Public Employees Retirement Association for the Deferred Compensation Plan

Transcription

1 Fourth Quarter 217 Plan Review December 31, 217 Public Employees Retirement Association for the Deferred Compensation Plan Administered by: Nationwide Retirement Solutions 1 W. Nationwide Boulevard X Columbus, OH Local Address: 36 Rodeo Lane, Suite B1 Santa Fe, NM 8757

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 by Number of Funds 3 -Investment Diversification - New by Number of Asset Classes 4 -Investment Diversification - New Invested in LifeCycle Portfolios 5 -Group Meetings and Marketing Material 6-9 -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 -Rollovers In - Total Dollar Amounts -Rollovers In - Total -Rollovers Out - Total Dollar Amounts -Rollovers Out - Total -All Loans - Total Dollar Amounts -All Loans - Total -All Loans - Total Amount of Default Loans -All Loans - Total Number of Default Loans -General Purpose Loans - Total Dollar Amounts -General Purpose Loans - Total -Residential Purchase Loans - Total Dollar Amounts -Residential Purchase Loans - Total -Self Directed Brokerage Options - Total Dollar Amounts -Self Directed Brokerage Options - Total -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 - with a Balance by Age Group -Average Annualized Participant Deferrals by Age Group - Actively Deferring by Age Group - with a Balance by Asset Range - with Balance -Paycenters Participant Count II Fund Investments -Assets and Contributions Summary -Assets by Investment Carrier -Contributions by Investment Carrier -Assets by Asset Class Summary -Assets by Asset Class Detail -Contributions by Asset Class Summary -Contributions by Asset Class Detail -Investment Summary -Investment Diversification - All by Number of Funds -Investment Diversification - All by Number of Asset Classes -Investment Diversification - All Invested in LifeCycle Portfolios -Investment Performance - Total Return -Fee Summary -Quarterly Fee Reconciliation

3 Executive Summary

4 4Q217 Executive Summary Important Plan Stats & Demographics Current Assets: $62,784,716 (see page 29) Total : 21,136 (see page 25) Median Account Balance: $6,876 Increased Contributions: 431 (see page 2) Reinstatements: Rollovers-In Activity: Rollovers-Out Activity: Loan Activity: UE Activity: Lifecycle Funds: Enrollment Activities 26 (see page 2) 47 new rollovers in representing $777,524 (see page 13) 53 new rollovers out representing $3,927,49 (see page 14) 248 loans totaling $1,683,852 approved (see page 15) 76 unforeseeable emergency requests totaling $169,235 approved (see page 1) 66 new participants enrolled in the lifecycle portfolios (see page 5) 66.22% of participants are diversified in 5 or more asset classes (see page 38) 64.58% of participants use Lifecycle Funds to achieve this diversification (see page 39) Nationwide representatives enrolled 68 employees during the quarter, conducted 268 workshops and held 48 individual meetings reaching approximately 2,469 employees. Achievements PERA, NRS, Meketa annual strategy meeting was held in November Fiscal Year 216/217 audit was completed and filed Lifecycle Portfolio of funds were set on 218 roll down schedule PRREF II Real Estate Fund was added to the Lifecycle Portfolio lineup Village of Cimarron and Village of Pecos plans were added Upcoming Items Updating Vanguard Institutional Index Fund to a new lower fee Plus Share class Beginning efforts around strategy meeting topics Updates to be made to the EZ Enrollment Form Page 1

5 Participant Education Services

6 Enrollment Activity Enrollment Activity Summary 1, New Enrollments Increased Contributions Reinstatements Decreases Stops *There were 685 new enrollments signed and 69 new accounts that received first deferral by quarter end. New Enrollment Contributions by Investment Class Large-Cap Stock Mid-Cap Stock 7.68% 2.97% Small-Cap Stock.47% International Stock 4.8% Bonds 1.84% Balanced Funds 1.21% Specialty Funds 2.7% New Mexico Stable Value Fund.88% LifeCycle Portfolios 78.8% Investment Option 4Q17 New Enrollment Contributions % LifeCycle Portfolios $212, % International Stock $1, % Small-Cap Stock $1,278.47% Mid-Cap Stock $7, % Large-Cap Stock $2, % Bonds $4, % Balanced Funds $3, % Specialty $5, % New Mexico Stable Value Fund $2,36.88% Total Investments $269,228 1% Page 2

7 Enrollment Activity (continued) Investment Diversification - New by Number of Funds Q17* One Two Three Four Five Six Seven Eight Nine Ten+ Number of Funds 1Q17 2Q17 3Q17 4Q17* One Two Three Four Five Six Seven 3 1 Eight 2 1 Nine 3 Ten Total New ** *These numbers represent the new participants who deferred into the plan by December 31, 217. **Total participants includes those using one or more LifeCycle Portfolios. One LifeCycle Portfolio equals one fund. Page 3

8 Enrollment Activity (continued) Investment Diversification - New by Number of Asset Classes One Two Three Four Five+** Number of Asset Classes One Two Three Four Five Total New ** *These numbers represent new participants who deferred into the plan by December 31, 217. ** taking advantage of LifeCycle Portfolios are captured as investing in 5+ asset classes. Page 4

9 Enrollment Activity (continued) Investment Diversification - New Using LifeCycle Portfolios to Achieve Diversification Conservative Portfolio LifeCycle 215 Portfolio LifeCycle 22 Portfolio LifeCycle 225 Portfolio LifeCycle 23 Portfolio LifeCycle 235 Portfolio LifeCycle 24 Portfolio LifeCycle 245 Portfolio LifeCycle 25 Portfolio LifeCycle 255 Portfolio Fund Conservative Portfolio LifeCycle 215 Portfolio LifeCycle 22 Portfolio LifeCycle 225 Portfolio LifeCycle 23 Portfolio LifeCycle 235 Portfolio LifeCycle 24 Portfolio LifeCycle 245 Portfolio LifeCycle 25 Portfolio LifeCycle 255 Portfolio Total New * * Total reflects duplicate counts for participants invested in more than one LifeCycle Portfolio. Page 5

