![So far in 2024, all but one of the plans in the federal government's retirement savings program have performed in the back](https://cdn.govexec.com/media/img/cd/2024/06/03/060324_Getty_GovExec_May24TSP/860x394.jpg?1717430099)
So far in 2024, all but one of the plans in the federal government's retirement savings program have performed in the back boonchai wedmakawand / Getty Images
TSP funds all bounced back in May
After a rough April, each of the portfolios in the federal government’s 401(k)-style retirement savings program finished last month in the black.
All of the portfolios in the federal government’s 401(k)-style retirement savings program gained value last month, shaking off a difficult performance in April.
The common stocks of the Thrift Savings Plan’s C Fund increased 4.96% last month, bringing its performance to 11.29% so far this year. And the international (I) fund gained 4.86% in May. So far in 2024, the I Fund has grown 7.59%.
The small- and mid-size businesses in the S Fund gained 3.36% in May, bringing its 2024 performance up to 3.38%. And the fixed income (F) fund grew 1.69%, though so far this year, the portfolio remains 1.56% in the red.
The G Fund, which is made up of government securities, increased at its statutorily mandated rate of 0.41% last month. Since January, the G Fund has increased 1.82%.
Each of the TSP’s lifecycle (L) funds, which shift to more conservative investments as participants get closer to retirement, similarly finished May in the black. The L Income Fund increased 1.58%; L 2025, 1.89%; L 2030, 3.07%; L 2035, 3.33%; L 2040, 3.58%; L 2045, 3.80%; L 2050, 4.02%; L 2055, 4.67%; L 2060, 4.67%; and L 2065, 4.67%.
So far this year, the L Income Fund has grown 3.46%; L 2030, 5.92%; L 2035, 6.29%; L 2040, 6.69%; L 2045, 7.01%; L 2050, 7.37%; L 2055, 8.84%; L 2060, 8.84%; and L 2065, 8.83%.