The California State Teachers’ Retirement System (CalSTRS) has expanded the number of funds it offers the 3,000 teachers in its 403(b) plan from three to 11, and, as a result, is offering advice to participants at no charge. CitiStreet, a joint venture between State Street Corp. and Citigroup, is providing the in-person advice, while Financial Engines is providing the online advice.

CalSTRS’ 403(b) plan previously offered only three basic funds: a money market fund, an S&P 500 index fund and an equity index fund. The new lineup includes three lifestyle funds targeted to specific retirement dates.

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