Public Employees Retirement Association for the … · Public Employees Retirement Association for...

Third Quarter 2017 Plan Review September 30, 2017

Public Employees Retirement Association for the

Deferred Compensation Plan

Santa Fe, NM 87507

Nationwide Retirement Solutions10 W. Nationwide Boulevard

5-05-115XColumbus, OH 43215

Local Address:3600 Rodeo Lane, Suite B1

Administered by:

Section Topic Page(s)

Executive Summary 1

I Participant Education Services

2

2

3

4

5

6-12

13131415

161617171818191920202121

15

22

2324242525

2627272828

-Enrollment Activity

-Enrollment Activity Summary

-New Enrollment Contributions by Investment Options

-Investment Diversification - New Participants by Number of Funds

-Investment Diversification - New Participants by Number of Asset Classes

-Investment Diversification - New Participants Invested in LifeCycle Portfolios

-Group Meetings and Marketing Material

-Payout Activity

-Payout Activity Summary

-Unforeseeable Withdrawal Activity

-Lump Sum/Non-Systematic Withdrawal Activity - Total Requests-Systematic Withdrawal Distribution - Total Dollar Amounts

-Systematic Withdrawal Distribution - Total Participants -Rollovers In - Total Dollar Amounts

-Rollovers In - Total Participants

-Rollovers Out - Total Dollar Amounts

-Rollovers Out - Total Participants

-All Loans - Total Dollar Amounts

-All Loans - Total Participants

-All Loans - Total Amount of Default Loans

-All Loans - Total Number of Default Loans

-General Purpose Loans - Total Dollar Amounts

-General Purpose Loans - Total Participants

-Residential Purchase Loans - Total Dollar Amounts

-Residential Purchase Loans - Total Participants

-Self Directed Brokerage Options - Total Dollar Amounts

-Self Directed Brokerage Options - Total Participants

-Participant Services

-Participant Statements

-VRU Utilization

-Internet Utilization

-Online Advice

-Customer Service Utilization

-Spanish Customer Service Utilization

-Participant Statistics

-Average Participant Account Balance by Age Group

-Participants with a Balance by Age Group

-Average Annualized Participant Deferrals by Age Group

-Participants Actively Deferring by Age Group

-Participants with a Balance by Asset Range

-Participants with Balance

-Paycenters Participant Count

II Fund Investments

-Assets and Contributions Summary

-Assets by Investment Carrier 32-Contributions by Investment Carrier 33-Assets by Asset Class Summary 34-Assets by Asset Class Detail

-Contributions by Asset Class Summary

-Contributions by Asset Class Detail 38-39

-Investment Summary

-Investment Diversification - All Participants by Number of Funds 40-Investment Diversification - All Participants by Number of Asset Classes 41-Investment Diversification - All Participants Invested in LifeCycle Portfolios 42-Investment Performance - Total Return 43-45

-Fee Summary

-Quarterly Fee Reconciliation 46

Table of Contents

22

26

23

29-31

35-3637

Executive Summary

3Q2017 Executive Summary

Important Plan Stats & Demographics

Current Assets: Total Participants:

$583,013,496 (see page 32) 20,777 (see page 28)

• Median Account Balance: $6,734• Increased Contributions: 466 (see page 2) Reinstatements: Rollovers-In Activity: Rollovers-Out Activity: Loan Activity: UE Activity: Lifecycle Funds:

23 pag(see e 2) 31 new rollovers in representing $660,267 (see page 16) 45 new rollovers out representing $4,312,814 (see page 17) 253 loans totaling $1,513,052 approved (see page 18) 104 unforeseeable emergency requests totaling $181,889 approved (see page 13) 612 new participants enrolled in the lifecycle portfolios. (see page 5) 65.25% of participants are diversified in 5 or more asset classes. (see page 41) 63.25% of participants use Lifecycle Funds to achieve this diversification. (see page 42)

Enrollment Activities

Nationwide representatives enrolled 608 employees during the quarter, conducted 268 workshops and held 480individual meetings reaching approximately 2,469 employees.

Achievements

The pension estimator was added to the New Mexico PERA website (www.newmexico457dc.com).

The new website banners were posted to the website.

Mailed targeted fee structure change letters to participants.

New fee structure was applied.

The Nuestros Valeros Charter School and Middle Rio Grande Conservancy District plans were added.

EZ enrollment form was included in the PERA member annual statement mailing.

Upcoming Items PERA, NRS, Meketa annual strategy meeting.

Fiscal Year 2016/17 audit is in its final reporting stages to be completed 4th quarter.

Discussion and planning around online enrollment and contribution changes.

PERA, NRS and Meketa are working on a contract with Prudential to soon add the PRREF II Real Estate fund to theLifecycle Portfolio lineup.

Page 1

Participant Education Services

Enrollment Activity

Enrollment Activity Summary

4Q16 1Q17 2Q17 3Q17New Enrollments 862 558 577 608Increased Contributions 315 502 469 466Reinstatements 28 49 34 23Decreases 141 127 128 110Stops 60 51 50 52*There were 608 new enrollments signed and 635 new accounts that received first deferral by quarter end.

New Enrollment Contributions by Investment Class

Investment Option

3Q17 New Enrollment

Contributions %LifeCycle Portfolios $147,729 66.05%International Stock $6,681 2.99%Small-Cap Stock $630 0.28%Mid-Cap Stock $4,389 1.96%Large-Cap Stock $14,736 6.59%Bonds $1,658 0.74%Balanced Funds $2,305 1.03%Specialty $4,657 2.08%New Mexico Stable Value Fund $40,883 18.28%Total Investments $223,668 100%

New Mexico Stable Value Fund

18.28%

Mid-Cap Stock1.96%

Large-Cap Stock6.59% Bonds

0.74%

Balanced Funds1.03%

Specialty Funds2.08%

International Stock2.99%

Small-Cap Stock0.28%

LifeCycle Portfolios66.05%

558 608577

862

315

502 469 466

34 2328 49

141 127 128110

60 51 50 52

0

200

400

600

800

1,000

4Q16 1Q17 2Q17 3Q17

Page 2

Enrollment Activity (continued)

Investment Diversification - New Participants by Number of Funds

One 715 398 495 602Two 107 14 8 10Three 14 2 4 14Four 7 9 2 4Five 5 1 3 1Six 5 8 5 1Seven 2 3 0 1Eight 3 2 1 0Nine 0 0 0 0Ten+ 4 2 3 2Total # of New Participants**

862 439 521 635

**Total # of participants includes those using one or more LifeCycle Portfolios. One LifeCycle Portfolio equals one fund.

*These numbers represent the new participants who deferred into the plan by September 30, 2017.

# of Participants 2Q17

Number of Funds# of Participants

4Q16# of Participants

3Q17*# of Participants

1Q17

602

10 14 4 1 1 1 0 0 20

100

200

300

400

500

600

700

800

3Q17*

One Two Three Four Five Six Seven Eight Nine Ten+

Page 3


Investment Diversification - New Participants by Number of Asset Classes

One 17 23 25 14Two 5 5 3 5Three 6 2 2 4Four 4 5 1 1Five+ 830 404 490 611Total # of New Participants**

862 439 521 635

*These numbers represent new participants who deferred into the plan by September 30, 2017.

**Participants taking advantage of LifeCycle Portfolios are captured as investing in 5+ asset classes.

# of Participants

4Q16

# of Participants

1Q17

# of Participants

2Q17

# of Participants

3Q17

Number of Asset Classes

25 142317 5 3 55 2 2 46 1 154

404

490

611

830

0

100

200

300

400

500

600

700

800

900

4Q16 1Q17 2Q17 3Q17

One Two Three Four Five+**

Page 4


Investment Diversification - New Participants Using LifeCycle Portfolios to Achieve Diversification

Conservative Portfolio 36 17 15 22LifeCycle 2015 Portfolio 0 0 0 0LifeCycle 2020 Portfolio 44 13 14 23LifeCycle 2025 Portfolio 95 38 36 41LifeCycle 2030 Portfolio 87 39 46 47LifeCycle 2035 Portfolio 130 57 56 69LifeCycle 2040 Portfolio 100 38 68 59LifeCycle 2045 Portfolio 135 49 76 81LifeCycle 2050 Portfolio 97 65 71 97LifeCycle 2055 Portfolio 138 89 107 173Total # of New Participants*

862 405 489 612

* Total reflects duplicate counts for participants invested in more than one LifeCycle Portfolio.

# of Participants

3Q17

# of Participants

2Q17Fund

# of Participants

4Q16

# of Participants

1Q17

97

36

17 15 22

0 0 00

44

141323

95

38 36 41

87

4739

46

695657

130

100

59

38

68

8176

49

135

97

65

71

173

107

89

138

0

20

40

60

80

100

120

140

160

180

200

4Q16 1Q17 2Q17 3Q17

Conservative Portfolio LifeCycle 2015 Portfolio LifeCycle 2020 Portfolio LifeCycle 2025 Portfolio

LifeCycle 2030 Portfolio LifeCycle 2035 Portfolio LifeCycle 2040 Portfolio LifeCycle 2045 Portfolio

LifeCycle 2050 Portfolio LifeCycle 2055 Portfolio

Page 5

Group Meeting Activity

Summary Statistics

4Q16 1Q17 2Q17 3Q17Number of Group Meetings* 165 236 268 243Total Attendance at Group Meetings** 1,975 1,561 2,800 2,469Number of Individual Meetings 435 476 449 480

"Asset Allocation".

which includes both presentations.

*Number of Group Meetings has been adjusted to now reflect one meeting for both meeting presentations "Join It" and

**Total Attendance at Group Meetings has been adjusted to reflect the number of individuals attending each meeting

165268 243236

2,469

2,800

1,561

1,975

480449476435

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4Q16 1Q17 2Q17 3Q17

Page 6

ENROLLING IN DEFERRED COMPENSATION

HAS NEVER BEEN ‘EZIER’

• The average monthly

pension of a PERA retiree

is $2,331

The average monthly

social security benefit is

$1,332

• Only 11,500 of PERA’s

48,000 active members are

taking advantage of

Deferred Compensation

PERA wants all 48,000

members to take advantage of

this opportunity in order to

enjoy the kind of retirement

that they deserve.

The more time your money has to earn, the more opportunity for compounding.

What is Deferred Compensation? The PERA SmartSave Deferred Compensation Plan is an optional, supplemental 457(b)

retirement savings plan that’s intended to complement your regular PERA retirement

benefit. New Mexico government employees are very fortunate to have a secure

retirement program like PERA and PERA SmartSave that are available to them.

How does it work? Payroll Deductions and Tax Deferred Contributions: Your contributions are made through automatic payroll deduction. You don’t pay taxes on your

contributions or investment earnings until you retire or begin taking payments from your account.

This may lower your taxable income now, and later in retirement.

Invest Your Money: Your contributions are invested in the funds that are available in the plan. If you don’t know what

investments to choose, the EZ Enrollment form will enroll you in a pre-built investment portfolio

based on your age. (Investment options can be changed at any time.)

Power of Time and Compounding:

Compounding is the process of continually adding any earnings you might receive to the amount

you contribute (principal) and then reinvesting them to create more potential earnings.

