Lower TSP Fees, Higher Satisfaction: What’s Driving the Change?
Federal employees and retirees are seeing lower fees and better service in their Thrift Savings Plan (TSP). Jim Kaplan, Director of External Affairs at the Federal Retirement Thrift Investment Board, joins the show to discuss how administrative cost reductions have led to lower fees for participants. With TSP expenses dropping over the past two years, participants are now paying just 3.6 basis points in administrative costs—down from 4.8 basis points in 2023. That translates to only 36 cents per $1,000 in retirement savings.
Kaplan also highlights improvements to the TSP’s record-keeping…
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