I just received the report from the firm that handles my company's 401k. From what I see, it had a growth from performance of 12.9% in 2024. What is the best way for me to compare that or understand if the fund is performing well? I am always suspicious about the fund not performing as well at it should. 12.9% is far below the S&P at 23% or the Nasdaq at 29% for 2024. I am sure there are some nuances here that I do not understand.
I also have an retirement account with Fidelity. What is the best way to select ETFs to invest in? Are there funds that are perenially good or should I be looking at it routinly and making adjustments?