Quarterly Administrative Fee

You are charged a hybrid fee structure of a flat $30 rate + .135% of your PERA SmartSave assets with a cap of $104 per year, charged to your account quarterly. This fee pays for Nationwide’s record keeping services (the third-party administrator), the Plan’s investment consultant and NM PERA’s operating costs to oversee the Plan. The fee may fluctuate, typically at or within $1, due to market volatility and variations in NM PERA’s administrative costs.

Participant Account Fees assessed per quarter (with a cap of $104 per year):


3rd Quarter 2018 Administrative Charge

$1.50 – Investment Consultant
$1.47 – PERA Administrative costs
$7.06 – Third Party administrator fee
($1.53) – Less Product provider fee
$8.50

Explicit asset fee*
0.135% of your SmartSave Assets – Third Party administrator fee
*variable per participant, not to exceed $18.50 per quarter


2nd Quarter 2018 Administrative Charge

$1.01 – Investment Consultant
$0.98 – PERA Administrative costs
$7.00 – Third Party administrator fee
($1.49) – Less Product provider fee
$7.50

Explicit asset fee*
0.135% of your SmartSave Assets – Third Party administrator fee
*variable per participant, not to exceed $18.50 per quarter


1st Quarter 2018 Administrative Charge

$1.03 – Investment Consultant
$0.99 – PERA Administrative costs
$7.02– Third Party administrator fee
($1.54) – Less Product provider fee
$7.50  

Explicit asset fee*
0.135% of your SmartSave Assets – Third Party administrator fee
*variable per participant, not to exceed $18.50 per quarter


4th Quarter 2017 Administrative Charge

$1.04 – Investment Consultant
$1.01 – PERA Administrative costs
$7.44 – Third Party administrator fee
($1.99) – Less Product provider fee
$7.50

Explicit asset fee*
0.135% of your SmartSave Assets – Third Party administrator fee
*variable per participant, not to exceed $18.50 per quarter

For more information, email PERA-smartsave@state.nm.us.

NRW-6810NM-NM
NRW-6810NM-NM
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NRW-2913AO.1
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