457 Plan Sponsor of the Year Finalist: California State Teachers’ Retirement System

 “Especially in this market, risk became such a big issue for people,” says Ed Derman, Deputy CEO of the California State Teachers’ Retirement System. For risk-focused 457 participants, CalSTRS gives them the chance to invest in one of 15 portfolios that blend the target-date and risk-based concepts: five target-date options, each with a conservative, moderate, and aggressive level.