Yes, in one plan we have that problem — I gave the broker a list of eight funds to distribute 401K funds into and he said his company’s plan only allowed us to invest in two of them. That kept us out of Brazil, when we would have done very well there. In our Vanguard funds we have the ability to invest in just about any 401K allowed investment. I like Vanguard! The other company, the one with the damned restrictions, shares part of its name with the reprehensible US Rep from Mass.
I’m with Vanguard too, for over 15 years. Very good company totally geared to the investor. It’s the “credit union” of mutual fund companies.