10 Group Meeting Activity Summary Statistics 4, 3,5 3, 2,5 2,8 2,469 2,477 2, 1,5 1, 5 1, Number of Group Meetings* Total Attendance at Group Meetings** 1,561 2,8 2,469 2,477 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

11 Group Meeting Activity (continued) Fourth Quarter 217 Scheduled Group Meetings Entity/Agency Department/Meeting Type Location Rep Week Ending Attended Department of Transportation Alcalde Day 1/6/ City of Santa Fe New Employee Orientation Santa Fe Day 1/6/ Northern NM College Espanola Day 1/6/217 3 Department of Transportation Chama Day 1/6/ Eddy County Assessor Artesia Miller 1/6/217 3 Eddy County Roads - AM Artesia Miller 1/6/217 6 Eddy County Roads -PM Carlsbad Miller 1/6/ Eddy County Clerk Carlsbad Miller 1/6/217 4 Eddy County DWI Treatment Center Carlsbad Miller 1/6/217 4 Eddy County Sheriff Carlsbad Miller 1/6/217 4 Eddy County Administration Carlsbad Miller 1/6/ Eddy County Detention Carlsbad Miller 1/6/217 9 City of Las Cruces Solid Waste Las Cruces Miller 1/6/217 9 Children Youth and Families Department Albuquerque Miller 1/6/217 4 Department of Transportation Moriarty Puckett 1/6/217 5 Bernalillo County Housing Albuquerque Puckett 1/6/217 4 Bernalillo County Accounting Albuquerque Puckett 1/6/217 4 Department of Transportation New Employee Orientation Santa Fe Day 1/13/217 7 Santa Fe County New Employee Orientation Santa Fe Day 1/13/217 5 Taxation and Revenue Department New Employee Orientation Santa Fe Day 1/13/ Santa Fe County Public Works Santa Fe Day 1/13/ San Juan County Benefits Fair Aztec Day 1/13/ Office of the State Engineer Las Cruces Miller 1/13/217 1 Environment Department Las Cruces Miller 1/13/217 8 NM Institute of Mining and Technology Socorro Miller 1/13/217 3 Department of Public Safety Port of Entry Anthony Miller 1/13/217 4 Mesilla Valley Public Housing Authority Las Cruces Miller 1/13/217 4 City of Albuquerque Retirement Seminar Albuquerque Puckett 1/13/217 5 City of Albuquerque Mayor's Office Albuquerque Puckett 1/13/217 5 Department of Transportation Albuquerque Puckett 1/13/217 4 Accessibility commission Albuquerque Puckett 1/13/217 3 Bernalillo County Housing Albuquerque Puckett 1/13/217 5 Bernalillo County Fire Command Albuquerque Puckett 1/13/217 4 Department of Health Santa Fe Day 1/2/217 5 City of Farmington Farmington Day 1/2/ Department of Public Safety State Police - 8: AM Santa Fe Day 1/2/217 6 Department of Public Safety State Police - 9: AM Santa Fe Day 1/2/217 6 Department of Public Safety State Police - 1: AM Santa Fe Day 1/2/217 4 Records & Archives Santa Fe Day 1/2/217 6 Department of Game and Fish Raton Day 1/2/ Human Services Department Community Economic Development Las Cruces Miller 1/2/217 1 Law Offices of the Public Defender 3rd Judicial District Las Cruces Miller 1/2/217 7 Department of Public Safety State Police Las Cruces Miller 1/2/217 8 Taxation and Revenue Department Motor Vehicle Department - Main Office Las Cruces Miller 1/2/217 6 MVD-Del Rey Office Motor Vehicle Department - Del Rey Office Las Cruces Miller 1/2/217 2 City of Albuquerque Council Chambers Albuquerque Puckett 1/2/217 3 City of Albuquerque Fire Training Albuquerque Puckett 1/2/217 2 City of Albuquerque City Hall - AM Albuquerque Puckett 1/2/217 4 City of Albuquerque City Hall - PM Albuquerque Puckett 1/2/217 5 City of Albuquerque Planning Albuquerque Puckett 1/2/217 4 City of Albuquerque Police Academy Albuquerque Puckett 1/2/ City of Albuquerque Fire Station 6 Albuquerque Puckett 1/2/217 4 City of Albuquerque Council Chambers Albuquerque Puckett 1/2/217 6 City of Albuquerque Airport Albuquerque Puckett 1/2/217 4 Santa Fe County New Employee Orientation Santa Fe Day 1/27/217 7 Administrative Office of the District Attorney 1st Judicial District Attorney Santa Fe Day 1/27/ Santa Fe County Administration Santa Fe Day 1/27/ Santa Fe County Treasurer Santa Fe Day 1/27/ Department of Public Safety State Police Academy Santa Fe Day 1/27/ Administrative Office of the District Attorney 1st Judicial District Attorney Santa Fe Day 1/27/217 8 Santa Fe County Public Works Santa Fe Day 1/27/217 2 Santa Fe Community College Santa Fe Day 1/27/ Children Youth and Families Department Juvenile Probation and Parole Las Cruces Miller 1/27/217 5 City of Las Cruces Benavidez Community Center Las Cruces Miller 1/27/217 6 Department of Cultural Affairs Farm and Ranch Heritage Museum Las Cruces Miller 1/27/217 4 Children Youth and Families Department Juvenile Probation and Parole Deming Miller 1/27/217 6 Children Youth and Families Department Protective Services Division Deming Miller 1/27/217 2 Page 7

