Two of the finest deferred-compensation plans in the nation are offered to the employees of the State and City of New York.
With that said, the most common mistake I come across when helping participants select their investments is their use of the core investment funds in addition to a pre-arranged portfolio. The pre-arranged portfolios are designed to be used for your entire investment. These investment funds are comprised of the core investment funds. You are losing the full value of a pre-arranged portfolio if you do not invest all your money in the portfolio.