Supplemental Retirement Board of Trustees

Meetings and Governing Documents

The Department of State Treasurer and the Supplemental Retirement Board of Trustees, with the State Treasurer as chair, are responsible for governing the NC 401(k) Plan and the NC 457 Plan.

Supplemental Retirement Plans Site

Meetings

The dates for the 2023 meetings of the Board and its Committees are: January 11, February 23, May 25, August 24 and November 30.

The meetings will convene at 9:00 a.m. (unless otherwise listed) at the Department of State Treasurer, 3200 Atlantic Avenue, Raleigh, North Carolina 27604, in the Dogwood Conference Room.

Board Schedule and Activities

Board of Trustees 2023 Meeting Schedule

Calendar of Board of Trustees 2023 Meeting Activities

Meeting Archives

Meeting Date/Minutes Meeting Materials
November 30, 2023  

August 24, 2023

Meeting Recording

May 25, 2023

Meeting Recording

Minutes

February 23, 2023

Meeting Recording

Minutes

January 11, 2023

Special Board Meeting

Meeting Recording

Minutes

 

Audit Subcommittee Meetings/Minutes Meeting Materials

July 13, 2023 - 11:00 am - 12:00 pm

Meeting Recording

Minutes

February 15, 2023 - 3:00-4:00 pm

Meeting Recording

Minutes

 

Meet the Board

The Supplemental Plan Board is composed of nine members, including six members appointed by the Governor (one must be a State employee), one member appointed by the General Assembly upon recommendation of the Speaker of the House of Representatives, and one member appointed by the General Assembly upon recommendation of the President Pro Tempore. The State Treasurer serves as Board chair.

The Audit Subcommittee oversees the audit process for the NC 401(k) and NC 457 plans; discusses audit-related issues with the external auditor; accepts the financial statements of the NC 401(k) and NC 457 plans; and reports to the Board following the subcommittee’s meetings. The subcommittee also ensures Departmental and vendor accountability on internal controls, including following up on any management letter comments from the previous year. The subcommittee has two regularly scheduled meetings to hear the auditor’s report and accept the financial statements.

State Treas​​urer Dale R. Folwell, CPA, Chair
Appt. By/Rep.: Jan. 1, 2017
Exp. Date: Ex Officio
D. Steven Beam
Appointed by Governor
Appointed: May 25, 2018
Exp. Date: June 30, 2023

Vacant

Lorraine Johnson
Appointed by Governor
Date of Appointment: May 25, 2018
Exp. Date: June 30, 2023
James Lumsden
Appointed by Governor
Appointed: August 10, 2018
Exp. Date: June 30, 2024
Greg Patterson
Appointed by President Pro Tempore
Date of Appointment: March 30, 2023
Exp. Date: June 30, 2025
Nels C. Roseland
Appointed by Governor
Date of Appointment: January 4, 2019
Exp. Date: June 30, 2024
Bob Shea
​Appointed by Speaker of the House
Date of Appointment: Aug. 3, 2022
Exp. Date: June 30, 2025
Chevella L. Thomas​
Appointed by Governor
Date Appointed: November 20, 2018
Exp. Date: June 30, 2024