12 Administrative Office of the Courts Dona Ana Magistrate Court Las Cruces Miller 1/27/217 8 Region IX Educational Co-Op Ruidoso Miller 1/27/ Human Services Department Deming Miller 1/27/217 5 Department of Public Safety State Police Deming Miller 1/27/217 3 Office of the State Engineer Deming Miller 1/27/217 5 Bernalillo County Substance Abuse Albuquerque Puckett 1/27/217 3 City of Albuquerque Education Albuquerque Puckett 1/27/217 4 Corrections Department Western NM Correctional Facility Albuquerque Puckett 1/27/ Bernalillo County Sheriff's Academy Albuquerque Puckett 1/27/ City of Albuquerque Fire Station 21 Albuquerque Puckett 1/27/217 5 Bernalillo County Public Safety Albuquerque Puckett 1/27/217 4 City of Albuquerque Health Fair Albuquerque Puckett 1/27/217 2 Administrative Office of the Courts Metropolitan Court Conference Albuquerque Puckett 1/27/ Department of Transportation District 4 - AM Las Vegas Day 11/3/ Department of Transportation District 4 - PM Las Vegas Day 11/3/217 8 Administrative Office of the District Attorney 1st Judicial District Attorney Espanola Day 11/3/217 3 Taos County Taos Day 11/3/ Workforce Solutions Workforce Solutions Las Cruces Miller 11/3/217 5 City of Las Cruces Codes Las Cruces Miller 11/3/217 4 Luna County Administration Deming Miller 11/3/217 7 Department of Transportation Deming Miller 11/3/217 5 Dona Ana County Narcotics Las Cruces Miller 11/3/217 7 Dona Ana County Fire Las Cruces Miller 11/3/217 3 Administrative Office of the District Attorney 1th Judicial District Attorney Tucumcari Puckett 11/3/217 8 City of Albuquerque City Hall Albuquerque Puckett 11/3/217 5 Bernalillo County Accounting Albuquerque Puckett 11/3/217 4 City of Albuquerque Alamosa Community Center Albuquerque Puckett 11/3/217 3 Albuquerque Public Schools Mission Avenue Elementary Albuquerque Puckett 11/3/217 3 General Services Department New Employee Orientation Santa Fe Day 11/1/217 4 Department of Transportation New Employee Orientation Santa Fe Day 11/1/217 9 Santa Fe County New Employee Orientation Santa Fe Day 11/1/ City of Santa Fe New Employee Orientation Las Vegas Day 11/1/ NM Behavioral Health Institute New Employee Orientation Las Vegas Day 11/1/217 2 NM Behavioral Health Institute Staff Development Las Vegas Day 11/1/217 4 Department of Public Safety State Police Las Vegas Day 11/1/217 3 City of Farmington Parks and Recreation Farmington Day 11/1/217 5 City of Farmington Utilities Farmington Day 11/1/ City of Farmington West Annex Farmington Day 11/1/217 3 City of Farmington City Hall Farmington Day 11/1/217 9 City of Farmington East Annex Farmington Day 11/1/217 3 City of Farmington Farmington Fire Station # 2 Farmington Day 11/1/217 4 San Juan County Administration Aztec Day 11/1/217 8 Department of Cultural Affairs Space Museum Alamogordo Miller 11/1/ Department of Public Safety State Police Alamogordo Miller 11/1/217 9 School for the Blind and Visually Impaired Alamogordo Miller 11/1/217 7 Department of Transportation Tularosa Miller 11/1/217 8 Administrative Office of the Courts Magistrate Court Alamogordo Miller 11/1/217 6 City of Albuquerque Taylor Ranch Library Albuquerque Puckett 11/1/217 8 City of Albuquerque Pino Yards Albuquerque Puckett 11/1/217 5 PERA Retirement Seminar Albuquerque Puckett 11/1/217 5 Taxation and Revenue Department Albuquerque Puckett 11/1/ Bernalillo County Los Padillas Community Center Albuquerque Puckett 11/1/217 4 Department of Health Santa Fe Day 11/17/217 4 Department of Health New Employee Orientation Santa Fe Day 11/17/ Administrative Office of the District Attorney District Attorney's Office Espanola Day 11/17/217 3 Bernalillo County Union Station Albuquerque Puckett 11/17/217 4 City of Albuquerque Mayors office Albuquerque Puckett 11/17/217 4 Administrative Office of the Courts Metropolitan Court Albuquerque Puckett 11/17/217 1 General Services Department Santa Fe Day 11/24/217 3 Santa Fe County Santa Fe Day 11/24/217 3 Children Youth and Families Department Santa Fe Day 11/24/217 3 City of Albuquerque Mayors office Albuquerque Puckett 11/24/217 4 City of Albuquerque Solid Waste Albuquerque Puckett 11/24/217 5 Bernalillo County Timekeeping Albuquerque Puckett 11/24/217 3 Village of Pecos Village of Pecos Pecos Day 12/1/217 6 Administrative Office of the District Attorney 1st Judicial District Attorney Santa Fe Day 12/1/217 2 City of Hobbs Benefits Fair - AM Hobbs Miller 12/1/ City of Hobbs Benefits Fair - PM Hobbs Miller 12/1/217 9 City of Hobbs Fire Department Hobbs Miller 12/1/ City of Hobbs Benefits Fair - PM Hobbs Miller 12/1/217 5 City of Hobbs Police Department Hobbs Miller 12/1/ Bernalillo County Public Works Albuquerque Puckett 12/1/217 4 City of Santa Rosa Open Enrollment Santa Rosa Puckett 12/1/217 3 Estancia Valley Solid Waste Authority Estancia Puckett 12/1/217 3 Page 8

