Thanks Okinawa Nathan for the good find:
Looks like the name of the game now is low fees with indexing. In response to this demand, Schwab just dropped a bomb on Vanguard’s model. Schwab just announced that starting 01 March 2017 they will only charge 0.03% for SWPPX making it cheaper than Vanguard’s S&P 500 index fund, but not as cheap as C Fund on TSP. Note this difference is just 0.001% or $10 per one million dollars. This is a good alternative for cheap indexing for all those non-military, non-GS workers with no access to TSP, great also if you are looking for a good cheap way to invest!
I am even considering moving over my Vanguard Roth-IRA since I am paying 0.05% for my Vanguard Admiral S&P 500 (VFIAX). This is quite the game changer for us normies, but if you have a workplace investment plan that lets you invest in Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) that is only 0.02%!
Better yet I could start my own fund, collect the $200,000,000 for the minimum investment for VIIIX and crush it. Who is interested? In the meantime I will stick with my new Schwab account and dump my MR points into my retirement at a cool 0.03% management fee.
Also don’t forget to use the MCCS Library to get free Morningstar reports.