Fedweek

Candlestick chart for the S&P 500 (which the C Fund tracks) for May 2021 - May 2022 on a smartphone. Image: Janet Julie Vanatko/Shutterstock.com

Data reported at the Tuesday (May 24) meeting of the TSP board show that over the first four months of this year, stock and bond market losses have reduced the value of investor accounts by more than $80 billion.

The figures, which don’t reflect what is shaping up to be a further drop in May, show a total balance of just under $740 billion, compared with nearly $812 billion as of year-end 2021. The losses actually were greater because the TSP receives a net inflow of some $1 billion a month in new investments and loan repayments, more than offsetting money taken out through new loans or withdrawals.

In personal terms, the average account balance for an investor under FERS was $164,396 as of the end of April, compared with $181,279 at year-end 2021. For those under CSRS, it was $180,088 compared with $195,424.

The data also showed that investors moved a net of nearly $2 billion into the ultrasafe government securities G fund from other funds in April, a continuation of another trend through the year.

Because of the combination of investment performance and such shifting, the G fund now holds 37.7 percent of all assets—including that fund’s share in the lifecycle L funds—up from 33.3 percent at year-end 2021. The large company stock C fund’s share has fallen from 40.3 to 38 percent and the small company S fund’s share from 13.2 to 11.5 percent.

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See also,

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FERS Retirement Planning Bundle: 2022 FERS Guide & TSP Handbook