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 state's deferred compensation plan (a retirement savings program). The program would provide individualized advice on investments, retirement income planning, and alternatives to the plan's offerings. The Treasury must contract with a vendor that acts in participants' best interests (with no commissions), charges fees based on participants' account balances (capped to keep costs reasonable), and avoids conflicts of interest. The program would initially serve current plan participants, with potential future expansion to all eligible state employees.