ScholarShare Investment Board, Sacramento, Calif., rehired TIAA-CREF as program manager for the state's $11.4 billion 529 plan, said Stanley Zeto, deputy executive director.
The board issued an RFP in May because of the impending expiration of TIAA's contract in November, Julio Martinez, executive director, said at the time.
Mr. Zeto said Franklin Templeton was the other finalist.
The plan currently offers 19 investment options.