Enroll in the PERA SmartSave Deferred Compensation Plan today with the one-page

EZ Enrollment form on back!

Contribution

Amount

Impact on Current

Paycheck

Accumulation

10 years

Accumulation

20 years

Accumulation

30 years

$25 $18.75 $9,304 $27,605 $63,607

$50 $37.50 $18,607 $55,210 $127,214

$75 $56.25 $27,911 $82,815 $190,821

$100 $75.00 $37,214 $110,420 $254,428

$150 $112.00 $55,821 $165,631 $381,642

This table shows the cumulative value of 26 biweekly deferral amounts over 10, 20, and 30 years, assuming a compound annual rate of 7% and a 25%

federal tax rate, for a single person with an annual salary of $38,000 and one deduction for federal tax purposes. This illustration is hypothetical and

is not intended to serve as a projection of the investment results of any specific investment. PERA or Nationwide cannot offer investment advice.

Page 7

Your pre-tax payroll deduction amount will be invested in a LifeCycle fund closest to the year in which you turn 65. I understand that the earliest my enrollment can start is the first day of the month following my completed request, and that upon receipt of this form I will receive a welcome notice. Changes can be made at any time.

Please be sure to provide your Social Security Number, signature, and date.

TERMS AND CONDITIONSUpon receipt of this enrollment form, you will be provided a welcome kit which will include a Beneficiary Form, Memorandum of Understanding and Enrollment Kit or Basics Booklet with more detailed information on the provisions outlined below:

My account balance will be held in trust for the exclusive benefit of me or my beneficiaries.

I may cancel my participation, before my forms are processed, by calling 505-989-4992 within seven days from the date that I signed the enrollment form.

Based on market fluctuations, the rate of return on my account could be either positive or negative. This could result in my account balance being worth less than my contributions.

Investments may have underlying expenses or management fees that will reduce the investment results. Information on these expenses can be found in the investment profiles or the respective prospectus(es). Investment profiles and prospectus(es) can be found on the Plans website at www.newmexico457dc.com

The beneficiary will default to the participants estate in the event beneficiary information is not provided or incomplete.

Fund prospectuses can be obtained by calling 1-877-677-3678. Read the prospectuses carefully before investing. Before investing, carefully consider the fund’s investment objectives, risks, charges and expenses. The fund prospectus contains this and other important information.

The Internal Revenue Service imposes rules which limit the times when I can make changes or receive withdrawals from the Program.

At any time, I may change my contribution amount and the investment allocation of my current account balance.

I may withdraw funds from the Program only upon:

1) Severance from employment (including termination or death)

2) An Unforeseeable Emergency (as defined by IRC section 457(b))

3) Plans loan provision

4) Total disability

5) Attaining age 70 1/2 even if still employed.

Although not required, withdrawals may begin after receipt of a Payout Request Form including my severance from employment and my employer’s verification of severance.

The funds in my account may be eligible for rollover to an IRA or to an eligible retirement plan upon severance from employment.

PERSONAL INFORMATION (please print)

Name ___________________________________________________________ Male Female

Social Security Number _______________________________________________________________

Address ____________________________________________________________________________

City ____________________________________ State __________ Zip ___________________

Home Phone _____________________________ Work Phone _____________________________

Email Address ______________________________________________________________________

Date of Birth / / Number of pay periods per year _____________________

Payroll Center/Employer Name ________________________________________________________

Beneficiary Name ___________________________________________________________________

DOB Relationship Percentage

________________________________________________________ _________________________Participant Signature Date

____________________________________________________________________________________Retirement Specialist Name / Agent Number

ENROLLMENT INSTRUCTIONSI want to enroll in the NM-PERA Program today and begin contributing:

$ ________ per pay period (Minimum of $10)

I acknowledge that I have read the terms and conditions detailed below. I will be enrolled into the 457(b) plan.

SEND OR FAX COMPLETED FORM TO:

Nationwide Retirement Solutions 3600 Rodeo LaneSuite B1 Santa Fe, NM 87507Phone: 505-989-4992Fax: 505-989-4991

The NM PERA Smart Save Plan is administered by Nationwide. Nationwide Retirement Solutions and Nationwide Life Insurance Company (collectively “Nationwide”) have endorsement relationships with the National Association of Counties, and the International Association of Fire Fighters-Financial Corporation. More information about the endorsement relationships may be found online at www.nrsforu.com.

© 2016 Nationwide

NRW-2199NM-NM.1 (01/16)

EZ Enrollment Form: 457(b) Plan

Page 8

Group Meeting Activity (continued)

Third Quarter 2017 Scheduled Group Meetings

Entity/Agency Department/Meeting Type Location RepWeek

Ending AttendedCity of Santa Fe New Employee Orientation Santa Fe Day 7/7/2017 8

General Services Department Santa Fe Day 7/7/2017 10Santa Fe County New Employee Orientation Santa Fe Day 7/7/2017 12

Department of Transportation New Employee Orientation Santa Fe Day 7/7/2017 7NM youth Challenge Roswell Miller 7/7/2017 20

Department of Transportation Grants Puckett 7/7/2017 12Human Services Department Income Support - Randolph Albuquerque Puckett 7/7/2017 40

Taxation and Revenue Department New Employee Orientation Albuquerque Puckett 7/7/2017 7Administrative Office of the District Attorney 2nd Judicial District Attorney Albuquerque Puckett 7/7/2017 7

City of Albuquerque John Marshall Center Albuquerque Puckett 7/7/2017 4Public Education Department Santa Fe Day 7/14/2017 3

Economic Development Department Walk Around the Block - Montoya Building Santa Fe Day 7/14/2017 9Department of Health Walk Around the Block - Runnels Building Santa Fe Day 7/14/2017 13

Department of Information and Technology Walk Around the Block - Simms Building Santa Fe Day 7/14/2017 15Taxation and Revenue Department Walk Around the Block - Lujan Building Santa Fe Day 7/14/2017 5

Energy Minerals and Natural Resources Department Walk Around the Block - Chino Building Santa Fe Day 7/14/2017 11Taxation and Revenue Department Las Cruces Miller 7/14/2017 7

Town of Mesilla Mesilla Miller 7/14/2017 6Office of the Attorney General Las Cruces Miller 7/14/2017 2

City of Las Cruces Las Cruces Miller 7/14/2017 5City of Albuquerque Fire Station 15 Albuquerque Puckett 7/14/2017 6

Children Youth and Families Department 2nd Street Albuquerque Puckett 7/14/2017 8Human Services Department Income Support - Cutler Albuquerque Puckett 7/14/2017 2

PERA Retirement Seminar Albuquerque Puckett 7/14/2017 8Human Services Department Income Support Lamberton - Lamberton Albuquerque Puckett 7/14/2017 27

Santa Fe County New Employee Orientation Santa Fe Day 7/21/2017 5Department of Public Safety State Police Academy Santa Fe Day 7/21/2017 20

NM Behavioral Health Institute New Employee Orientation Santa Fe Day 7/21/2017 11Department of Transportation Santa Fe Day 7/21/2017 3

Lea County Roads Lovington Miller 7/21/2017 15Lea County Sheriff Lovington Miller 7/21/2017 5

Department of Health Lovington Miller 7/21/2017 4Lea County Detention Lovington Miller 7/21/2017 21Lea County Courthouse Lovington Miller 7/21/2017 6

Administrative Office of the Courts 5th Judicial District Court Lovington Miller 7/21/2017 3Administrative Office of the District Attorney 5th Judicial District Attorney Hobbs Miller 7/21/2017 4

Lea County Environmental Division Hobbs Miller 7/21/2017 4Lea County DWI Probation office Hobbs Miller 7/21/2017 2Lea County Dispatch Hobbs Miller 7/21/2017 2

City of Albuquerque Fire Marshall Albuquerque Puckett 7/21/2017 5Department of Workforce Solutions Albuquerque Puckett 7/21/2017 9Division of Vocational Rehabilitation Rio Rancho Puckett 7/21/2017 5

Bernalillo County Retirement Seminar Albuquerque Puckett 7/21/2017 40Bernalillo County Juvenile Detention Albuquerque Puckett 7/21/2017 5

Administrative Office of the District Attorney 2nd Judicial District Attorney Albuquerque Puckett 7/21/2017 8Bernalillo County Clerk Albuquerque Puckett 7/21/2017 4Bernalillo County County Manager Albuquerque Puckett 7/21/2017 5

Department of Workforce Solutions Santa Fe Day 7/28/2017 5 Vital Records & Statistics AM Santa Fe Day 7/28/2017 8Vital Records & Statistics PM Santa Fe Day 7/28/2017 5

Department of Public Safety State Police Santa Fe Day 7/28/2017 10Children Youth and Families Department Santa Fe Day 7/28/2017 3

Lincoln County Senior Center Hondo Miller 7/28/2017 2Department of Transportation Hondo Miller 7/28/2017 7

Children Youth and Families Department Ruidoso Miller 7/28/2017 2Department of Public Safety Ruidoso Miller 7/28/2017 2Human Services Department Ruidoso Miller 7/28/2017 5

Administrative Office of the Courts Magistrate Court Ruidoso Miller 7/28/2017 2City of Ruidoso Downs Ruidoso Miller 7/28/2017 9Department of Health Ruidoso Miller 7/28/2017 2Department of Health District Office Las Cruces Miller 7/28/2017 14

Department of Transportation Las Cruces Miller 7/28/2017 16Worker's Compensation Administration Las Cruces Miller 7/28/2017 4

Bernalillo County Information and Technology Albuquerque Puckett 7/28/2017 3Children Youth and Families Department Juvenile Detention Albuquerque Puckett 7/28/2017 7

City of Albuquerque Police Albuquerque Puckett 7/28/2017 5Bernalillo County Sheriff Albuquerque Puckett 7/28/2017 3

Page 9

Santa Fe County New Employee Orientation Santa Fe Day 8/4/2017 7Santa Fe County Community Services Santa Fe Day 8/4/2017 8

NM DOT Raton Day 8/4/2017 6MCMC Acute Care AM Acute Care Raton Day 8/4/2017 9

MCMC Long Term Care PM Long Term Care Raton Day 8/4/2017 7City of Raton Raton Day 8/4/2017 2Raton Utilities Utilities Raton Day 8/4/2017 5

City of Las Cruces Fire Station 1 Las Cruces Miller 8/4/2017 9City of Las Cruces Fire Station 6 Las Cruces Miller 8/4/2017 6Town of Silver City City Hall Silver City Miller 8/4/2017 4Town of Silver City Annex Silver City Miller 8/4/2017 4Town of Silver City Police Silver City Miller 8/4/2017 8Town of Silver City Public Works Silver City Miller 8/4/2017 4Town of Silver City Recreation Silver City Miller 8/4/2017 8Town of Silver City Fire Silver City Miller 8/4/2017 3Town of Silver City Police Silver City Miller 8/4/2017 3

Department of Transportation Anthony Miller 8/4/2017 10Department of Health Anthony Miller 8/4/2017 5

