# Federal Retirement Thrift Investment Board (FRTIB)

Federal Retirement Thrift Investment Board (FRTIB) is a Pension Fund based in Washington, D.C., United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Washington, D.C., United States
- **Region:** North America
- **Address:** 77 K Street NE, Suite 1000, Washington, D.C. 20002
- **Founded:** 1986
- **Assets under management:** $1.073T (Dec 31 2025)
- **Website:** www.frtib.gov
- **LinkedIn:** https://www.linkedin.com/company/federal-retirement-thrift-investment-board

## Regulatory record

- **Reports private funds:** No

## About

The Federal Retirement Thrift Investment Board (FRTIB) is an independent agency of the United States government established under the Federal Employees’ Retirement System Act of 1986 (FERSA) to administer the Thrift Savings Plan (TSP). The TSP is a tax-deferred defined contribution retirement savings and investment plan for federal civilian employees across all branches of government, U.S. Postal Service employees, and members of the uniformed services, offering benefits comparable to private-sector 401(k) plans (per FRTIB official website and enabling statute). The Board is charged by law with managing the plan solely in the interest of participants and beneficiaries, emphasizing low costs, fiduciary integrity, and participant outcomes. Core offerings include five individual funds (G, F, C, S, and I Funds) plus Lifecycle target-date funds and a mutual fund window. As of December 31, 2025, TSP assets under management exceeded $1.073 trillion across nearly 7.3 million participant accounts (per FRTIB press release, March 11, 2026). Headquartered in Washington, D.C., the FRTIB operates as a self-funded agency with independent budgetary authority and is overseen by a presidentially appointed Board. Its mission focuses on helping current and former federal workers and service members prepare for retirement through prudent administration and high-quality service (per FRTIB mission statement and strategic plan).

## People

- Mike Gerber — Chair
- Ravindra Deo — Executive Director
- Dana Bilyeu — Board Member
- Leona M. Bridges — Board Member
- Stacie Olivares — Board Member
- Mike Jerue — Chief Investment Officer

## Questions

### What is the Federal Retirement Thrift Investment Board?

The FRTIB is an independent federal agency that administers the Thrift Savings Plan (TSP), a defined contribution retirement plan for federal employees and uniformed services members, operating solely in the interest of participants and beneficiaries.

### When was the FRTIB established?

The FRTIB was established in 1986 by the Federal Employees’ Retirement System Act (FERSA).

### What is the current size of the Thrift Savings Plan?

As of December 31, 2025, TSP assets under management totaled more than $1.073 trillion across nearly 7.3 million accounts.

### Where is the FRTIB headquartered?

The FRTIB is headquartered at 77 K Street, N.E., Suite 1000, Washington, D.C. 20002.

### Who oversees the day-to-day operations of the TSP?

Day-to-day management is led by the Executive Director, currently Ravindra Deo, under the oversight of the presidentially appointed Board of Directors.

## Related profiles

- [BMO Private Investment Counsel](https://altss.com/profile/bmo-private-investment-counsel)
- [National Pension Service Investment Management](https://altss.com/profile/national-pension-service-investment-management)

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Last updated: 2026-07-17T20:13:14.000Z

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