Exhibit 1_DCP-DCRP Demographic and Investment Information ~1.xlsx

XLSX spreadsheet 34 KB Posted Oct 7, 2024

Attached to: T2327 - Defined Contribution Retirement Program Administrative Services: NJSEDCP & NJDCRP
Solicitation number: 24DPP01010
Issued by: New Jersey

About this file

Written by GovTribe AI · Oct 8, 2024

This document contains plan demographic and investment information for the Defined Contribution Retirement Program (DCRP) and Deferred Compensation Plan (DCP) managed by the State of New Jersey. The plans have a total of 163,987 unique participants, with 65,793 active participants in the DCRP and 44,446 active participants in the DCP. The plans have $7,771,608 and $4,819,081 in total assets, respectively. The plans offer a variety of investment options, including equity, fixed income, and balanced funds, with both institutional separate accounts and commingled trust fund options. The plans have experienced participant activity such as new enrollments, withdrawals, and distributions over the past 12 months. The document provides detailed information on the plans' participant demographics, investment options, and transaction activity.

The document does not contain information about a state or local contract opportunity. It appears to be an informational document providing details on the State of New Jersey's defined contribution retirement plans.

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Plan Data

10-May

PLAN DEMOGRAPHIC DATA

Plan Sponsor: State of New Jersey

Plan Name:	Defined Contribution Retirement Program (DCRP) & Deferred Compensation Plan (DCP)	For the information below, if there are multiple plans, complete this one time
		Participant Counts: Number of Unique Social Security Numbers Across All Plans
Vendor Name:	Empower	Per unique participant / SSN across multiple plans	163,987
		Per participant by plan (individual account by plan)	DCP - 57,369

DCRP - 107,578

Plan Assets / Accounts as of: 12/31/23

	401(a) DCRP	457(b) DCP
Employee Counts
Eligible—participating	65,725	35,775
Eligible—not participating	68	89,225
Non-eligible employees	59,207	- 0
Total	125,000	125,000

Participant Counts (include all participants with balance)
Active participants (with balance)	65,793	44,446
Terminated participants (with balance)	41,785	12,923
Actual participants with account balances	107,578	57,369

Union / Non-Union Employees
Union employees
Non-union employees
Total	- 0	- 0

Puerto Rico Employees
Covers Puerto Rico employees (yes / no)	Yes	No

Meeting Days
Number of participant locations	1,814	43
Location specifics (City, State)	Various NJ locations	Various NJ locations
Annual (group) education meeting days provided in prior 12 months	28	382
Number of full-time on-site representatives currently provided	10	10
Annual one-on-one meetings provided in prior 12 months	2,925	10,636

Annual Transaction Activity (Counts)	Actual # of Transactions in prior 12 months	Actual # of Transactions in prior 12 months
New enrollments	13,518	2,627
New loans originated	N/A	N/A
Distributions
In-service withdrawals	108	209
Hardship / unforeseen withdrawals	- 0	396
Final distributions / rollovers	2,928	6,988
Installments or periodic payments	325	811
RMDs	736	3,191
Return of excess contributions / deferrals	233	24
Participant requested wire transfers	- 0	- 0
QDROs	2	96

Required Notices
Email capture rate for electronic delivery—active employees	28%	65%
Email capture rate for electronic delivery—terminated employees	32%	45%

Plan Assets
Total plan assets (excluding loans, forfeitures, ERISA spending (expense) account, self-directed brokerage and managed accounts)	$7,771,608	$4,819,081
Forfeiture account balance	$7,618,744	$2,077
Float income for prior 12 month period
ERISA spending (expense) account balance	$152,864	$4,817,004

Average 3 Year Estimated Cash Flows	Year 1
Employee contributions	$37,664,302	$221,819,429
Employer contributions	$20,535,448	N/A
Rollover contributions	$589,648	$11,046,879
Loan repayments	N/A	N/A
Total inflows	$58,789,398	$232,866,308
Distributions / withdrawals	$14,456,648	$324,480,507
Loan initiations	N/A	N/A
Total outflows	$14,456,648	$324,480,507

