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Get some sleep
Is your managed account going to beat that Vanguard fund by an average of > 0.52% every year for the next 37 years? It's a $700,000 question if you're maxing out your contribution this year, and understand compound interest.
What's the percentage of managed accounts that fail to beat the market for long-term investing? 95%?
I would do 100% stocks midcap
Target date
Those target date funds have high expense ratios, last I checked
Fidelity has similar funds at lower rates but when you buy a vanguard thru fidelity your paying higher fees A1 is right. You should have a conversation with your Fidelity advisor see where your risk appetite is and they make excellent recommendations and if you go to one of their offices they will show you how to do your own research check ratings and fees and you can self manage. But you don't want to just set and forget anything due to market fluctuation unless you are in an annuity which locks you in for a period.
D1 - yep, most managed accounts fail to beat the market
Not sure what your administrator offers, but ours are 7bps or so.
If you open vanguard admiral funds, expense fees for managed funds is the same as etfs