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The Effect of the Employer Match and Defaults on Federal Workers' Savings Behavior in the Thrift Savings Plan
Congressional Budget Office [CBO] Link to more items from this source
July 17, 2019
"This paper develops an empirical model to forecast the effects on employee contribution rates and on employer costs if the federal government changed the employer match or the default contribution rate for participants in the Thrift Savings Plan.... [R]aising the matching threshold from zero percent to 5 percent leads to employees contributing 3.3 percent more of their salaries to TSP. In contrast, an increase in the default contribution rate from zero percent to 3 percent increases employee contributions by 0.3 percent of their salary." [Working Paper 2019-06, Jul. 16, 2019]

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