Performance Audit of the Thrift Savings Plan Loans Process

This document is about a performance audit of the Thrift Savings Plan (TSP) loans process conducted by the U.S. Department of Labor's Employee Benefits Security Administration. The audit objectives were to determine if the TSP implemented procedures to process loan transactions accurately, disburse loans in accordance with regulations, limit participation to eligible participants, and accurately record loan activity. The audit also assessed the status of prior recommendations and found that all three prior recommendations were implemented and closed. The report presents two new findings and one new recommendation related to the review of outstanding loans reconciliations.