Participation in the Thrift Savings Plan is at an all-time high. The FERS participation rate is 94%, and the rates for active duty military are up to almost 77%. Kim Weaver, Director of External Affairs at the Federal Retirement Thrift Investment Board, said these results show the power of automatic enrollment.
- The board also made information security improvements measured by FISMA compliance, with seven out of eight audit areas at a score of four out of five, meaning “managed and measurable.”
- Starting in April the board will transfer 10% of the C Fund and 20% of the F, S and I Funds to a second asset manager, State Street, to ensure participant trades are still made in the case of a black swan event.