If you want to do more thorough analysis, then go to Koyfin.com and set up a free user account to customize your charts to your hearts content. As a result, this Fund is now down -12.32% for the year. Teleworking and hybrid options have played a critical role in this, as when compared with non-teleworkers, teleworkers show consistently higher scores on performance management indicators. *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 . By the end of 2022, the total TSP fund returns were negative for all of the TSP stock funds. The TSP is like a401(k) planoffered by private employers. Performance expectations were met in four of the last six months. It has no impact on or affiliation with your actual/official TSP account operated by the federal government. InMarch 2020, the C Fund went down 12.40% in the month. The .gov means its official. The fund uses a passive management (indexing) investment approach, designed to match the performance of the Bloomberg U.S. The C Fund is now down -13.11% for the year. President Biden cancelled an Executive Order on "race and sex stereotyping" with a new one to advance "equity across the federal government.". It invests about 30 percent in . TSP.gov has published monthly fund returns since inception, and daily fund price history since 2003. When comparing investments, a low standard deviation is preferable. Subscribe to our free email list to get our news updates in your inbox. And, of course, politics may play a role in the headlines we see. Virtual Assistant Sessions: 1,034,641 Live Chat Sessions: 43,561, E-mail: 59,527 Funded Mutual Fund Window Accounts: 2,821, Transactions completed using e-Signature: 748,396, More than $2.6 billion in loans have been processed since June 1, 2022, More than $18.3 billion in withdrawals have been processed since June 1, 2022, More than 3 million participants have successfully established new online accounts. And the common stocks of the C Fund fell 2.99%, putting it 8.01% in the . It is adefined-contribution (DC)plan that offers federal employees many of the same benefits that are available to workers in the private sector. This page is NOT optimized for mobile devices. And yet we turn around and observe actually that everything has gone up widely in price. 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. As soon as the December 2022 TSP performance figures are available, we will keep readers up-to-date on how their TSP retirement assets did for the entire year. Last updated: February 02, 2023 at 03:39 PM. maximizing returns on the Thrift Savings Plan are more important than . Leading the charge was the Thrift Savings Plan's S Fund, which is composed of small- and mid-size businesses and gained 10.32% last month. For those with more interest in the impact of locality pay on federal pay, this article provides a comparison of average federal salary levels among several locality pay areas. Highly popular drag brunches bring revenue to restaurants. Addressing current issues and identifying opportunities for ongoing improvement remains the programs top priority. TSP has an obligation to disclose these cookies. For this chart, I have used the end of September for each years data. This list is from a chart presented at the FRTIB monthly meeting. The latest monthly TSP meeting provided important updates on the problems that plagued the launch of the new TSP website. See also this page for historical share prices and trends. A primary focus of the Biden administration is on racism. With the Biden administration striving to put the topic of racial equity in the forefront of government policy on a wide variety of topics, what are the differences in average federal pay by racial groups over a period of years? The outlook portrayed by State Street is in favor of value stocks (rather than growth) outside of the United States. Will the labor market stabilize with more people returning to work? Then, in a surprise to many investors, prices rebounded and stocks had a great yearrewarding those who bought stocks during the downturn or held on to their stocks for the duration. The first TSP fund became available to investors in April 1987, and others followed in 1988 and 2001. This is the only category that was lower than the overall average. All rights reserved. Also, the the latest data published by OPM are for September 2022, so using the end of September provides a cleaner comparison year-to-year. 12,927 average number of calls answered on a daily basis, 11 minutes, 34 seconds is the duration of most calls, 89.2% call center participant satisfaction, 79.6% of calls are answered in less than 20 seconds, Addressing issues with minimum installment payment amounts and withholdings discrepancies using the self-service features, Enhancing online self-service features for installments, withdrawals and loans, Online statements from 2021 and 2022 will be available in mid-March, The ability of website users to change their pin will be made easier, Adding more comprehensive year-end reporting features, Easier access to seeing where an investors money is invested, Improving ThriftLine representatives access to additional information to respond to investor queries, Improving the Virtual Agents ability to provide status updates and to guide participants through completing personalized actions. Fund Last % YTD; G Fund: $17.3454 +0.01% +0.64%: F Fund . The number of older cases piled up. Less investment risk. This column does not address that issue. Ralph Smith has several decades of experience working with federal human resources issues. S Fund 6 Month Daily : 10 DMA, 50 DMA, 200 DMA . To allow for a longer performance comparison and backtest, we extended the available TSP fund price history with the underlying index data. More TSP fund performance data are available at TSPDataCenter.com. Focus on active risk management and capital preservation. Here are the latest fund returns. One TSP stock fund was down 26%. All rights reserved. GAO Agrees to Investigate TSP Website Problems. The majority of current federal employees are under theFederal Employees Retirement System (FERS). 