Its yield to maturity hovers around 3.9%, and the average coupon is 2.6%. TSP investor returns for the stock funds are still in negative territory so far in 2022 and for the past 12 months. . So, the good news is that it could have been worse (and has been worse in earlier decades). BlackRock Institutional Trust Company, N.A.State Street Global Advisors Trust Company (effective 4/19/2021), Net administrative expense ratio In answering these questions for Accenture, the representative noted that many of the problems occurred as a result of issues that were more complex than more normal procedures. this article provides a comparison of average federal salary levels, OPM Extends COVID-19 Excepted Service Hiring Authority, Biden Administration and Racism: Winners and Losers in Changing Face of Federal Employees, EO Creates More Data Collection by Groups and Cancels Earlier EO, Critical Race Theory, Training, and Federal Employees. The IIHS reports the biggest change to the criteria for both TSP and TSP+ awards is the replacement of the original IIHS side crash test with the updated evaluation launched in 2021, which . We chose this benchmark portfolio because the historical. To allow for a longer performance comparison, we extended the available TSP fund price history for the C, G, F, I, and S funds with their underlying index data. Inflation has dominated stock market returns more than any other factor in 2022. GAO has agreed to investigate the recent problems that have plagued the TSP since the launch of the new website and features in June. (FRTIB) or the Thrift Savings Plan (TSP), and that the service being offered is not sanctioned by the United States . 330,000 TSP participants have updated their beneficiaries using the new version of the website. may not be reproduced without express written consent from Ralph R. Smith. This list is from a chart presented at the FRTIB monthly meeting. The TSP L 2025 Fund is one of the TSP Lifecycle Funds, designed for investors who plan to withdraw their money beginning 2021 through 2027. No, these emails were discontinued when the application was shut down on December 31, 2020. 2023 FedSmith Inc. All rights reserved. Even with two years of significant losses included (starting in 2008 and ending in 2022), TSP investors have done well with these stock funds over a 14-year period. Some of these areas as behind-the-scene actions that are critical to the performance of a website but may not be visible to participants unless there is a failure. Steps have been taken to make significant improvements in the call center, resulting in improved participant satisfaction. The number of older cases piled up. Get free TSP fund updates via email. The charts below illustrate how the Thrift Savings Plan (TSP) S Fund and the Vanguard VXF ETF tracks the performance of the Dow Jones U.S. What Went Wrong With the TSP Website Migration? 2022 was not a good year for stock returns in the Thrift Savings Plan (TSP). TSP Thrift Savings Plan Talk - TSP Talk provides TSP fund allocation information and help for government employees and military personnel participating in the TSP (Thrift Savings Plan) program. Well help you understand each fundtheir risks, rewards, and performance. If we advance our chart to 2011, we see a different picture. This reflects the end of the federal governments fiscal year. The C Fund holds all the stocks included in the S&P 500 Index in virtually the same weights that they have in the index. The majority of interest from our users has been with respect to the TSP rate data (daily, monthly and annual) we provide on the site as well as our weekly TSP returns . It may be wishful thinking on the part of the headline writer. He has written extensively on a full range of human resources topics in books and newsletters and is a co-founder of two companies and several newsletters onfederal human resources. The Thrift Savings Plan (TSP) is a retirement savings and investment plan for Federal employees and members of the uniformed services, including the Ready Reserve. TSP.gov has published monthly fund returns since inception, and daily fund price history since 2003. Federal government websites often end in .gov or .mil. *Note: TSP share prices are updated by approximately 8 pm EST each evening; however, heavy trading days or technical issues sometimes delay the posting of share prices until later . These are 10 mistakes that federal employees would be wise to avoid when planning for retirement. Investment in the C Fund offers the opportunity to experience gains from equity ownership of large and mid-sized U.S. company stocks. Security and information technology service levels have all been met. $0.590/$1,000 account balance 0.059% (5.9 basis points), Benchmark index Less investment risk. It aims to achieve a moderate level of growth with a moderate emphasis on preservation of investment capital. Investors who stay invested for the long haul generally do better in the TSP stock funds than in a conservative investment such as the G Fund. Advertise | TSP.gov has published monthly fund returns since inception, and daily fund price history since 2003. While 2022 was not profitable for investors, it has been worse. A new rule from the Department of Labor requires considering climate change when investing retirement assets. In our tactical asset allocation strategies, we dynamically allocate a portion of investable assets to the TSP F Fund, based on the prevailing market conditions. The TSP F Fund is a U.S. bond index fund. The best app for tracking the TSP funds and