keegs
Recycles dryer sheets
Sorry if this did the rounds already...I didn't see it in a search though
BrightScope | 401k Plan Ratings
BrightScope | 401k Plan Ratings
I don't think the rating system is very good. My prior employer got a 77 and the 401K options were terrible with very high fees (some as high as 1%). My current employer is with vanguard and got 76.
Is there a way to see how the TSP ranks?
This is quite interesting by the way. I have to wonder why so many companies choose what appear to be quite expensive 401k providers, rather than going with Vanguard or Fidelity. These decisions end up costing their employees 100,000s in lost retirement savings.
My company is rated a 75. They match 70 percent of your first 10 with excellent options in Vangaurd Inst Class Funds at .05-.07 exp ratio. However, they are knocked down for low participation. Cna I help it if I work with a bunch of dumb #!$@%#
Just type in "Thrift Savings Plan", it's rated at 65.
Thanks! I think that 65 rating is too low. It dings TSP for a low participation rate, but I believe participation in TSP is mandatory--every fed employee gets at least 1 percent fed match, and the gov is now auto-enrolling all new hires.
If the TSP does have a weakness, it is that it does not have an emerging markets index.
One surprise--not just for TSP, but for numerous other plans I looked at, are the low average account balances.