New Jersey Resources Corporation 401(k): T. Rowe Price, match 5.4% max
New Jersey Resources Corporation Employees' Retirement Savings Plan · NJR · CIK 356309
T. Rowe Price is the recordkeeper named on the Form 5500 filed for this plan, the company that keeps the account records. Where to log in, and what the filing says.
Maximum employer match, as a share of pay
5.4%
New Jersey Resources Corporation matches 100% (dollar-for-dollar) of the first 3% of pay, then 80% of the next 3% of pay, for a maximum employer match of 5.4% of pay.
From the Form 11-K filed June 24, 2026 ↗, covering the plan year ended December 31, 2025. Page data last updated July 28, 2026, when the Form 5500 bulk data was last refreshed. Why filings lag
On this page: what the employer actually paid in · the formula, word for word · when the money becomes yours · who can join · who holds your account · what the plan reports to the DOL · how it compares · what to do next
What New Jersey Resources puts in, and what the plan costs
What New Jersey Resources put into the plan, per active participant
$7,777
New Jersey Resources Corporation put $7,777 into this plan for each of its 1,374 active participants in plan year 2024. This is the whole employer side of the plan: matching money, profit sharing, non-elective and safe-harbor contributions, and reallocated forfeitures. The Form 5500 does not separate them, so this is what the employer put in and not the match.
New Jersey Resources put in more per active participant than 71% of plans with 1,000–4,999 participants in investment management and securities. The middle plan in that group of 147 reported $5,000. Investment management and securities comes from business code 523900, which New Jersey Resources entered on its own Form 5500. Sponsors pick that code themselves, so a code that does not describe what the employer does ranks the plan against the wrong companies.
What this figure cannot separate: how much New Jersey Resources pays, and how much it puts in
This is dollars, not a rate. A Form 5500 carries no payroll, so the figure reflects both how much the employer puts in and how much the employer pays: two plans running the same formula report different amounts when one pays better. Crossing the peer group with industry holds most of that difference still, and none of it disappears.
This is one plan year, not an average. A true-up, a plan merger or a one-off contribution moves a single year on its own.
Source: DOL Form 5500 for the plan year ended December 31, 2024, EIN 222376465, plan 005 · DOL EFAST2 ↗
The $7,777 above is the Form 5500 figure for plan year 2024, and it counts every employer dollar on one line. New Jersey Resources Corporation also files a Form 11-K, which states the match formula for plan year 2025: the card below reads $2,673 a year at a $49,500 salary, and the same filing states employer contributions made outside the match. That second figure is what the formula pays one worker on that salary, and not an amount either filing reports. The two figures cover different plan years and measure different things, so neither one is the other one corrected.
What New Jersey Resources puts in
$2,673
a year, at a $49,500 salary.
The match paragraph, word for word
“For 2025, Company contributed an amount equal to 100% of the first 3% and 80% of the next 3% of the pre-tax and/or after-tax participant contributions, subject to certain exceptions as described in the Plan document.”
What you contribute to collect all of it
Contribute at least 6% of your pay to collect the full match.
That is $2,970 a year at a $49,500 salary, and it scales with your own.
Vesting score
100 out of 100
How fast the employer’s money becomes yours. Higher than 48% of the 369 schedules we have scored.
It measures vesting speed and nothing else. It says nothing about the size of the match, what the plan charges, or the funds inside it.
Share of the employer's money that is the worker's at hire and at each of the first 6 anniversaries: 100%, 100%, 100%, 100%, 100%, 100%, 100%. The score is the average of those 7 readings.
Vesting, word for word
“All employer matching and special contributions for eligible employees are 100% vested at the time of contribution. Contributions are subject to limitations. Employee contributions vest at 100% when made.”
The wait before the match starts and the year-end true-up appear above when the filing states them. Neither is part of the score, and a filing that is silent on one of them is not a plan without it.
What the plan costs, against plans of its size
99th percentile
$309.94 per participant in plan-paid administrative cost, more expensive than 99% of plans with 1,000–4,999 participants.
