Public Employees Retirement Association for the Deferred Compensation Plan

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1 First Quarter 2017 Plan Review March 31, 2017 Public Employees Retirement Association for the Deferred Compensation Plan Administered by: Nationwide Retirement Solutions 10 W. Nationwide Boulevard X Columbus, OH Local Address: 3600 Rodeo Lane, Suite B1 Santa Fe, NM 87507

2 Table of Contents Section Topic Page(s) I Executive Summary 1 Participant Education Services -Enrollment Activity -Enrollment Activity Summary 2 -New Enrollment Contributions by Investment Options 2 -Investment Diversification - New Participants by Number of Funds 3 -Investment Diversification - New Participants by Number of Asset Classes 4 -Investment Diversification - New Participants Invested in LifeCycle Portfolios 5 -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 -Morningstar 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 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 Fee Summary -Quarterly Fee Reconciliation 46

3 Executive Summary

4 1Q2017 Executive Summary Important Plan Stats & Demographics Current Assets: $554,345,002 (see page 32) Total Participants: 20,268 (see page 28) Median Account Balance: $6,762 Increased Contributions: 502 (see page 2) Reinstatements: 49 (see page 2) Rollovers-In Activity: 47 new rollovers in representing $1,295,598 (see page 16) Rollovers-Out Activity: 62 new rollovers out representing $2,367,567 (see page 17) Loan Activity: 194 loans totaling $1,475,264 approved (see page 18) UE Activity: 77 unforeseeable emergency requests totaling $184,709 approved (see page 13) Lifecycle Funds: 405 new participants enrolled in the lifecycle portfolios. (see page 5) 63.26% of participants are diversified in 5 or more asset classes. (see page 41) 63.85% of participants use Lifecycle Funds to achieve this diversification. (see page 42) Enrollment Activities Nationwide representatives enrolled 558 employees during the quarter, conducted 236 workshops and held 476 individual meetings reaching approximately 1,561 employees. Achievements 2017 glidepath was implemented for the LifeCycle Portfolio of funds LifeCycle Portfolio Fact Sheets were updated and posted to the website. Published a Make a Resolution for your Future full page color ad in the January edition of the Round the Roundhouse publication. Published a Savers Credit full page color ad in the April edition of the Round the Roundhouse publication. The PERA Smart Save Plan s new fee structure proposal was approved in January. A participant communication plan for the new fee structure was developed. Upcoming Items Fiscal Year 2016/17 audit. New fee structure communication strategy for 3 rd quarter rollout. Discussion and planning around online enrollment and contribution changes. The Morningstar guidance and advise tool on the website will be updated to a Wilshire guidance and advise tool. Page 1

5 Participant Education Services

6 Enrollment Activity Enrollment Activity Summary 1, New Enrollments Increased Contributions Reinstatements Decreases Stops *There were 558 new enrollments signed and 439 new accounts that received first deferral by quarter end. New Enrollment Contributions by Investment Class Mid-Cap Stock 0.78% Small-Cap Stock 0.27% International Stock 0.54% Large-Cap Stock 2.14% Bonds 1.10% Balanced Funds 0.32% Specialty Funds 0.12% New Mexico Stable Value Fund 12.31% LifeCycle Portfolios 82.42% Investment Option 1Q17 New Enrollment Contributions % LifeCycle Portfolios $150, % International Stock $ % Small-Cap Stock $ % Mid-Cap Stock $1, % Large-Cap Stock $3, % Bonds $2, % Balanced Funds $ % Specialty $ % New Mexico Stable Value Fund $22, % Total Investments $182, % Page 2

7 Enrollment Activity (continued) Investment Diversification - New Participants by Number of Funds Q17* One Two Three Four Five Six Seven Eight Nine Ten+ Number of Funds # of Participants 2Q16 # of Participants 3Q16 # of Participants 4Q16 # of Participants 1Q17* One Two Three Four Five Six Seven Eight Nine Ten Total # of New Participants** *These numbers represent the new participants who deferred into the plan by March 31, **Total # of participants includes those using one or more LifeCycle Portfolios. One LifeCycle Portfolio equals one fund. Page 3

8 Enrollment Activity (continued) Investment Diversification - New Participants by Number of Asset Classes One Two Three Four Five+** Number of Asset Classes # of Participants # of Participants # of Participants # of Participants * One Two Three Four Five Total # of New Participants** *These numbers represent new participants who deferred into the plan by March 31, **Participants taking advantage of LifeCycle Portfolios are captured as investing in 5+ asset classes. Page 4

9 Enrollment Activity (continued) Investment Diversification - New Participants Using LifeCycle Portfolios to Achieve Diversification 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 Fund # of Participants # of Participants # of Participants # of Participants 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 Total # of New Participants* * Total reflects duplicate counts for participants invested in more than one LifeCycle Portfolio. Page 5

10 Group Meeting Activity Summary Statistics 4,000 3,500 3,000 2,500 2,519 2,425 2,000 1,500 1,975 1,561 1, Number of Group Meetings 225* 274* Total Attendance at Group Meetings 2,519** 2,425** 1,975** 1,561** Number of Individual Meetings *Number of Group Meetings has been adjusted to now reflect one meeting for both meeting presentations "Join It" and "Asset Allocation". **Total Attendance at Group Meetings has been adjusted to reflect the number of individuals attending each meeting which includes both presentations. Page 6

Make a resolution for your future Enroll (or increase your contributions) in your New Mexico PERA SmartSave Deferred Compensation Plan and give yourself the gift of a better retirement.

11 Make a resolution for your future Enroll (or increase your contributions) in your New Mexico PERA SmartSave Deferred Compensation Plan and give yourself the gift of a better retirement. Now is the time to put your best foot forward It s a whole new year, and time to reassess your outlook for retirement. Now, you have the opportunity to do something your future self will thank you for by investing in your retirement! This year, make a resolution to begin saving the income you ll need in retirement. To enroll, visit our website and click on Enroll tab. Please keep in mind that investing involves market risk, including possible loss of principal NMEX (6639) Or call one of these local representatives. Chris Day Northern NM Dayc5@Nationwide.com Clayton Puckett Central NM (cell) Pucketc1@Nationwide.com Linda Miller Southern NM Millel45@Nationwide.com The NM PERA SmartSave Plan is administered by Nationwide. Nationwide representatives are Registered Representatives of Nationwide Investment Services Corporation, member FINRA. Nationwide Retirement Specialists cannot offer investment, tax or legal advice. You should consult your own counsel before making retirement plan decisions. Nationwide and the Nationwide N and Eagle are service marks of Nationwide Mutual Insurance Company Nationwide NRM-15071NM-NM.1 (12/16) Page 7

Feel like you can t save for retirement? Let Uncle Sam help. The federal Saver s Tax Credit rewards low- and moderate-income taxpayers who are working hard but may need help saving for retirement.

