Exhibit 5 - Asset Summary By Investment Option.xlsx

This is an Asset Summary spreadsheet for two defined contribution retirement plans administered by the State of New Jersey: the New Jersey State Employees Deferred Compensation Plan (NJSEDCP), a 457(b) governmental plan, and the New Jersey Defined Contribution Retirement Program (NJDCRP), a 401(a) plan, as of December 31, 2025. The NJSEDCP serves 163,987 participants across multiple investment options with total plan assets of approximately $6.64 billion, while the NJDCRP serves participants with total assets of approximately $660 million. The investment options across both plans include asset allocation funds, international funds, small cap funds, mid cap funds, large cap funds, balanced funds, bond funds, and stable value funds. The NJSEDCP's largest investment allocation is the Vanguard Institutional Index Fund (Institutional Plus Shares) with $1.38 billion in assets, followed by the Large Cap Value/LSV Asset Management fund with $442 million and the DCP Stable Value Fund with $1.29 billion. The NJDCRP similarly shows significant concentration in the DCP Stable Value Fund with $520 million, representing the majority of plan assets, and the Vanguard Institutional Index Fund with $35.5 million.

The asset summary reflects the investment distribution across 27 investment options managed by multiple vendors including Vanguard, PGIM, Invesco, Dodge & Cox, Schroders, Ariel, Wellington, Alliance Bernstein, Calvert, Polen Capital, LSV Asset Management, Empower, and Prudential. The incumbent service provider, Empower (formerly Prudential), currently manages several of the plan's core investment vehicles and stable value offerings. The combined plans represent substantial assets totaling approximately $7.3 billion, with the NJSEDCP representing approximately 90 percent of total assets. The diversified portfolio structure indicates active investment management across multiple asset classes, with international funds comprising over $750 million of the NJSEDCP's holdings and large cap funds representing the largest single category at $2.85 billion in the NJSEDCP.