Exhibit 1 - DCP-DCRP Demographic and Investment Information 12.31.2023.xlsx

40 KB Posted

Attached to
T2327 - Defined Contribution Retirement Program Administrative Services: NJSEDCP & NJDCRP
Solicitation number
26DPP01201
Issued by
New Jersey

About this file

Written by GovTribe AI ·

This is a demographic and investment data exhibit for the State of New Jersey's Defined Contribution Retirement Program (DCRP) and Deferred Compensation Plan (DCP), with data current as of December 31, 2023, and managed by vendor Empower. The plans collectively serve 163,987 unique participants across 1,814 participant locations for DCRP and 43 locations for DCP. DCRP maintains 65,725 eligible-participating employees and 107,578 actual participants with account balances, while DCP has 35,775 eligible-participating employees and 57,369 actual participants with account balances. The plans encompass diverse transaction activities including 13,518 new enrollments for DCRP and 2,627 for DCP in the prior 12 months, along with distributions, rollovers, loan originations, and required minimum distributions. Annual education and outreach include 28 group meeting days and 2,925 one-on-one meetings for DCRP, and 382 group meetings and 10,636 one-on-one meetings for DCP, supported by 10 full-time on-site representatives for each plan.

As of December 31, 2023, DCRP maintains total plan assets of $499,316,403 with a forfeiture account balance of $7,618,744, while DCP holds significantly larger assets of $5,626,745,870 with a forfeiture account balance of $2,077. Three-year estimated cash flow projections show DCRP with net positive inflows of $44,332,750 annually, while DCP reflects net negative cash flows of -$91,614,199 annually due to higher distributions. The investment portfolio across both plans includes 27 distinct funds spanning multiple asset classes including large-cap and small-cap equities, international equities, fixed income instruments, stable value funds, and balanced combination funds, with select funds featuring put or market value adjustment provisions. Payroll processing occurs through multiple in-house and external vendors, with 1,814 payroll sites for DCRP and 43 for DCP, requiring coordination of participant contributions, employer contributions, and rollover contributions.

View the file

Other files

File Type Posted
Calvert Equity Fund Class.pdf PDF
T2327 Bid Solicitation 12. 09. 2025.docx DOCX document
Polen Capital Large Cap Growth.pdf PDF
Vanguard Mid Cap Index Admiral.pdf PDF
Large Cap Growth II Fund (managed by AllianceBernstein).pdf PDF
Attachment 3- State of NJ Technical Questionnaire 12.09.2025.xlsx XLSX spreadsheet
Vanguard Developed Markets Index Fund.pdf PDF
Vanguard Emerging Markets Stock Index Fund.pdf PDF
Vanguard Institutional Index Fund Institutional Plus Shares.pdf PDF
PGIM Quant Solutions Mid-Cap Core Equity Fund (IS Platform).pdf PDF
Invesco MK FD.pdf PDF
Core Plus Bond _ PGIM Fund.pdf PDF
Ariel Investments Small_Mid Cap Value Fund (IS Platform).pdf PDF
PESP IncomeFlexTarget Balanced Fund.pdf PDF
Vanguard Wellesley Income Fund (Admiral Shares).pdf PDF
Attachment 1 - Combined State of New Jersey Standard Terms and Conditions 6.3.2025~3.pdf PDF
Exhibit 5 - Asset Summary By Investment Option.xlsx XLSX spreadsheet
PGIM Quant Solutions Large-Cap Core Equity Fund (IS Platform).pdf PDF
T2327 Bid Amendment 1 02.09.2026.docx DOCX document
Vanguard Total Bond Market Index.pdf PDF
T2327 Bid Amendment 4 03.30.2026.docx DOCX document
T2327 State-Supplied Price Sheet 12.09.2025.xlsx XLSX spreadsheet
T2327 Bid Amendment 2 02.27.2026 .docx DOCX document
DCP Small Cap Equity Fund.pdf PDF
Attachment 2 - Standard Procurement Forms Packet 12.09.2025.pdf PDF
DCP Equity Fund.pdf PDF
T2327 Bid Amendment 5 04.15.26.docx DOCX document
Small Cap Value I Fund (managed by BNYM Newton).pdf PDF
Vanguard Total International Bond Index.pdf PDF
Exhibit 6 -Location and Participation Data.xlsx XLSX spreadsheet
Exhibit 2_NJ State Employee Deferred Compensation Plan ~2.pdf PDF
Large Cap Value _ LSV Asset Management.pdf PDF
Attachment 4 - State of New Jersey Third-Party Information Security Questionnaire~2.pdf PDF
International Blend _ Lazard Fund.pdf PDF
T2327 Optional Pre-Quote Conference~3.pptx PPTX presentation
Vanguard Small Cap Index.pdf PDF
New Jersey State Employees Deferred Compensation Plan.pdf PDF
Small Cap Growth II Fund (managed by Wellington).pdf PDF
PIMCO All Asset Fund Institutional Class.pdf PDF
T2327 Bid Amendment 6 04.29.2026.docx DOCX document
T2327 Revised Bid Solicitation 04.29.2026.docx DOCX document
Dodge.pdf PDF
Exhibit 4 -Fund Fact Sheets~2.zip ZIP file
T2327 Bid Amendment 3 03.12.2026.docx DOCX document
Exhibit 3_NJ Defined Contribution Retirement Program Document~2.pdf PDF
Appendix A - Performance Standards 12.09.2025.docx DOCX document
Core Bond Enhanced Index _ PGIM Fund.pdf PDF
Show all 47

