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> For example, as of year-end 2016 — the most recent information the Labor Department has on file — Borsheim's Fine Jewelry offered employees 71 investment options, virtually all of which (other than 10 Vanguard target date retirement funds) consisted of actively managed funds...

Wait, so they are complaining that there are only 10 vanguard low-fee funds as an option?

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My last company had a 401k managed by Vanguard and I don't think it had that many Vanguard funds, not counting the target retirement ones which were all clones of each other with different glide paths.

Target date funds aren’t index funds, and have higher fees.

For all intents and purposes they're the same. My Vanguard Target Retirement 401k charges 0.05% and invests in Vanguard index funds for Total Stock Market, Total International Stock Market, Total Bond Market, and Total International Bond Market. My Vanguard S&P 500 fund charges 0.04% and my Total International Stock Market charges 0.11%. (For comparison, typical actively-managed funds charge about a percent.)

In many cases you may actually pay less in fees because you can get Institutional shares instead of Individual ones.

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