Los Angeles Unified School District added TIAA-CREF to its list of about 140 service providers for its $1 billion 403(b) plan, said Robert Deegan, spokesman for the district’s insurance services branch.
TIAA-CREF will offer nine investment options to participants who choose the manager as their provider, said Ben Cressey, TIAA-CREF second vice president.
The plan is for district employee contributions only. Employer contributions are invested in the $52 million 403(b) plan of the California State Teachers’ Retirement System, Sacramento.
