Requires establishment of financial advisory services program for participants of State's deferred compensation plan.

This bill requires New Jersey's Department of the Treasury to create a low-cost financial advisory program for state employees enrolled in the Deferred Compensation Plan. It mandates contracting with a qualified vendor to provide personalized retirement planning advice, including strategies for replacement income after retirement and alternatives to the plan's investment options. The vendor must act as a fiduciary with no commissions, and fees for participants will be capped based on their account value. The program aims to help employees make informed financial decisions without imposing excessive costs.