TSP email notification

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evilanne
Posts: 2017
Joined: Thu May 14, 2015 6:52 pm

TSP email notification

Post by evilanne »

Got an email yesterday from TSP:
Please visit the My Account website at tsp.gov to retrieve a document that needs your prompt attention. Your document is being held in the Secure Mailbox section of the site.
Account Statement Supplement - Thrift Savings PlanInvestment Information You Need to Know

Account Information

Your total Thrift Savings Plan account balance, your vested account balance, and the value of each of your investmentsare provided in the enclosed document. Review your account statement carefully. You should report any discrepanciesbetween this report and your records to the ThriftLine Service Center within 3 months.
Fee Information
The plan charges individual fees (based on specific account activity) as shown on My Account.
Mutual Fund Window (MFW)
...
There is no "enclosed document" and none of the other information is new or applicable to me. I'm assuming the Fee statement is applicable to the new Mutual Funds.
From the Statement from July
Your Fee and Expense Details 05-26-2022 to 06-30-2022You didn’t have any transaction fees or expenses deducted from your account during this period. However, some of theplan's administrative expenses for the period may have been paid by fees from one or more of the plan's investment funds. These expenses are included in the expense ratio (total annual operating expenses) provided in the applicable investment fund disclosures. Additional information about your Fees and Expenses can be found on My Account attsp.gov under the Plan Information Section.
Seems like all of this is CYA for their incompetence in the transition. None of this is any value added and I'm not sure how you verify any discrepancies when they deleted all the data previously available and the statements only show total dollars. Has anyone found and reported any discrepancies in their TSP account value?

Midway
Posts: 232
Joined: Tue Feb 28, 2012 6:09 pm

Re: TSP email notification

Post by Midway »

Got the same message. Still not able to update my beneficiaries via website. They tell me on the phone that any previously submitted TSP-3 designations will be honored. Like I trust that!

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evilanne
Posts: 2017
Joined: Thu May 14, 2015 6:52 pm

Re: TSP email notification

Post by evilanne »

New email
Set up your new TSP login! (Already did)
Thank you for your patience during the recent transition of our recordkeeping services. You may have encountered or heard about a bumpy launch of the new My Account, and we’re sincerely sorry for any frustration and inconvenience that caused.

Please be assured that your TSP savings transferred securely and successfully and that the core of our new system—processing investment transactions and other requests—is working as expected.
I'm not convinced, still no past history other end of year balances. Current year info only goes back to 26 May 2022

They have webinars you sign up for at https://www.tsp.gov/online-learning/#we ... ven-better

https://www.tsp.gov/assets/posters/Welc ... ew-TSP.pdf

The only positive for those people with current loans planning on separating or retiring.
Separated participants can keep an outstanding loan after separation.
I am starting to consider if I want too rollover everything after 59.5 and close my TSP.

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evilanne
Posts: 2017
Joined: Thu May 14, 2015 6:52 pm

Re: TSP email notification

Post by evilanne »

What Went Wrong With the TSP Website Migration?
https://www.fedsmith.com/2022/08/24/wha ... migration/

GAO Agrees to Investigate TSP Website Problems
https://www.fedsmith.com/2022/08/11/gao ... -problems/

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Fund Prices2022-11-25

FundPriceDayYTD
G $17.17 0.02% 2.59%
F $18.31 0.13% -12.35%
C $61.66 -0.03% -14.29%
S $65.01 0.27% -22.09%
I $34.21 0.59% -13.27%
L2065 $12.68 0.23% -14.82%
L2060 $12.68 0.23% -14.81%
L2055 $12.68 0.23% -14.80%
L2050 $26.21 0.20% -12.70%
L2045 $12.06 0.19% -11.82%
L2040 $44.40 0.18% -10.84%
L2035 $11.84 0.17% -9.77%
L2030 $39.82 0.15% -8.62%
L2025 $11.55 0.11% -5.68%
Linc $22.97 0.08% -2.17%

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