The federal government’s Thrift Savings Plan (TSP) is continuing to grow. The TSP is a significant part of the future retirement income for federal retirees and many investors receive a government “match” that provides “free money” to future retirees so the program is very popular.
At the end of April, the TSP had almost $591 billion in the plan with over 5.6 million participants.
Average TSP Balances
Here is a breakdown of most TSP participants and their average TSP balance:
|Number of Participants||Avg. Balance||Avg. Roth Balance|
How TSP Investors Allocate Their Money
TSP investors have most of their money in the G Fund. This fund is often considered to be the safest fund because it has never lost money, although the rate of return is often higher in the stock funds.
The C Fund (which is based on the S&P 500 index of stocks) has the second highest number of dollars invested. The F Fund is the least popular fund among investors.
Here is how TSP investors have allocated their money in the TSP as of the end of April 2019:
|Fund||Dollars in Billions||Percent|
Interfund Transfers in April
In April, TSP investors withdrew about $820 million from the G Fund, $183 million from the F Fund and about $29 million from the S Fund. The C Fund received about $585 million into the fund; about $448 million was transferred into the Lifecycle Funds and about $20 million into the I Fund.