Specifications include, but are not limited to: The Contractor shall conduct a comprehensive, in-depth analysis of the Higher Education Plans, including the plan documents to be provided by the State and the operation of the Higher Education Plans, that takes into account industry research regarding the service capabilities, cost comparisons, plan design, investment options, and service model trends relevant to higher education deferred compensation / defined contribution plans, benchmarking its findings against similar plans. As part of the study, the Contractor shall examine the costs, administrative effects, operational effects and effects on participant education with respect to combining the Higher Education Plans under one (1) or more third-party administrators (“TPAs”) or keeping them separate. The Contractor shall identify areas for improvement and shall make recommendations to the State based on its findings. Any such recommended changes must meet the terms, conditions and limitations of applicable law, rules and regulations. At the request of the State, the Contractor shall assist the State in drafting policies, procedures and guidelines relative to the Higher Education Plans.