Performance Audit of the Thrift Savings Plan Withdrawals Process

This document is about a performance audit conducted by the U.S. Department of Labor's Employee Benefits Security Administration on the Thrift Savings Plan's withdrawal processes. The audit reviewed TSP's procedures for processing withdrawal transactions, authorizing participant payments, and recording withdrawal activity. The report presents findings and recommendations related to fundamental controls and other controls over the TSP withdrawal process to strengthen compliance with regulations and improve operational effectiveness.