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[quote=Anonymous]Voo (Vanguard top 500 company ETF) was $418 exactly a year ago and it's $545 today. Percentage change calculator shows us 30% return. Voo also has very small fee.
All companies holiday retirement funds are there to make money. Your friend needs to go minimum or nothing at all, and open a Roth IRA on her own which has $7k max a year ($8k max is she is turning 50 that year).
I hold stocks that go up 21% a day. Of course this is way too risky, but I learned all about investing by doing it myself. 
You and your friend have not learned about stock market because there is someone doing it for you. It has never been easier to learn about market and investing on your own. 
For starters, you friend should minimize 403B contributions to get her money away from them. Open Roth with Robinhood and Fidelity. Please no Vanguard. There website and app are horrible. 
Robinhood even matches 3% if you sign up for gold membership which is so worth it. I turned my this years $7k into $30k in one year all tax free. This is the power of learning to invest on your own. 
Buying and selling inside your Roth is tax free. I don't suggest you go crazy trying to chase the returns with growth stocks, but buying Voo is a good start. Voo does not need to be bought with Vanguard. All banks should allow it.
Please make sure you read Roth IRA rules and follow them and are eligible. 
Max out Roth every year and learn how to invest on your own. Use couple of thousand dollars to buy growth stocks. Very hard to learn if you are not comfortable buying/selling stocks.
I started in 2020 being scared and having fidelity people on the phone with me to buying too many stocks to narrowing down to the few stocks I want to hold. It's a learning process and the $3000-$5000 you may use to learn all this will have a great return.
I was an aid in DCPS finishing up my own degree. I minimized the contribution and now my $400 is simply wasting away inside some Mission square retirement holding company. Luckily it's only $400, but I still have to deal with it in retirement. This would not be the case with Roth IRA as I have total control over it with low fees if I buy Voo and no fees if I pick my own companies.
Sorry for my English. My math is much better. If I could, I would get everyone out of 529 plans and 403b, 401k. All those companies are there to get piece of your money, and government is in on it giving some lousy tax break. 
Nobody mentions that people learn absolutely nothing when retirement is done for them. The knowledge and confidence you get doing it on your own is be passed down to your kids. How do you even put a price on that.
Once you invest 3 years x $7k in Voo with Robinhood getting the 3% match if you become Gold member for $5 a month (soo worth it), you recognize that your money is being eaten away in 403b.
For the life of me I cannot explain to my own sister that I did 200%+ in two of my Roths  this year because I learned how to do it. It can be done in any market - up or down. She yells over me how she needs the match and tax deduction.
The above is just for information. Please start with VOO on your own.

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