No you are not correct.
NJ says:
Section 401(k) Plans
If you made contributions:
1. On or after January 1, 1984, your contributions to your 401(k) Plan were not included as income when they were made, unless the contributions exceeded the federal elective deferral limit. As a result, you must report all distributions on your New Jersey Income Tax return because they are fully taxable;
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Even though reported on Line 5, a 401k is not a pension plan.
most companies no longer offer pensions.
