZB]

Mr. BZB's company was bought and the new company offers a 401K through ING (now Voya). He is fully vested and matching is 1.5% of gross annual salary, (1.5% of $52,000 = $780).
This is our first chance to have a 401K for Mr. BZB, and the choices look crummy because of high fees and I can't find a total market index fund. He has had a Traditional IRA for about 15 years, invested in Vanguard Total Market Index fund.

Should we just invest enough to get the match, and then invest in taxable investment accounts in addition to his IRA? Below are the lowest expense funds available.

Fund Name   Fund Symbol   Expenses                                    
ING index plus smallcap portfolio - class i   IPSIX   ?   Net Expense Ratio: Annual Report   12/31/2013   0.49%   Net Expense Ratio: Prospectus   11/21/2014   0.49%   Management Actual   0.40%   Management Maximum   0.40%   12b-1 Actual   —   Administrative Maximum   0.06%
                                          
Mutual Fund Quote: Voya Index Plus MidCap I      IPMIX      Net Expense Ratio: Annual Report   12/31/2013   0.49%   Net Expense Ratio: Prospectus   11/21/2014   0.49%   Management Actual   0.40%   Management Maximum   0.40%   12b-1 Actual   —   Administrative Maximum   0.06%
                                          
ING Index Plus LargeCap Portfolio - Class I   IPLIX      Net Expense Ratio: Annual Report   12/31/2013   0.44%   Net Expense Ratio: Prospectus   11/21/2014   0.44%   Management Actual   0.35%   Management Maximum   0.35%   12b-1 Actual   —   Administrative Maximum   0.06%
                                          
American Funds American Balanced R3   RLBCX      Net Expense Ratio: Annual Report   12/31/2013   0.94%   Net Expense Ratio: Prospectus   08/29/2014   0.94%   Management Actual   0.24%   Management Maximum   0.42%   12b-1 Actual   0.50%   Administrative Maximum   0.05%
                                          
MFS Massachusetts Investors Gr Stk R2   MIRGX      Net Expense Ratio: Annual Report   11/30/2013   1.00%   Net Expense Ratio: Prospectus   03/30/2014   1.00%   Management Actual   0.33%   Management Maximum   0.33%   12b-1 Actual   0.50%   Administrative Maximum   —
                                          
Voya Global Resources S   IGRSX      Net Expense Ratio: Annual Report   12/31/2013   0.89%   Net Expense Ratio: Prospectus   05/01/2014   0.89%   Management Actual   0.64%   Management Maximum   0.75%   12b-1 Actual   0.25%   Administrative Maximum   0.10%

[iamlindoro]

So, the costs definitely aren't ideal, but they're not as bad as some people are stuck with.  If you like the total market fund you have in the IRA, you could consider attempting to approximate it with these by mixing the small and large cap funds.

http://www.bogleheads.org/wiki/Approximating_total_stock_market

Looks like 88%/12% Large/Small might do the trick.

It sounds like your spouse's income is relatively low, so I'm not sure about your tax situation.  In general if you expect your post-retirement tax bracket to be lower, you should be putting more into 401k.  If you expect the post-retirement tax bracket to be the same or go up, it may make more sense to go Roth IRA after putting enough in to reach max matching.

[RyeWhiskey]

I looked up all the funds, however the latter three are too expensive. The three "index plus" funds are basically index clones, albeit less diversified. Any one of them would suffice to take the place of a true index - what does your IPS say? If you are going with a basic all-market index then you'd want to go with what iamlindoro said: 88/12 large/small to replicate the total market. You may consider 75/25 for simplicity's sake, or just dump it all in the mid-cap fund and call it a day.

Also, note that the last fund (IGRSX) is a natural resources fund which invests primarily in energy stocks. It is not diversified.

[BZB]

Thank you for your advice, iamlindoro and RyeWhiskey. I am looking for something to mimic total stock market index, so I will try for a mix that you suggested.