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Hmm. Both Google and my fund options page at Vanguard list the Total Stock Market Index as having a 0.17% expense ratio:

https://www.google.com/finance?q=MUTF:VTSMX

Are we talking about different things?

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He was probably talking about VTSAX. A different class of shares within the same fund, which has a $10,000 investment minimum.

Yeah, I was talking about VTSAX. VTSMX is a newer product that Vanguard offers. It has a $3000 minimum balance... but a higher expense ratio. If you can afford the $10,000 initial deposit, you should always go VTSAX over VTSMX.

Is VTSAX ever available as an option in a 401k plan?

Its not on my plan either :-p So don't feel bad about it. My plan is closer to a 0.19% expense ratio.

I hear of people in other jobs who do in fact have VTSAX in their 401k plan, but its obviously on a case-by-case basis, and highly depends on your employer's choices.

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