12 Feel like you can t save for retirement? Let Uncle Sam help. The federal Saver s Tax Credit rewards low- and moderate-income taxpayers who are working hard but may need help saving for retirement. If you qualify, you can take a tax credit on your federal income tax return just for investing for retirement through the PERA SmartSave Deferred Compensation Plan. Filing Status / Adjusted Gross Income for 2017 Amount of Credit Joint Head of Household Single/Others 50% of first $2,000 invested $0 to $37,000 $0 to $27,750 $0 to $18,500 20% of first $2,000 invested $37,001 to $40,000 $27,751 to $30,000 $18,501 to $20,000 10% of firs $2,000 invested $62,000 $30,001 to $46,500 $20,001 to $31,000 Source: IRS.gov More reasons to enroll Resources, education and individual attention Automatic payroll deduction Low administrative fees Variety of investment choices PERA Board oversight Investments potentially grow tax deferred Assets may be used to purchase PERA and ERA service credit on a pre-tax basis Schwab Personal Choice Retirement Account (PCRA) brokerage services, provided by Charles Schwab & Co., Inc. (member SIPC) Loan provision and unforeseeable emergency assistance Access to your account via any web-enabled device Contact us at NMEX (6639), or call one of these local representatives. Clayton Puckett (Central NM) (cell) Chris Day (Northern NM) (cell) Linda Miller (Southern NM) (cell) The NM PERA Smart Save Plan is administered by Nationwide. Assets are taxable in the year they are withdrawn from the Plan. Investing involves market risk, including possible loss of principal. Nationwide representatives are Registered Representatives of Nationwide Investment Services Corporation, member FINRA. Nationwide Retirement Specialists cannot offer investment, tax or legal advice. You should consult your own counsel before making retirement plan decisions. Nationwide and the Nationwide N and Eagle are service marks of Nationwide Mutual Insurance Company Nationwide NRM-4839M2.2 (04/17) Page 8

13 Group Meeting Activity (continued) First Quarter 2017 Scheduled Group Meetings Entity/Agency Department/ Meeting type Location Rep. Week Ending Attended Department of Public Safety State Police Santa Fe Day 1/13/ Public Education Department Santa Fe Day 1/13/ Department of Transportation Tres Pierdres Day 1/13/ Human Services Department Income Support Las Cruces Miller 1/13/ PERA Retirement Seminar Puckett 1/13/ Coral Communities Charter School Puckett 1/13/ Taxation and Revenue Department New Employee Orientation Puckett 1/13/ Santa Fe County New Employee Orientation Santa Fe Day 1/20/ Santa Fe County Assessor Santa Fe Day 1/20/ Santa Fe County Clerk Santa Fe Day 1/20/ School for the Blind and Visually Impaired Alamogordo Day 1/20/ Department of Health Artesia Day 1/20/ Children Youth and Families Department Artesia Day 1/20/ City of Artesia City Hall Artesia Day 1/20/ City of Artesia Public Safety Artesia Day 1/20/ Regional Emergency Dispatch Authority Artesia Day 1/20/ Human Services Department Artesia Day 1/20/ Department of Workforce Solutions Artesia Day 1/20/ Energy Minerals and Natural Resources Department Artesia Day 1/20/ Department of Transportation Artesia Day 1/20/ Department of Public Safety State Police Artesia Day 1/20/ Administrative Office of the Courts Magistrate Court Artesia Day 1/20/ City of Albuquerque Fire Station 18 Albuquerque Puckett 1/20/ Bernalillo County Communications Albuquerque Puckett 1/20/ City of Albuquerque Fire Station 7 Albuquerque Puckett 1/20/ Department of Health Albuquerque Puckett 1/20/ City of Albuquerque Child Development Albuquerque Puckett 1/20/ Regulation and Licensing Department Santa Fe Day 1/27/ Aging and Long Term Services Department Santa Fe Day 1/27/ Board of Examiners for Architects Santa Fe Day 1/27/ Department of Transportation Wagon Mound Day 1/27/ City of Las Cruces Fire - Valley- A shift Las Cruces Miller 1/27/ City of Las Cruces Fire - Foster - A Shift Las Cruces Miller 1/27/ City of Las Cruces Fire - Missouri - A Shift Las Cruces Miller 1/27/ City of Las Cruces Fire - Bataan - A Shift Las Cruces Miller 1/27/ City of Las Cruces Fire - Picacho - A Shift Las Cruces Miller 1/27/ City of Las Cruces Fire - Airport - A Shift Las Cruces Miller 1/27/ City of Las Cruces Fire - Northridge - A Shift Las Cruces Miller 1/27/ City of Las Cruces Fire - Missouri - B Shift Las Cruces Miller 1/27/ City of Las Cruces Fire - Northridge - B Shift Las Cruces Miller 1/27/ City of Las Cruces Fire - Picacho - B Shift Las Cruces Miller 1/27/ City of Las Cruces Fire - Bataan - B Shift Las Cruces Miller 1/27/ City of Las Cruces Fire - Foster - B Shift Las Cruces Miller 1/27/ City of Las Cruces Fire - Valley - B Shift Las Cruces Miller 1/27/ City of Las Cruces Fire - Airport - B Shift Las Cruces Miller 1/27/ City of Las Cruces Fire - Missouri - C Shift Las Cruces Miller 1/27/ City of Las Cruces Fire - Northridge - C Shift Las Cruces Miller 1/27/ City of Las Cruces Fire - Bataan - C Shift Las Cruces Miller 1/27/ City of Las Cruces Fire - Picacho - C Shift Las Cruces Miller 1/27/ City of Las Cruces Fire - Foster - C Shift Las Cruces Miller 1/27/ City of Las Cruces Fire - Valley - C Shift Las Cruces Miller 1/27/ City of Las Cruces Fire - Airport - C Shift Las Cruces Miller 1/27/ Bernalillo County Youth Services Albuquerque Puckett 1/27/ Bernalillo County Purchasing Albuquerque Puckett 1/27/ Albuquerque Public Schools Antigua Elementary Albuquerque Puckett 1/27/ Bernalillo County Fire Station 38 Albuquerque Puckett 1/27/ Santa Fe County New Employee Orientation Santa Fe Day 2/3/ Department of Health Santa Fe Day 2/3/ Public Education Department Santa Fe Day 2/3/ Department of Health Santa Fe Day 2/3/ Southwest Solid Waste Authority Silver City Miller 2/3/ Grant County Roads Silver City Miller 2/3/ Grant County Sheriff Silver City Miller 2/3/ Page 9

