5 CFR Part 1640 — Periodic Participant Statements

PART 1640—PERIODIC PARTICIPANT STATEMENTS Authority: 5 U.S.C. 8439(c)(1) and (c)(2), 5 U.S.C. 8474(b)(5) and (c)(1). Source: 68 FR 35501, June 13, 2003, unless otherwise noted. § 1640.1 Definitions. Definitions generally applicable to the Thrift Savings Plan are set forth at 5 CFR 1690.1. § 1640.2 Information regarding account. The TSP or its record keeper will provide to each participant four (4) times each calendar year the information described in §§ 1640.3, 1640.4, and 1640.5. Plan participants can obtain account balance information on a more frequent basis from the TSP Web site and the ThriftLine. [68 FR 35501, June 13, 2003, as amended at 87 FR 31680, May 24, 2022] § 1640.3 Statement of individual account. In the quarterly statements, the TSP or its record keeper will furnish each participant with the following information concerning the participant's individual account: (a) Name and account number under which the account is established. (b) Statement whether the participant has a beneficiary designation on file with the TSP record keeper. (c) Investment election that is current at the end of the statement period. (d) Beginning and ending dates of the period covered by the statement. (e) The following information for and, as of the close of business on the ending date of, the period covered by the statement: (1) The total account balance and tax-exempt balance, if applicable; (2) The account balance for each source of contributions; (3) The account balance and activity in each TSP core fund, including the dollar amount of the transaction, the share price, and the number of shares; (4) Loan information and activity, if applicable; and (5) The mutual fund window account balance, if applicable. (f) Any other information concerning the account that the Executive Director determines should be included in the statement. [87 FR 31680, May 24, 2022] § 1640.4 Account transactions. (a) Where relevant, the following transactions will be reported in each individual account statement: (1) Contributions; (2) Withdrawals; (3) Forfeitures; (4) Loan disbursements and repayments; (5) Fund reallocations and fund transfers among TSP core funds; (6) Adjustments to prior transactions; (7) Rollovers from traditional individual retirement accounts (IRAs) and eligible employer plans within the meaning of section 402(c) of the Internal Revenue Code (26 U.S.C. 402(c)); and (8) Any other transaction that the Executive Director determines will affect the status of the individual account. (b) Where relevant, the statement will contain the following information concerning each transaction identified in paragraph (a) of this section: (1) Type of transaction; (2) TSP core funds affected; (3) Amount of the transaction (in dollars); and (4) Any other information the Executive Director deems relevant. [87 FR 31680, May 24, 2022] § 1640.5 TSP core fund information. The TSP or its record keeper will provide to each participant each calendar year information concerning each of the TSP core funds, including: (a) A summary description of the type of investments made by the fund, written in a manner that will allow the participant to make an informed decision; and (b) The performance history of the type of investments made by the fund, covering the five-year period preceding the date of the evaluation. [87 FR 31680, May 24, 2022] § 1640.6 Methods of providing information. The TSP or its record keeper will furnish the information described in this part to participants by making it available on the TSP website. A participant can request paper copies of that information by calling the ThriftLine, submitting a request through the TSP website, or by writing to the TSP record keeper. [87 FR 31680, May 24, 2022]

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