Federal Retirement Thrift Investment Board, Washington, today accepted the recommendations of consultant Ennis Knupp to keep the existing indexes for the four funds offered by the $173 billion Federal Thrift Savings Plan, said Tom Trabucco, spokesman. The TSP currently uses the S&P 500 index for the C fund, the Dow Jones Wilshire 4500 for the S Fund, MSCI EAFE for the I Fund, and the Lehman Brothers Aggregate bond index for the F Fund. The fifth fund, the G fund, is invested in special government securities.
The board will decide whether to separate custody from asset management and whether to seek a single firm to manage all the funds or search for separate firms for each one, Mr. Trabucco said.
The board also rehired Metropolitan Life Insurance as annuity provider for the TSP. An RFP was issued in September.