Supplemental Annuity Collective Trust of NJ
The Supplemental Annuity Collective Trust of New Jersey (SACT) is an investment program administered by the New Jersey Division of Pensions and Benefits. Headquartered in Trenton, NJ, it serves public employees who participate in New Jersey State-administered retirement systems. SACT provides a voluntary retirement annuity plan, supplementing basic pension benefits. It includes two plans: the Regular Plan (after-tax contributions) and the Tax-Sheltered Plan (pre-tax 403(b) contributions). The trust primarily serves active members of major NJ public retirement systems such as TPAF, PERS, PFRS, SPRS, and JRS. The plan has operated since before 1969, is managed by the state, and its participant-focused nature means direct employee count is not public, but oversight is within the NJ Department of Treasury.
Investment Strategy
SACT invests participant contributions conservatively in the stock market, offering both after-tax and tax-sheltered options. The Regular Plan allows after-tax contributions, with earnings tax-deferred until distribution. The Tax-Sheltered Plan operates under IRS 403(b) rules, enabling pre-tax salary deductions. Assets are professionally managed with an emphasis on capital preservation and diversified equity exposure to supplement members’ basic pension retirement income. Contributions by members are voluntarily elected and withdrawals typically occur upon retirement, separation, or death, with both lump-sum and annuity benefit options available.
Top Holdings
Equity Positions (202)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
M MSFT | MICROSOFT CORP | 7.80% | $27.7M | 55,700 | $46.47 | $497.41 | +$6.8M |
N NVDA | NVIDIA CORPORATION | 7.18% | $25.5M | 161,300 | $4.82 | $157.99 | +$8.0M |
A AAPL | APPLE INC | 6.53% | $23.2M | 113,000 | $27.24 | $205.17 | -$1.9M |
A AMZN | AMAZON COM INC | 4.30% | $15.3M | 69,600 | $31.54 | $219.39 | +$1.8M |
G GOOG | ALPHABET INC | 3.85% | $13.7M | 77,100 | $40.66 | $177.39 | +$1.6M |