Human Services Department Anthony Miller 8/4/2017 12Bernalillo County Fire Command Albuquerque Puckett 8/4/2017 3

Children Youth and Families Department Youth Diagnostic and Development Center Albuquerque Puckett 8/4/2017 12City of Albuquerque Pino Yards Albuquerque Puckett 8/4/2017 5City of Albuquerque Fire Marshall Albuquerque Puckett 8/4/2017 3City of Albuquerque Solid Waste Albuquerque Puckett 8/4/2017 3City of Albuquerque Fire Station 3 Albuquerque Puckett 8/4/2017 7

City of Santa Fe New Employee Orientation Santa Fe Day 8/11/2017 8Human Services Department Santa Fe Day 8/11/2017 2

Regulation and Licensing Department Santa Fe Day 8/11/2017 3Taxation and Revenue Department New Employee Orientation Santa Fe Day 8/11/2017 7

AFSCME Santa Fe Day 8/11/2017 27City of Alamogordo Police Alamogordo Miller 8/11/2017 7City of Alamogordo City Hall Alamogordo Miller 8/11/2017 3City of Alamogordo Fire #5 Alamogordo Miller 8/11/2017 8City of Alamogordo Recreation Cent Alamogordo Miller 8/11/2017 3City of Alamogordo Library Alamogordo Miller 8/11/2017 2

Law Offices of the Public Defender Alamogordo Miller 8/11/2017 3City of Alamogordo Water Treatment Alamogordo Miller 8/11/2017 6City of Alamogordo Senior Center Alamogordo Miller 8/11/2017 4City of Alamogordo City Hall Alamogordo Miller 8/11/2017 4City of Alamogordo Utilities Alamogordo Miller 8/11/2017 7

Region IX Education Cooperative Ruidoso Miller 8/11/2017 5City of Albuquerque Retirement Seminar Albuquerque Puckett 8/11/2017 60

Bernalillo County Sheriff Albuquerque Puckett 8/11/2017 4Albuquerque Bernalillo County Water Utilities Authority Compass bank Albuquerque Puckett 8/11/2017 4

Bernalillo County Mountain View Community Center Albuquerque Puckett 8/11/2017 4Bernalillo County Metropolitan Detention Center Albuquerque Puckett 8/11/2017 4

Department of Transportation New Employee Orientation Santa Fe Day 8/18/2017 6Santa Fe County New Employee Orientation Santa Fe Day 8/18/2017 3City of Santa Fe Santa Fe Day 8/18/2017 20

NM Behavioral Health Institute New Employee Orientation Las Vegas Day 8/18/2017 11NM Behavioral Health Institute Staff Development Las Vegas Day 8/18/2017 4

San Juan County Retirement Seminar Aztec Day 8/18/2017 25San Juan County Administration Aztec Day 8/18/2017 6Dona Ana County Detention Las Cruces Miller 8/18/2017 15Dona Ana County Roads Las Cruces Miller 8/18/2017 7Dona Ana County Administration Las Cruces Miller 8/18/2017 7Dona Ana County Fleet Las Cruces Miller 8/18/2017 9Dona Ana County Sheriff Las Cruces Miller 8/18/2017 6Dona Ana County Fire Anthony Miller 8/18/2017 4Dona Ana County Sheriff Anthony Miller 8/18/2017 3

Children Youth and Families Department Anthony Miller 8/18/2017 4City of Albuquerque Solid Waste Albuquerque Puckett 8/18/2017 4

City of Gallup Health Fair Gallup Puckett 8/18/2017 65Worker's Compensation Administration Albuquerque Puckett 8/18/2017 50

Department of Health Developmental Disabilities Albuquerque Puckett 8/18/2017 8PERA Santa Fe Day 8/25/2017 2

Department of Transportation Santa Fe Day 8/25/2017 2NM DOT Health Fair Health Fair Santa Fe Day 8/25/2017 20

NM School for the Deaf Santa Fe Day 8/25/2017 2Law Offices of the Public Defender AM Santa Fe Day 8/25/2017 4Law Offices of the Public Defender PM Santa Fe Day 8/25/2017 4Law Offices of the Public Defender Ruidoso Miller 8/25/2017 3

Village of Ruidoso Ruidoso Miller 8/25/2017 8Lincoln County Substation Ruidoso Miller 8/25/2017 2

Page 10

Lincoln County Senior Center Ruidoso Miller 8/25/2017 2Lincoln County Courthouse Carrizozo Miller 8/25/2017 5

Administrative Office of the Courts 12th Judicial District Court Carrizozo Miller 8/25/2017 7Lincoln County Roads Capitan Miller 8/25/2017 14Lincoln County Senior Center Capitan Miller 8/25/2017 2Lincoln County Senior Center Corona Miller 8/25/2017 2Lincoln County Sheriff Carrizozo Miller 8/25/2017 5Lincoln County Assessor Carrizozo Miller 8/25/2017 8Lincoln County Senior Center Carrizozo Miller 8/25/2017 3

City of Las Cruces Water Las Cruces Miller 8/25/2017 9Children Youth and Families Department Protective Services Las Cruces Miller 8/25/2017 10Central New Mexico Community College Retirement Seminar Albuquerque Puckett 8/25/2017 35

Bernalillo County Albuquerque Puckett 8/25/2017 2Santa Fe County New Employee Orientation Santa Fe Day 9/1/2017 4

Department of Public Safety State Police - District 2 Las Vegas Day 9/1/2017 2Highlands University Las Vegas Day 9/1/2017 3

Department of Transportation AM Santa Fe Day 9/1/2017 9Department of Transportation PM Santa Fe Day 9/1/2017 12Human Services Department Socorro Miller 9/1/2017 7

Administrative Office of the District Attorney 7th Judicial District Attorney Socorro Miller 9/1/2017 5Administrative Office of the Courts 7th Judicial District Court Socorro Miller 9/1/2017 4

Children Youth and Families Department Socorro Miller 9/1/2017 2

Children Youth and Families DepartmentTruth or

ConsequencesMiller 9/1/2017 4

Dona Ana County Fire Dona Ana Miller 9/1/2017 3Bernalillo County Metropolitan Detention Center Albuquerque Puckett 9/1/2017 4

Department of Finance and Administration Albuquerque Puckett 9/1/2017 4CNM Benefits Fair Albuquerque Puckett 9/1/2017 3

Department of Game and Fish Regional meeting Albuquerque Puckett 9/1/2017 20Bernalillo County Civic Plaza Albuquerque Puckett 9/1/2017 2

Children Youth and Families Department Santa Fe Day 9/8/2017 3City of Santa Fe Training Santa Fe Day 9/8/2017 2City of Santa Fe Streets Santa Fe Day 9/8/2017 2

Department of Corrections Southern NM Correctional Facility Las Cruces Miller 9/8/2017 6

Department of Veterans Services Veterans HomeTruth or


Human Services DepartmentTruth or


Administrative Office of the District Attorney 3rd Judicial District Attorney Las Cruces Miller 9/8/2017 18City of Las Cruces Police AM Las Cruces Miller 9/8/2017 13City of Las Cruces Police PM Las Cruces Miller 9/8/2017 18

Middle Rio Grande Conservancy District Albuquerque Puckett 9/8/2017 25Middle Rio Grande Conservancy District Albuquerque Puckett 9/8/2017 28Middle Rio Grande Conservancy District Cochiti Puckett 9/8/2017 20Middle Rio Grande Conservancy District Belen Puckett 9/8/2017 25Middle Rio Grande Conservancy District Socorro Puckett 9/8/2017 20

Taxation and Revenue Department New Employee Orientation Albuquerque Puckett 9/8/2017 13City of Santa Fe New Employee Orientation Santa Fe Day 9/15/2017 16Santa Fe County New Employee Orientation - Group 1 Santa Fe Day 9/15/2017 17Santa Fe County New Employee Orientation - Group 2 Santa Fe Day 9/15/2017 8

NM Behavioral Health Institute New Employee Orientation Las Vegas Day 9/15/2017 19Highlands University Las Vegas Day 9/15/2017 6

Department of Transportation Rowe Day 9/15/2017 2City of Las Cruces Utilities Las Cruces Miller 9/15/2017 7City of Las Cruces City Hall - AM Las Cruces Miller 9/15/2017 7City of Las Cruces City Hall - PM Las Cruces Miller 9/15/2017 10

Department of Corrections Southern NM Correctional Facility Las Cruces Miller 9/15/2017 4Bernalillo County Sherriff Albuquerque Puckett 9/15/2017 3Bernalillo County Fire Command Albuquerque Puckett 9/15/2017 3

PERA Retirement Seminar Albuquerque Puckett 9/15/2017 2City of Albuquerque Fire Station 15 - A Shift Albuquerque Puckett 9/15/2017 6

Middle Rio Grande Conservancy District Main Office Albuquerque Puckett 9/15/2017 4City of Albuquerque Fire Station 15 - B Shift Albuquerque Puckett 9/15/2017 5

Department of Transportation Rowe Day 9/22/2017 8Public Schools Insurance Authority Santa Fe Day 9/22/2017 5

School for the Deaf Santa Fe Day 9/22/2017 12Northern NM College AM Espanola Day 9/22/2017 4Northern NM College PM Espanola Day 9/22/2017 3

Public Regulation Commission Fire Academy Socorro Miller 9/22/2017 5South Central Solid Waste Authority Landfill Las Cruces Miller 9/22/2017 7South Central Solid Waste Authority Administration Las Cruces Miller 9/22/2017 7South Central Solid Waste Authority Chaparral Miller 9/22/2017 4

Sierra County AdministrationTruth or


Page 11

Sierra County DispatchTruth or


Sierra County DetentionTruth or


Sierra County SherriffTruth or


Sierra County RoadsTruth or


Sierra County ClerkTruth or


Sierra County AssessorTruth or


Sierra County TreasurerTruth or


Children Youth and Families Department Girls Reintegration Albuquerque Puckett 9/22/2017 16City of Albuquerque Animal Welfare Albuquerque Puckett 9/22/2017 3

Bernalillo County Youth Services Albuquerque Puckett 9/22/2017 4Department of Workforce Solutions Workforce Solutions Albuquerque Puckett 9/22/2017 4

Bernalillo County Housing Albuquerque Puckett 9/22/2017 6Department of Health Albuquerque Puckett 9/22/2017 3

General Services Department Santa Fe Day 9/29/2017 2City of Santa Fe Fire Training - 10:00 AM - A Shift Santa Fe Day 9/29/2017 16Santa Fe County New Employee Orientation Santa Fe Day 9/29/2017 3City of Santa Fe Fire Training - 2:00 PM - A Shift Santa Fe Day 9/29/2017 9City of Santa Fe Fire Training - 4:00 PM - A Shift Santa Fe Day 9/29/2017 8City of Santa Fe Fire Training - 10:00 AM - B Shift Santa Fe Day 9/29/2017 14City of Santa Fe Fire Training - 2:00 PM - B Shift Santa Fe Day 9/29/2017 13City of Santa Fe Fire Training - 4:00 PM - B Shift Santa Fe Day 9/29/2017 10City of Santa Fe Fire Training - 10:00 AM - C Shift Santa Fe Day 9/29/2017 13

Department of Public Safety Las Vegas Day 9/29/2017 19City of Las Cruces Municipal Court Las Cruces Miller 9/29/2017 12City of Las Cruces Eastside Senior Center Las Cruces Miller 9/29/2017 8City of Las Cruces Munson Senior Center Las Cruces Miller 9/29/2017 11

City of Roswell Benefits Fair Roswell Miller 9/29/2017 100Chaves County Benefits Fair Roswell Miller 9/29/2017 200

Bernalillo County Information and Technology Albuquerque Puckett 9/29/2017 4Central New Mexico Community College Main Campus Albuquerque Puckett 9/29/2017 2

Albuquerque Bernalillo County Water Utilities Authority Wellness Fair Albuquerque Puckett 9/29/2017 175Bernalillo County Accounting Albuquerque Puckett 9/29/2017 4

Page 12

Payout Activity

Payout Activity Summary- Termination Requests Received by the local Santa Fe office due to Retirement

or other Separation from Service.

