mickeyd
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The TSP expense ratio represents the amount that participants' investment returns were reduced by TSP administrative expenses, net of forfeitures.
Expense ratios may also be expressed in basis points. One basis point is 1/100th of one percent, or .01%. Therefore, the 2009 expense ratio of .028% is 2.8 basis points. Expressed either way, this means that expenses charged to each TSP account in 2009 were approximately 28 cents per $1,000 of investment.