14 Grant County Administration Silver City Miller 2/3/ Department of Public Safety Port of Entry Lordsburg Miller 2/3/ Mesilla Valley Dispatch Authority Las Cruces Miller 2/3/ Albuquerque Public Schools Taft Middle School Albuquerque Puckett 2/3/ Regulation and Licensing Department Albuquerque Puckett 2/3/ Bernalillo County Public works Albuquerque Puckett 2/3/ Bernalillo County Fire Station 46 Albuquerque Puckett 2/3/ Santa Fe County Clerk County Clerk Santa Fe Day 2/10/ Taxation and Revenue Department Santa Fe Day 2/10/ Administrative Office of the District Attorney 1st Judicial District Attorney Santa Fe Day 2/10/ City of Carlsbad Museum Carlsbad Miller 2/10/ City of Carlsbad Transit Carlsbad Miller 2/10/ City of Carlsbad Public Works Carlsbad Miller 2/10/ City of Carlsbad Water Carlsbad Miller 2/10/ City of Carlsbad Police Carlsbad Miller 2/10/ City of Carlsbad City Hall Carlsbad Miller 2/10/ City of Carlsbad Police Carlsbad Miller 2/10/ Eddy County Detention Carlsbad Miller 2/10/ Bernalillo County Fire Station 46 Albuquerque Puckett 2/10/ City of Albuquerque Retirement Seminar Albuquerque Puckett 2/10/ City of Albuquerque John Marshall Community Center Albuquerque Puckett 2/10/ Taxation and Revenue Department Albuquerque Puckett 2/10/ PERA Retirement Seminar Albuquerque Puckett 2/10/ City of Albuquerque Fire station 6 Albuquerque Puckett 2/10/ Department of Transportation New Employee Orientation Santa Fe Day 2/17/ Santa Fe County New Employee Orientation Santa Fe Day 2/17/ NM Behavioral Health Institute New Employee Orientation Las Vegas Day 2/17/ NM Behavioral Health Institute Staff Development Las Vegas Day 2/17/ Public Regulation Commission AM Santa Fe Day 2/17/ Public Regulation Commission PM Santa Fe Day 2/17/ School for the Deaf Santa Fe Day 2/17/ Bernalillo County Fire Station 32 Albuquerque Puckett 2/17/ City of Albuquerque Fire Station 17 Albuquerque Puckett 2/17/ Central NM Community College Retirement Seminar Albuquerque Puckett 2/17/ Department of Corrections Santa Fe Day 2/24/ Department of Transportation AM Santa Fe Day 2/24/ Department of Transportation PM Santa Fe Day 2/24/ Department of Transportation Cuba Day 2/24/ City of Farmington Parks and Recreation Farmington Day 2/24/ City of Farmington Municipal Operations Farmington Day 2/24/ City of Farmington East Annex Farmington Day 2/24/ City of Farmington City Hall Farmington Day 2/24/ City of Farmington West Annex Farmington Day 2/24/ Administrative Office of the Courts Magistrate Court Cuba Day 2/24/ Department of Corrections Western NM Correctional Facility - AM Grants Puckett 2/24/ Department of Corrections Western NM Correctional Facility - PM Grants Puckett 2/24/ City of Albuquerque Fire Station 2 Albuquerque Puckett 2/24/ Bernalillo County Housing Albuquerque Puckett 2/24/ Central NM Community College Main Campus Albuquerque Puckett 2/24/ Central NM Community College Retirement Seminar Albuquerque Puckett 2/24/ Department of Health Albuquerque Puckett 2/24/ General Services Department Santa Fe Day 3/3/ Santa Fe County Santa Fe Day 3/3/ City of Santa Fe Public works Santa Fe Day 3/3/ Taos Ski Valley Taos Day 3/3/ Human Services Department Santa Fe Day 3/3/ City of Espanola Espanola Day 3/3/ Bernalillo County Fire Station 30 - A Shift Albuquerque Puckett 3/3/ Bernalillo County Fire Station 31 - A Shift Albuquerque Puckett 3/3/ Bernalillo County Fire Station 32 - A Shift Albuquerque Puckett 3/3/ Bernalillo County Fire Station 33 - A Shift Albuquerque Puckett 3/3/ Bernalillo County Fire Station 34 - A Shift Albuquerque Puckett 3/3/ Bernalillo County Fire Station 36 - A Shift Albuquerque Puckett 3/3/ Bernalillo County Fire Station 38 - A Shift Albuquerque Puckett 3/3/ Bernalillo County Fire Station 40 - A Shift Albuquerque Puckett 3/3/ Bernalillo County Fire Station 41 - A Shift Albuquerque Puckett 3/3/ Bernalillo County Fire Station 43 - A Shift Albuquerque Puckett 3/3/ Bernalillo County Fire Station 46 - A Shift Albuquerque Puckett 3/3/ Bernalillo County Fire Station 30 - B Shift Albuquerque Puckett 3/3/ Page 10

