Federal Soup
»
PAY & BENEFITS
»
Federal Employees Benefits Q&A
»
TSP & Roth TSP, treatment of agency matching contributions
|
|
Federal Employees Benefits Q &A
Do you have questions about your federal employee CSRS or FERS pension/annuity or federal employee
retirement planning?
Concerns about your Thrift Savings Plan (TSP) account or what about federal employee pay and leave issues?
Ask your question here. You must Register before posting to this forum.
The Q&A forum is moderated by Ed Zurndorfer -- an expert on federal employee benefits --
and a Certified Financial Planner, chartered life underwriter and chartered financial consultant
in Maryland.
Zurndorfer is also the author of several federal employee benefits guides published
by Federal Employees News Digest.
Your question will be put into a message queue and submitted for review. We
cannot guarantee that all questions will be answered, however any answered
questions will appear below, and some will also be featured in our daily Federal Daily e-newsletter (Subscribe here). Federal Soup users should not submit replies
to the questions posted, as we leave the replies for the moderator only. Any replies to questions other than the moderator will be deleted.
Please do not submit employee benefits questions to the webmaster or the forum moderator.
Note: FederalSoup.com has attempted to compile information that is as accurate and current
as possible for federal employees. Federal policies, laws, regulations, statistics and addresses continually
change. Therefore, no warranties are made as to the accuracy or completeness of the information presented
in this column. If additional clarification or information is needed, it is suggested that competent
and professional assistance be sought. Mr.
Zurndorfer does not moderate other forums on FederalSoup and will not reply to general FederalSoup inquiries
submitted in this Q&A forum.
|
|
Rank: Newbie
Groups: Registered
Joined: 8/26/2019(UTC) Posts: 7  Location: Chicago, Illinois
|
Assuming a FERS employee is contributing at least five percent of basic pay to the TSP, how are agency matching contributions treated
when there are two subaccounts in the employee TSP account - a traditional TSP and a Roth TSP?
I understand that the agency contributions are pre-tax and therefore cannot be deposited into the Roth TSP, but are they then deposited into the Traditional TSP **if the employee's contributions during that year are all going into the Roth TSP**?
In other words, for 2020, I may cease contributions into my Traditional TSP and only have them go into the Roth TSP. Will I continue to receive my agency matching contributions? (assuming I am still contributing at least five percent)
Thank you
|
|
|
|
|
|
Rank: Senior Member
Groups: Registered
Joined: 9/10/2001(UTC)
Posts: 5,706
Was thanked: 152 time(s) in 142 post(s)
|
No matter which TSP account (traditional or Roth, or a combination of both) a FERS-covered employee contributes to, the employee's agency will always contribute both the automatic (one percent of the employee's SF 50 salary) and matching contributions to the employee's traditional TSP account. The agency contributes nothing to the employee's Roth TSP account.
|
|
|
|
|
|
Federal Soup
»
PAY & BENEFITS
»
Federal Employees Benefits Q&A
»
TSP & Roth TSP, treatment of agency matching contributions
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
This page was generated in 0.115 seconds.
Facebook
Twitter