13 Bernalillo County Information and Technology Albuquerque Puckett 12/1/217 6 City of Albuquerque Fire Marshall Albuquerque Puckett 12/1/217 7 City of Albuquerque Fire Station 19 Albuquerque Puckett 12/1/217 8 Department of Transportation New Employee Orientation Santa Fe Day 12/8/217 3 Santa Fe County New Employee Orientation Santa Fe Day 12/8/217 6 City of Santa Fe New Employee Orientation Santa Fe Day 12/8/217 8 Highlands University Las Vegas Day 12/8/217 3 NM Behavioral Health Institute New Employee Orientation Las Vegas Day 12/8/217 1 NM Behavioral Health Institute Staff Development Las Vegas Day 12/8/217 3 Records and Archives Santa Fe Day 12/8/217 3 Department of Health Las Cruces Miller 12/8/ Elephant Butte Irrigation District District Office Las Cruces Miller 12/8/217 5 Bernalillo County Fire Academy Albuquerque Puckett 12/8/ Bernalillo County Metropolitan Court Albuquerque Puckett 12/8/217 4 City of Albuquerque Air Quality Albuquerque Puckett 12/8/217 3 Central NM Community College Albuquerque Puckett 12/8/ Central NM Community College Albuquerque Puckett 12/8/ PERA Retirement Seminar Albuquerque Puckett 12/8/217 7 Bernalillo County Housing Albuquerque Puckett 12/8/217 4 Bernalillo County Maintenance Albuquerque Puckett 12/8/217 4 Santa Fe County New Employee Orientation Santa Fe Day 12/15/ Department of Health New Employee Orientation Santa Fe Day 12/15/217 8 Taxation and Revenue Department New Employee Orientation Santa Fe Day 12/15/217 6 City of Las Cruces Las Cruces Miller 12/15/217 2 City of Las Cruces City Hall Las Cruces Miller 12/15/217 2 City of Las Cruces Information and Technology Las Cruces Miller 12/15/217 4 City of Albuquerque Retirement Seminar Albuquerque Puckett 12/15/217 5 Bernalillo County Fire Station 31 Albuquerque Puckett 12/15/217 5 Albuquerque Bernalillo County Water Utility Authority Treatment Albuquerque Puckett 12/15/217 2 Bernalillo County Metropolitan Detention Center Albuquerque Puckett 12/15/217 4 Albuquerque Bernalillo County Water Utility Authority Treatment Albuquerque Puckett 12/15/ Bernalillo County Sheriff Albuquerque Puckett 12/15/217 5 Bernalillo County Payroll Albuquerque Puckett 12/15/217 4 General Services Department New Employee Orientation Asset Allocation Day 12/22/217 2 Page 9

14 Payout Activity Payout Activity Summary - Termination Requests Received by the local Santa Fe office due to Retirement or other Separation from Service. 1Q17 2Q17 3Q17 4Q17 Payouts Payouts Payouts Payouts January 299 April 235 July 275 October 316 February 279 May 274 August 368 November 317 March 341 June 33 September 36 December 341 Total 919 Total 839 Total 1,3 Total 974 Unforeseeable Withdrawal Activity New Requests The unforeseeable withdrawal amount approved for 4Q17 is $169, Page 1

15 Payout Activity Lump Sum/Non-Systematic Withdrawal Activity New Requests The lump sum/non-systematic withdrawal amount approved for 4Q17 is $2,255, Page 11

16 Payout Activity (continued) Systematic Withdrawal Distribution - Total Dollar Amounts $2,5, $2,155,58 $2,, $1,5, $1,, $987,262 $1,7,72 $996,995 $5, $ Total Amount Distributed to $987,262 $1,7,72 $996,995 $2,155,58 Systematic Withdrawal Distribution - Total 1, Systematic Withdrawal Page 12

17 Payout Activity (continued) Rollovers In - Total Dollar Amounts 1,6, 1,4, 1,2, $1,295,598 $1,458,711 1,, 8, 6, $66,267 $777,524 4, 2, Total Amount of Incoming $1,295,598 $1,458,711 $66,267 $777,524 Rollovers In - Total Total Number of Incoming Page 13

18 Payout Activity (continued) Rollovers Out - Total Dollar Amounts $5,, $4,5, $4,, 3,859,296 4,312,814 3,927,49 $3,5, $3,, $2,5, 2,367,567 $2,, $1,5, $1,, $5, $ Total Amount Distributed to Outgoing Rollovers $2,367,567 $3,859,296 $4,312,814 $3,927,49 Rollovers Out - Total Total Number of with Outgoing Rollovers Page 14

19 Payout Activity (continued) All Loans - Total Dollar Amounts $2,, $1,8, $1,6, $1,4, $1,2, $1,, $8, $6, $4, $2, $1,475,264 $1,78,957 $1,683,852 $1,513,52 Total Amount Distributed due to Loans $ $1,475,264 $1,78,957 $1,513,52 $1,683,852 All Loans - Total Total With Outstanding Loans = 2, Total Number of who Received Loans Page 15

20 Payout Activity (continued) All Loans - Total Amount of Default Loans $14, $12, $1, $8, $6, $4, $2, $ $17,555 $12,611 $4,492 $2,961 Total Amount of Default Loans $17,555 $4,492 $2,961 $12,611 All Loans - Total Number of Default Loans Total With Defaulted Loans = 1, Total Number of Default Loans Page 16

21 Payout Activity (continued) General Purpose Loans - Total Dollar Amounts $1,8, $1,6, $1,4, $1,419,21 $1,611,247 $1,46,82 $1,638,12 $1,2, $1,, $8, $6, $4, $2, $ Total Amount Distributed due to General Purpose Loans $1,419,21 $1,611,247 $1,46,82 $1,638,12 General Purpose Loans - Total Total Number of who received General Purpose Loans Page 17

22 Payout Activity (continued) Residential Purchase Loans - Total Dollar Amounts $12, $1, $97,79 $8, $6, $56,63 $52,25 $45,75 $4, $2, $ Total Amount Distributed due to Residential Purchase Loans $56,63 $97,79 $52,25 $45,75 Residential Purchase Loans - Total Total Number of who received Residential Purchase Loans Page 18

23 Payout Activity (continued) Self Directed Brokerage Options - Total Dollar Amounts $5, $4, $38,434 $3, $2, $1, $134,87 $74,46 $ $14,45 Total Amount Distributed due to Self Directed Brokerage Options $134,87 $74,46 $14,45 $38,434 Self Directed Brokerage Options - Total Total With Schwab Account = Total Number of who moved funds into the Self Directed Brokerage Option Page 19

24 Participant Services Participant Services Utilization - Participant Statements -4Q17 statements were mailed on January 19th and January 22nd, 217. Participant Services Utilization - VRU Establish PIN Exchange 5.93% Completed Current Allocation.47%.12% Allocation Com pleted.% Account Balance by Fund 15.93% Prices Available 7.33% Prices Invested.% Prices by Fund.% Total Account Balance.% Account Balance Inquiry 7.23% Activity 4Q17 Total % Account Balance Inquiry % Account Balance by Fund % Allocation Completed.% Current Allocation 1.12% Establish Pin % Exchange Completed 4.47% Prices Available* % Prices Invested**.% Prices by Fund.% Total Account Balance.% 86 *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 2

