I started with a new company with a 401k that consists entirely of socially responsible funds with high expense ratios, except for one: Tiaa-Cref Social Choice Equity Inst (TISCX). The ER is .18, it is a mutual fund, and its primary holdings are:
Microsoft ............................................................. 5.21%
Tesla ................................................................... 1.67%
NVIDIA ................................................................ 1.51%
The Home Depot ................................................. 1.28%
Procter & Gamble................................................ 1.26%
Mastercard .......................................................... 1.24%
PayPal Holdings .................................................. 1.15%
Adobe .................................................................. 1.14%
Walt Disney ......................................................... 1.09%
Cisco Systems .................................................... 1.02%
It says "The Fund seeks a favorable long-term rate of return. The Fund attempts to track the return of the U.S. stock market as represented by its benchmark, the Russell 3000 Index, while investing only in companies whose activities are consistent with the Funds social criteria."
Seems good...?
I posted this on r/personalfinance and someone said they suspected this narrow range of fund options was a violation of the employer's fiduciary responsibilities. I'm curious what you clever people's opinions are.