Q. Is the TSP technically a 401(k)? I know all the same rules apply and, for example, when the contribution max or catch-up max goes up for 401(k)s, the TSP max also goes up, but I’ve never actually seen it referred to as a 401(k). If Congress changes the rules for 401(k)s as they are apparently considering, would the TSP rules also change, or would Congress have to address those separately?
A. The TSP is not a 401(k) plan. Based on history, I expect the TSP’s contribution limits and most other rules to follow those for 401(k) plans, however.