What is New Jersey Resources' 401(k) match formula?
New Jersey Resources' 401(k) employer match tops out at 5.4% of pay. A tiered formula pays its best rate on the first slice of pay and less on the next, which is how the rate steps down.
| Match formula | 100% (dollar-for-dollar) of the first 3% of pay |
|---|---|
| then | 80% of the next 3% of pay |
| Maximum employer match | 5.4% of compensation |
| Other employer contribution | Employer Special Contribution: 4% of base compensation for employees with 1-5 years of service, 5% for employees with 5+ years of service, for non-transitioned union employees of NJR Home Services, union employees hired on or after 2012-01-01, and non-represented employees hired on or after 2009-10-01 (employees not covered by the Company's defined benefit plans) |
At a $60,000 salary, contributing 6% ($3,600) earns the full employer match of $3,240 for the year.
What the filing says, word for word
“For 2025, Company contributed an amount equal to 100% of the first 3% and 80% of the next 3% of the pre-tax and/or after-tax participant contributions, subject to certain exceptions as described in the Plan document.”
Source: Form 11-K filed June 24, 2026, SEC EDGAR, corroborated by the filing's inline-XBRL facts · SEC ↗
What is New Jersey Resources' 401(k) vesting schedule?
New Jersey Resources vests the employer match immediately: 100% is yours as soon as it is paid in. Nothing is forfeited when you leave, which is not true of the two schedules that vest over time.
| Employer match vesting | Immediate: employer match is 100% vested when contributed |
|---|---|
| Your own contributions | Immediate: always 100% yours |
| Accelerated vesting | Full vesting upon plan termination |
| Other employer contributions | 100% vested at the time of contribution, same as the employer match |
Vesting, word for word
“All employer matching and special contributions for eligible employees are 100% vested at the time of contribution. Contributions are subject to limitations. Employee contributions vest at 100% when made.”
Source: Form 11-K filed June 24, 2026, SEC EDGAR · SEC ↗
Who can join New Jersey Resources' 401(k), and is enrollment automatic?
New Jersey Resources enrolls new hires automatically at 3% of pay, rising each year to 6% of pay.
| Plan entry | First available pay period following completion of 30 days of service |
|---|---|
| Automatic enrollment | Yes: default deferral 3% of pay; auto-escalation up to 6%; default investment: T. Rowe Price Retirement Year Funds (target-date, by participant year of birth) |
Eligibility, word for word
“All permanent employees of the Company and its subsidiaries who have completed 30 days of service are eligible to participate on a voluntary basis.”
Automatic enrollment, word for word
“Eligible employees are automatically enrolled in the Plan at 3% and their pre-tax contributions are automatically escalated each year up to 6%. Payroll deductions begin with the first available pay period following the completion of 30 days of service, unless the employee elects not to participate. The Plan’s default investments are various T. Rowe Price Retirement Year Funds, which are based on the participants’ year of birth.”
Source: Form 11-K filed June 24, 2026, SEC EDGAR · SEC ↗
Who holds your account
Schedule C of the Form 5500 filed for plan year 2024 reports T. Rowe Price, filed as “T ROWE PRICE RPS INC”. That is the company paid to keep the account records: what is in an account, what went into it, and usually the site a participant signs in to. The trustee that holds the plan’s assets can be a different company, and this filing does not name it.
801 plans on file name T. Rowe Price as their recordkeeper. Of those, the 800 with a computable fee have a median plan-paid cost of $86.70 per participant.
Participants log in at T. Rowe Price Workplace ↗. 401(k) Monitor is not affiliated with T. Rowe Price or with any other recordkeeper, and takes nothing for this link. It is here because that is where the account is.
| Recordkeeper | T. Rowe Price |
|---|---|
| Recordkeeper address | 1307 Point Street, Baltimore, MD 21231 |
What does the New Jersey Resources plan report on Form 5500?
