The Criteria
Each of the plans was scored in seven categories:
- Expense charges
- Investment options
- Participant services
- Company experience
- Conversion and implementation
- Administrative services
- Account administration services
Additionally, all vendors were required to provide full fee disclosure, broken down by proposed investment, and disclosure of any pending state or federal investigations or pending legal actions. The final score in the area of fee disclosure was based on vendors’ average total expense ratio.
