22-118E 22-118E . . . Employee Savings Thrift Plan under which three types of contributions can be made: (a) those permitted under a qualified Cash Or Deferred Arrangement ("CODA") under Section 401(k) of Internal Revenue Code, (b) those made by participating companies matching 40% of CODA contributions, and (c) additional voluntary employee contributions made by participants who elect maximum CODA contribution and wish to save additional amounts out of after-tax dollars
Montana Employees Savings Thrift Plan
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FAQ
Best Funds for TSP Performance in 2023 So far in 2023, the C Fund is up 16.88%, the S Fund is up 12.64%, and the I Fund is up 12.16%. Over the last 12 months, the C Fund is up 19.54%, the I Fund is up 19.08%, and the S Fund is up 15.24%.
Your best bet is to stick with the C, S and I Funds. Here's the ratio we recommend for your portfolio: 80% in the C Fund, which is tied to the performance of the S&P 500. 10% in the S Fund, which includes stocks from small- to mid-sized companies that offer high risk and high return.
Regular employee contributions Each pay period, your agency or service will deduct your contributions, also known as deferrals, from your basic salary in the amount or percentage that you chose when you started contributing or were automatically enrolled.
TSP Contributions If you are covered by FERS, you may also receive matching agency contributions. All eligible employees are automatically enrolled in TSP at a five percent contribution rate.
What is the safest TSP fund? The G fund is generally the safest option as it invests in government securities. Although you won't lose money investing in this fund, your rate of return will be low.
During the setup process, you'll create a username, password, and ThriftLine PIN to access your account. You'll follow step-by-step prompts to verify your identity, update your contact information, and set up your account security. My Account setup should take 5 to 10 minutes for most TSP participants.
Regular TSP To make equal contributions over the course of the 2024 calendar year (for 26 pay periods), you should contribute $885 each pay period. You should enter your election of $885 into myPay during December 3 ? 9, 2023, and your election should be effective on December 17, 2023, the first pay period for 2024.
These rules of thumb say you should have saved ... 2 to 3 times your income by age 40. 3 to 4 times your income by age 45.