25 Participant Services (continued) Participant Services Utilization - Internet Allocation Completed.36% Exchange Completed.73% Account Balance Inquiry 98.9% 128 Activity 4Q17 Total % Account Balance Inquiry Allocation Completed Exchange Completed 4, %.36%.73% 4,611 Participant Services Utilization - Online Advice Tool* Month 1Q17 2Q17 3Q17 4Q17 Month Month Month Totals Totals Totals Totals October April July October November May August November December June September December Qtrly Total Qtrly Total Qtrly Total Qtrly Total * Reflects total Guidance and Advice log-ins per quarter, not new accounts. Page 21

26 Participant Services (continued) Participant Services Utilization - Customer Service 1,8 1,6 1,4 1,2 1,373 1,184 1,379 1,132 1, Oct-17 Nov-17 Dec-17 October 217 November 217 December 217 Calls Received 1,373 1,379 1,132 Calls Abandoned Calls Answered in 2 Seconds 1, % in 2 Seconds 86.23% 5.69% 63.43% Average Speed of Answer in Seconds :11 :56 :41 Participant Services Utilization - Spanish Customer Service Oct-17 Nov-17 Dec-17 October 217 November 217 December 217 Calls Received Page 22

27 Participation Statistics Average Participant Account Balance by Age Group 8, 7, 6, 5, 4, 3, 2, 1, $1,48 $1,65 $1,521 $1,469 $4,686 $4,993 $4,69 $4,61 $12,291 $12,828 $12,374 $12,21 $24,72 $25,28 $24,798 $24,811 $43,112 $45,72 $43,488 $43,48 $7,273 $72,28 $73,5 $75, & Under & Older Age Group 25 & Under $1,48 $1,65 $1,521 $1, $4,686 $4,993 $4,69 $4, $12,291 $12,828 $12,374 $12, $24,72 $25,28 $24,798 $24, $43,112 $45,72 $43,488 $43,48 66 & Older $7,273 $72,28 $73,5 $75,694 with a Balance by Age Group The average account balance per participant is $28,468. 6, 5, 4, 4,475 4,59 4,593 4,638 5,472 5,495 5,494 5,475 4,739 4,685 4,897 5,77 3, 2, 1, ,988 3,189 3,19 3,156 2,47 1,917 2,23 2, & Under & Older Age Group 25 & Under ,988 3,189 3,19 3, ,475 4,59 4,593 4, ,472 5,495 5,494 5, ,739 4,685 4,897 5,77 66 & Older 2,47 1,917 2,23 2,318 Page 23

28 Participation Statistics (continued) Average Annualized Participant Deferrals by Age Group 6, 5, 4, $5,92 $5,74 $5,3 $5,166 3, 2, 1, $1,122 $1,142 $1,182 $1,225 $1,353 $1,378 $1,359 $1,38 $1,758 $1,72 $1,768 $1,743 $2,367 $2,38 $2,39 $2,38 $3,35 $3,417 $3,328 $3, & Under & Older Age Group 25 & Under $1,122 $1,142 $1,182 $1, $1,353 $1,378 $1,359 $1, $1,758 $128 $1,768 $1, $2,367 $2,38 $2,39 $2, $3,35 $3,417 $3,328 $3, & Older $5,92 $5,74 $5,3 $5,166 Actively Deferring by Age Group 4,5 4, 3,5 3, 3,62 3,686 3,712 3,733 3,81 3,818 3,88 3,876 2,5 2, 1,5 2,475 2,643 2,571 2,61 2,541 2,425 2,683 2,843 1, & Under & Older Age Group 25 & Under ,475 2,643 2,571 2, ,62 3,686 3,712 3, ,81 3,818 3,88 3, ,541 2,425 2,683 2, & Older Page 24

29 Participation Statistics (continued) with a Balance by Asset Range 17.7% 56.81% 11.4% 5.% 2.44% 2.99% 1.41% 1.45%.62%.23%.31% % % Under $1, 12, % $15,-$199, % $1,-$24,999 3, % $2,-$299, % $25,-$49,999 2, % $3,-$399, % $5,-$74,999 1,57 5.% $4,-$499, % $75,-$99, % Over $5, 66.31% $1,-$149, % Total 21,137 1% with Balance 24, 2,268 21, 2,465 2,777 21,136 18, 15, 13,184 13,3 13,57 13,799 12, 9, 6, 6,165 6,235 6,261 6,314 3, ,23 Total Plan 2,268 2,465 2,777 21,136 Currently Contributing 13,184 13,3 13,57 13,799 Not Currently Contributing and not in Payout 6,165 6,235 6,261 6,314 Currently Receiving a Payout ,23 Page 25

30 PLAN NUMBER PLAN NAME CONTRIBUTING NON CONTRIBUTING GRAND TOTAL 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 NM-PERA STATE OF NM DEPT OF FIN & ADMIN 7,362 4,429 11, 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 Page 26

31 PLAN NUMBER PLAN NAME CONTRIBUTING NON CONTRIBUTING GRAND TOTAL 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 ROOSEVELT COUNTY NM-PERA VILLAGE OF RUIDOSO NM-PERA SANTA FE COMMUNITY COLLEGE NM-PERA TOWN OF TAOS NM-PERA LUNA COUNTY NM-PERA SANTA FE COUNTY HOUSING AUTH 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 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 , 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 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 Page 27

32 PLAN NUMBER PLAN NAME CONTRIBUTING NON CONTRIBUTING GRAND TOTAL NM-PERA NORTH CENTRAL SOLID WASTE AUTHORITY NM-PERA CITY OF DEMING NM-PERA TORRANCE COUNTY NM-PERA SANDOVAL COUNTY NM-PERA BERNALILLO COUNTY , 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 NM-PERA CORAL COMMUNITY CHARTER NM-PERA VILLAGE OF FORT SUMNER NM-PERA MIDDLE RIO GRANDE CONSERVANCY DISTRICT NM-PERA VILLAGE OF CIMARRON 1 1 Grand Total 14,146 6,988 21,134 Page 28