15 Bernalillo County Fire Station 31 - B Shift Albuquerque Puckett 3/3/ Bernalillo County Fire Station 32 - B Shift Albuquerque Puckett 3/3/ Bernalillo County Fire Station 33 - B Shift Albuquerque Puckett 3/3/ Bernalillo County Fire Station 34 - B Shift Albuquerque Puckett 3/3/ Bernalillo County Fire Station 36 - B Shift Albuquerque Puckett 3/3/ Bernalillo County Fire Station 38 - B Shift Albuquerque Puckett 3/3/ Bernalillo County Fire Station 40 - B Shift Albuquerque Puckett 3/3/ Bernalillo County Fire Station 41 - B Shift Albuquerque Puckett 3/3/ Bernalillo County Fire Station 43 - B Shift Albuquerque Puckett 3/3/ Bernalillo County Fire Station 46 - B Shift Albuquerque Puckett 3/3/ Bernalillo County Fire Station 30 - C Shift Albuquerque Puckett 3/3/ Bernalillo County Fire Station 31 - C Shift Albuquerque Puckett 3/3/ Bernalillo County Fire Station 32 - C Shift Albuquerque Puckett 3/3/ Bernalillo County Fire Station 33 - C Shift Albuquerque Puckett 3/3/ Bernalillo County Fire Station 34 - C Shift Albuquerque Puckett 3/3/ Bernalillo County Fire Station 36 - C Shift Albuquerque Puckett 3/3/ Bernalillo County Fire Station 38 - C Shift Albuquerque Puckett 3/3/ Bernalillo County Fire Station 40 - C Shift Albuquerque Puckett 3/3/ Bernalillo County Fire Station 41 - C Shift Albuquerque Puckett 3/3/ Bernalillo County Fire Station 43 - C Shift Albuquerque Puckett 3/3/ Bernalillo County Fire Station 46 - C Shift Albuquerque Puckett 3/3/ Bernalillo County Atrium Albuquerque Puckett 3/3/ Bernalillo County Atrium Albuquerque Puckett 3/3/ City of Santa Fe New Employee Orientation Santa Fe Day 3/10/ Department of Transportation Santa Fe Day 3/10/ City of Santa Fe Transit - A Shift Santa Fe Day 3/10/ City of Santa Fe Transit - B Shift Santa Fe Day 3/10/ City of Santa Fe Transit - C Shift Santa Fe Day 3/10/ Harding County Mosquero Day 3/10/ Department of Transportation Roy Day 3/10/ Luna County Dispatch Deming Miller 3/10/ Luna County Planning Deming Miller 3/10/ Luna County Parents As Teachers Deming Miller 3/10/ Luna County Sheriff Deming Miller 3/10/ Luna County Detention Deming Miller 3/10/ Luna County Roads Deming Miller 3/10/ Luna County Maintenance Deming Miller 3/10/ Luna County Administration Deming Miller 3/10/ City of Albuquerque Streets Albuquerque Puckett 3/10/ PERA Retirement Seminar Albuquerque Puckett 3/10/ Taxation and Revenue Department New Employee Orientation Albuquerque Puckett 3/10/ General Services Department Santa Fe Day 3/17/ Department of Transportation Santa Fe Day 3/17/ Santa Fe County Santa Fe Day 3/17/ Santa Fe County Facilities AM Santa Fe Day 3/17/ Santa Fe County Facilities PM Santa Fe Day 3/17/ Santa Fe County Streets and Drainage AM Santa Fe Day 3/17/ Santa Fe County Santa Fe Streets and Drainage PM Santa Fe Day 3/17/ Highlands University Administration Las Vegas Day 3/17/ Highlands University Maintenance Las Vegas Day 3/17/ Taxation and Revenue Department Santa Fe Day 3/17/ NM Behavioral Health Institute New Employee Orientation Las Vegas Day 3/17/ NM Behavioral Health Institute Staff Development Las Vegas Day 3/17/ Department of Public Safety State Police Las Vegas Day 3/17/ Department of Transportation Las Vegas Day 3/17/ Energy Minerals and Natural Resources Department Elephant Butte State Park Elephant Butte Miller 3/17/ Children Youth and Families Las Cruces Miller 3/17/ City of Las Cruces Police - A Shift Las Cruces Miller 3/17/ City of Las Cruces Police - B Shift Las Cruces Miller 3/17/ Department of Public Safety State Police Socorro Miller 3/17/ Socorro Soil and Water Conservation District Socorro Miller 3/17/ NM Institute of Mining and Technology Socorro Miller 3/17/ City of Elephant Butte Administration Elephant Butte Miller 3/17/ Village of Ft. Sumner Water Ft. Sumner Puckett 3/17/ Village of Ft. Sumner Administration Ft. Sumner Puckett 3/17/ Village of Ft. Sumner Library Ft. Sumner Puckett 3/17/ Village of Ft. Sumner Streets Ft. Sumner Puckett 3/17/ Village of Ft. Sumner Emergency Medical Service Ft. Sumner Puckett 3/17/ DeBaca Family Practice Administration Ft. Sumner Puckett 3/17/ DeBaca County Administration Ft. Sumner Puckett 3/17/ Page 11

16 Grants City Hall Grants Puckett 3/17/ Department of Transportation Milan Puckett 3/17/ Grants Police Grants Puckett 3/17/ Village of Los Lunas Fire Los Lunas Puckett 3/17/ Village of Los Lunas Administration Los Lunas Puckett 3/17/ Aging and Long Term Services Department Santa Fe Day 3/24/ Miners Colfax Medical Center Acute Care Raton Day 3/24/ Miners Colfax Medical Center Long Term Care Raton Day 3/24/ Governor's Committee on Disability Santa Fe Day 3/24/ Department of Health Alamogordo Miller 3/24/ Human Services Department Alamogordo Miller 3/24/ Children Youth and Families Department Protective Services Alamogordo Miller 3/24/ Children Youth and Families Department Juvenile Probation Alamogordo Miller 3/24/ Administrative Office of the District Attorney 12th Judicial District Attorney Alamogordo Miller 3/24/ Otero County Sheriff Alamogordo Miller 3/24/ Taxation and Revenue Department Motor Vehicle Division Alamogordo Miller 3/24/ Bernalillo County Retirement Seminar Albuquerque Puckett 3/24/ Bernalillo County Fire Station 40 Albuquerque Puckett 3/24/ Santa Fe County New Employee Orientation Santa Fe Day 3/31/ City of Bloomfield Bloomfield Day 3/31/ San Juan County Detention Farmington Day 3/31/ City of Aztec Aztec Day 3/31/ San Juan County Administration Aztec Day 3/31/ Human Services Department Santa Fe Day 3/31/ City of Deming Deming Miller 3/31/ Department of Public Safety State Police Deming Miller 3/31/ City of Deming Police Deming Miller 3/31/ Ft. Bayard Medical Center Bayard Miller 3/31/ City of Elephant Butte Elephant Butte Miller 3/31/ City of Truth or Consequences Truth or Consequen Miller 3/31/ City of Albuquerque Fire Station 6 Albuquerque Puckett 3/31/ City of Albuquerque Human Resources Albuquerque Puckett 3/31/ Bernalillo County Fire Station 36 Albuquerque Puckett 3/31/ City of Albuquerque Fire Station 12 Albuquerque Puckett 3/31/ Page 12

17 Payout Activity Payout Activity Summary - Termination Requests Received by the local Santa Fe office due to Retirement or other Separation from Service. 2Q16 # of # of # of # of 3Q16 4Q16 1Q17 Payouts Payouts Payouts Payouts April 299 July 273 October 228 January 299 May 257 August 278 November 276 February 279 June 287 September 325 December 285 March 341 Total 843 Total 876 Total 789 Total 919 Unforeseeable Withdrawal Activity New Requests The unforeseeable withdrawal amount approved for 1Q17 is $184, Page 13

18 Payout Activity Lump Sum/Non-Systematic Withdrawal Activity New Requests The lump sum/non-systematic withdrawal amount approved for 1Q17 is $3,515, Page 14

19 Payout Activity (continued) Systematic Withdrawal Distribution - Total Dollar Amounts $2,200,000 $2,000,000 $1,927,681 $1,800,000 $1,600,000 $1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $861,808 $961,093 $987,262 $0 Total Amount Distributed to Participants $861,808 $961,093 $1,927,681 $987,262 Systematic Withdrawal Distribution - Total Participants $ $800 $700 $600 $500 $ $300 $200 $100 $0 Systematic Withdrawal Page 15

