WASHINGTON, D.C. — A free iPhone app for the Thrift Savings Plan, available at the Apple App Store could pose a security risk, program officials warned.
A notice on the Thrift Savings Plan website says the “TSP Funds” app, which asks participants for their account login information, is not sanctioned.
“This app is not being offered through the TSP and officials do not recommend using this application to access your account,” the notice says. “Providing this information could result in a security risk to your account.”
The Thrift Savings Plan is a retirement savings and investment plan for federal employees and members of the uniformed services, including the Ready Reserve. It was established by Congress in the Federal Employees’ Retirement System Act of 1986 and offers the same types of savings and tax benefits that many private corporations offer their employees under 401(k) plans.