On GovTribe

Work with this file

  • Download the original file
  • Contacts named in this file
  • Similar government files
  • Ask GovTribe AI about this file
Try for free Login

Text version

The file's text, extracted by GovTribe without its formatting.

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:EmpowerPer unique participant / SSN across multiple plans163,987
Per participant by plan (individual account by plan)DCP - 57,369

DCRP - 107,578

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

401(a) DCRP457(b) DCP
Employee Counts
Eligible—participating65,72535,775
Eligible—not participating6889,225
Non-eligible employees59,207- 0
Total125,000125,000
Participant Counts (include all participants with balance)
Active participants (with balance)65,79344,446
Terminated participants (with balance)41,78512,923
Actual participants with account balances107,57857,369
Union / Non-Union Employees
Union employees
Non-union employees
Total- 0- 0
Puerto Rico Employees
Covers Puerto Rico employees (yes / no)YesNo
Meeting Days
Number of participant locations1,81443
Location specifics (City, State)Various NJ locationsVarious NJ locations
Annual (group) education meeting days provided in prior 12 months28382
Number of full-time on-site representatives currently provided1010
Annual one-on-one meetings provided in prior 12 months2,92510,636
Annual Transaction Activity (Counts)Actual # of Transactions in prior 12 monthsActual # of Transactions in prior 12 months
New enrollments13,5182,627
New loans originatedN/AN/A
Distributions
In-service withdrawals108209
Hardship / unforeseen withdrawals- 0396
Final distributions / rollovers2,9286,988
Installments or periodic payments325811
RMDs7363,191
Return of excess contributions / deferrals23324
Participant requested wire transfers- 0- 0
QDROs296
Required Notices
Email capture rate for electronic delivery—active employees28%65%
Email capture rate for electronic delivery—terminated employees32%45%
Plan Assets
Total plan assets (excluding loans, forfeitures, ERISA spending (expense) account, self-directed brokerage and managed accounts)$499,316,403$5,626,745,870
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 FlowsYear 1
Employee contributions$37,664,302$221,819,429
Employer contributions$20,535,448N/A
Rollover contributions$589,648$11,046,879
Loan repaymentsN/AN/A
Total inflows$58,789,398$232,866,308
Distributions / withdrawals$14,456,648$324,480,507
Loan initiationsN/AN/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 TabSee Investments Tab
Traded on NSCC platform (yes / no)YesYes
Custom portfolios (if applicable, lists fund(s))DCP SV, Equity, SC Equity, Polen & Prudential IncomeFlex Target BalancedDCP SV, Equity, SC Equity, Polen & Prudential IncomeFlex Target Balanced
Traded on NSCC platform (yes / no)YesYes
Model portfolios (if applicable, list fund(s))GoalMaker, see Investments TabGoalMaker, see Investments Tab
Outstanding loans (assets / number of outstanding loans)N/AN/A
Self-directed brokerage (assets / number of participants)N/AN/A
Self-directed brokerage providerN/AN/A
Managed accounts (assets / number of participants)N/AN/A
Managed accounts providerN/AN/A
Payroll Information
Payroll frequencies (weekly, biweekly, semimonthly, etc.)AllAll
Number of separate payroll sites1,81443
Number of payroll feeds sent to vendor per yearnoneless than 10
Number of reverse feeds sent to client per yearnone43
Number of payroll / day-to-day contactsover 180043