20 Payout Activity (continued) Rollovers In - Total Dollar Amounts 2,500,000 2,000,000 $2,020,010 1,500,000 $1,261,756 $1,458,108 $1,295,598 1,000, ,000 0 Total Amount of Incoming $1,261,756 $1,458,108 $2,020,010 $1,295,598 Rollovers In - Total Participants Total Number of Incoming Page 16

21 Payout Activity (continued) Rollovers Out - Total Dollar Amounts $5,000,000 $4,500,000 $4,323,067 $4,000,000 $3,500,000 $3,485,065 $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $2,486,176 $2,367,567 $0 Total Amount Distributed to Outgoing Rollovers $2,486,176 $4,323,067 $3,485,065 $2,367,567 Rollovers Out - Total Participants Total Number of Participants with Outgoing Rollovers Page 17

22 Payout Activity (continued) All Loans - Total Dollar Amounts $1,800,000 $1,600,000 $1,522,780 $1,606,594 $1,685,899 $1,475,264 $1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 Total Amount Distributed due to Loans $0 $1,522,780 $1,606,594 $1,685,899 $1,475,264 All Loans - Total Participants Total Participants With Outstanding Loans = 2, Total Number of Participants who Received Loans Page 18

23 Payout Activity (continued) All Loans - Total Amount of Default Loans $140,000 $126,613 $120,000 $100,000 $80,000 $83,082 $60,000 $48,220 $40,000 $20,000 $17,555 $0 Total Amount of Default Loans $126,613 $83,082 $48,220 $17,555 All Loans - Total Number of Default Loans Total Participants With Defaulted Loans = Total Number of Default Loans Page 19

24 Payout Activity (continued) General Purpose Loans - Total Dollar Amounts $1,800,000 $1,600,000 $1,400,000 $1,413,780 $1,606,594 $1,624,399 $1,419,201 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $0 Total Amount Distributed due to General Purpose Loans $1,413,780 $1,606,594 $1,624,399 $1,419,201 General Purpose Loans - Total Participants Total Number of Participants who received General Purpose Loans Page 20

25 Payout Activity (continued) Residential Purchase Loans - Total Dollar Amounts $120,000 $109,000 $100,000 $80,000 $60,000 $61,500 $56,063 $40,000 $20,000 $0 $0 Total Amount Distributed due to Residential Purchase Loans $109,000 $0 $61,500 $56,063 Residential Purchase Loans - Total Participants Total Number of Participants who received Residential Purchase Loans Page 21

26 Payout Activity (continued) Self Directed Brokerage Options - Total Dollar Amounts $320,000 $280,000 $240,000 $273,248 $239,549 $200,000 $160,000 $120,000 $104,254 $134,087 $80,000 $40,000 $0 Total Amount Distributed due to Self Directed Brokerage Options $104,254 $273,248 $239,549 $134,087 Self Directed Brokerage Options - Total Participants Total Participants With Schwab Account = Total Number of Participants who moved funds into the Self Directed Brokerage Option Page 22

27 Participant Services Participant Services Utilization - Participant Statements -1Q17 Statements were mailed on April 24th, Participant Services Utilization - VRU Establish PIN 5.56% Current Allocation 0.14% Allocation Completed 0.00% Account Balance by Fund 11.65% Exchange Completed 0.00% Prices Available 7.59% Prices Invested 0.00% Prices by Fund 0.00% Total Account Balance 0.00% Account Balance Inquiry 75.07% Activity 1Q17 Total % Account Balance Inquiry % Account Balance by Fund % Allocation Completed % Current Allocation % Establish Pin % Exchange Completed % Prices Available* % Prices Invested** % Prices by Fund % Total Account Balance % 738 *Prices Available are the share prices for all investment options offered under the plan. **Prices Invested are the share prices for those investment options that a participant is invested in. Page 23

28 Participant Services (continued) Participant Services Utilization - Internet Allocation Completed 0.57% Exchange Completed 1.03% Account Balance Inquiry 98.40% Activity 1Q17 Total % Account Balance Inquiry Allocation Completed Exchange Completed 38, % 0.57% 1.03% 38,681 Participant Services Utilization - Morningstar Online* Month 2Q16 3Q16 4Q16 1Q17 Month Month Month Totals Totals Totals Totals January 0 July 0 October 0 January 0 February 0 August 0 November 0 February 0 March 0 September 0 December 0 March 0 Qtrly Total 0 Qtrly Total 0 Qtrly Total 0 Qtrly Total 0 * Reflects total Guidance and Advice log-ins per quarter, not new accounts. Page 24

29 Participant Services (continued) Participant Services Utilization - Customer Service 1,600 1,400 1,200 1, ,390 1,316 1,182 1, , Jan-17 Feb-17 Mar-17 January 2017 February 2017 March 2017 Calls Received 1,390 1,058 1,316 Calls Abandoned Calls Answered in 20 Seconds 1, ,109 % in 20 Seconds 85.40% 87.71% 84.27% Average Speed of Answer in Seconds 00:11 00:08 00:17 Participant Services Utilization - Spanish Customer Service Jan-17 Feb-17 Mar-17 January 2017 February 2017 March 2017 Calls Received Page 25

30 Participation Statistics Average Participant Account Balance by Age Group 80,000 70,000 60,000 50,000 40,000 30,000 20,000 10,000 0 $1,287 $1,243 $1,354 $1,480 $4,441 $4,455 $4,678 $4,686 $11,997 $12,141 $12,372 $12,291 $23,974 $24,009 $24,105 $24,720 $42,761 $43,242 $43,142 $43,112 $66,180 $68,956 $68,960 $70, & Under & Older Age Group 25 & Under $1,287 $1,243 $1,354 $1, $4,441 $4,455 $4,678 $4, $11,997 $12,141 $12,372 $12, $23,974 $24,009 $24,105 $24, $42,761 $43,242 $43,142 $43, & Older $66,180 $68,956 $68,960 $70,273 Participants with a Balance by Age Group The average account balance per participant is $27,296. 6,000 5,000 4,000 4,327 4,417 4,560 4,475 5,255 5,318 5,463 5,472 4,533 4,571 4,637 4,739 3,000 2,000 2,795 2,928 3,076 2,988 1, ,760 1,782 1,843 2, & Under & Older Age Group 25 & Under ,795 2,928 3,076 2, ,327 4,417 4,560 4, ,255 5,318 5,463 5, ,533 4,571 4,637 4, & Older 1,760 1,782 1,843 2,047 Page 26