4Q16# of

Payouts1Q17

# of Payouts

2Q17# of

Payouts3Q17

# of Payouts

October 228 January 299 April 235 July 275November 276 February 279 May 274 August 368December 285 March 341 June 330 September 360

Total 789 Total 919 Total 839 Total 1,003

Unforeseeable Withdrawal Activity

4Q16 1Q17 2Q17 3Q17New Requests 89 77 70 104

The unforeseeable withdrawal amount approved for 3Q17 is $181,889.49

89

7770

104

0

25

50

75

100

125

4Q16 1Q17 2Q17 3Q17

Page 13

Payout Activity

Lump Sum/Non-Systematic Withdrawal Activity

4Q16 1Q17 2Q17 3Q17New Requests 269 358 324 369

The lump sum/non-systematic withdrawal amount approved for 3Q17 is $3,279,682.61.

369

324

358

269

0

50

100

150

200

250

300

350

400

450

4Q16 1Q17 2Q17 3Q17

Page 14

Payout Activity (continued)

Systematic Withdrawal Distribution - Total Dollar Amounts

4Q16 1Q17 2Q17 3Q17

Total Amount Distributed to Participants

$1,927,681 $987,262 $1,007,720 $996,995

Systematic Withdrawal Distribution - Total Participants

4Q16 1Q17 2Q17 3Q17

Systematic Withdrawal 767 445 451 439

$987,262 $996,995$1,007,720

$1,927,681

$0

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

$1,400,000

$1,600,000

$1,800,000

$2,000,000

$2,200,000

4Q16 1Q17 2Q17 3Q17

445 439451

767

$0

$100

$200

$300

$400

$500

$600

$700

$800

$900

4Q16 1Q17 2Q17 3Q17

Page 15


Rollovers In - Total Dollar Amounts

4Q16 1Q17 2Q17 3Q17$2,020,010 $1,295,598 $1,458,711 $660,267

Rollovers In - Total Participants

4Q16 1Q17 2Q17 3Q17269 47 131 31

Total Amount of Incoming

Total Number of Incoming

$2,020,010

$1,458,711

$660,267

$1,295,598

0

500,000

1,000,000

1,500,000

2,000,000

2,500,000

4Q16 1Q17 2Q17 3Q17

31

131

47

269

0

50

100

150

200

250

300

4Q16 1Q17 2Q17 3Q17

Page 16


Rollovers Out - Total Dollar Amounts

4Q16 1Q17 2Q17 3Q17

$3,485,065 $2,367,567 $3,859,296 $4,312,814

Rollovers Out - Total Participants

4Q16 1Q17 2Q17 3Q17

40 62 53 45

Total Amount Distributed to Outgoing Rollovers

Total Number of Participants with Outgoing Rollovers

3,485,0653,859,296

4,312,814

2,367,567

$0

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

$3,500,000

$4,000,000

$4,500,000

$5,000,000

4Q16 1Q17 2Q17 3Q17

40

62

53

45

0

10

20

30

40

50

60

70

80

4Q16 1Q17 2Q17 3Q17

Page 17


All Loans - Total Dollar Amounts

4Q16 1Q17 2Q17 3Q17Total Amount Distributed due to Loans

$1,685,899 $1,475,264 $1,708,957 $1,513,052

All Loans - Total ParticipantsTotal Participants With Outstanding Loans = 2,261

4Q16 1Q17 2Q17 3Q17Total Number of Participants who Received Loans

312 194 250 253

$1,475,264 $1,513,052

$1,708,957$1,685,899

$0

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

$1,400,000

$1,600,000

$1,800,000

$2,000,000

4Q16 1Q17 2Q17 3Q17

253250

194

312

0

50

100

150

200

250

300

350

4Q16 1Q17 2Q17 3Q17

Page 18


All Loans - Total Amount of Default Loans

4Q16 1Q17 2Q17 3Q17

Total Amount of Default Loans $48,220 $17,555 $4,492 $2,961

All Loans - Total Number of Default LoansTotal Participants With Defaulted Loans = 999

4Q16 1Q17 2Q17 3Q17

Total Number of Default Loans 15 1 2 2

$48,220

$4,492 $2,961

$17,555

$0

$20,000

$40,000

$60,000

$80,000

$100,000

$120,000

$140,000

4Q16 1Q17 2Q17 3Q17

15

1

2 2

0

2

4

6

8

10

12

14

16

18

4Q16 1Q17 2Q17 3Q17

Page 19


General Purpose Loans - Total Dollar Amounts

4Q16 1Q17 2Q17 3Q17Total Amount Distributed due to General Purpose Loans

$1,624,399 $1,419,201 $1,611,247 $1,460,802

General Purpose Loans - Total Participants

4Q16 1Q17 2Q17 3Q17Total Number of Participants who received General Purpose Loans

310 192 246 251

$1,624,399 $1,611,247

$1,460,802$1,419,201

$0

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

$1,400,000

$1,600,000

$1,800,000

4Q16 1Q17 2Q17 3Q17

310

192

246 251

0

50

100

150

200

250

300

350

4Q16 1Q17 2Q17 3Q17

Page 20


Residential Purchase Loans - Total Dollar Amounts

4Q16 1Q17 2Q17 3Q17

Total Amount Distributed due to Residential Purchase Loans

$61,500 $56,063 $97,709 $52,250

Residential Purchase Loans - Total Participants

4Q16 1Q17 2Q17 3Q17Total Number of Participants who received Residential Purchase Loans

2 2 4 2

$56,063 $52,250

$97,709

$61,500

$0

$20,000

$40,000

$60,000

$80,000

$100,000

$120,000

4Q16 1Q17 2Q17 3Q17

2

4

22

0

2

4

6

8

4Q16 1Q17 2Q17 3Q17

Page 21


Self Directed Brokerage Options - Total Dollar Amounts

4Q16 1Q17 2Q17 3Q17Total Amount Distributed due to Self Directed Brokerage Options

$239,549 $134,087 $74,460 $14,405

Self Directed Brokerage Options - Total ParticipantsTotal Participants With Schwab Account = 53

4Q16 1Q17 2Q17 3Q17

Total Number of Participants who moved funds into the Self Directed Brokerage Option

10 7 8 3

$134,087

$14,405

$74,460

$239,549

$0

$40,000

$80,000

$120,000

$160,000

$200,000

$240,000

$280,000

$320,000

4Q16 1Q17 2Q17 3Q17

3

87

10

0

5

10

15

20

4Q16 1Q17 2Q17 3Q17

Page 22

Participant Services

Participant Services Utilization - Participant Statements-3Q17 statements were mailed on October 17th, 2017.

Participant Services Utilization - VRU

Activity 3Q17 Total %Account Balance Inquiry 485 70.09%Account Balance by Fund 89 12.86%Allocation Completed 1 0.14%Current Allocation 2 0.29%Establish Pin 49 7.08%Exchange Completed 3 0.43%Prices Available* 63 9.10%Prices Invested** 0 0.00%Prices by Fund 0 0.00%Total Account Balance 0 0.00%

692

**Prices Invested are the share prices for those investment options that a participant is invested in.

*Prices Available are the share prices for all investment options offered under theplan.

Establish PIN7.08%

Exchange Completed

0.43%

Current Allocation0.29%

Allocation Completed

0.14%

Account Balance by Fund12.86%

Account Balance Inquiry70.09%

Prices Available9.10%

Prices Invested0.00%

Prices by Fund0.00%

Total Account Balance0.00%

Page 23

Participant Services (continued)

Participant Services Utilization - Internet

128

Account Balance InquiryAllocation CompletedExchange Completed

37,697

Participant Services Utilization - Online Advice Tool*

Month 4Q16 Totals

Month 1Q17 Totals

Month 2Q17 Totals

Month 3Q17 Totals

October 0 January 0 April 0 July 0November 0 February 0 May 0 August 0December 0 March 0 June 0 September 0Qtrly Total 0 Qtrly Total 0 Qtrly Total 0 Qtrly Total 0* Reflects total Guidance and Advice log-ins per quarter, not new accounts.

0.86%

3Q17 TotalActivity %

98.75%0.39%

37,224147326

Exchange Completed

0.86%

Allocation Completed

0.39%

Account Balance Inquiry98.75%

Page 24

Participant Services (continued)

Participant Services Utilization - Customer Service

July 2017 August 2017 September 2017Calls Received 1,311 1,487 1,154Calls Abandoned 21 7 16Calls Answered in 20 Seconds 1,045 1,351 917% in 20 Seconds 79.71% 90.85% 79.46%Average Speed of Answer in Seconds 00:19 00:07 00:15

Participant Services Utilization - Spanish Customer Service

July 2017 August 2017 September 2017Calls Received 5 3 2

5

2

3

0

2

4

6

8

10

Jul-17 Aug-17 Sep-17

1,487

1,154

1,311

21 7 16

1,045

1,351

917

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

Jul-17 Aug-17 Sep-17

Page 25

Participation Statistics

Average Participant Account Balance by Age Group

Age Group 4Q16 1Q17 2Q17 3Q1725 & Under $1,354 $1,480 $1,605 $1,52126-35 $4,678 $4,686 $4,993 $4,60936-45 $12,372 $12,291 $12,828 $12,37446-55 $24,105 $24,720 $25,280 $24,79856-65 $43,142 $43,112 $45,702 $43,48866 & Older $68,960 $70,273 $72,028 $73,500

Participants with a Balance by Age GroupThe average account balance per participant is $28,060.

