Index mutual fund

A type of mutual fund that seeks to track the performance of a particular market index by buying and holding all or a representative sample of the securities that appear in the index, in the same proportions as their index weightings. Because these funds do not require active management and have low turnover of securities in the portfolio, they often have lower expenses than actively managed funds. Source: Vanguard

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Here’s the Average 401(k) Rate of Return (Plus Expenses)

Something like 5% or 6% a year is reasonable, and long-term returns from 10 big mutual funds often found in 401(k) retirement plans show you could make even more than that.