Federal Retirement Thrift Investment Board, Washington, rehired BlackRock (BLK) to manage the Thrift Savings Plan's F Fund, the plan's $27.4 billion fixed-income index fund that tracks the Bloomberg Barclays U.S. Aggregate Bond index.
The contract is for one year, plus the option of four additional one-year renewals. The TSP has a total of five core investment options, four of which are passively managed by BlackRock.
As of April 30, TSP had $545.5 billion in total assets.