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...by opening your own IRA and investing on your own? Is this a real question?
You can’t. Pick one that is offered
Any low cost index fund will work
A1: employer won't match on personal IRA accounts
OP you never said anything about matching, you asked about investing in the Vanguard Mutual Fund, and I answered.
Many company’s offer a self directed offering for a fee. That would be an option but may defeat the cost savings of the vanguard expense ratio. YMMV but worth contacting the 401k administrator.
There was an MD I’m close to the used his 401k to invest in individual stocks this way vs the plan fund offerings