The Federal Retirement Thrift Investment Board (FRTIB), the group that manages the Thrift Savings Plan (TSP), announced today that it has selected Blackrock Institutional Trust Company, N.A. as the investment manager for the C Fund. The contract will be for a one-year term, with four one-year options.
The C Fund invests in a stock index fund that tracks the performance of the Standard & Poor’s 500 (S&P 500) Index. The earnings consist of dividend income and gains or losses in the prices of stocks. As of April 2015, the C Fund held $143.5 billion in assets.
The C Fund and the FRTIB’s other funds — the Fixed Income Index Investment Fund, the Small Cap Stock Index Investment Fund, and the International Stock Index Investment Fund – are currently managed by BlackRock Institutional Trust Company, N.A.