• UNM A-Z
  • myUNM
  • Directory
  • Help
    • StudentInfo
    • FastInfo
    • Employment Knowledgebase
  • more
The University of New Mexico UNM Human Resources Logo
  •  Facebook
  •  Twitter
  •  Vimeo
  •  LinkedIn

  • Job Seekers
    • Apply
    • UNMJobs Contact Information
    • UNM Work + Life
    • Executive Search
    • UNMTemps
    • Veteran Hiring Preference

  • Employees
    • Reasonable Accommodation
    • Staff Benefits
    • Catastrophic Leave
    • Staff Compensation
    • Employee Wellness Programs
    • EOD
    • FMLA
    • International Employees
    • Learning Central
    • Mandatory Employment Law Postings
    • New Employee Toolkit
    • Paid Parental Leave
    • Performance Evaluation
    • Performance Improvement and Discipline
    • Remote Work
    • Retirement Plans
    • Service Awards
    • Union Information
    • Workers' Compensation

  • Retirees
    • Retiree Benefits
    • Employee Wellness
    • Retiree Resources
    • Retirement Plans
  • Managers & Supervisors
    • Accommodation (Managers/Supervisors)
    • EOD
    • FMLA
    • Job Advertising Services
    • Lobo Leadership Academy
    • Manager Toolkit
    • Mandatory Employment Law Postings
    • NM Education Retirement Act On-Call Staff Guidelines
    • Non-UNM Student Hiring Programs
    • Paid Parental Leave
    • Remote Work
    • Union Information
    • Workers' Compensation
  • Department Resources
    • Background Checks
    • Client Services
    • Designated Approving Authorities
    • Employment Knowledgebase
    • Find Your Consultant
    • Forms and Documents
    • HR Agents
    • HR Forums
    • Job Advertising Services
    • Job Descriptions (Position Class Descriptions)
    • Labor and Employee Relations
    • Mandatory Employment Law Postings
    • NM Education Retirement Act On-Call Staff Guidelines
    • Non-UNM Student Hiring Programs
    • Performance Evaluation
    • Performance Improvement and Discipline
    • Recruitment Process Guide
    • Salary Planner
    • SPET Tool
    • Transaction Center
    • Union Information

  • HR at A Glance
    • About HR
    • Contact HR
    • Calendars & Holidays
    • Exit Survey Info
    • Forms
    • Initiatives & Projects
    • Language Assistance Services
    • Recognize HR Excellence
    • Strategic Plan
    • Organizational Chart
    • Policy
    • Privacy Statement
  1. Home
  2. Retiree Benefits
  3. Retirement Plan Investment Committee

Retirement

  • Alternative Retirement Plan (ARP)
  • Disability Retirement
  • NMERB Defined Benefit Plan
  • Retirement Plan Investment Committee
  • Retirement Plans
  • Voluntary Retirement Plans

Find out more:

Financial & Retirement Planning by Appointment

Comparison of ARP vs ERB Retirement Plans

Comparison of 403(b) and 457(b) Retirement Plans



Contact Benefits & Employee Wellness

HRBenefits@unm.edu

John and June Perovich
Business Center


1700 Lomas Boulevard N.E., Suite 1400
MSC01 1220
1 University of New Mexico
Albuquerque, NM 87131-0001

Retirement Plan Investment Committee

Upcoming Meetings

  • Special Meeting

    Wednesday, October 6, 2021
    11:30 a.m. – 12:30 p.m. MT
    Zoom Meeting Passcode: 202705
    Notice
    Agenda

Documents

  • Plan Document and First Amendment to the UNM 403(b) Plan
  • Plan Document_UNM 457(b) Plan
  • University of New Mexico 403(b) and 457(b) Retirement Plan Investment Policy
  • RPIC Committee
  • RPIC Meeting Resolution

University of New Mexico 403(b) and 457(b) Retirement Plans

 

Plan Information: The University of New Mexico (UNM) 403(b) and 457(b) Retirement Plans (Plans) are defined contribution plans that provide the opportunity for voluntary retirement contributions by employees of UNM. These plans are a benefit provided by UNM in addition to the State of New Mexico ERB pension and ARP defined contribution plans. Participation in either the ERB or ARP is mandatory for most UNM employees.

The voluntary Plans offer a variety of investment options, intended to provide a sound and flexible means to affect the potential return and degree of risk in each participant’s account. Participants select the funding company (service provider) they wish to invest with, and the mutual funds they want to invest in from among the funds provided by the Plans.

 

University of New Mexico 403(b) and 457(b) Retirement Plan Investment Committee

 

Purpose of the Committee: To oversee the 403(b) and 457(b) Retirement Plans (Plans) investment strategies and options, service providers (funding companies), the third party administrator, plan fees and charges (Plan expenses), and compliance with Plan documents.