Age Group 4Q16 1Q17 2Q17 3Q1725 & Under 604 547 589 481 26-35 3,076 2,988 3,189 3,109 36-45 4,560 4,475 4,590 4,593 46-55 5,463 5,472 5,495 5,494 56-65 4,637 4,739 4,685 4,897 66 & Older 1,843 2,047 1,917 2,203

4,63

7

5,46

3

4,56

0

3,07

6

604

1,84

3

2,04

7

4,73

9

5,47

2

4,47

5

2,98

8

547

589

3,18

9

4,59

0

5,49

5

4,68

5

1,9

17

481

3,10

9

4,59

3

5,49

4

4,89

7

2,20

3

0

1,000

2,000

3,000

4,000

5,000

6,000

25 & Under 26-35 36-45 46-55 56-65 66 & Older

$1,3

54

$4,6

78

$24,

105

$43,

142

$68,

960

$12,

372

$1,4

80

$4,6

86

$70,

273

$43,

112

$24,

720

$12,

291

$1,6

05

$4,9

93

$72,

028

$45,

702

$25,

280

$12,

828 $4

3,48

8

$24,

798

$73,

500

$4,6

09

$1,5

21

$12,

374

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

25 & Under 26-35 36-45 46-55 56-65 66 & Older

Page 26

Participation Statistics (continued)

Age Group 4Q16 1Q17 2Q17 3Q1725 & Under $1,099 $1,122 $1,142 $1,18226-35 $1,389 $1,353 $1,378 $1,35936-45 $1,763 $1,758 $128 $1,76846-55 $2,480 $2,367 $2,308 $2,30956-65 $3,465 $3,350 $3,417 $3,32866 & Older $6,261 $5,092 $5,074 $5,030

Participants Actively Deferring by Age Group

Age Group 4Q16 1Q17 2Q17 3Q1725 & Under 510 466 489 39226-35 2,521 2,475 2,643 2,57136-45 3,644 3,602 3,686 3,71246-55 3,749 3,801 3,818 3,88056-65 2,419 2,541 2,425 2,68366 & Older 223 299 239 332

Average Annualized Participant Deferrals by Age Group

$6,2

61

$3,4

65

$2,4

80

$1,7

63

$1,3

89

$1,0

99

$1,1

22

$1,3

53

$1,7

58

$2,3

67 $

3,350

$5,0

92

$1,

142

$1,

720

$1,3

78 $

2,3

08

$3,4

17

$5,0

74

$5,0

30

$3,

328

$2,3

09

$1,7

68

$1,1

82

$1,3

590

1,000

2,000

3,000

4,000

5,000

6,000

7,000

25 & Under 26-35 36-45 46-55 56-65 66 & Older

22351

0

2,5

21

3,64

4

3,74

9

2,4

19

466

2,47

5

3,60

2

299

3,80

1

2,541

2,4

25

3,81

8

3,68

6

2,64

3

239

489

2,68

3

332

392

3,88

0

3,71

2

2,5

71

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

25 & Under 26-35 36-45 46-55 56-65 66 & Older

Page 27

Participation Statistics (continued)

Participants with a Balance by Asset Range

# of Participants %

# of Participants %

Under $10,000 11,809 56.84% $150,000-$199,999 289 1.39%$10,000-$24,999 3,712 17.87% $200,000-$299,999 303 1.46%$25,000-$49,999 2,295 11.05% $300,000-$399,999 127 0.61%$50,000-$74,999 1,015 4.89% $400,000-$499,999 43 0.21%$75,000-$99,999 515 2.48% Over $500,000 57 0.27%$100,000-$149,999 612 2.95% Total 20,777 100%

Participants with Balance

4Q16 1Q17 2Q17 3Q17Total Plan Participants 20,182 20,268 20,465 20,777Currently Contributing 13,066 13,184 13,300 13,570Not Currently Contributing and not in Payout

6,197 6,165 6,235 6,261

Currently Receiving a Payout 919 919 930 946

17.87%

56.84%

11.05%

4.88%

2.48%2.95%

0.27%

0.21%

1.39%

1.46%

0.61%

20,182 20,465 20,77720,268

13,57013,30013,18413,066

6,2616,2356,1656,197

919 919 930 946

0

3,000

6,000

9,000

12,000

15,000

18,000

21,000

24,000

4Q16 1Q17 2Q17 3Q17

Page 28

Plan Name#

Contributing# Not

Contributing TotalNM-PERA NEW MEXICO SCHOOL FOR THE DEAF 20 12 32NM-PERA VILLAGE OF CORONA 3 3 6NM-PERA COUNTY OF SIERRA 24 7 31NM-PERA CATRON COUNTY 3 2 5NM-PERA SAN JUAN COMMUNICATIONS AUTH 13 2 15NM-PERA VILLAGE OF MAGDALENA 1 3 4NM-PERA REGIONAL HOUSING AUTHORITY IV 12 4 16NM-PERA VALENCIA COUNTY 24 10 34NM-PERA RIO ARRIBA COUNTY 38 10 48NM-PERA VILLAGE OF COLUMBUS 0 2 2NM-PERA CITY OF LAS CRUCES 518 122 640NM-PERA CITY OF PORTALES 13 10 23NM-PERA CITY OF TUCUMCARI 8 10 18NM-PERA DE BACA GENERAL HOSPITAL 0 1 1NM-PERA CITY OF GALLUP 150 42 192NM-PERA SAN MIGUEL COUNTY 10 4 14NM-PERA GUADALUPE COUNTY 11 3 14NM-PERA OTERO COUNTY 52 25 77NM-PERA COUNTY OF SOUTHERN SANDOVAL 0 2 2NM-PERA TRUTH-CONSEQUENCES HOUSING AUTH 0 1 1NM-PERA CURRY COUNTY 14 6 20NM-PERA CITY OF ALAMOGORDO 111 43 154NM-PERA EDDY COUNTY 112 28 140NM-PERA CITY OF LAS VEGAS 47 13 60NM-PERA VILLAGE OF JEMEZ SPRINGS 1 0 1NM-PERA CITY OF BLOOMFIELD 22 13 35NM-PERA CENTRAL REGION EDUCATION CO-OP 3 6 9NM-PERA ELEPHANT BUTTE IRRIGATION DIST 28 12 40NM-PERA SANTA FE COUNTY 418 165 583NM-PERA CITY OF LOVINGTON 2 1 3NM-PERA VILLAGE OF SAN JON 3 0 3NM-PERA TOWN OF RED RIVER 8 1 9NM-PERA TOWN OF EDGEWOOD 4 5 9NM-PERA CHAVES COUNTY 100 40 140NM-PERA LUNA COMMUNITY COLLEGE 1 2 3NM-PERA PENASCO INDEPEND SCHOOL SYSTEM 0 1 1NM-PERA LAS VEGAS CITY SCHOOLS 0 3 3NM-PERA COUNTY OF GRANT 44 12 56NM-PERA LEA COUNTY 87 22 109NM-PERA N.M. INSTITUTE OF MINING & TECH 22 27 49NM-PERA QUAY COUNTY 10 3 13NM-PERA COUNTY OF LINCOLN 35 8 43NM-PERA CITY OF RATON 7 2 9NM-PERA VILLAGE OF LOS RANCHOS 0 1 1NM-PERA NEW MEXICO HIGHLANDS UNIVERSITY 26 8 34NM-PERA CITY OF TRUTH OR CONSEQUENCES 5 2 7NM-PERA VILLAGE OF TULAROSA 5 1 6NM-PERA CITY OF GRANTS 23 12 35NM-PERA STATE OF NM DEPT OF FIN & ADMIN 7297 4357 11654NM-PERA CARRIER TINGLEY HOSPITAL 0 1 1NM-PERA NEW MEXICO STATE FAIR COMM 0 17 17NM-PERA SANTA FE PUBLIC SCHOOLS 0 12 12

Page 29

Plan Name#

Contributing# Not

Contributing TotalNM-PERA CITY OF CARLSBAD 184 60 244NM-PERA TOWN OF SILVER CITY 76 18 94NM-PERA MORA COUNTY 0 1 1NM-PERA CITY OF HOBBS 154 63 217NM-PERA COLFAX COUNTY 4 1 5NM-PERA HIGH PLAINS REG. COOPERATIVE #3 4 6 10NM-PERA CENTRAL NM COMMUNITY COLLEGE CNM 94 122 216NM-PERA VILLAGE OF LOGAN 0 1 1NM-PERA ROOSEVELT COUNTY 5 4 9NM-PERA VILLAGE OF RUIDOSO 8 4 12NM-PERA SANTA FE COMMUNITY COLLEGE 7 9 16NM-PERA TOWN OF TAOS 16 11 27NM-PERA LUNA COUNTY 74 32 106NM-PERA SANTA FE COUNTY HOUSING AUTH 3 0 3NM-PERA VILLAGE OF ANGEL FIRE 1 1 2NM-PERA MESILLA VALLEY PUBLIC HOUSING AUTHORITY 10 7 17NM-PERA NM REGION IX EDUCATION CO-OP 9 8 17NM-PERA CITY OF ARTESIA 32 8 40NM-PERA RUIDOSO DOWNS 12 2 14NM-PERA CITY OF SANTA FE 607 177 784NM-PERA VILLAGE OF CUBA 5 0 5NM-PERA VILLAGE OF LOVING 4 0 4NM-PERA ALBUQUERQUE PUBLIC SCHOOLS 308 179 487NM-PERA NO CENTRAL N.M. ECON DVPT DEPT 3 10 13NM-PERA SAN JUAN COUNTY 116 42 158NM-PERA MCKINLEY COUNTY 36 8 44NM-PERA SOUTHWEST COUNCIL OF GOV 1 4 5NM-PERA CITY OF AZTEC 19 7 26NM-PERA CITY OF ALBUQUERQUE 699 417 1116NM-PERA VILLAGE OF LOS LUNAS 46 18 64NM-PERA TOWN OF ESTANCIA 4 2 6NM-PERA ARCH HURLEY CONSERVANCY DISTRICT 0 2 2NM-PERA CITY OF MORIARTY 12 3 15NM-PERA NM REGION IX HEADSTART 3 2 5NM-PERA NEW MEXICO DCP 0 3 3NM-PERA SOCORRO COUNTY 8 10 18NM-PERA CITY OF EUNICE 6 2 8NM-PERA NORTH CENTRAL REG TRANSIT DIST 5 4 9NM-PERA TOWN OF MESILLA 7 2 9NM-PERA CITY OF SUNLAND PARK 20 9 29NM-PERA CITY OF SOCORRO 14 9 23NM-PERA CITY OF FARMINGTON 217 84 301NM-PERA CITY OF ESPANOLA 44 4 48NM-PERA SOUTHEASTERN N.M. ECON DEV DIST 0 4 4NM-PERA NORTHERN NEW MEXICO COLLEGE 12 10 22NM-PERA VILLAGE OF CLOUDCROFT 1 0 1NM-PERA SCHOOL FOR THE BLIND & VIS IMPRD 26 6 32NM-PERA HIDALGO COUNTY 6 4 10NM-PERA DONA ANA COUNTY 231 46 277NM-PERA SANTA FE CIVIC HOUSING AUTHORITY 9 2 11NM-PERA VILLAGE OF QUESTA 3 1 4NM-PERA UNION COUNTY 4 0 4

