Thrift Savings Plan broke the $400 billion mark in February, according to figures released Thursday at a meeting of the Federal Retirement Thrift Investment Board, Washington, which administers the plan.
As of March 1, TSP assets totaled $403.9 billion, up 3% from $392.5 billion at the end of January. Breaking $400 billion “is a first for the plan,” Renee Wilder, director of the Office of Enterprise Planning, said at the meeting. Ms. Wilder also reported an 87% participation rate for the TSP funds.
Of the $403.9 billion, 36% is in the G Fund, a government securities fund. That is the lowest percentage since December 2007. The other TSP funds are the F, C, S and I funds, plus five lifecycle funds.
The next largest option, with 26% of assets, is the C Fund, which tracks the S&P 500; the lifecycle funds came next with 16% of assets.
Separately, the board received a report from investment consultant Mercer about possible asset class additions to the lifecycle funds, which will be discussed further at subsequent meetings.