https://www.investopedia.com/terms/t/thrift_savings_plan.asp

Here is the reference link. In short blackrock has a contract with the federal government to manage the C fund I fund and S fund 

So no matter how good or bad your investment does blackrock collects the management fee. 

Just found out that the TSP (the federal government equivalent to a 401(k) is managed by blackrock! Crazy all those feds maxing out their TSP with pre tax dollars only to be part of the nonsense blackrock is apart of!

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saloon

Just found out that the TSP (the federal government equivalent to a 401(k) is managed by blackrock! Crazy all those feds maxing out their TSP with pre tax dollars only to be part of the nonsense blackrock is apart of! 