As a 3(38) fiduciary under the Employee Retirement Income Security Act of 1974 and an SEC Registered Investment Advisor, Gusto Retirement Services, LLC has strict standards of conduct, responsibility, and obligations. We are legally – and morally – obligated to make prudent and measured investment decisions that are in our 401(k) plans' and their participants’ best interests. These same principles apply to those who choose our IRA products.
Gusto Investment Services, LLC’s investment committee is responsible for routinely monitoring our fund menu to ensure each selected fund continues to serve the best interests of our clients.
When you set up your retirement account, you’ll complete a short questionnaire to assess your risk tolerance and saving timeline, among other factors. Based on your answers, we’ll then present you with one of our six managed portfolios, ranging from conservative to very aggressive. Alternatively, you can build your own custom portfolio from our full investment fund menu.
We offer a wide range of low-cost mutual funds with a variety of strategies chosen to help you diversify your portfolio and meet your retirement goals. We also look for funds that aim to minimize fees, which we believe could negatively affect your investment portfolio’s performance.
Below is a list of our current investment fund menu.
Ticker
Fund name
VTSAX
Vanguard Morningstar Total Stock Market Index Fund Admiral Shares
Ticker
Fund name
VFIAX
Vanguard 500 Index Fund Admiral Shares
VIGAX
Vanguard Morningstar Growth Index Fund Admiral Shares
VLCAX
Vanguard Morningstar Large-Cap Index Fund Admiral Shares
VVIAX
Vanguard Morningstar Value Index Fund Admiral Shares
VDADX
Vanguard Dividend Appreciation Fund Admiral Shares
VHYAX
Vanguard High Dividend Yield Index Fund Admiral Shares
VFTAX
Vanguard FTSE Social Index Fund Admiral Shares
Ticker
Fund name
VIMAX
Vanguard Morningstar Mid-Cap Index Fund Admiral Shares
VEXAX
Vanguard Extended Market Index Fund Admiral Shares
VMGMX
Vanguard Morningstar Mid-Cap Growth Index Fund Admiral Shares
VMVAX
Vanguard Morningstar Mid-Cap Value Index Fund Admiral Shares
Ticker
Fund name
VSMAX
Vanguard Morningstar Small-Cap Index Fund Admiral Shares
VSGAX
Vanguard Morningstar Small-Cap Growth Index Fund Admiral Shares
VSIAX
Vanguard Morningstar Small-Cap Value Index Fund Admiral Shares
Ticker
Fund name
VTMGX
Vanguard Developed Markets Index Fund Admiral Shares
VPADX
Vanguard Pacific Stock Index Fund Admiral Shares
VTIAX
Vanguard Total International Stock Index Fund Admiral Shares
VFWAX
Vanguard FTSE All-World ex-US Index Fund Admiral Shares
VEUSX
Vanguard European Stock Index Fund Admiral Shares
VFSAX
Vanguard FTSE All-World ex-US Small Capital Index Fund Admiral Shares
VIAAX
Vanguard International Dividend Appreciation Index Fund Admiral Shares
Ticker
Fund name
VEMAX
Vanguard Emerging Markets Stock Index Fund Admiral Shares
Ticker
Fund name
VBTLX
Vanguard Total Bond Market Index Fund Admiral Shares
VBILX
Vanguard Intermediate-Term Bond Index Fund Admiral Shares
VBIRX
Vanguard Short-Term Bond Index Fund Admiral Shares
VBLAX
Vanguard Long-Term Bond Index Fund Admiral Shares
Ticker
Fund name
VTAPX
Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares
Ticker
Fund name
VTABX
Vanguard Total International Bond Index Fund Admiral Shares
Ticker
Fund name
VGRLX
Vanguard Global ex-U.S. Real Estate Index Fund Admiral Shares
VGSLX
Vanguard Real Estate Index Fund Admiral Shares
Ticker
Fund name
VENAX
Vanguard Energy Index Fund Admiral Shares
VFAIX
Vanguard Financials Index Fund Admiral Shares
VHCIX
Vanguard Health Care Index Fund Admiral Shares
VINAX
Vanguard Industrials Index Fund Admiral Shares
VITAX
Vanguard Information Technology Index Fund Admiral Shares
VMIAX
Vanguard Materials Index Fund Admiral Shares
VTCAX
Vanguard Communication Services Index Fund Admiral Shares
VUIAX
Vanguard Utilities Index Fund Admiral Shares
Ticker
Fund name
VMFXX
Vanguard Federal Money Market Fund
For additional information on each fund, including expense ratios, share price, and historical returns, visit the fund details page.
We do not currently offer Bitcoin or other cryptocurrency investments. As an Employee Retirement Income Security Act (ERISA) 3(38) fiduciary and a Registered Investment Adviser (RIA), Gusto Investment Services has a responsibility to act in the best interest of Gusto 401(k) plan participants. These same principles also guide our Gusto IRA fund decisions.
Crypto can be a highly speculative and volatile asset class, meaning asset values can change quickly with little predictability. Extreme swings in value can negatively impact participants, especially those nearing retirement. As a fiduciary, we do not believe it would be prudent or in the best interest of plan participants to include crypto investments in our portfolio of funds.
Gusto Investment Services offers an ESG (environmental, social, and governance) fund through Vanguard's FTSE Social Index Fund (VFTAX).
We are frequently asked about adding more ESG funds to our menu. Unfortunately, the industry currently continues to charge outsized premiums for these funds and has been slow to bring quality, low-cost ESG funds to market.
We'll continue to monitor the ESG environment and look for opportunities to add more of these funds in the future.
You can make changes to your investment choices at any time within your retirement dashboard. Learn how to update your Gusto 401(k) portfolio or your Gusto IRA portfolio.
Investment advisory services for Gusto's 401(k) (when 3(38) fiduciary services are appointed) and SEP IRA/IRA products are offered by Gusto Investment Services, LLC, an SEC-registered investment adviser. References to "Gusto," "we," or "our" in this article specifically refer to Gusto Investment Services, LLC. For more information regarding fees and services, see Gusto's ADV 2A Brochure and Form CRS.
The information provided herein is general in nature and is for informational purposes only and should not be construed as investment advice. Investing involves risk and investments may lose value. Investment objectives, risks, charges, and expenses should be considered carefully before investing, and you are advised to consult a qualified financial advisor.