Page 30

Plan Name#

Contributing# Not

Contributing TotalNM-PERA CITY OF SANTA ROSA 11 0 11NM-PERA VILLAGE OF TAOS SKI VALLEY 10 2 12NM-PERA SOCORRO SOIL AND WATER CONSERVATION DIST 2 0 2NM-PERA TAOS COUNTY 47 12 59NM-PERA SOUTH CENTRAL COUNCIL OF GOVERNMENTS 7 4 11NM-PERA NORTH CENTRAL SOLID WASTE AUTHORITY 13 4 17NM-PERA CITY OF DEMING 21 5 26NM-PERA TORRANCE COUNTY 13 2 15NM-PERA SANDOVAL COUNTY 31 4 35NM-PERA BERNALILLO COUNTY 855 251 1106NM-PERA THE DISCIPLINARY BOARD - NM SUPREME COURT 3 0 3NM-PERA ELDORADO AREA WATER & SANITATION DISTRICT 1 0 1NM-PERA ALBUQUERQUE BERNALILLO CO WATER UTIL DIST 104 17 121NM-PERA GRANT COUNTY SOLID WASTE AUTHORITY 7 2 9NM-PERA TAOS SOIL & WATER CONSERVATION DIST 4 1 5NM-PERA EAST TORRANCE SWCD 1 0 1NM-PERA SANTA CLARA HOUSING AUTHORITY 1 0 1NM-PERA EMW GAS ASSOCIATION 7 0 7NM-PERA HARDING COUNTY 3 2 5NM-PERA REGIONAL EMERGENCY DISPATCH AUTHORITY 4 0 4NM-PERA VILLAGE OF SANTA CLARA 2 1 3NM-PERA VILLAGE OF MILAN 7 5 12NM-PERA ESTANCIA VALLEY SOLID WASTE AUTHORITY 3 0 3NM-PERA CITY OF ROSWELL 206 18 224NM-PERA CITY OF LORDSBURG 8 0 8NM-PERA TOWN OF SPRINGER 2 0 2NM-PERA DE BACA FAMILY PRACTICE CLINIC 2 0 2NM-PERA VILLAGE OF EAGLE NEST 1 0 1NM-PERA RATON PUBLIC SERVICE CO 2 0 2NM-PERA ALBUQUERQUE SIGN LANGUAGE ACADEMY 1 0 1NM-PERA CITY OF ELEPHANT BUTTE 2 1 3NM-PERA VILLAGE OF FORT SUMNER 4 0 4NM-PERA MIDDLE RIO GRANDE CONSERVANCY DISTRICT 27 0 27Total 13,916 6,859 20,775

Page 31

Fund Investments

Assets and Contributions Summaries

Assets by Investment Carrier

Carrier 4Q16 1Q17 2Q17 3Q17

Aegon/Monumental ULI (Cash Value)

$447,268 $428,249 $432,207 $427,938

Transamerica Assurance ULI (Cash Value)

$703,747 $686,742 $688,151 $678,132

New Mexico Deferred Compensation Mutual Funds, LifeCycle Portfolios, Stable Value Account, SDO, and Loans

$530,451,607 $553,230,011 $566,851,794 $583,013,496

Total Assets $531,602,622 $554,345,002 $567,972,152 $584,119,566

$531,602,622

$554,345,002 $567,972,152 $584,119,566

$0

$100,000,000

$200,000,000

$300,000,000

$400,000,000

$500,000,000

$600,000,000

$700,000,000

4Q16 1Q17 2Q17 3Q17

Page 32

Assets and Contributions Summaries (continued)

Contributions by Investment Carrier

Carrier 4Q16 1Q17 2Q17 3Q17

Aegon/Monumental ULI $3,869 $4,175 $3,620 $1,517

Transamerica Life ULI $5,447 $6,181 $5,169 $1,930

New Mexico Deferred Compensation Mutual Funds, LifeCycle Portfolios, Stable Value Account, SDO, and Loans

$7,248,383 $8,192,335 $7,536,974 $8,209,246

Total Contributions $7,257,699 $8,202,691 $7,545,762 $8,212,693

$7,257,699

$8,202,691$7,545,762

$8,212,693

$0

$2,000,000

$4,000,000

$6,000,000

$8,000,000

$10,000,000

4Q16 1Q17 2Q17 3Q17

Page 33

Assets by Asset Class Summary

Investment Option 3Q17 %LifeCycle Portfolios $143,109,443 24.55%International Stock $27,432,000 4.71%Small-Cap Stock $12,849,424 2.20%Mid-Cap Stock $48,905,367 8.39%Large-Cap Stock $155,724,906 26.71%Bonds $23,269,484 3.99%Balanced Funds $21,353,789 3.66%New Mexico Loan Account $11,641,631 2.00%New Mexico Stable Value Fund $131,889,751 22.62%Self-Directed Option $4,720,941 0.81%Specialty $2,116,760 0.36%Total Investments $583,013,496 100.00%

Large-Cap Stock26.55%

Balanced Funds3.62%

New Mexico Loan Account

2.00%

Bonds4.18%


23.27%

Self-Directed Option0.82%

Specialty0.36%

Mid-Cap Stock8.36%




Page 34


Assets by Asset Class Detail

Asset Class/Fund Name 4Q16 % 1Q17 % 2Q17 % 3Q17 %3Q17 # of

Participants

Asset AllocationConservative Portfolio $35,784,458 6.75% $37,065,610 6.70% $38,187,781 6.74% $39,009,226 6.69% 2,331LifeCycle 2015 Portfolio $0 0.00% $0 0.00% $0 0.00% $0 0.00% 0LifeCycle 2020 Portfolio $1,491,689 0.28% $1,412,908 0.26% $1,711,248 0.30% $2,184,912 0.37% 175LifeCycle 2025 Portfolio $40,952,990 7.72% $43,483,456 7.86% $45,311,209 7.99% $47,593,584 8.16% 3,182LifeCycle 2030 Portfolio $1,580,052 0.30% $1,532,043 0.28% $1,961,495 0.35% $2,216,885 0.38% 328LifeCycle 2035 Portfolio $22,695,555 4.28% $24,225,655 4.38% $25,604,863 4.52% $26,852,451 4.61% 2,761LifeCycle 2040 Portfolio $1,875,904 0.35% $2,162,482 0.39% $2,348,931 0.41% $2,516,852 0.43% 374LifeCycle 2045 Portfolio $12,295,132 2.32% $13,254,611 2.40% $14,249,186 2.51% $15,111,115 2.59% 2,000LifeCycle 2050 Portfolio $640,277 0.12% $791,660 0.14% $770,947 0.14% $989,268 0.17% 443LifeCycle 2055 Portfolio $5,103,279 0.96% $5,420,945 0.98% $6,066,221 1.07% $6,635,150 1.14% 1,548 Total $122,419,337 23.08% $129,349,369 23.38% $136,211,882 24.03% $143,109,443 24.55%

SpecialtyINVESCO Global Real Estate Fund -R5 $1,928,943 0.36% $1,685,122 0.30% $1,639,112 0.29% $1,694,892 0.29% 329Principal Diversified Real Asset Fund - Institutional $384,683 0.07% $369,090 0.07% $399,070 0.07% $421,868 0.07% 103 Total $2,313,626 0.44% $128 0.37% $2,038,181 0.36% $2,116,760 0.36%

International StockAberdeen Emerging Markets Equity Fund Instl Class $1,962,786 0.37% $2,497,599 0.45% $2,664,292 0.47% $3,082,421 0.53% 391American Funds - Europacific Growth Fund - R6 $7,732,990 1.46% $8,380,245 1.51% $9,232,195 1.63% $9,836,326 1.69% 1,031Fidelity Diversified International Fund (Class K) $9,733,370 1.83% $10,218,958 1.85% $10,963,620 1.93% $11,547,730 1.98% 1,515Vanguard(R) Total International Stock Index Fund - Signal(TM) Shares $2,136,658 0.40% $2,550,848 0.46% $2,893,223 0.51% $2,965,522 0.51% 360 Total $21,565,804 4.07% $23,647,649 4.27% $25,753,330 4.54% $27,432,000 4.71%

Small-Cap StockDFA U.S. Small Cap Portfolio $12,622,541 2.38% $13,217,735 2.39% $12,955,162 2.29% $12,849,424 2.20% 1,777 Total $12,622,541 2.38% $13,217,735 2.39% $12,955,162 2.29% $12,849,424 2.20%

Mid-Cap StockFidelity Low-Priced Stock (Class K) $7,884,955 1.49% $8,301,549 1.50% $8,369,432 1.48% $8,482,640 1.45% 887Principal Mid Cap Blend Inst Fund $10,624,117 2.00% $11,800,759 2.13% $12,304,374 2.17% $12,801,250 2.20% 1,251T. Rowe Price Inst Mid-Cap Equity Growth Fund $24,766,615 4.67% $25,673,546 4.64% $26,713,104 4.71% $27,621,477 4.74% 2,151 Total $43,275,687 8.16% $45,775,854 8.27% $47,386,910 8.36% $48,905,367 8.39%

Large-Cap StockDodge & Cox Stock Fund $28,219,735 5.32% $30,980,523 5.60% $30,880,849 5.45% $31,730,242 5.44% 2,163Fidelity Contrafund (Class K) $33,892,417 6.39% $35,738,452 6.46% $38,263,005 6.75% $41,283,328 7.08% 2,245Vanguard Institutional Index (Instl Shares) $76,324,458 14.39% $79,842,390 14.43% $81,346,646 14.35% $82,711,335 14.19% 3,536 Total $138,436,610 26.10% $146,561,365 26.49% $150,490,499 26.55% $155,724,906 26.71%

Total Plan Assets by Asset Class

Page 35


Assets by Asset Class Detail


Participants

BondsTempleton Global Bond Fund - R6 $1,550,587 0.29% $1,832,992 0.33% $1,868,902 0.33% $2,148,969 0.37% 280Vanguard Inflation Protected Securities Fund -Institutional Shares $4,338,959 0.82% $4,796,296 0.87% $5,014,054 0.88% $4,692,364 0.80% 571Vanguard Total Bond Market Index Institutional $16,712,833 3.15% $16,565,898 2.99% $16,798,883 2.96% $16,428,152 2.82% 1,554 Total $22,602,379 4.26% $23,195,186 4.19% $23,681,838 4.18% $23,269,484 3.99%

Balanced FundsOakmark Equity Income Inst Fund $20,303,759 3.83% $20,586,433 3.72% $20,506,932 3.62% $21,353,789 3.66% 1,963 Total $20,303,759 3.83% $20,586,433 3.72% $20,506,932 3.62% $21,353,789 3.66%

Cash EquivalentsNew Mexico Loan Account $10,903,411 2.06% $11,134,330 2.01% $11,318,890 2.00% $11,641,631 2.00% 2,253New Mexico Stable Value Fund $131,604,196 24.81% $133,200,968 24.08% $131,884,328 23.27% $131,889,751 22.62% 6,399 Total $142,507,607 26.87% $144,335,298 26.09% $143,203,217 25.26% $143,531,382 24.62%

Self Directed OptionsSelf Directed Brokerage Account $4,404,258 0.83% $4,506,911 0.81% $4,623,843 0.82% $4,720,941 0.81% 53 Total $4,404,258 0.83% $4,506,911 0.81% $4,623,843 0.82% $4,720,941 0.81%

Grand Total $530,451,607 100% $553,230,011 100% $566,851,794 100% $583,013,496 100%

