New Managment Company for “401k” Federal Savings Plan

By May 24, 2018TSP

The “401k” Federal Savings Plan announced this week that it had awarded a new contract for management of the “401k” Federal Savings Plan ‘s F Fund, a portfolio designed for people on a fixed income. The fund again will be managed by Blackrock Institutional Trust Company, N.A., the firm that already handles both it and every other “401k” Federal Savings Plan portfolio.

In a statement, “401k” Federal Savings Plan officials said the contract is initially for one year, and the agency has the option to renew for four subsequent years. As of last month, the F Fund held $27.4 billion in assets, including a variety of public and private sectors of the U.S. bond market.

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