The tax treatment depends upon made the contributions were made.
Contributions made after 1/1/84 were not taxed when they were made. As such, the distributions are fully taxable.
Contributions made before 1/1/84 were taxed when they were made. As such, you would need to calculate how much is taxable and how much is excluded from your distributions.
Please see pages 13-15 of the attached publication for more information as to how the amount is determined.
NJ 401(k) calculation sample
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