Total Plan Assets by Asset Class

Page 36

Contributions by Asset Class Summary

Investment Option3Q17

Contributions %LifeCycle Portfolios $4,277,492 52.11%International Stock $337,420 4.11%Small-Cap Stock $155,986 1.90%Mid-Cap Stock $495,324 6.03%Large-Cap Stock $1,134,624 13.82%Bonds $333,235 4.06%Balanced Funds $181,611 2.21%New Mexico Stable Value Fund $1,249,566 15.22%Specialty $43,988 0.54%Total Investments $8,209,246 100.00%


15.22%

Large-Cap Stock13.82%

Bonds4.06%

Balanced Funds2.21%

Mid-Cap Stock6.03%



Specialty0.54%


Page 37


Contributions by Asset Class Detail


Participants

Asset Allocation

Conservative Portfolio $810,823 11.19% $895,175 10.93% $753,642 10.93% $809,242 9.86% 1,430LifeCycle 2015 Portfolio $0 0.00% $0 0.00% $0 0.00% $0 0.00% 0LifeCycle 2020 Portfolio $66,835 0.92% $74,233 0.91% $130,150 0.91% $110,002 1.34% 129LifeCycle 2025 Portfolio $1,091,523 15.06% $1,221,788 14.91% $1,140,940 14.91% $1,178,945 14.36% 2,382LifeCycle 2030 Portfolio $55,899 0.77% $87,342 1.07% $110,815 1.07% $132,808 1.62% 262LifeCycle 2035 Portfolio $741,137 10.22% $999,934 12.21% $824,226 12.21% $873,802 10.64% 2,058LifeCycle 2040 Portfolio $72,977 1.01% $64,324 0.79% $90,225 0.79% $108,428 1.32% 299LifeCycle 2045 Portfolio $464,899 6.41% $518,202 6.33% $498,324 6.33% $547,214 6.67% 1,506LifeCycle 2050 Portfolio $37,506 0.52% $63,011 0.77% $79,180 0.77% $108,166 1.32% 391LifeCycle 2055 Portfolio $318,176 4.39% $354,716 4.33% $360,076 4.33% $408,884 4.98% 1,238 Total $3,659,775 50.49% $4,278,726 52.23% $3,987,579 52.23% $4,277,492 52.11%

SpecialtyINVESCO Global Real Estate Fund - R5 $42,276 0.58% $46,298 0.57% $38,056 0.57% $38,580 0.47% 178Principal Diversified Real Asset Fund - Institutional $6,159 0.08% $5,939 0.07% $5,937 0.07% $5,408 0.07% 53 Total $48,435 0.67% $128 0.64% $43,993 0.64% $43,988 0.54%

International StockAberdeen Emerging Markets Equity Fund Instnl Class $43,025 0.59% $52,784 0.64% $47,257 0.64% $52,845 0.64% 202American Funds - Europacific Growth Fund - R6 $87,929 1.21% $90,538 1.11% $84,775 1.11% $90,588 1.10% 436Fidelity Diversified International K $116,853 1.61% $120,589 1.47% $103,628 1.47% $118,295 1.44% 684Vanguard(R) Total International Stock Index Fund - Signal(TM) Shares $50,218 0.69% $53,927 0.66% $53,729 0.66% $75,692 0.92% 203 Total $298,025 4.11% $317,838 3.88% $289,390 3.88% $337,420 4.11%

Small-Cap StockDFA U.S. Small Cap Portfolio $132,133 1.82% $160,723 1.96% $148,196 1.96% $155,986 1.90% 952 Total $132,133 1.82% $160,723 1.96% $148,196 1.96% $155,986 1.90%

Mid-Cap StockFidelity Low Priced Stock Fund (Class K) $101,811 1.40% $104,545 1.28% $99,906 1.28% $108,114 1.32% 453Principal Mid Cap Blend Inst Fund $106,521 1.47% $121,835 1.49% $109,514 1.49% $120,115 1.46% 636T. Rowe Price Inst Mid-Cap Equity Growth Fund $240,923 3.32% $251,322 3.07% $223,802 3.07% $267,094 3.25% 1,055 Total $449,255 6.20% $477,702 5.83% $433,222 5.83% $495,324 6.03%

Total Contributions by Asset Class

Page 38


Contributions by Asset Class Detail


Participants

Large-Cap StockDodge & Cox Stock Fund $229,043 3.16% $259,884 3.17% $245,751 3.17% $279,355 3.40% 1,060Fidelity Contrafund (Class K) $260,465 3.59% $267,918 3.27% $230,744 3.27% $283,334 3.45% 980Vanguard Institutional Index (Instl Shares) $561,495 7.75% $613,485 7.49% $525,052 7.49% $571,935 6.97% 1,396 Total $1,051,003 14.50% $1,141,288 13.93% $1,001,548 13.93% $1,134,624 13.82%

BondsBlackRock Inflation Protected Bond $49,456 0.68% $0 0.00% $0 0.00% $0 0.00% 0Templeton Global Bond Fund - R6 $20,797 0.29% $23,540 0.29% $25,333 0.29% $35,596 0.43% 148Vanguard Inflation Protected Securities Fund -Institutional Shares $9,430 0.13% $94,457 1.15% $57,037 1.15% $59,780 0.73% 301Vanguard Total Bond Market Index Fund Inst $239,646 3.31% $267,485 3.27% $235,495 3.27% $237,859 2.90% 774 Total $319,329 4.41% $385,481 4.71% $317,864 4.71% $333,235 4.06%

Balanced FundsOakmark Equity Income Inst Fund $162,407 2.24% $163,571 2.00% $149,327 2.00% $181,611 2.21% 886 Total $162,407 2.24% $163,571 2.00% $149,327 2.00% $181,611 2.21%

Cash EquivalentsNew Mexico Stable Value Fund $1,128,021 15.56% $1,214,769 14.83% $1,165,855 14.83% $1,249,566 15.22% 2,870 Total $1,128,021 15.56% $1,214,769 14.83% $1,165,855 14.83% $1,249,566 15.22%

Grand Total $7,248,383 100% $8,140,226 100% $7,536,974 100% $8,209,246 100%

Total Contributions by Asset Class

Page 39

Investment Summary

Investment Diversification - All Participants by Number of Funds

One 12,114 60.02% 12,212 60.25% 12,428 60.73% 12,753 61.38%Two 3,465 17.17% 3,451 17.03% 3,457 16.89% 3,445 16.58%Three 1,334 6.61% 1,327 6.55% 1,316 6.43% 1,328 6.39%Four 812 4.02% 810 4.00% 809 3.95% 802 3.86%Five 620 3.07% 622 3.07% 624 3.05% 618 2.97%Six 747 3.70% 755 3.72% 741 3.62% 736 3.54%Seven 428 2.12% 427 2.11% 426 2.08% 421 2.03%Eight 270 1.34% 268 1.32% 266 1.30% 259 1.25%Nine 147 0.73% 143 0.71% 144 0.70% 145 0.70%Ten+ 246 1.22% 253 1.25% 254 1.24% 270 1.30%Participants with Only Monumental, Transamerica, or any combination of same. 0 0.00% 1 0.00% 1 0.00% 1 0.00%Total # of Participants* 20,183 100% 20,269 100% 20,466 100% 20,778 100%* Total # of participants includes those using one or more LifeCycle Portfolios. One LifeCycle Portfolio equals one fund.

%Number of

Funds

# of Participants

2Q17

# of Participants

3Q17%

# of Participants

4Q16

# of Participants

1Q17%%

12,428

3,457

1,316

809 624 741426 266 144 254

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

3Q17

One Two Three Four Five Six Seven Eight Nine Ten+

Page 40

Investment Summary

Investment Diversification - All Participants by Number of Asset Classes

One 4,731 23.44% 4,625 22.82% 4,543 22.20% 4,465 21.49%Two 1,411 6.99% 1,398 6.90% 1,396 6.82% 1,376 6.62%Three 813 4.03% 808 3.99% 789 3.86% 777 3.74%Four 616 3.05% 616 3.04% 606 2.96% 602 2.90%Five+* 12,612 62.49% 12,821 63.26% 13,131 64.16% 13,557 65.25%Total # of Participants 20,183 100% 20,268 100% 20,465 100% 20,777 100%*Participants taking advantage of LifeCycle Portfolios are captured as investing in 5+ asset classes.

%%Number of Asset Classes

# of Participants

1Q17

# of Participants

4Q16

# of Participants

3Q17

# of Participants

2Q17%%

4,731 4,4654,625 4,543

1,411 1,398 1,396 1,376

813 808 789 777616 616 606 602

12,612 12,821

13,131 13,557

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

4Q16 1Q17 2Q17 3Q17

One Two Three Four Five+*

Page 41

Investment Summary (continued)

Investment Diversification - Participants Using LifeCycle Portfolios to Achieve Diversification

Conservative Portfolio 2,436 2,412 2,377 2,331LifeCycle 2015 Portfolio 0 0 0 0LifeCycle 2020 Portfolio 111 130 148 175LifeCycle 2025 Portfolio 3,178 3,170 3,168 3,182LifeCycle 2030 Portfolio 185 225 277 328LifeCycle 2035 Portfolio 2,685 2,706 2,724 2,761LifeCycle 2040 Portfolio 207 250 320 374LifeCycle 2045 Portfolio 1,873 1,907 1,948 2,000LifeCycle 2050 Portfolio 205 272 340 443LifeCycle 2055 Portfolio 1,230 1,298 1,395 1,548Total # of Participants* 12,110 12,370 12,697 13,142* Total reflects duplicate counts for participants invested in more than one LifeCycle Portfolio.

# of Participants

2Q17

# of Participants

3Q17Fund

# of Participants

4Q16

# of Participants

1Q17

185 207 205

2,436 2,4122,331

2,377

0 0 0 0111 130 175148

3,178 3,170 3,1823,168

328277225

2,685 2,706 2,7612,724

320 374

250

2,0001,9481,9071,873

443340272

1,5481,395

1,2981,230

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4Q16 1Q17 2Q17 3Q17

Conservative Portfolio LifeCycle 2015 Portfolio LifeCycle 2020 Portfolio LifeCycle 2025 Portfolio

LifeCycle 2030 Portfolio LifeCycle 2035 Portfolio LifeCycle 2040 Portfolio LifeCycle 2045 Portfolio

LifeCycle 2050 Portfolio LifeCycle 2055 Portfolio

Page 42

SHORT‐TERM TRADE FEES: Some funds may impose a short‐term trade fee. Some funds may be subject to a trade‐restriction policy. This information is explained in the underlying prospectus.

INVESTMENT OPTION (“FUND”) FEES: The returns are reported after the fees that the fund manager charges have been applied, but do not reflect plan administration fees.

Don’t count on numbers alone

If you see something you’d like to know more about, ask your Nationwide representative.

Questions?

866‐827‐6639

www.newmexico457dc.com

Investment Performance ReportInvestment returns annualized as of September 30, 2017

Your employer’s deferred compensation plan offers a broad portfolioof investment options. As a participant, you decide how to distributeyour deferrals and invested assets among these options.

It’s natural to want to know how your investments are doing overtime. This performance report shows how the options in the Planhave performed over a series of time periods.