Four core fiduciary duties of the Committee:

  • The duty to act prudently
  • The duty to act for the exclusive benefit of participants and beneficiaries
  • The duty to diversify plan assets
  • The duty to act in accordance with the Plan’s governing documents

Committee Members: Committee members make decisions and implement a course of action on behalf of the University of New Mexico (Employer). The committee will meet with each of the Plan’s funding companies on a regular basis. A typical meeting lasts ninety minutes.

Time Commitment and Sample Agenda Items for Discussion at Committee Meetings: Committee meetings will include a plan review meeting with each funding company and the third party administrator on a regular basis. Funding Companies are TIAA, Fidelity, VALIC, VOYA (formerly ING), and MetLife. Funding company representatives will provide information related to investment portfolios, plan fees and expenses, fund performance, and other information as requested by the committee. Third party administrator representatives will provide information related to the services, tools, and resources provided to participants in exchange for the fees and expenses charged. The committee will use the following guidelines for actions and decisions:

  • Ensure that Plan expenses are reasonable
  • Review investment performance
  • Review the Plan’s portfolio and objectives
  • Review funding company performance and customer service
  • Review third party administrator services, tools, and resources provided to participants
  • Establish an investment strategy that includes a definition of risk tolerance, diversification, and expected returns
  • Review the Plan’s investment policy statement (IPS)
  • Direct changes to Plan investment options
  • Review and authorize amendments to plan documents
  • Approve Investment Committee meeting minutes (minutes will be retained for six years)

 

Participants select the funding company(s) they wish to invest with and the mutual funds they want to invest in from among the funds provided by the Plans.

 

University of New Mexico 403(b) and 457(b) Retirement Plan Investment Policy

 

The Policy: This investment policy is intended to provide a decision-making framework for University of New Mexico Retirement Plan Investment Committee (Committee) members as they discharge their fiduciary obligations to Plan participants. The policy summarizes the process for selecting, monitoring, and evaluating the investment options offered in the University of New Mexico 403(b) and 457(b) voluntary retirement plans (Plans). These guidelines are effective Septemer 26, 2016, and will be revised and modified periodically, as appropriate, to reflect such factors as changes in the investment environment, manager performance, and the Committee’s expectations. For more information, please see the full investment policy.

 

Past Meetings

Meeting Name Documents Date
RPIC Special Meeting Notice
Agenda
August 31, 2021
RPIC Special Meeting Notice
Agenda
Minutes
June 23, 2021
RPIC Special Meeting Notice
Agenda
October 9, 2019
RPIC Special Meeting Notice
Agenda
September 12, 2019
RPIC Special Meeting Notice
Agenda
April 10, 2019
RPIC Special Meeting Agenda
November 7, 2018
RPIC Special Meeting Agenda
September 6, 2018
RPIC Special Meeting Agenda
Minutes
June 20, 2018
RPIC Special Meeting Notice
Agenda
Minutes
April 19, 2018
RPIC Special Meeting Notice
Agenda
Minutes
March 29, 2018
RPIC Special Meeting Notice
Agenda
Minutes
January 24, 2018
RPIC Special Meeting Notice
Agenda
Minutes
December 11, 2017
RPIC Special Meeting Notice
Agenda
Minutes
Novmeber 15, 2017
RPIC Special Meeting Notice
Agenda
October 27, 2017
RPIC Special Meeting Notice
Agenda
September 13, 2017
RPIC Special Meeting Notice
Agenda
July 12, 2017
RPIC Special Meeting Notice
Agenda
May 10, 2017


  • About HR

  • Calendars

  • Contact

  • Forms

  • HR A-Z

  • Toolkits


Job Seekers

Staff

Retirees

Managers & Supervisors

Department Resources

About HR

UNM Human Resources Logo

1700 Lomas Boulevard N.E.
Albuquerque, New Mexico 87131


Phone: (505) 277-6947

Login

  • Employment Knowledge Base
  • HR Sharepoint
  • Learning Central
  • LoboMail
  • LoboTime
  • myUNM
  • UNMJobs For Applicants
  • UNMJobs For Departments
  • UNM Learn

Connect

  •  Facebook
  •  Twitter
  •  Vimeo
  •  LinkedIn

More at social.unm.edu

  • © The University of New Mexico
    Albuquerque, NM 87131, (505) 277-0111
    New Mexico's Flagship University
  • Contact HR
  • Website Comments
  • Accessibility
  • Legal
  • Privacy
  • Disclaimer
  • Contact HR
  • Website Comments
  • Accessibility
  • Legal
  • Privacy
  • Disclaimer

π