The Thrift Savings Plan: Greatness Unrealized

Abstract

The Thrift Savings Plan is an extremely valuable retirement savings program that is available to all military service members regardless of rank or service length. The TSP is able to take advantage of its size, scale, and regulatory benefits to leverage higher gains for its participants than are available in private 401 (k) plans and Individual Retirement Accounts. The higher overall gains and dramatically lower fees and expenses in the TSP can account for the potential of tens of thousands of dollars more in retirement. While participation by federal employees is near 90 percent, the TSP is severely under utilized by the United States Military. Less then half of the military participates in the plan and by making small program changes and improving the educational program regarding the plan, the Federal Retirement Thrift Investment Board can significantly improve military participation in the Thrift Savings Plan for the military.

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Document Details

Document Type
Technical Report
Publication Date
Apr 28, 2015
Accession Number
AD1175909

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  • James J. Lilley

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  • Marine Corps University

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