http://region10rams.org/school-government/
This is the website with the information. I have to go in next week to make elections. With the .65 in addition to the .17 fee from the vanguard fund that is still under 1%, the 3% comment is confusing me.
Wow!
I've got some great news for you. Your 457 plan options are not bad at all. In fact they're very close to ideal.
I would gladly trade my options (basically the all of Fidelity's low-cost index funds at my disposal ) for yours. Why? Dimensional fund advisors are the gold standard for Factor tilting. The problem is that to access them you usually have to employ an advisor which adds another one percent per annum to your investment costs.
If I were in your shoes I would fill up my 401(k) or 403B plan with plain-vanilla index funds like Vanguard total market and Vanguard total bond market funds.
Then I would load up my 457 plan with big time factor tilts. Like the DFA small-cap value fund, the DFA microcap fund, the DFA emerging markets value fund, etc. Vanguard is great at Capital weighted indexes but they are not so good at factor weighted indexes (so their small-cap value is neither very small or very value-ey. )
You should write your plan administrators a love letter. They nailed it!
Here's a nice reference reviewing which funds are best from DFA versus Vanguard:
http://www.altruistfa.com/dfavanguard.htmCongratulations and enjoy!