Question: is fers considered a 401k?
Answer: Congress established the TSP in 1986 and it offers the same types of tax benefits and savings as a 401(k). 7﻿ Each pay period, the agency you work for deposits 1% of your basic pay into your TSP. On top of that, you have the option of making additional contributions, which your agency will match (up to 5% of your pay).