Expenses by Fund
L
2050
L
2040
L
2030
L
2020
L
Income
G
Fund
F
Fund
C
Fund
S
Fund
I
Fund
2018 Administrative Expenses
Gross .052% .052% .052% .052% .051% .051% .052% .052% .052% .052%
Net .040% .040% .040% .040% .040% .040% .041% .041% .040% .041%
2018 Other Expenses
.007% .006% .005% .003% .002% .000% .016% .001% .021% .010%

The TSP expenses are the costs of administering the TSP. The gross expenses include:

  • The costs of operating and maintaining the TSP's recordkeeping system,
  • The cost of providing participant services, and
  • The printing and mailing of notices, statements, and publications.

Expenses are offset by the forfeitures of Agency/Service Automatic (1%) Contributions of FERS and BRS participants who leave federal service before they are vested, other forfeitures, and loan fees. Because these amounts are not sufficient to cover all of the TSP's expenses, TSP participants share in the remainder of the costs.

The net expenses represent the amount that participants' investment returns were reduced by TSP administrative expenses.

For 2018, the average net expense was $0.40 per $1,000 invested.

Expense ratios may also be expressed in basis points. One basis point is 1/100th of one percent, or .01%. Therefore, the 2018 average net expense of .040% is 4.0 basis points. Expressed either way, this means expenses charged to each TSP account in 2018 were approximately 40 cents per $1,000 of investment.

Other expenses are fees paid to the investment manager.