Looking for some advice on my 401k options. First a little background on where I am... I'm currently 23 and making $52,000 gross (more than I ever dreamed possible), I've already maxed out my Roth IRA this year, paid off all of my student loan debt (6.8%), and have a comfortable enough emergency fund. I haven't yet started my 401k, because I didn't like my options, there is no match, and until a few weeks ago I had other great options in front of me. Also if it matters at all, I'm looking to sock $200 in the 401k weekly.
Any advice based on the funds offered through my plan?
- Fidelity Freedom 2050 Fund 0.77%
- Wells Fargo Advantage Heritage Money Market 0.2%
- Dreyfus Bond Market Index 0.4%
- Dodge & Cox Stock 0.52%
- Wells Fargo Advantage Index 0.75%
- Fidelity Contrafund 0.81%
- Perkins Mid Cap Value Fund 1%
- American Funds Growth Fund of America 0.68%
- American Beacon Small Value Plan 1.17%
- JPMorgan Small Cap Equity Select 1%
- Fidelity Diversified International 0.9%
Given my limited knowledge, I think the best bet is Dodge & Cox or the Wells Fargo Advantage Index. D&C has a lower expense ratio, but WFIRX probably follows the S&P 500 more closely. Also the plan is through Wells Fargo, and I'm not sure what account/maintenance/trading fees there are.
Any insight is greatly appreciated, thanks!