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The federal government’s Thrift Savings Plan (TSP) is continuing to grow. The TSP is a significant part of the future retirement income for federal retirees and many investors receive a government “match” that provides “free money” to future retirees so the program is very popular.

At the end of April, the TSP had almost $591 billion in the plan with over 5.6 million participants.

Average TSP Balances

Here is a breakdown of most TSP participants and their average TSP balance:

Number of Participants Avg. Balance Avg. Roth Balance FERS 3,417,433 $145,233 $13,941 CSRS 309,151 $153,391 $21,379 Uniformed Services 1,339,631 $27,327 $9,342

How TSP Investors Allocate Their Money

TSP investors have most of their money in the G Fund. This fund is often considered to be the safest fund because it has never lost money, although the rate of return is often higher in the stock funds.

The C Fund (which is based on the S&P 500 index of stocks) has the second highest number of dollars invested. The F Fund is the least popular fund among investors.

Here is how TSP investors have allocated their money in the TSP as of the end of April 2019:

Fund Dollars in Billions Percent G Fund $187 31.6% F Fund $20.9 3.5% C Fund $171.9 29.1% S Fund $62.1 10.5% I Fund $25.7 4.3% L Funds $123.2 20.9% Total $590.8 100%

Interfund Transfers in April

In April, TSP investors withdrew about $820 million from the G Fund, $183 million from the F Fund and about $29 million from the S Fund. The C Fund received about $585 million into the fund; about $448 million was transferred into the Lifecycle Funds and about $20 million into the I Fund.