33 Fund Investments

34 Assets and Contributions Summaries Assets by Investment Carrier $7,, $6,, $5,, $554,345,2 $567,972,152 $584,119,566 $62,784,716 $4,, $3,, $2,, $1,, $ Carrier Aegon/Monumental ULI (Cash Value) $428,249 $432,27 $427,938 $419,634 Transamerica Assurance ULI (Cash Value) $686,742 $688,151 $678,132 $667,249 New Mexico Deferred Compensation Mutual Funds, LifeCycle Portfolios, $553,23,11 $566,851,794 $583,13,496 $61,697,833 Stable Value Account, SDO, and Loans Total Assets $554,345,2 $567,972,152 $584,119,566 $62,784,716 Page 29

35 Assets and Contributions Summaries (continued) Contributions by Investment Carrier $1,, $8,, $8,22,691 $7,545,762 $8,212,693 $8,52,761 $6,, $4,, $2,, $ Carrier Aegon/Monumental ULI $4,175 $3,62 $1,517 $1,488 Transamerica Life ULI $6,181 $5,169 $1,93 $1,9 New Mexico Deferred Compensation Mutual Funds, LifeCycle Portfolios, Stable Value $8,192,335 $7,536,974 $8,29,246 $8,49,373 Account, SDO, and Loans Total Contributions $8,22,691 $7,545,762 $8,212,693 $8,52,761 Page 3

36 Assets by Asset Class Summary New Mexico Loan Account 1.96% Balanced Funds 3.63% Bonds 3.91% New Mexico Stable Value Fund 21.69% Self-Directed Option.83% Specialty.36% Large-Cap Stock 27.18% LifeCycle Portfolios 24.95% Small-Cap Stock Mid-Cap Stock 2.16% 8.52% International Stock 4.81% Investment Option 4Q17 % LifeCycle Portfolios $15,94, % International Stock $28,936, % Small-Cap Stock $13,12, % Mid-Cap Stock $51,289, % Large-Cap Stock $163,55, % Bonds $23,547, % Balanced Funds $21,814, % New Mexico Loan Account $11,789, % New Mexico Stable Value Fund $13,521, % Self-Directed Option $4,983,35.83% Specialty $2,158,855.36% Total Investments $61,697,833 1.% Page 31

37 Assets and Contributions Summaries (continued) Assets by Asset Class Detail Asset Class/Fund Name 1Q17 % 2Q17 % 3Q17 % 4Q17 % 4Q17 Asset Allocation Conservative Portfolio $37,65,61 6.7% $38,187, % $39,9, % $39,62, % 2,33 LifeCycle 22 Portfolio $1,412,98.26% $1,711,248.3% $2,184,912.37% $2,699,858.45% 213 LifeCycle 225 Portfolio $43,483, % $45,311, % $47,593, % $49,751, % 3,215 LifeCycle 23 Portfolio $1,532,43.28% $1,961,495.35% $2,216,885.38% $2,565,227.43% 372 LifeCycle 235 Portfolio $24,225, % $25,64, % $26,852, % $27,766, % 2,785 LifeCycle 24 Portfolio $2,162,482.39% $2,348,931.41% $2,516,852.43% $2,837,465.47% 454 LifeCycle 245 Portfolio $13,254, % $14,249, % $15,111, % $16,176, % 2,57 LifeCycle 25 Portfolio $791,66.14% $77,947.14% $989,268.17% $1,232,629.2% 54 LifeCycle 255 Portfolio $5,42,945.98% $6,66, % $6,635, % $7,443, % 1,71 Total $129,349, % $136,211, % $143,19, % $15,94, % Specialty INVESCO Global Real Estate Fund -R5 $1,685,122.3% $1,639,112.29% $1,694,892.29% $1,723,652.29% 332 Principal Diversified Real Asset Fund - Institutional $369,9.7% $399,7.7% $421,868.7% $435,23.7% 17 Total $128.37% $2,38,181.36% $2,116,76.36% $2,158,855.36% International Stock Aberdeen Emerging Markets Equity Fund Instl Class $2,497,599.45% $2,664,292.47% $3,82,421.53% $3,31,176.55% 47 American Funds - Europacific Growth Fund - R6 $8,38, % $9,232, % $9,836, % $1,372, % 1,49 Fidelity Diversified International Fund (Class K) $1,218, % $1,963, % $11,547, % $11,954, % 1,56 Vanguard(R) Total International Stock Index Fund - Signal(TM) Shares $2,55,848.46% $2,893,223.51% $2,965,522.51% $3,299,359.55% 397 Total $23,647, % $25,753, % $27,432, 4.71% $28,936, % Small-Cap Stock DFA U.S. Small Cap Portfolio $13,217, % $12,955, % $12,849, % $13,12, % 1,772 Total $13,217, % $12,955, % $12,849, % $13,12, % Mid-Cap Stock Fidelity Low-Priced Stock (Class K) $8,31, % $8,369, % $8,482, % $8,794, % 888 Principal Mid Cap Blend Inst Fund $11,8, % $12,34, % $12,81,25 2.2% $13,35, % 1,246 T. Rowe Price Inst Mid-Cap Equity Growth Fund $25,673, % $26,713, % $27,621, % $29,189, % 2,158 Total $45,775, % $47,386, % $48,95, % $51,289, % Large-Cap Stock Dodge & Cox Stock Fund $3,98, % $3,88, % $31,73, % $33,116, % 2,148 Fidelity Contrafund (Class K) $35,738, % $38,263,5 6.75% $41,283, % $44,195, % 2,264 Vanguard Institutional Index (Instl Shares) $79,842, % $81,346, % $82,711, % $86,238, % 3,517 Total $146,561, % $15,49, % $155,724, % $163,55, % Total Plan Assets by Asset Class Page 32