31 Participation Statistics (continued) Average Annualized Participant Deferrals by Age Group 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 $1,061 $1,077 $1,099 $1,122 $1,339 $1,372 $1,389 $1,353 $1,719 $1,755 $1,763 $1,758 $2,510 $2,539 $2,480 $2,367 $3,609 $3,554 $3,465 $3,350 $6,058 $6, & Under & Older $6,261 $5,092 Age Group 25 & Under $1,061 $1,077 $1,099 $1, $1,339 $1,372 $1,389 $1, $1,719 $1,755 $1,763 $1, $2,510 $2,539 $2,480 $2, $3,609 $3,554 $3,465 $3, & Older $6,058 $6,205 $6,261 $5,092 Participants Actively Deferring by Age Group 4,000 3,500 3,000 3,453 3,554 3,644 3,602 3,609 3,667 3,749 3,801 2,500 2,000 2,320 2,439 2,521 2,475 2,392 2,392 2,419 2,541 1,500 1, & Under & Older Age Group 25 & Under ,320 2,439 2,521 2, ,453 3,554 3,644 3, ,609 3,667 3,749 3, ,392 2,392 2,419 2, & Older Page 27

32 Participation Statistics (continued) Participants with a Balance by Asset Range 17.84% 57.02% 11.17% 4.75% 2.54% 2.94% 1.38% 1.43% 0.51% 0.20% 0.24% # of Participants % # of Participants % Under $10,000 11, % $150,000-$199, % $10,000-$24,999 3, % $200,000-$299, % $25,000-$49,999 2, % $300,000-$399, % $50,000-$74, % $400,000-$499, % $75,000-$99, % Over $500, % $100,000-$149, % Total 20, % Participants with Balance 24,000 21,000 19,237 18,000 19,593 20,182 20,268 15,000 12,000 12,462 12,754 13,066 13,184 9,000 6,000 5,914 5,976 6,197 6,165 3, Total Plan Participants 19,237 19,593 20,182 20,268 Currently Contributing 12,462 12,754 13,066 13,184 Not Currently Contributing and not in Payout 5,914 5,976 6,197 6,165 Currently Receiving a Payout Page 28

33 Legal Name # Contributing # Not Contributing NM-PERA NEW MEXICO SCHOOL FOR THE DEAF NM-PERA VILLAGE OF CORONA NM-PERA COUNTY OF SIERRA NM-PERA CATRON COUNTY NM-PERA SAN JUAN COMMUNICATIONS AUTH NM-PERA VILLAGE OF MAGDALENA NM-PERA REGIONAL HOUSING AUTHORITY IV NM-PERA VALENCIA COUNTY NM-PERA RIO ARRIBA COUNTY NM-PERA VILLAGE OF COLUMBUS NM-PERA CITY OF LAS CRUCES NM-PERA CITY OF PORTALES NM-PERA CITY OF TUCUMCARI NM-PERA DE BACA GENERAL HOSPITAL NM-PERA CITY OF GALLUP NM-PERA SAN MIGUEL COUNTY NM-PERA GUADALUPE COUNTY NM-PERA OTERO COUNTY NM-PERA COUNTY OF SOUTHERN SANDOVAL NM-PERA TRUTH-CONSEQUENCES HOUSING AUTH NM-PERA CURRY COUNTY NM-PERA CITY OF ALAMOGORDO NM-PERA EDDY COUNTY NM-PERA CITY OF LAS VEGAS NM-PERA VILLAGE OF JEMEZ SPRINGS NM-PERA CITY OF BLOOMFIELD NM-PERA CENTRAL REGION EDUCATION CO-OP NM-PERA ELEPHANT BUTTE IRRIGATION DIST NM-PERA SANTA FE COUNTY NM-PERA CITY OF LOVINGTON NM-PERA VILLAGE OF SAN JON NM-PERA TOWN OF RED RIVER NM-PERA TOWN OF EDGEWOOD NM-PERA CHAVES COUNTY NM-PERA LUNA COMMUNITY COLLEGE NM-PERA PENASCO INDEPEND SCHOOL SYSTEM NM-PERA LAS VEGAS CITY SCHOOLS NM-PERA COUNTY OF GRANT NM-PERA LEA COUNTY NM-PERA N.M. INSTITUTE OF MINING & TECH NM-PERA QUAY COUNTY NM-PERA COUNTY OF LINCOLN NM-PERA CITY OF RATON NM-PERA VILLAGE OF LOS RANCHOS NM-PERA NEW MEXICO HIGHLANDS UNIVERSITY NM-PERA CITY OF TRUTH OR CONSEQUENCES NM-PERA VILLAGE OF TULAROSA NM-PERA CITY OF GRANTS Total Page 29

34 Legal Name # Contributing # Not Contributing NM-PERA STATE OF NM DEPT OF FIN & ADMIN 7,033 4,428 11,461 NM-PERA CARRIER TINGLEY HOSPITAL NM-PERA NEW MEXICO STATE FAIR COMM NM-PERA SANTA FE PUBLIC SCHOOLS NM-PERA CITY OF CARLSBAD NM-PERA TOWN OF SILVER CITY NM-PERA MORA COUNTY NM-PERA CITY OF HOBBS NM-PERA COLFAX COUNTY NM-PERA HIGH PLAINS REG. COOPERATIVE # NM-PERA CENTRAL NM COMMUNITY COLLEGE CNM NM-PERA VILLAGE OF LOGAN NM-PERA ROOSEVELT COUNTY NM-PERA VILLAGE OF RUIDOSO NM-PERA SANTA FE COMMUNITY COLLEGE NM-PERA TOWN OF TAOS NM-PERA LUNA COUNTY NM-PERA VILLAGE OF ANGEL FIRE NM-PERA MESILLA VALLEY PUBLIC HOUSING AUTHORITY NM-PERA NM REGION IX EDUCATION CO-OP NM-PERA CITY OF ARTESIA NM-PERA RUIDOSO DOWNS NM-PERA CITY OF SANTA FE NM-PERA VILLAGE OF CUBA NM-PERA VILLAGE OF LOVING NM-PERA SAN JUAN WATER COMMISSION NM-PERA ALBUQUERQUE PUBLIC SCHOOLS NM-PERA NO CENTRAL N.M. ECON DVPT DEPT NM-PERA SAN JUAN COUNTY NM-PERA MCKINLEY COUNTY NM-PERA SOUTHWEST COUNCIL OF GOV NM-PERA CITY OF AZTEC NM-PERA CITY OF ALBUQUERQUE ,102 NM-PERA VILLAGE OF LOS LUNAS NM-PERA TOWN OF ESTANCIA NM-PERA ARCH HURLEY CONSERVANCY DISTRICT NM-PERA CITY OF MORIARTY NM-PERA NM REGION IX HEADSTART NM-PERA NEW MEXICO DCP NM-PERA SOCORRO COUNTY NM-PERA CITY OF EUNICE NM-PERA NORTH CENTRAL REG TRANSIT DIST NM-PERA TOWN OF MESILLA NM-PERA CITY OF SUNLAND PARK NM-PERA CITY OF SOCORRO NM-PERA CITY OF FARMINGTON NM-PERA CITY OF ESPANOLA NM-PERA SOUTHEASTERN N.M. ECON DEV DIST Total Page 30