your account performance. Fund Last . tracking system is the IFT allocation reporting system for TSPtalk.com members only and will not impact your actual Thrift Savings Plan account. At the end of the year, the C Fund was down -18.13%, the S Fund was down -26.26%, and the I Fund ended down -13.94%. State Street is an investment management firm that works with the Federal Retirement Thrift Investment Board (FRTIB). Seasonal Investing with the Thrift Savings Plan (TSP) Welcome, everyone! The site is secure. Daily TSP Performance. Drawdown: the peak-to-trough decline in investment or portfolio value, measured as a percentage between the peak and the trough. Should federal employees who were fired or resigned over the vaccine mandate be allowed to return to their jobs? TSP performance for the stock funds in November was up significantly. March 2, 2023. He has written extensively on a full range of human resources topics in books and newsletters and is a co-founder of two companies and several newsletters onfederal human resources. QQQ includes shares from the top Nasdaq companies. User ID. The highest average federal employee salary for a racial group as of September 2022 was $113,410. Volatile funds or portfolios have a high standard deviation. Fund Last % YTD; G Fund: $17.3454 +0.01% +0.64%: F Fund . The .gov means its official. A description of each of the TSP funds is here. As of this writing, the Bloomberg U.S. L 2035 Fund. What You Need to Know, Federal Employees Pay Satisfaction on the Decline, October TSP Performance Up; Two Core Funds Up 8%+. In this column, I will be reviewing the basics of this plan, its recent Overall, the average federal salary increased by 11.41% for the workforce from September 2018 September 2022. No doubt, for those TSP investors that use the website and the TSP call center regularly, they are hoping some of these lingering problems have been resolved or will be in the near future. 2022 TSP fund performance was dismal. - Account activity summary table. In January, overall participant satisfaction was 81.72%. Contains spam, fake content or potential malware. As a result, stocks are still down for the year for all TSP Funds except for the G Fund which has a positive 2022 return of 2.77% for the year. Daily TSP Performance. The TSP Folio strategy has been consistently profitable, with a compound annual growth rate (CAGR) of 9.0%. Subscribe to our free email list to get our news updates in your inbox. - Personal Investment Performance (PIP) computation. Highly popular drag brunches bring revenue to restaurants. She noted a disinflationary episode is now unfolding and that the mad dash to rebuild inventories in companies is now over. As a result, this Fund is now down -12.32% for the year. - Capability to track TSP transactions without giving away your TSP login credentials. An initial investment of $1,000 on 8/31/1990 would today be worth $5,192: The chart below shows the historical drawdowns for the TSP F Fund. The FRTIBs Executive Director currently allocates the selection, purchase, investment, and management of assets contained in the C Fund to BlackRock Institutional Trust Company, N.A., and State Street Global Advisors Trust Company. The C Fund is now down -13.11% for the year. A growth recession describesan economy that is growing at such a slow pace that more jobs are being lost than are being added. Learn more, please visit our Cookie Statement page. Improvements to overall operational processes have also been made, with a focus on reducing customer cases. To be clear, the apparent out-performance of the TSP S fund has more to do with when they set the price of all the funds to 10 in 2003 than consistent out performance. Many bond investors consider these funds to be their core bond holding (since they invest in all segments and maturities of the fixed income market). March 3, 2023. The reality is that inflation is still a problem. Please confirm you want to block this member. It has no impact on or affiliation with your actual/official TSP account operated by the federal government. More than 12.2 million calls were handled by the ThriftLine center from September January. InMarch 2020, the C Fund went down 12.40% in the month. And the common stocks of the C Fund fell 2.99%, putting it 8.01% in the . 90% of all interactions are now being handled through these channels. The C Fund's investment objective is to match the performance of the Standard and Poor's 500 (S&P 500) Index, a broad market index made up of stocks of 500 large to medium-sized U.S. companies. Federal Agencies Have 30 Days to Eliminate TikTok From Government Devices, TSP Performance Disappoints in February: Year-to-Date Returns Still Positive, Update on TSP Website Problems; All TSP Funds Have Negative Return With One Down 30%+. As one would expect, no recommendations are made for specific TSP Funds in coming months. Note that the benchmark drawdowns (-23.2%) are significantly worse than the strategy drawdowns (-10.2%). This column does not address that issue. The biggest monthly decrease was in the L 2055, 2060 and 2065 funds which ended at -7.25% in June. free TSP Fund price and performance updates via email. C Fund returns move up and down with the prices of the stocks in the S&P 500 Index (market risk) or if C Fund investments do not outpace or grow enough to offset the reduction in purchasing power (inflation risk). More than 3.3 million participants have created their new My Account log-in information and 90% of all participant interactions are occurring through digital service channels.