The New Jersey Resources plan reported $360.4M in assets and 1,632 participants for plan year 2024.
| Total plan assets | $360,444,094 |
|---|---|
| Participants | 1,632 |
| Plan-paid admin cost per participant | $309.94 |
How that cost compares
This plan pays $309.94 per participant. The median across plans in investment management and securities is $111.34, from the 882 of 960 whose Form 5500 yields a per-participant cost.
Read from the Form 5500 filing of New Jersey Resources Corporation Employees' Retirement Savings Plan, which has no page of its own here.
How does New Jersey Resources' 401(k) match compare?
New Jersey Resources Corporation's maximum 401(k) match of 5.4% of pay compares with a median of 4% across the 269 companies in our data with a computable formula.
Employers worth reading next
Of the six employers below, three file in investment management and securities, two report the same recordkeeper and one vests on the same schedule.
Maximum match 5% of pay. Also in investment management and securities.
Maximum match 6% of pay. Also in investment management and securities.
Maximum match 5% of pay. Also in investment management and securities.
Maximum match 5% of pay. Same recordkeeper, T. Rowe Price.
Employer match vests immediately. Same recordkeeper, T. Rowe Price.
Maximum match 4% of pay. Vests immediately too, like New Jersey Resources.
Compare New Jersey Resources Corporation with any company, side by side
What can you do next?
- Read the Form 11-K on SEC EDGAR ↗
Form 11-K filed June 24, 2026, SEC EDGAR. Every match fact on this page comes from it.
- Changed jobs? Find an old 401(k) ↗
The Department of Labor's Retirement Savings Lost & Found, a free government database.
- This year's IRS contribution limits ↗
The official deferral and catch-up limits every formula operates under.
Questions this filing answers
What is New Jersey Resources Corporation's 401(k) match?
New Jersey Resources Corporation matches 100% (dollar-for-dollar) of the first 3% of pay, then 80% of the next 3% of pay, for a maximum employer match of 5.4% of compensation (plan year ended December 31, 2025).
When does the New Jersey Resources Corporation 401(k) match vest?
Immediate: employer match is 100% vested when contributed.
Does New Jersey Resources Corporation's 401(k) plan have automatic enrollment?
Yes: default deferral 3% of pay; auto-escalation up to 6%; default investment: T. Rowe Price Retirement Year Funds (target-date, by participant year of birth).
Who is the recordkeeper for New Jersey Resources Corporation's 401(k)?
T. Rowe Price is named as the recordkeeper on the Form 5500 filed for New Jersey Resources Corporation Employees' Retirement Savings Plan for plan year 2024. That is the company paid to keep the account records: what is in an account, what went into it, and usually the site a participant signs in to.
Source
The match formula, the vesting schedule and the enrollment rules on this page were read from one document: the Form 11-K annual report that New Jersey Resources Corporation filed with the US Securities and Exchange Commission for the plan year ended December 31, 2025. Each of those fields carries the filing sentence it was read from, expandable where the field appears. Nothing on this page was supplied by the employer to this site.
The plan assets, the participant counts, the plan-paid fees and the recordkeeper come from a different document, the plan’s DOL Form 5500 annual return, and the section that reports them links it. Comparisons with other employers are computed across the filings named in the section they appear in.
Read the filing on SEC EDGAR ↗
| Document | Form 11-K annual report |
|---|---|
| Filed with | US Securities and Exchange Commission (EDGAR) |
| Filed by | New Jersey Resources Corporation |
| SEC CIK | 356309 |
| Accession number | 0000356309-26-000035 |
| Plan | New Jersey Resources Corporation Employees' Retirement Savings Plan |
| Period of report | December 31, 2025 |
| Filed | June 24, 2026 |
401(k) Monitor is not affiliated with New Jersey Resources Corporation, with the Securities and Exchange Commission or with this plan’s recordkeeper, and publishes this page without their involvement. It republishes a public filing and says where it came from.
Cite this page
401(k) Monitor, “New Jersey Resources Corporation 401(k) plan facts”, from SEC Form 11-K accession 0000356309-26-000035, plan year ended December 31, 2025.