35 Legal Name # Contributing # Not Contributing NM-PERA NORTHERN NEW MEXICO COLLEGE NM-PERA VILLAGE OF CLOUDCROFT NM-PERA SCHOOL FOR THE BLIND & VIS IMPRD NM-PERA HIDALGO COUNTY NM-PERA DONA ANA COUNTY NM-PERA SANTA FE CIVIC HOUSING AUTHORITY NM-PERA VILLAGE OF QUESTA NM-PERA UNION COUNTY NM-PERA CITY OF SANTA ROSA NM-PERA VILLAGE OF TAOS SKI VALLEY NM-PERA SOCORRO SOIL AND WATER CONSERVATION DIST NM-PERA TAOS COUNTY NM-PERA SOUTH CENTRAL COUNCIL OF GOVERNMENTS NM-PERA NORTH CENTRAL SOLID WASTE AUTHORITY NM-PERA CITY OF DEMING NM-PERA TORRANCE COUNTY NM-PERA SANDOVAL COUNTY NM-PERA BERNALILLO COUNTY ,081 NM-PERA THE DISCIPLINARY BOARD - NM SUPREME COURT NM-PERA ELDORADO AREA WATER & SANITATION DISTRICT NM-PERA ALBUQUERQUE BERNALILLO CO WATER UTIL DIST NM-PERA GRANT COUNTY SOLID WASTE AUTHORITY NM-PERA TAOS SOIL & WATER CONSERVATION DIST NM-PERA EAST TORRANCE SWCD NM-PERA SANTA CLARA HOUSING AUTHORITY NM-PERA EMW GAS ASSOCIATION NM-PERA HARDING COUNTY NM-PERA REGIONAL EMERGENCY DISPATCH AUTHORITY NM-PERA VILLAGE OF SANTA CLARA NM-PERA VILLAGE OF MILAN NM-PERA ESTANCIA VALLEY SOLID WASTE AUTHORITY NM-PERA CITY OF ROSWELL NM-PERA CITY OF LORDSBURG NM-PERA TOWN OF SPRINGER NM-PERA DE BACA FAMILY PRACTICE CLINIC NM-PERA VILLAGE OF EAGLE NEST NM-PERA RATON PUBLIC SERVICE CO NM-PERA ALBUQUERQUE SIGN LANGUAGE ACADEMY NM-PERA CITY OF ELEPHANT BUTTE Total 13,378 6,949 20,327 Total Page 31

37 Fund Investments

38 Assets and Contributions Summaries Assets by Investment Carrier $600,000,000 $500,000,000 $502,563,270 $517,202,592 $531,602,622 $554,345,002 $400,000,000 $300,000,000 $200,000,000 $100,000,000 $0 Carrier Aegon/Monumental ULI (Cash Value) $469,325 $601,803 $447,268 $428,249 Transamerica Assurance ULI (Cash Value) $743,161 $993,248 $703,747 $686,742 New Mexico Deferred Compensation Mutual Funds, LifeCycle Portfolios, $501,350,784 $515,607,540 $530,451,607 $553,230,011 Stable Value Account, SDO, and Loans Total Assets $502,563,270 $517,202,592 $531,602,622 $554,345,002 Page 32

39 Assets and Contributions Summaries (continued) Contributions by Investment Carrier $10,000,000 $8,000,000 $8,076,142 $7,918,994 $7,257,699 $8,202,691 $6,000,000 $4,000,000 $2,000,000 $0 Carrier Aegon/Monumental ULI $4,857 $3,161 $3,869 $4,175 Transamerica Life ULI $1,080 $992 $5,447 $6,181 New Mexico Deferred Compensation Mutual Funds, LifeCycle Portfolios, Stable Value $8,070,205 $7,914,840 $7,248,383 $8,192,335 Account, SDO, and Loans Total Contributions $8,076,142 $7,918,994 $7,257,699 $8,202,691 Page 33

41 Assets by Asset Class Summary New Mexico Loan Account 2.01% Balanced Funds 3.72% Bonds 4.19% New Mexico Stable Value Fund 24.08% Self-Directed Option 0.81% Specialty 0.37% LifeCycle Portfolios 23.38% Large-Cap Stock 26.49% International Stock 4.27% Mid-Cap Stock 8.27% Small-Cap Stock 2.39% Investment Option 1Q17 % LifeCycle Portfolios $129,349, % International Stock $23,647, % Small-Cap Stock $13,217, % Mid-Cap Stock $45,775, % Large-Cap Stock $146,561, % Bonds $23,195, % Balanced Funds $20,586, % New Mexico Loan Account $11,134, % New Mexico Stable Value Fund $133,200, % Self-Directed Option $4,506, % Specialty $2,054, % Total Investments $553,230, % Page 34

