Patrick Bevill

The meeting featured a review of the Participant Activity Report, highlighting rollovers into the Thrift Savings Plan. A legislative report discussed budget resolutions and potential provisions for the mutual fund window. The investment review covered fund performance relative to benchmarks, interfund transfer rates, and proxy voting audits. The quarterly budget review and an update on the status of external audits were provided, followed by an annual presentation on the Fiduciary Oversight Audit Program. Additional discussions included updates on enterprise risk management, the internal audit plan, and the organizational structure and human capital initiatives of the Office of Resource Management, including return-to-office mandates.

The Board meeting included a review of the monthly participant activity report, highlighting historic highs in roll-in transactions and the implementation of two-factor authentication. Key agenda items featured an investment performance review of the G, F, C, S, I, and L funds, the affirmation of current investment policies, and updates on the third quarter 2019 proxy voting and class action settlements. Furthermore, the Board received reports on audit statuses, security remediation efforts, a first-quarter budget review for fiscal year 2020, and an internal audit update, which included a proposal for a two-year audit plan for 2020 and 2021.

The board reviewed participant activity and legislative reports, examined monthly investment performance, and conducted a budget review for the third quarter. The meeting included discussions on enterprise risk management updates, audit finding remediation activities, and various IT initiatives, including network security, server upgrades, and case management system implementation.

The board meeting included a review of Thrift Savings Plan participant activity and investment performance, noting trends in participation and fund metrics. A quarterly report on performance metrics was discussed, focusing on strategic goals and operational audit findings. The Office of Enterprise Risk Management presented its risk framework, categorization of risks, and lines of defense. Additionally, the board reviewed and approved the FY 2015 budget, including strategic initiatives related to information security, risk management, and decision intelligence to enhance the participant experience.

The Board discussed monthly participant activity, focusing on the impact of the partial government shutdown on Thrift Savings Plan (TSP) operations and inquiries. Legislative reports addressed various proposals to allow federal employees to access TSP funds during the shutdown. The Board reviewed the monthly investment performance, affirming existing investment policies, and discussed changes made to Lifecycle Funds. An audit update highlighted the progress in closing audit findings and the implementation of a risk-based audit approach. The Board also reviewed a quarterly budget update and received an update on the status of the Additional Withdrawal Project.