The "Mutual Fund Expense" is Vanguard's fee, and should be noticeably higher for the managed funds than it is for the index funds.
Well, going over the information, I guess I can answer my own question about index vs. managed.
The MFE for all Vanguard options:
1. Windsor II Adm/Large Cap Value...0.28%
2. 500 Index Admiral/Large Cap Blend...0.05%
3. Morgan Growth Adm/Large Cap Growth...0.26%
4. Extd. Mkt Idx Adm/Mid Cap Blend...0.10%
5. Sm Cap Idx Adm/Small Cap...0.09%
6. Wellington Adm/Balanced...0.18%
So based on these, Options 2, and 5 are the lowest. I would assume those are Index? I just didn't see any info on each funds information page for the MorningStar Investment Profile that distinguished between a managed vs. Index fund.
As an aside, that 0.94% in broker charges is goddamned highway robbery! IMO, it's entirely possible that your plan sponsor is literally breaching their fiduciary responsibility and should be sued.
I agree with you on that. However, this is my Wife's employer and and there isn't much I can do personally about it. I'm the one setting up the account allocation for her because she doesn't know how to do it or why. And yes, I have gone over investing with her and she agrees to doing it, but she is leaving those decisions up to me. Hence, the main reason I am asking advice on how to best navigate her employers fees to give us the best option. I know they are taking advantage of their employees. They are a credit union after all. I had another thread pertaining to this issue a month or so back and from that I decided to not roll her old employer 401k into this new company. I have already rolled it over to Vanguard IRA. However, we still need to invest in her employee 401k for all the same reasons anyone else would, namely, tax advantage. Just trying to make sure we invest in the right index funds and not get blind sided, as I'm sure the rest of her company employees are experiencing without even realizing it.