42 Assets and Contributions Summaries (continued) Assets by Asset Class Detail Asset Class/Fund Name 2Q16 % 3Q16 % 4Q16 % 1Q17 % 1Q17 # of Participants Asset Allocation Conservative Portfolio $33,912, % $34,853, % $35,784, % $37,065, % 2,412 LifeCycle 2015 Portfolio $0 0.00% $0 0.00% $0 0.00% $0 0.00% 0 LifeCycle 2020 Portfolio $75, % $193, % $1,491, % $1,412, % 130 LifeCycle 2025 Portfolio $38,592, % $40,213, % $40,952, % $43,483, % 3,170 LifeCycle 2030 Portfolio $2, % $67, % $1,580, % $1,532, % 225 LifeCycle 2035 Portfolio $19,263, % $20,623, % $22,695, % $24,225, % 2,706 LifeCycle 2040 Portfolio $31, % $106, % $1,875, % $2,162, % 250 LifeCycle 2045 Portfolio $10,218, % $10,881, % $12,295, % $13,254, % 1,907 LifeCycle 2050 Portfolio $ % $102, % $640, % $791, % 272 LifeCycle 2055 Portfolio $4,421, % $4,690, % $5,103, % $5,420, % 1,298 Total $106,519, % $111,732, % $122,419, % $129,349, % Specialty INVESCO Global Real Estate Fund -R5 $1,662, % $1,948, % $1,928, % $1,685, % 324 Principal Diversified Real Asset Fund - Institutional $341, % $353, % $384, % $369, % 98 Total $1,662, % $2,301, % $2,313, % $2,054, % International Stock Aberdeen Emerging Markets Equity Fund Instl Class $1,513, % $1,825, % $1,962, % $2,497, % 358 American Funds - Europacific Growth Fund - R6 $7,709, % $8,303, % $7,732, % $8,380, % 1,001 Fidelity Diversified International Fund (Class K) $10,716, % $10,701, % $9,733, % $10,218, % 1,554 Vanguard(R) Total International Stock Index Fund - Signal(TM) Shares $1,635, % $1,847, % $2,136, % $2,550, % 314 Total $21,574, % $22,678, % $21,565, % $23,647, % Small-Cap Stock DFA U.S. Small Cap Portfolio $9,872, % $10,715, % $12,622, % $13,217, % 1,836 Total $9,872, % $10,715, % $12,622, % $13,217, % Mid-Cap Stock Fidelity Low-Priced Stock (Class K) $7,979, % $8,175, % $7,884, % $8,301, % 913 Principal Mid Cap Blend Inst Fund $9,651, % $10,306, % $10,624, % $11,800, % 1,286 T. Rowe Price Inst Mid-Cap Equity Growth Fund $25,321, % $25,955, % $24,766, % $25,673, % 2,136 Total $42,952, % $44,437, % $43,275, % $45,775, % Large-Cap Stock Dodge & Cox Stock Fund $23,955, % $25,386, % $28,219, % $30,980, % 2,205 Fidelity Contrafund (Class K) $34,442, % $35,465, % $33,892, % $35,738, % 2,216 Vanguard Institutional Index (Instl Shares) $70,549, % $73,243, % $76,324, % $79,842, % 3,580 Total $128,947, % $134,096, % $138,436, % $146,561, % Total Plan Assets by Asset Class Page 35

43 Assets and Contributions Summaries (continued) Assets by Asset Class Detail Asset Class/Fund Name 2Q16 % 3Q16 % 4Q16 % 1Q17 % 1Q17 # of Participants Bonds Vanguard Inflation Protected Securities Fund -Institutional Shares $4,224, % $4,389, % $4,338, % $4,796, % 584 Templeton Global Bond Fund - R6 $1,632, % $1,491, % $1,550, % $1,832, % 256 Vanguard Total Bond Market Index Institutional $17,619, % $17,846, % $16,712, % $16,565, % 1,600 Total $23,476, % $23,726, % $22,602, % $23,195, % Balanced Funds Oakmark Equity Income Inst Fund $19,202, % $19,699, % $20,303, % $20,586, % 2,014 Total $19,202, % $19,699, % $20,303, % $20,586, % Cash Equivalents New Mexico Loan Account $10,086, % $10,482, % $10,903, % $11,134, % 2,191 New Mexico Stable Value Fund $132,815, % $131,483, % $131,604, % $133,200, % 6,602 Total $142,902, % $141,966, % $142,507, % $144,335, % Self Directed Options Self Directed Brokerage Account $3,899, % $4,252, % $4,404, % $4,506, % 51 Total $3,899, % $4,252, % $4,404, % $4,506, % Grand Total $501,009, % $515,607, % $530,451, % $553,230, % Total Plan Assets by Asset Class Page 36

45 Contributions by Asset Class Summary Small-Cap Stock 1.96% Mid-Cap Stock 5.83% Large-Cap Stock 13.93% Bonds 4.71% International Stock 3.88% Balanced Funds 2.00% New Mexico Stable Value Fund 14.83% LifeCycle Portfolios 52.23% Specialty 0.64% Investment Option 1Q17 Contributions % LifeCycle Portfolios $4,278, % International Stock $317, % Small-Cap Stock $160, % Mid-Cap Stock $477, % Large-Cap Stock $1,141, % Bonds $385, % Balanced Funds $163, % New Mexico Stable Value Fund $1,214, % Specialty $52, % Total Investments $8,192, % Page 37

46 Assets and Contributions Summaries (continued) Contributions by Asset Class Detail Asset Class/Fund Name 2Q16 % 3Q16 % 4Q16 % 1Q17 % 1Q17 # of Participants Asset Allocation Conservative Portfolio $1,005, % $861, % $810, % $895, % 1,504 LifeCycle 2015 Portfolio $0 0.00% $0 0.00% $0 0.00% $0 0.00% 0 LifeCycle 2020 Portfolio $22, % $35, % $66, % $74, % 98 LifeCycle 2025 Portfolio $1,201, % $1,185, % $1,091, % $1,221, % 2,426 LifeCycle 2030 Portfolio $ % $15, % $55, % $87, % 178 LifeCycle 2035 Portfolio $787, % $818, % $741, % $999, % 2,031 LifeCycle 2040 Portfolio $1, % $21, % $72, % $64, % 190 LifeCycle 2045 Portfolio $451, % $477, % $464, % $518, % 1,444 LifeCycle 2050 Portfolio $ % $14, % $37, % $63, % 227 LifeCycle 2055 Portfolio $270, % $295, % $318, % $354, % 1,056 Total $3,742, % $3,725, % $3,659, % $4,278, % Specialty INVESCO Global Real Estate Fund - R5 $34, % $36, % $42, % $46, % 192 Principal Diversified Real Asset Fund - Institutional $6, % $6, % $6, % $5, % 63 Total $34, % $43, % $48, % $52, % International Stock Aberdeen Emerging Markets Equity Fund Instnl Class $43, % $43, % $43, % $52, % 196 American Funds - Europacific Growth Fund - R6 $101, % $95, % $87, % $90, % 432 Fidelity Diversified International K $157, % $151, % $116, % $120, % 721 Vanguard(R) Total International Stock Index Fund - Signal(TM) Shares $56, % $61, % $50, % $53, % 188 Total $358, % $352, % $298, % $317, % Small-Cap Stock DFA U.S. Small Cap Portfolio $141, % $143, % $132, % $160, % 1,001 Total $141, % $143, % $132, % $160, % Mid-Cap Stock Fidelity Low Priced Stock Fund (Class K) $119, % $125, % $101, % $104, % 473 Principal Mid Cap Blend Inst Fund $117, % $121, % $106, % $121, % 669 T. Rowe Price Inst Mid-Cap Equity Growth Fund $297, % $278, % $240, % $251, % 1,093 Total $534, % $524, % $449, % $477, % Total Contributions by Asset Class Page 38

Public Employees Retirement Association for the Deferred Compensation Plan

Third Quarter 218 Plan Review September 3, 218 Public Employees Retirement Association for the Deferred Compensation Plan Administered by: Nationwide Retirement Solutions 1 W. Nationwide Boulevard 5-5-115X