IFT RULE - SHOULD IT BE CHANGED?

[tsptalk]

James48843 did some great work many years ago when these limits were implemented, showing that costs were actually going down after they went to unlimited transactions. It was because Barclays at the time (bought out by Blackrock) was actually good at what they did. Here's an old post he made...

https://www.tsptalk.com/mb/tsp-talk...ment-thrift-invesment-board-4.html#post150145

Net Expense (2007 is YTD through December)
Ratios· Total G F C S I L Inc. L2010 L2020 L2030 L2040
2000 .05% .05% .07% .06% - - · - - · -
2001 .06% .06% .06% .06% .05% .05% · - . - -
2002 .06% .06% .06% .07% .07% .07% · - - · ·
2003 .10% .10% .10% .10% .10% .10% - . - · ·
2004 .06% .06% .05% .06% .06% .06% · - . - ·
2005 .05% .04% .04% .05% .05% .05% .01% .02% .02% .02% .02%
2006 .03% .03% .03% .03% .03% .03% .03% .03% .03% .03% .03%
2007 .02% .02% .02% .02% .02% .01% .02% .02% .02% .02% .02%
·


The net expense ratios are the administrative expenses charged to TSP participants per dollar invested in the respective funds after offsettng gross administrative expenses with account forfeitures and loan fees.

Better alignment...

[TABLE="width: 768"]
[TR]
[TD][/TD]
[TD="colspan: 5"]Net Expense (2007 is YTD through December)[/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[/TR]
[TR]
[TD][/TD]
[TD]Total[/TD]
[TD]G[/TD]
[TD]F[/TD]
[TD]C[/TD]
[TD]S[/TD]
[TD]I[/TD]
[TD]L-INC[/TD]
[TD]L2010[/TD]
[TD]L2020[/TD]
[TD]L2030[/TD]
[TD]L2040[/TD]
[/TR]
[TR]
[TD]2000[/TD]
[TD]0.05%[/TD]
[TD]0.05%[/TD]
[TD]0.07%[/TD]
[TD]0.06%[/TD]
[TD]n/a[/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[/TR]
[TR]
[TD]2001[/TD]
[TD]0.06%[/TD]
[TD]0.06%[/TD]
[TD]0.06%[/TD]
[TD]0.06%[/TD]
[TD]0.05%[/TD]
[TD]0.05%[/TD]
[TD]n/a[/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[/TR]
[TR]
[TD]2002[/TD]
[TD]0.06%[/TD]
[TD]0.06%[/TD]
[TD]0.06%[/TD]
[TD]0.07%[/TD]
[TD]0.07%[/TD]
[TD]0.07%[/TD]
[TD]n/a[/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[/TR]
[TR]
[TD]2003[/TD]
[TD]0.10%[/TD]
[TD]0.10%[/TD]
[TD]0.10%[/TD]
[TD]0.10%[/TD]
[TD]0.10%[/TD]
[TD]0.10%[/TD]
[TD]n/a[/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[/TR]
[TR]
[TD]2004[/TD]
[TD]0.06%[/TD]
[TD]0.06%[/TD]
[TD]0.05%[/TD]
[TD]0.06%[/TD]
[TD]0.06%[/TD]
[TD]0.06%[/TD]
[TD]n/a[/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[/TR]
[TR]
[TD]2005[/TD]
[TD]0.05%[/TD]
[TD]0.04%[/TD]
[TD]0.04%[/TD]
[TD]0.05%[/TD]
[TD]0.05%[/TD]
[TD]0.05%[/TD]
[TD]0.01%[/TD]
[TD]0.02%[/TD]
[TD]0.02%[/TD]
[TD]0.02%[/TD]
[TD]0.02%[/TD]
[/TR]
[TR]
[TD]2006[/TD]
[TD]0.03%[/TD]
[TD]0.03%[/TD]
[TD]0.03%[/TD]
[TD]0.03%[/TD]
[TD]0.03%[/TD]
[TD]0.03%[/TD]
[TD]0.03%[/TD]
[TD]0.03%[/TD]
[TD]0.03%[/TD]
[TD]0.03%[/TD]
[TD]0.03%[/TD]
[/TR]
[TR]
[TD]2007[/TD]
[TD]0.02%[/TD]
[TD]0.02%[/TD]
[TD]0.02%[/TD]
[TD]0.02%[/TD]
[TD]0.02%[/TD]
[TD]0.01%[/TD]
[TD]0.02%[/TD]
[TD]0.02%[/TD]
[TD]0.02%[/TD]
[TD]0.02%[/TD]
[TD]0.02%[/TD]
[/TR]
[/TABLE]

 

[James48843]

Sorry I am on the road and can’t get to my data to post the most recent numbers, but the costs today are MUCH higher administrative expenses then back when we had unlimited trades.

I will try and get to a computer next week, and post up the most recent administrative expense figures.


Sent from my iPhone using TSP Talk Forums

 

[James48843]

I just checked.

For 2018, the annual administrative expense for all of the TSP funds was 0.041% per $1,000 invested.

That is exactly DOUBLE the administrative cost as it was in the years when we had unlimited trades. (2006 and 2007 is when we had unlimited trades, and many of us did three or four trades in a month at times.)

This figure is found on the Annual TSP statement form available when you log into your account.


Sent from my iPhone using TSP Talk Forums

 

[nnuut]

Damn Crooks!

 

[tsptalk]

Thanks James. I think I will dedicate a full commentary to this one of these days when stocks get quiet again. I think more people need to be made aware of this, perhaps well intention-ed change that the TSP made in 2008, that actually increased costs (doubled since 2007) when they took our unlimited transfers away.

I just checked.

For 2018, the annual administrative expense for all of the TSP funds was 0.041% per $1,000 invested.

That is exactly DOUBLE the administrative cost as it was in the years when we had unlimited trades. (2006 and 2007 is when we had unlimited trades, and many of us did three or four trades in a month at times.)

This figure is found on the Annual TSP statement form available when you log into your account.