Net cash flow (inflows less outflows) $44,332,750 -$91,614,199

Other Assets
Separate accounts (if applicable, list account(s))	See Investments Tab	See Investments Tab
Traded on NSCC platform (yes / no)	Yes	Yes
Custom portfolios (if applicable, lists fund(s))	DCP SV, Equity, SC Equity, Polen & Prudential IncomeFlex Target Balanced	DCP SV, Equity, SC Equity, Polen & Prudential IncomeFlex Target Balanced
Traded on NSCC platform (yes / no)	Yes	Yes
Model portfolios (if applicable, list fund(s))	GoalMaker, see Investments Tab	GoalMaker, see Investments Tab
Outstanding loans (assets / number of outstanding loans)	N/A	N/A
Self-directed brokerage (assets / number of participants)	N/A	N/A
Self-directed brokerage provider	N/A	N/A
Managed accounts (assets / number of participants)	N/A	N/A
Managed accounts provider	N/A	N/A

Payroll Information
Payroll frequencies (weekly, biweekly, semimonthly, etc.)	All	All
Number of separate payroll sites	1,814	43
Number of payroll feeds sent to vendor per year	none	less than 10
Number of reverse feeds sent to client per year	none	43
Number of payroll / day-to-day contacts	over 1800	43
Payroll system / vendor	In-house and multiple vendors used	In-house and multiple vendors used

Investments as of 12-31-2023

	Current / Preferred Fund Information
Put / MVA

Danielle Farmer:

Put-MVA refers to if there is any time period that the asset must be paid out under to avoid a surrender charge or if a MVA is taken at surrender	Current / Preferred Fund	Assets - 401(a) DCRP	Assets - 457(b) DCP	Assets - Plan 3	Assets - Plan 4	Assets - Plan 5	Assets - Plan 6	Assets - Plan 7	Assets - Plan 8	Ticker Symbol	CUSIP	Class Share	Asset Class
	1	No put or MVA applies	ARIEL INVESTMENTS SMALL/MID CAP VALUE FUND (IS PLATFORM)	$1,794,231	$78,916,352	$0	$0	$0	$0	$0	$0	*		Stock - Mid Cap US Equity
	2	No put or MVA applies	CALVERT EQUITY FUND CLASS I	$2,057,350	$38,772,226	$0	$0	$0	$0	$0	$0	CEYIX		Stock - Large Cap US Equity
	3	No put or MVA applies	CORE BOND ENHANCED INDEX / PGIM FUND	$8,313,458	$476,188,992							*		Bond - Core Fixed income
	4	No put or MVA applies	CORE PLUS BOND / PGIM FUND	$812,020	$78,672,367							*		Bond - Core Fixed income
	5	No put or MVA applies	DCP EQUITY FUND	$0	$607,241,232							*		Stock - Large Cap US Equity
	6	No put or MVA applies	DCP SMALL CAP EQUITY FUND	$0	$149,882,396							*		Stock - Small Cap US Equity
	7	Put or MVA applies	DCP STABLE VALUE FUND	$402,441,697	$1,249,235,535							**		Stable Principal - Stable Value
	8	No put or MVA applies	DODGE & COX INTERNATIONAL STOCK FUND	$1,454,949	$69,208,873							DODFX		Stock - International Equity
	9	Put or MVA applies	INCOMEFLEX TARGET BALANCED FUND	$2,326,740	$66,032,573							*		Combination - Target Date
	10	No put or MVA applies	INTERNATIONAL BLEND / LAZARD FUND	$7,332,016	$332,819,239							*		Stock - International Equity
	11	No put or MVA applies	INVESCO DEVELOPING MARKETS FUND CLASS Y	$3,195,869	$114,543,848							ODVYX		Stock - Emerging Market Equity
	12	No put or MVA applies	LARGE CAP GROWTH II FUND (MANAGED BY ALLIANCEBERNSTEIN)	$7,492,107	$187,118,885							*		Stock - Large Cap US Equity
	13	No put or MVA applies	LARGE CAP VALUE / LSV ASSET MANAGEMENT	$9,417,527	$376,144,161							*		Stock - Large Cap US Equity
	14	No put or MVA applies	PGIM QUANT SOLUTIONS LARGE-CAP CORE EQUITY FUND (IS PLATFORM)	$1,943,741	$268,628,789							*		Stock - Large Cap US Equity
	15	No put or MVA applies	PGIM QUANT SOLUTIONS MID-CAP CORE EQUITY FUND (IS PLATFORM)	$3,120,253	$149,234,807							*		Stock - Mid Cap US Equity
	16	No put or MVA applies	PIMCO ALL ASSET FUND INSTITUTIONAL CLASS	$4,652,117	$186,405,433							PAAIX		Combination - Balanced
	17	No put or MVA applies	POLEN CAPITAL LARGE CAP GROWTH	$10,433,147	$379,620,669							*		Stock - Large Cap US Equity
	18	No put or MVA applies	SMALL CAP GROWTH II FUND (MANAGED BY WELLINGTON)	$5,609,906	$186,693,877							*		Stock - Small Cap US Equity
	19	No put or MVA applies	SMALL CAP VALUE I FUND (MANAGED BY BNYM NEWTON)	$2,804,821	$147,532,495							*		Stock - Small Cap US Equity
	20	No put or MVA applies	VANGUARD DEVELOPED MARKETS INDEX FUND	$172,314	$4,322,035							*		Stock - International Equity
	21	No put or MVA applies	VANGUARD EMERGING MARKETS STOCK INDEX FUND	$81,527	$1,683,032							*		Stock - International Equity
	22	No put or MVA applies	VANGUARD INSTITUTIONAL INDEX FUND INSTITUTIONAL PLUS SHARES	$19,336,788	$349,878,246							*		Stock - Large Cap US Equity
	23	No put or MVA applies	VANGUARD MID CAP INDEX ADMIRAL	$223,100	$5,743,963							*		Stock - Mid Cap US Equity
	24	No put or MVA applies	VANGUARD SMALL CAP INDEX	$198,839	$6,207,362							*		Stock - Small Cap US Equity
	25	No put or MVA applies	VANGUARD TOTAL BOND MARKET INDEX	$301,647	$5,085,744							*		Bond - Core Fixed income
	26	No put or MVA applies	VANGUARD TOTAL INTERNATIONAL BOND INDEX	$25,372	$834,442							*		Bond - Core Fixed income
	27	No put or MVA applies	VANGUARD WELLESLEY INCOME FUND (ADMIRAL SHARES)	$3,774,865	$110,098,298							*		Combination - Balanced
	28
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		Totals		$499,316,403	$5,626,745,870	$0	$0

*Institutional Separate Account: DCP Equity, Small Cap & Polen are single client accounts.

** CIT

Funds identified in Bold are included in the GoalMaker portfolios

Sheet3

Asset Class Options	Put / MVA
All Asset	No put or MVA applies
Bond - Core Fixed income	Put or MVA applies
Bond - Emerging Market Bonds - USD
Bond - High Yield
Bond - Long Duration Bonds - Credit
Bond - Long Duration Bonds - Govt
Bond - Long Duration Bonds - Govt/Credit
Bond - Non-US Developed Bonds
Bond - TIPS
Cash
Combination - Balanced
Combination - Target Date
Global Balanced
Global Equity
Real Estate - Broad Market
Stable Principal - Money Market
Stable Principal - Stable Value
Stock - Emerging Market Equity
Stock - International Equity
Stock - Large Cap US Equity
Stock - Mid Cap US Equity
Stock - Small Cap US Equity
US REITs

File details come from the government source that posted it. Updated Oct 8, 2024.