Just to be a little churlish here, considering the expenses of this plan, it seems like ING built this specifically for ING.
I'm very surprised that a sharp group like the CSU folks would end up with such a program. M&E charges? You must be kidding me.
Compare this with the CalSTRS plan, which has total fees of .40 or less in Vanguard institutional funds.
I never said it was a good 403b option, just that i knew the fee structure... Unfortunately Vanguard isn't an option anymore, but there's still Fidelity.