https://www.investopedia.com/terms/t/thrift_savings_plan.asp

Here is the reference link. In short blackrock has a contract with the federal government to manage the C fund I fund and S fund 

So no matter how good or bad your investment does blackrock collects the management fee. 

BlokchainB

Daily discussion thread

saloon

Just found out that the TSP (the federal government equivalent to a 401(k) is managed by blackrock! Crazy all those feds maxing out their TSP with pre tax dollars only to be part of the nonsense blackrock is apart of! 