RPAG Expands Scorecard System to Rank ETFs

Retirement Plan Advisory Group (RPAG) has announced that its proprietary Scorecard System will now track, monitor, and rank more than 300 exchange-traded funds (ETFs).
The company said the ETF capability in Scorecard enables fiduciaries to better select and monitor those investment vehicles. By developing a series of standardized benchmarks and peer groupings, RPAG’s investment research team programmed Scorecard’s 10-point system to encompass the unique characteristics of ETFs in 20 categories, producing a tool for 401(k) fiduciaries to qualify and quantify ETFs for fitness in plan portfolios, according to RPAG, a practice management platform for defined contribution advisers in the U.S.