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Federal retirement savings program to widely expand investment options

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May 24, 2022 at 3:45 p.m. EDT
The Thrift Savings Plan, which is the federal government’s version of a 401(k), will open a long-planned mutual fund “window” on June 1, providing investors with access to some 5,000 funds offered by about 300 mutual fund companies. (Tom Brenner/Reuters)
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Starting next month, federal employees and military personnel will have a broad new range of investment options for their retirement savings program.

The Thrift Savings Plan, which is the federal government’s version of a 401(k), said Tuesday that it will open a long-planned mutual fund “window” on June 1, providing investors with access to some 5,000 funds offered by about 300 mutual fund companies, and allowing for targeted investing in stocks, bonds, commodities and other markets in addition to the index-based funds the TSP itself offers.