Fees and Expenses:

ADMINISTRATOR’S FEE: If applicable, an annualized $30administrator’s fee may be charged in addition to a 0.135% annual plan asset fee, which, if reflected, would reduce the performance shown.

GROSS EXPENSE RATIO: Gross expense ratios represent the fund’stotal operating expenses expressed as a percentage of the assetsheld in the fund. Your expenses may be less than the gross expenseratio. For more information about gross expense ratios, read thefund’s prospectus.

PROVIDER FEES or REIMBURSEMENTS: Are used to offset administrative expenses.

Page 43

Ticker Investment Options YTD 1 Year 3 Year 5 Year 10 Year Since Inception Inception Date Gross Expense Ratio Gross Cost per $1000

N/A New Mexico Conservative Portfolio 6.71% 5.85% 3.75% 4.09% 3.85% 4.31% 2/24/2005 0.38% 3.80$ N/A New Mexico LifeCycle 2020 Portfolio 8.64% 7.81% N/A N/A N/A 9.40% 5/13/2016 0.38% 3.80$ N/A New Mexico LifeCycle 2025 Portfolio 10.96% 10.32% 5.83% 7.58% 4.09% 5.33% 2/24/2005 0.38% 3.80$ N/A New Mexico Life Cycle 2030 Portfolio 12.57% 12.04% N/A N/A N/A 13.50% 5/13/2016 0.41% 4.10$ N/A New Mexico LifeCycle 2035 Portfolio 13.77% 13.28% 6.79% 8.75% 4.55% 6.03% 2/24/2005 0.44% 4.40$ N/A New Mexico LifeCycle 2040 Portfolio 14.43% 13.90% N/A N/A N/A 15.02% 5/13/2016 0.44% 4.40$ N/A New Mexico LifeCycle 2045 Portfolio 15.11% 14.53% 7.19% 9.26% 5.03% 6.67% 2/24/2005 0.44% 4.40$ N/A New Mexico LifeCycle 2050 Portfolio 15.46% 14.91% N/A N/A N/A 14.81% 5/13/2016 0.44% 4.40$ N/A New Mexico LifeCycle 2055 Portfolio 15.69% 15.13% 7.40% 9.51% 4.79% 4.91% 5/18/2007 0.44% 4.40$

Asset class: Specialty Funds that invest in a concentrated sector or focus on a relatively small number of securities may be subject to greater volatility than a more diversified investment. Funds that focus on real estate investing are sensitive to economic and business cycles, changing demographic patterns and governent actions.

IGREX Invesco Global Real Estate Fund ‐ Class R5 9.02% 2.29% 5.49% 6.72% 1.86% 6.20% 4/29/2005 0.88% 8.80$ PDRDX Principal Diversified Real Asset Fund ‐ Institutional 7.50% 6.47% ‐1.13% 1.40% N/A 4.09% 03/16/2010 0.89% 8.90$

Asset Class: International

International/emerging markets funds involve risks not associated with investing solely in the U.S., such as currency fluctuation, political risk, differences in accounting and the limited availability of information.

ABEMX Aberdeen Emerging Markets Equity Fund ‐ Institutional Class24.12% 16.94% 4.23% 3.03% 5.29% 6.58% 5/11/2007 1.12% 11.20$

RERGX EuroPacific Growth Fund® ‐ Class R6 25.85% 20.63% 7.56% 9.51% 3.65% 11.31% 4/16/1984 0.50% 5.00$ FDIKX Fidelity® Diversified International Fund ‐ Class K 22.27% 16.53% 6.38% 9.22% 1.94% 8.53% 12/27/1991 0.92% 9.20$

VTSNXVanguard® Total International Stock Index Fund ‐ Institutional Shares

21.63% 19.30% 5.32% 7.51% N/A 5.67% 11/29/2010 0.09% 0.90$

These funds are designed to provide diversification and asset allocation across several types of investments and asset classes. Because they primarily invest in underlying funds, their expense ratio includes a Asset Class: Asset Allocation

proportionate share of the applicable fees and expenses of the underlying funds. There is no guarantee that target date funds will provide enough income for retirement.

State of NM PERA Deferred Compensation PlanInvestment returns annualized as of September 30, 2017

What to look for in this tableThe following are the annualized percentage changes in net assets (with capital gains and income dividends reinvested) for the funds under the Plan, for the respective periods ending September 30, 2017. Investing involves market risk, including the possible loss of principal. Included with

The results shown represent past performance and do not represent expected future performance or experience. Past performance does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the data quoted. Performance data current to the most recent month‐end may be obtained by visiting:www.newmexico457dc.com.

Please consider the fund’s investment objectives, risks, and charges and expenses carefully before investing. Both the underlying fund prospectuses and informational brochure contain this and other important information, and are available by calling 866‐827‐6639. Read carefully before investing.

Page 44

Ticker Investment Options YTD 1 Year 3 Year 5 Year 10 Year Since Inception Inception Date Gross Expense Ratio Gross Cost per $1000

DFSTX DFA U.S. Small Cap Portfolio 7.44% 19.77% 11.76% 14.48% 8.91% 10.75% 03/19/1992 0.37% 3.70$ Asset Class: Mid‐Cap Stocks

FLPKX Fidelity® Low‐Priced Stock Fund ‐ Class K 13.23% 17.01% 8.54% 12.92% 8.22% 13.82% 12/27/1989 0.78% 7.80$ PCBIX Principal Mid‐Cap Blend Fund ‐ Institutional Class 19.48% 20.59% 12.61% 15.76% 10.69% 10.73% 12/06/2000 0.68% 6.80$ PMEGX T. Rowe Price Institutional Mid‐Cap Equity Growth Fund 20.44% 21.13% 14.48% 17.07% 10.52% 12.32% 7/31/1996 0.61% 6.10$

Asset Class: Large‐cap StocksDODGX Dodge & Cox Stock Fund 11.89% 23.88% 9.83% 15.65% 6.59% 11.19% 01/04/1965 0.52% 5.20$ FCNKX Fidelity Contrafund ‐ Class K 23.98% 23.32% 12.14% 14.67% 8.64% 12.52% 05/17/1967 0.58% 5.80$ VINIX Vanguard® Institutional Index Fund ‐ Institutional 14.21% 18.57% 10.79% 14.19% 7.44% 9.77% 07/31/1990 0.04% 0.40$

Asset Class: BalancedOAKBX Oakmark Equity and Income Fund (The) ‐ Class I 9.83% 15.30% 6.45% 9.39% 6.54% 10.30% 11/01/1995 0.89% 8.90$

Asset Class: BondsBond funds have the same interest rate, inflation and credit risks that are associated with the underlying bonds owned by the fund. Funds that invest in high‐yield securities are subject to greater credit risk and price fluctuations than funds that invest in higher‐quality securities.

VIPIXVanguard Inflation Protected Securities Fund‐Institutional Shares

1.72% ‐1.00% 1.60% ‐0.03% 3.79% 4.02% 12/12/2003 0.07% 0.70$

FBNRX Templeton Global Bond Fund ‐ Class R6 4.65% 13.36% 1.85% 3.12% 6.44% 7.85% 9/18/1986 0.58% 5.80$

VBTIXVanguard® Total Bond Market Index Fund ‐ Institutional Shares

3.15% ‐0.12% 2.63% 1.98% 4.25% 5.24% 9/18/1995 0.04% 0.40$

Asset Class: Short‐term InvestmentsBecause the value of the securities held by stable value funds will fluctuate, there is the risk that an investor will lose money investing in stable value funds.

N/A New Mexico Stable Value Fund 1.29% 1.74% 1.59% 1.51% 1.99% 2.61% 9/24/2003 0.42% 4.20$

NRX‐0319NM‐NM.0314

Funds investing in stocks of small or emerging companies may have less liquidity than those investing in larger, established companies and may be subject to greater price volatility and risk than the overall

Ownership Rights© 2014, Nationwide Retirement Solutions. Nationwide, the Nationwide framemark and On Your Side are service marks of Nationwide Mutual Insurance Company. Nationwide representatives are Registered Representatives of Nationwide Investment Services Corporation: Member FINRA. In MI only, Nationwide Investment Svcs. Corporation. Fund category and gross expense ratio data provided by Morningstar®. The Morningstar information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Although data is gathered from reliable sources, data accuracy and completeness cannot be guaranteed. Gross expense ratio data is as of the last date of the month prior to quarter end.

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Fee Summary

Quarterly Fee Reconciliation - Nationwide

REVENUES 4Q16 1Q17 2Q17 3Q17

PARTICIPANT REVENUES

Asset / Admin Fee Amount Collected** $ 262,121.19

Active Participants

Per Participant Fee (Administrator fee) 13.20 13.08 12.96

Number of Participants collected from 19,196 19,422 19,687

Total Administrator fee $ 253,387.20 $ 254,039.76 $ 255,143.52

Terminated Participants*

Per Participant Fee (Prorated) $ 13.00 $ 13.00 $ 13.00

Number of Participants collected from 302 365 335

Terminated Participant Fees Collected $ 1,992.31 $ 2,344.68 $ 1,918.38

Total Administrator Fees Collected $ 255,379.51 $ 256,384.44 $ 257,061.90

PRODUCT PROVIDER REVENUES Per Participant Rebate $ 1.91 $ 2.00 $ 2.09

12b-1 and Sub TA Fees $ 36,657.60 $ 38,895.43 $ 41,275.14 $ 43,537.38

Fidelity Sub TA Fees $ - $ - $ - $ -

Total Product Provider Revenues $ 36,657.60 $ 38,895.43 $ 41,275.14 $ 43,537.38

GRAND TOTAL REVENUES $ 292,037.11 $ 295,279.87 $ 298,337.04 $ 305,658.57

PAYMENTS

NATIONWIDE RETIREMENT SOLUTIONS FEE

Active Participants

Per Participant Fee (Administrator fee) $ 13.00 $ 13.00 $ 13.00 $ 13.00

Number of Participants collected from 19,196 19,422 19,687 20,140

Total Administrator fee $ 249,548.00 $ 252,486.00 $ 255,931.00 $ 261,820.00

Terminated Participants

Per Participant Fee (Prorated) $ 13.00 $ 13.00 $ 13.00

Number of Participants collected from 302 365 335

Total participant Fees Collected $ 1,962.12 $ 2,330.34 $ 1,906.65

Total Participant Fees Due Nationwide $ 251,510.12 $ 254,816.34 $ 257,837.65 $ 261,820.00

MEKETA CONSULTING FEE $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 20,000.00

PERA PAYMENT FOR EXPENSES $ 20,526.99 $ 20,463.53 $ 20,499.39 $ 20,500.00

GRAND TOTAL PAYMENT $ 292,037.11 $ 295,279.87 $ 298,337.04 $ 302,320.00

EXCESS REVENUE ACCOUNT*** $ 3,338.57

* Terminated Participants pay a prorata share of the quarterly fee of $13.00.** Asset/Admin fee began 3rd qtr 2017. Admin fee of $7.50 per quarter and a basis point fee of 13.5 (.135%) not to exceed $18.50 per

quarter. *** Excess Revenue Account will be used to offset increase in Consulting fees and plan level expenses.

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