Question

which ofthe following describes how a thrift savings plan different from a 401k plan
Answered by GPT 3.5
A thrift savings plan (TSP) is a retirement savings plan specifically for federal employees, including members of the military, while a 401k plan is available to employees of non-governmental organizations. The TSP is governed by federal regulations, while the 401k plan is subject to regulations set by the Internal Revenue Service (IRS). Additionally, the investment options in a TSP are limited, consisting of a small number of low-cost index funds, while a 401k plan offers a broader range of investment options, including mutual funds and individual stocks.