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457 Plan Sponsor of the Year Finalist: New Jersey Department of Treasury
For New Jersey’s state deferred compensation plan, “the emphasis for the longest time was on, ‘Let’s keep the costs down,’” says Joseph Zisa, Chief of the Bureau of Defined Benefit & Contribution Plans Reporting at the State of New Jersey Department of the Treasury. That led the 457 to do plan administration in-house, and its fund expenses ran as low as eight to 10 basis points.
Reported by Judy Ward
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