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.
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
|Audit Subcommittee Meetings/Minutes||Meeting Materials|
July 13, 2023 - 11:00 am - 12:00 pm
February 15, 2023 - 3:00-4:00 pm
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.
- Policy Statement
- Policy on Complaints and Requests
- Policy on Plan Administration
- Policy on Employer Participation
- Policy on Employer Contributions
- Policy on Participation and Beneficiaries
- Policy on Participant Contributions
- Policy on Investments and Accounts
- Policy on Distributions
- Policy on Loans
- Policy on Domestic Relations Orders
- Resolution Supporting Legislative Change to Permit Administrative Fee Flexibility (Dec. 3, 2020)
- Resolution Adopting Relief Provisions of the CARES Act (April 20, 2020)
- Resolution Opposing Legislative Change to Restrict the Board's Ability to Discharge Its Fiduciary Duty Regarding SRPs Budget (Aug. 26, 2021)