The massive overhaul and upgrade of the Thrift Savings Plan was not without its problems. Turns out nobody knows that more than the folks at the Federal Thrift Investment Board, who run Uncle Sam’s massive in-house 401(k) plan.
Along with challenges logging in to TSP’s updated system, an exclusive Federal News Network survey shows many participants are frustrated with the new layout.
The Federal Retirement Thrift Investment Board adds customer service representatives to help participants who are frustrated with new account interface.
A major online update for the Thrift Savings Plan causes high call volumes for the Federal Retirement Thrift Investment Board.
After a brief pause on investment changes, Thrift Savings Plan participants will get a host of new features starting in June.
Despite tremendous interest (and some dread) over the coming investment expansion for six million federal Thrift Savings Plan investors, fewer than 30 took the opportunity to make formal comments, suggestions or to criticize the proposed changes.
FRTIB will update its platform interface, add new services and introduce a mobile app, requiring a pause in investment changes for TSP participants.
By later this year, TSP investors could have as many as 5,000 new investment options. So what next?
March 28, 2022 on ForYourBenefit, host Bob Leins, CPA® and co-host Tammy Flanagan, Senior Benefits Director at NITP, Inc., welcome Kim Weaver, Director, External Affairs, and Jim Courtney, Director of the Office of Communications and Education.
When federal employees leave government, one in three investors in the Thrift Savings Plan move their money out of Uncle Sam’s 401k plan for a variety of reasons.
A growing number of savvy feds are and have been rolling outside money into the TSP at an impressive and growing scale.
A group of Senate Democrats says the Thrift Savings Plan should do more to give participants an opportunity to invest in funds by racially, ethnically and gender diverse asset managers. They're also seeking more information about the TSP's upcoming mutual fund window planned for next year.
President Joe Biden wants the Labor Department to initiate a review of climate-related financial risks on federal employees and their retirement savings, while Congress again wants the Thrift Savings Plan to divest from Chinese companies.
President Donald Trump hadn't appointed his own nominees to the fill the Federal Retirement Thrift Investment Board until Monday, months after members of Congress first expressed deep concerns with the TSP's plans to expand the international fund to a new, China-inclusive index.