I'm 32 and I've been with this company for 5 years now. They use Vanguard for the sponsored 401(k) plans for employees. I knew nothing (and still don't really) about 401(k) other than to take full advantage of company match, which I have done since the beginning.
Since I first signed up, I've been on the Vanguard Target Rertirement 2045 Fund, which assumes retirement between 2043 and 2047, 62-66 yrs old.
I chose one of their target retirement plans because a couple of people here at the time told me it was the easiest and most hands-off way to do a 401(k). It has been hands-off for sure. All I have done is set the percent of pre-tax paycheck I want to contribute.
Am I doing it right? Have I picked a good plan? Or if I did something wrong what do i need to change? I feel like I read about people tweaking or customizing their 401(k), but I don't want to tinker with something I don't know anything about.
Here's a link to Vanguard's description of the type of 401(k) fund I have... LINK