Payroll system / vendorIn-house and multiple vendors usedIn-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 surrenderCurrent / Preferred FundAssets - 401(a) DCRPAssets - 457(b) DCPAssets - Plan 3Assets - Plan 4Assets - Plan 5Assets - Plan 6Assets - Plan 7Assets - Plan 8Ticker SymbolCUSIPClass ShareAsset Class
1No put or MVA appliesARIEL 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
2No put or MVA appliesCALVERT EQUITY FUND CLASS I$2,057,350$38,772,226$0$0$0$0$0$0CEYIXStock - Large Cap US Equity
3No put or MVA appliesCORE BOND ENHANCED INDEX / PGIM FUND$8,313,458$476,188,992*Bond - Core Fixed income
4No put or MVA appliesCORE PLUS BOND / PGIM FUND$812,020$78,672,367*Bond - Core Fixed income
5No put or MVA appliesDCP EQUITY FUND$0$607,241,232*Stock - Large Cap US Equity
6No put or MVA appliesDCP SMALL CAP EQUITY FUND$0$149,882,396*Stock - Small Cap US Equity
7Put or MVA appliesDCP STABLE VALUE FUND$402,441,697$1,249,235,535**Stable Principal - Stable Value
8No put or MVA appliesDODGE & COX INTERNATIONAL STOCK FUND$1,454,949$69,208,873DODFXStock - International Equity
9Put or MVA appliesINCOMEFLEX TARGET BALANCED FUND$2,326,740$66,032,573*Combination - Target Date
10No put or MVA appliesINTERNATIONAL BLEND / LAZARD FUND$7,332,016$332,819,239*Stock - International Equity
11No put or MVA appliesINVESCO DEVELOPING MARKETS FUND CLASS Y$3,195,869$114,543,848ODVYXStock - Emerging Market Equity
12No put or MVA appliesLARGE CAP GROWTH II FUND (MANAGED BY ALLIANCEBERNSTEIN)$7,492,107$187,118,885*Stock - Large Cap US Equity
13No put or MVA appliesLARGE CAP VALUE / LSV ASSET MANAGEMENT$9,417,527$376,144,161*Stock - Large Cap US Equity
14No put or MVA appliesPGIM QUANT SOLUTIONS LARGE-CAP CORE EQUITY FUND (IS PLATFORM)$1,943,741$268,628,789*Stock - Large Cap US Equity
15No put or MVA appliesPGIM QUANT SOLUTIONS MID-CAP CORE EQUITY FUND (IS PLATFORM)$3,120,253$149,234,807*Stock - Mid Cap US Equity
16No put or MVA appliesPIMCO ALL ASSET FUND INSTITUTIONAL CLASS$4,652,117$186,405,433PAAIXCombination - Balanced
17No put or MVA appliesPOLEN CAPITAL LARGE CAP GROWTH$10,433,147$379,620,669*Stock - Large Cap US Equity
18No put or MVA appliesSMALL CAP GROWTH II FUND (MANAGED BY WELLINGTON)$5,609,906$186,693,877*Stock - Small Cap US Equity
19No put or MVA appliesSMALL CAP VALUE I FUND (MANAGED BY BNYM NEWTON)$2,804,821$147,532,495*Stock - Small Cap US Equity
20No put or MVA appliesVANGUARD DEVELOPED MARKETS INDEX FUND$172,314$4,322,035*Stock - International Equity
21No put or MVA appliesVANGUARD EMERGING MARKETS STOCK INDEX FUND$81,527$1,683,032*Stock - International Equity
22No put or MVA appliesVANGUARD INSTITUTIONAL INDEX FUND INSTITUTIONAL PLUS SHARES$19,336,788$349,878,246*Stock - Large Cap US Equity
23No put or MVA appliesVANGUARD MID CAP INDEX ADMIRAL$223,100$5,743,963*Stock - Mid Cap US Equity
24No put or MVA appliesVANGUARD SMALL CAP INDEX$198,839$6,207,362*Stock - Small Cap US Equity
25No put or MVA appliesVANGUARD TOTAL BOND MARKET INDEX$301,647$5,085,744*Bond - Core Fixed income
26No put or MVA appliesVANGUARD TOTAL INTERNATIONAL BOND INDEX$25,372$834,442*Bond - Core Fixed income
27No put or MVA appliesVANGUARD WELLESLEY INCOME FUND (ADMIRAL SHARES)$3,774,865$110,098,298*Combination - Balanced
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
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 OptionsPut / MVA
All AssetNo put or MVA applies
Bond - Core Fixed incomePut 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 .