38 Assets and Contributions Summaries (continued) Assets by Asset Class Detail Asset Class/Fund Name 1Q17 % 2Q17 % 3Q17 % 4Q17 % 4Q17 Bonds Templeton Global Bond Fund - R6 $1,832,992.33% $1,868,92.33% $2,148,969.37% $2,368,18.39% 298 Vanguard Inflation Protected Securities Fund -Institutional Shares $4,796,296.87% $5,14,54.88% $4,692,364.8% $4,692,484.78% 563 Vanguard Total Bond Market Index Institutional $16,565, % $16,798, % $16,428, % $16,486, % 1,547 Total $23,195, % $23,681, % $23,269, % $23,547, % Balanced Funds Oakmark Equity Income Inst Fund $2,586, % $2,56, % $21,353, % $21,814, % 1,937 Total $2,586, % $2,56, % $21,353, % $21,814, % Cash Equivalents New Mexico Loan Account $11,134,33 2.1% $11,318,89 2.% $11,641,631 2.% $11,789, % 2,274 New Mexico Stable Value Fund $133,2, % $131,884, % $131,889, % $13,521, % 6,34 Total $144,335, % $143,23, % $143,531, % $142,31, % Self Directed Options Self Directed Brokerage Account $4,56,911.81% $4,623,843.82% $4,72,941.81% $4,983,35.83% 54 Total $4,56,911.81% $4,623,843.82% $4,72,941.81% $4,983,35.83% Grand Total $553,23,11 1% $566,851,794 1% $583,13,496 1% $61,697,833 1% Total Plan Assets by Asset Class Page 33

39 Contributions by Asset Class Summary Small-Cap Stock 1.79% Mid-Cap Stock 5.67% Large-Cap Stock 13.49% Bonds 3.95% International Stock 4.22% Balanced Funds 2.% New Mexico Stable Value Fund 15.2% LifeCycle Portfolios 53.37% Specialty.5% Investment Option 4Q17 Contributions % LifeCycle Portfolios $4,295, % International Stock $339, % Small-Cap Stock $143, % Mid-Cap Stock $456, % Large-Cap Stock $1,85, % Bonds $317, % Balanced Funds $161,83 2.% New Mexico Stable Value Fund $1,29, % Specialty $4,86.5% Total Investments $8,49,373 1.% Page 34

40 Assets and Contributions Summaries (continued) Contributions by Asset Class Detail Asset Class/Fund Name 1Q17 % 2Q17 % 3Q17 % 4Q17 % 4Q17 Asset Allocation Conservative Portfolio $895, % $753, % $89, % $735, % 1,374 LifeCycle 215 Portfolio $.% $.% $.% $.% LifeCycle 22 Portfolio $74,233.91% $13,15.91% $11,2 1.34% $123, % 158 LifeCycle 225 Portfolio $1,221, % $1,14, % $1,178, % $1,188, % 2,39 LifeCycle 23 Portfolio $87, % $11, % $132, % $129, % 31 LifeCycle 235 Portfolio $999, % $824, % $873, % $851, % 2,72 LifeCycle 24 Portfolio $64,324.79% $9,225.79% $18, % $123, % 367 LifeCycle 245 Portfolio $518, % $498, % $547, % $536, % 1,543 LifeCycle 25 Portfolio $63,11.77% $79,18.77% $18, % $132, % 477 LifeCycle 255 Portfolio $354, % $36, % $48, % $474, % 1,363 Total $4,278, % $3,987, % $4,277, % $4,295, % Specialty INVESCO Global Real Estate Fund - R5 $46,298.57% $38,56.57% $38,58.47% $35,26.44% 172 Principal Diversified Real Asset Fund - Institutional $5,939.7% $5,937.7% $5,48.7% $5,61.6% 59 Total $128.64% $43,993.64% $43,988.54% $4,86.5% International Stock Aberdeen Emerging Markets Equity Fund Instnl Class $52,784.64% $47,257.64% $52,845.64% $47,891.59% 21 American Funds - Europacific Growth Fund - R6 $9, % $84, % $9, % $89, % 451 Fidelity Diversified International K $12, % $13, % $118, % $124, % 669 Vanguard(R) Total International Stock Index Fund - Signal(TM) Shares $53,927.66% $53,729.66% $75,692.92% $78,384.97% 227 Total $317, % $289, % $337, % $339, % Small-Cap Stock DFA U.S. Small Cap Portfolio $16, % $148, % $155, % $143, % 924 Total $16, % $148, % $155, % $143, % Mid-Cap Stock Fidelity Low Priced Stock Fund (Class K) $14, % $99, % $18, % $97, % 447 Principal Mid Cap Blend Inst Fund $121, % $19, % $12, % $13, % 619 T. Rowe Price Inst Mid-Cap Equity Growth Fund $251, % $223,82 3.7% $267, % $255, % 1,38 Total $477, % $433, % $495, % $456, % Total Contributions by Asset Class Page 35

41 Assets and Contributions Summaries (continued) Contributions by Asset Class Detail Asset Class/Fund Name 1Q17 % 2Q17 % 3Q17 % 4Q17 % 4Q17 Large-Cap Stock Dodge & Cox Stock Fund $259, % $245, % $279, % $262, % 1,26 Fidelity Contrafund (Class K) $267, % $23, % $283, % $285, % 983 Vanguard Institutional Index (Instl Shares) $613, % $525, % $571, % $537, % 1,359 Total $1,141, % $1,1, % $1,134, % $1,85, % Bonds BlackRock Inflation Protected Bond $.% $.% $.% $.% Templeton Global Bond Fund - R6 $23,54.29% $25,333.29% $35,596.43% $34,581.43% 153 Vanguard Inflation Protected Securities Fund -Institutional Shares $94, % $57, % $59,78.73% $5,948.63% 292 Vanguard Total Bond Market Index Fund Inst $267, % $235, % $237, % $232, % 753 Total $385, % $317, % $333, % $317, % Balanced Funds Oakmark Equity Income Inst Fund $163,571 2.% $149,327 2.% $181, % $161,83 2.% 863 Total $163,571 2.% $149,327 2.% $181, % $161,83 2.% Cash Equivalents New Mexico Stable Value Fund $1,214, % $1,165, % $1,249, % $1,29, % 2,785 Total $1,214, % $1,165, % $1,249, % $1,29, % Grand Total $8,14,226 1% $7,536,974 1% $8,29,246 1% $8,49,373 1% Total Contributions by Asset Class Page 36

