401K Plan

The TSP is a retirement savings and investment plan for federal employees. It is one element of the FERS three-part retirement package—TSP, Social Security and FERS basic benefit—and consists of six investment funds including stocks, bonds, government securities and a lifecycle fund. TSP participants can also borrow from their own TSP contributions and earnings. The Government will automatically contribute 1 percent and match FERS and FERS Special employee contributions up to 5 percent of basic salary per pay period. A vesting period applies.

Employee contribution amounts to TSP are subject to the Internal Revenue Service (IRS) elective deferral limit. Visit tsp.gov for additional information about TSP.