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NJ State Employees Deferred Compensation Plan
The New Jersey State Employees Deferred Compensation Plan (NJSEDCP) is a public, government-sponsored defined contribution plan (457(b)) serving New Jersey state employees as a voluntary retirement savings vehicle. The plan, administered by the New Jersey Division of Pensions and Benefits in partnership with Empower, offers both pre-tax and Roth after-tax options to supplement state pension and Social Security benefits. Founded pursuant to federal and state laws, it provides more than 27 investment options across asset classes. Headquarters are in Trenton, New Jersey. NJSEDCP is designed for State of New Jersey public employees, with several thousand participants, though the specific employee count for plan administration is not public.
Investment Strategy
NJSEDCP participants can allocate contributions across a diversified menu of 27 pre-approved investment funds managed by Empower. The plan allows employees to make pre-tax or Roth contributions, with the goal of supplementing retirement security while deferring federal taxation on investment growth until distribution. Employees may rebalance or re-allocate investments, choosing funds that range from equity to fixed income and stable value, thus allowing a tailored portfolio aligned with each saver’s risk tolerance and retirement horizon. The fund design complies with Internal Revenue Code Section 457 and New Jersey statutes.
Latest 13F Filing Activity
NJ State Employees Deferred Compensation Plan filed their most recent 13F report on Jun 30, 2025 disclosing 432 equity positions with a total 13F market value of $846M. The fund increased holdings in Nvidia Corporation, Microsoft Corp., Capital One Finl Corp. among other positions. NJ State Employees Deferred Compensation Plan reduced exposure to Discover Finl SVCS, Apple Inc., Johnson & Johnson among others.
Top Holdings
Equity Positions (432)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
M MSFT | MICROSOFT CORP | 6.78% | $57.4M | 115,300 | $40.99 | $497.41 | +$14.1M |
A AAPL | APPLE INC | 5.65% | $47.8M | 233,000 | $19.17 | $205.17 | -$4.0M |
N NVDA | NVIDIA CORPORATION | 5.53% | $46.8M | 296,000 | $52.38 | $157.99 | +$14.7M |
A AMZN | AMAZON COM INC | 3.63% | $30.8M | 140,200 | $23.51 | $219.39 | +$3.7M |
M META | META PLATFORMS INC | 2.76% | $23.4M | 31,700 | $175.43 | $738.09 | +$4.7M |
Industry Allocation
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