42 Investment Summary Investment Diversification - All by Number of Funds 14, 13,15 12, 1, 8, 6, 4, 3,459 2, 1, Q One Two Three Four Five Six Seven Eight Nine Ten+ Number of Funds % 1Q17 2Q17 3Q17 4Q17 One 12, % 12, % 12, % 13,15 62.% Two 3, % 3, % 3, % 3, % Three 1, % 1, % 1, % 1, % Four 81 4.% % % % Five % % % % Six % % % % Seven % % % % Eight % % % % Nine % 144.7% 145.7% % Ten % % % % with Only Monumental, Transamerica, or any combination of same. 1.% 1.% 1.%.% Total * 2,269 1% 2,466 1% 2,778 1% 21,136 1% * Total participants includes those using one or more LifeCycle Portfolios. One LifeCycle Portfolio equals one fund. % % % Page 37

43 Investment Summary Investment Diversification - All by Number of Asset Classes 16, 14, 12, 12,821 13,131 13,557 13,997 1, 8, 6, 4, 2, 4,625 4,543 4,465 4,47 1,398 1,396 1,376 1, One Two Three Four Five+* Number of Asset Classes % 1Q17 2Q17 3Q17 4Q17 One 4, % 4, % 4, % 4, % Two 1, % 1, % 1, % 1, % Three % % % % Four % % % % Five+* 12, % 13, % 13, % 13, % Total 2,268 1% 2,465 1% 2,777 1% 21,136 1% * taking advantage of LifeCycle Portfolios are captured as investing in 5+ asset classes. % % % Page 38

44 Investment Summary (continued) Investment Diversification - Using LifeCycle Portfolios to Achieve Diversification 3,5 3,17 3,168 3,215 3,182 3, 2,5 2, 1,5 2,412 2,76 2,724 2,377 2,331 1,948 1,97 1,395 1,298 2,761 2,33 2, 1,548 2,785 2,57 1,71 1, Conservative Portfolio LifeCycle 215 Portfolio LifeCycle 22 Portfolio LifeCycle 225 Portfolio LifeCycle 23 Portfolio LifeCycle 235 Portfolio LifeCycle 24 Portfolio LifeCycle 245 Portfolio 54 LifeCycle 25 Portfolio LifeCycle 255 Portfolio Fund Conservative Portfolio 2,412 2,377 2,331 2,33 LifeCycle 215 Portfolio LifeCycle 22 Portfolio LifeCycle 225 Portfolio 3,17 3,168 3,182 3,215 LifeCycle 23 Portfolio LifeCycle 235 Portfolio 2,76 2,724 2,761 2,785 LifeCycle 24 Portfolio LifeCycle 245 Portfolio 1,97 1,948 2, 2,57 LifeCycle 25 Portfolio LifeCycle 255 Portfolio 1,298 1,395 1,548 1,71 Total * 12,37 12,697 13,142 13,649 * Total reflects duplicate counts for participants invested in more than one LifeCycle Portfolio. Page 39

45 Investment Performance Report Investment returns annualized as of December 31, 217 Your employer s deferred compensation plan offers a broad portfolio of investment options. As a participant, you decide how to distribute your deferrals and invested assets among these options. It s natural to want to know how your investments are doing over time. This performance report shows how the options in the Plan have performed over a series of time periods. Fees and Expenses: ADMINISTRATOR S FEE: If applicable, an annualized $3 administrator s fee may be charged in addition to a.135% annual plan asset fee, which, if reflected, would reduce the performance shown. 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? GROSS EXPENSE RATIO: Gross expense ratios represent the fund s total operating expenses expressed as a percentage of the assets held in the fund. Your expenses may be less than the gross expense ratio. For more information about gross expense ratios, read the fund s prospectus. PROVIDER FEES or REIMBURSEMENTS: Are used to offset administrative expenses. Page 4

46 State of NM PERA Deferred Compensation Plan Investment returns annualized as of December 31, 217 What to look for in this table The 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 December 31, 217. 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: 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 Read carefully before investing. Ticker Investment Options YTD 1 Year 3 Year 5 Year 1 Year Since Inception Inception Date Gross Expense Ratio Gross Cost per $1 Asset Class: Asset Allocation 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 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. N/A New Mexico Conservative Portfolio 8.59% 8.59% 3.99% 4.11% 3.96% 4.37% 2/24/25.37% $ 3.7 N/A New Mexico LifeCycle 22 Portfolio 11.23% 11.23% N/A N/A N/A 9.48% 5/13/216.38% $ 3.8 N/A New Mexico LifeCycle 225 Portfolio 14.3% 14.3% 6.28% 7.62% 4.53% 5.47% 2/24/25.38% $ 3.8 N/A New Mexico Life Cycle 23 Portfolio 16.45% 16.45% N/A N/A N/A 13.66% 5/13/216.4% $ 4. N/A New Mexico LifeCycle 235 Portfolio 18.13% 18.13% 7.56% 8.87% 5.8% 6.22% 2/24/25.44% $ 4.4 N/A New Mexico LifeCycle 24 Portfolio 19.6% 19.6% N/A N/A N/A 15.36% 5/13/216.44% $ 4.4 N/A New Mexico LifeCycle 245 Portfolio 19.96% 19.96% 8.11% 9.42% 5.62% 6.88% 2/24/25.44% $ 4.4 N/A New Mexico LifeCycle 25 Portfolio 2.42% 2.42% N/A N/A N/A 15.36% 5/13/216.44% $ 4.4 N/A New Mexico LifeCycle 255 Portfolio 2.83% 2.83% 8.4% 9.7% 5.43% 5.22% 5/18/27.44% $ 4.4 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 R % 13.12% 4.52% 6.18% 3.31% 6.38% 4/29/25.88% $ 8.8 PDRDX Principal Diversified Real Asset Fund - Institutional 1.17% 1.17%.72% 1.99% N/A 4.29% 3/16/21.89% $ 8.9 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 Class 3.24% 3.24% 7.97% 2.58% 5.53% 6.9% 5/11/ % $ 11.2 RERGX EuroPacific Growth Fund - Class R % 31.17% 9.66% 9.21% 3.94% 11.35% 4/16/1984.5% $ 5. FDIKX Fidelity Diversified International Fund - Class K 26.79% 26.79% 8.6% 8.93% 2.35% 8.6% 12/27/ % $ 9.2 Vanguard Total International Stock Index Fund - VTSNX Institutional Shares 27.55% 27.55% 8.54% 7.14% N/A 6.18% 11/29/21.9% $.9 Page 41