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If your company offers a retirement plan, you may want to contact your benefits coordinator to see if your plan allows IRA money to roll into the plan. The IRS/DOL recently revised regulations that allow IRA money to flow into the 401k as rollover money - however each retirement plan has the option of not adopting this new allowance. This may be a better option as you won't be hit with as many fees as you would under the IRA.
Regarding the Vanguard Target Maturity 2045 fund, this fund is perfect for the investor who doesn't want to try to pick a diversified portfolio. It is actively managed and over time, the fund will become more conservative until the "maturity date". It assumes you'll retire in 2045, so the mix is initially very aggressive, so don't be squeamish about fluctuations. Keep in mind though that this fund was only started in 2003, so the track record is short.
Just as a note: I work with company retirement plans for a living....
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