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%+. So far this year, the C . TSP performance is down in February 2023 but still up for the year-to-date. But the common stocks of the C Fund continued their downward trajectory, finishing the May reporting window 1.65% in the red. Your actual/official TSP account is accessible at the Thrift Savings Plan website. Published: January 25, 2023. The Thrift Savings Plan also offers 10 Lifecycle (L) Funds in which to invest. . It is free and will continue to operate for new and existing subscribers. State Street is an investment management firm that works with the Federal Retirement Thrift Investment Board (FRTIB). An analysis of recent data suggests the Biden administrations focus on racial equity may be working to reduce federal pay raises for White employees. The TSP Folio strategy was made available to subscribers on 8/30/2010. Thrift Savings Plan Talk For Federal Government Employees and Military Personnel. There has been gradual improvement in participant satisfaction with these calls since September. . Job Id: 22600002Business OverviewAmericas Trade Services is a key unit within the Global TradeSee this and similar jobs on LinkedIn. All TSP Funds showed a positive return to start off the year. The Accenture representative noted they anticipate the number will again reach prior level of 4.1 million accounts in June or July 2023. The use of TikTok, the video sharing app owned by ByteDance Limited, a Chinese IT company based in Beijing, was recently banned on government devices as a part of the 2023 omnibus spending . $0.010/$1,000 account balance 0.001% (0.1 basis points). The federal government's Thrift Savings Plan is a federally defined contribution retirement account similar to a civilian 401(k). As this is the index on which the C Fund is based, it dropped as well. Measuring the quality of overall government services is difficult to quantify and data are not readily available. BlackRock Institutional Trust Company, N.A.State Street Global Advisors Trust Company (effective 4/19/2021), Net administrative expense ratio Supplementary cookies support additional functionality such as analytics. With that in mind, we are unable to provide support with respect to issues with the charts below. How is this changing the composition of the federal workforce? Investors will ignore the sunny prognostications of political leaders seeking approval and wanting to stay in office. 2023 FedSmith Inc. All rights reserved. It is recommended that you view this page on a desktop device. However, in practice the difference is not significant, because the TSP funds have extremely low expense ratios (0.027% per year as of this writing). TSP Website: Status on Improving Performance and Investor Satisfaction, US Marshals Hit With Major Ransomware Attack, Compromising Employee Info, Dismal 2022 TSP Performance: One Fund Down 26% for the Year, 2023 Starts With Strong TSP Performance: One Fund Up 8.25% So Far. Our free email list gives you a weekly snapshot of the TSP funds' performance; sent weekly on Saturdays. Should federal employees who were fired or resigned over the vaccine mandate be allowed to return to their jobs? The smallest decline was in the L Income fund, which was -1.60% last month. . In January 2022, the C Fund lost 5.18%, the S Fund was down 10.07% and the I Fund was down 3.96%. It invests about 30 percent in corporate bonds and 70 percent in U.S. government bonds of all maturities. This average is for the Asian racial category. Thrift Savings Plan (TSP) Coach. Since January, the G Fund has gained 0.86%. Here are the 2022 TSP returns for all funds in the Thrift Savings Plan for December 2022 and for all of 2022: The thrift savings plan (TSP) is a retirement investment program for federal employees and members of the uniformed services, including the Ready Reserve. Here is a summary of the number of interactions with the various channels: A large number of loans and withdrawal requests have been received and processed. Other areas of successful performance are: Based on comments from TSP investors using the new TSP website, there are other areas that have provided a source of complaints. The year did not start off well. TSP investors using the website are using the digital, self-service channels. 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. 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. More if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'tspdatacenter_com-box-1','ezslot_3',111,'0','0'])};__ez_fad_position('div-gpt-ad-tspdatacenter_com-box-1-0');report this adTrack the TSP by Email!Our free email list gives you a weekly snapshot of the TSP funds' performance; sent weekly on Saturdays.Email Address * To allow for a longer performance comparison and backtest, we extended the available TSP fund price history with the underlying index data. FedSmith.com. Performance results before this date represent a hypothetical strategy backtest. Steps have been taken to make significant improvements in the call center, resulting in improved participant satisfaction. It may be wishful thinking on the part of the headline writer. The biggest monthly decrease was in the L 2055, 2060 and 2065 funds which ended at -7.25% in June. A retirement portfolio that contains a bond fund like the F Fund, along with other stock funds, like the S and I Funds, will tend to be less volatile than one that contains stock funds alone. A FedSmith headline that month read: TSP Performance for September: Worst Nine Months for Stocks Since 2002. Daily TSP provides a beautiful set of interactive charts that automatically update each day and allow you to look through the entire TSP share price history for any fund. It is worth noting the observations of these experts as their knowledge and analysis may be significant on how stocks perform in coming months. At the monthly meeting of the FRTIB in February, State Street provided a summary of its economic outlook. 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. No one can predict what will happen. TSP investor returns for the stock funds are still in negative territory so far in 2022 and for the past 12 months.