Supplemental Retirement Board of Trustees Requests for Quotes - Foreign Tax Services for NC Supplemental Retirement Plans Responses to Vendors' Questions - RFQ for Foreign Tax Services 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, the NC 457 Plan, and the NC 403(b) Program. Supplemental Retirement Plans Site Meetings The dates for the upcoming meetings of the Board and its Committees are listed below. 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 2021 Meeting Schedule Calendar of Board of Trustees 2021 Meeting Activities Meeting Archives Supplemental Retirement Board of Trustees Meetings Meeting Date/Minutes Meeting Materials March 11, 2021 Minutes Agenda Draft Board Meeting Minutes from Dec. 3, 2020 Draft Meeting Minutes from Feb. 15, 2021 Audit Subcommittee Meeting Memo to Board re Contract for Benchmarking Services Amendments to Plan Documents NC 401(k) Plan Hardship Distributions NC 403(b) Program Hardship Distributions Required Minimum Distribution Waiver Provision Administrative Rulemaking for the Supplemental Retirement Plans NC Supplemental Retirement Plans 4th Quarter 2020 Administrative Report NC 401(k) and NC 457 Plans Custodian Update NC 401(k) and NC 457 Plans 4th Quarter 2020 Stable Value Portfolio Review NC 401(k) and NC 457 Plans 4th Quarter 2020 Investment Performance Review NC 401(k) and NC 457 Plans Investment Policy Statement NC SmallMid Cap Fund Transition Update NC 401(k) and NC 457 Plans Investment Updates - Investment Compliance Summary Report SRP Staff Organization Chart SRP Board of Trustees Information SRP Board SEI Evaluations SRP Board 2021 Meeting Activities SRP Board 2021 Board Meeting Schedule SRP Plans at a Glance Vendor Performance Guarantees Report 4th Quarter 2020 Compliance at a Glance 4th Quarter 2020 May 27, 2021 Minutes Agenda Resolution for Appreciation of Service for Nigel Long Draft Meeting Minutes from March 11, 2021 1st Quarter 2021 Administrative Report Recordkeeper Administrative Fee Review 2021-22 Budget Proposal 1st Quarter 2021 Stable Value Portfolio Review 1st Quarter 2021 Investment Performance Report GoalMaker Suitability Review NC International Equity Funds Investment Manager Recommendations Investment Compliance Summary Report NC Stable Value Funds Custodian Transition Supplemental Retirement Plans Staff Org Chart Board of Trustees Information SRP Board Members Evaluation of Economic Interest SRP Board 2021 Meeting Activities SRP Board 2021 Board Calendar SRP Plans at a Glance Vender Performance Guarantees Compliance at a Glance August 26, 2021 Agenda Supplemental Retirement Plans Staff Organizational Chart Supplemental Retirement Board of Trustees Information Supplemental Retirement Board of Trustees Reappointments Supplemental Retirement Board of Trustees 2021 Meeting Activities Vendor Performance Guarantees Report - 2nd Quarter 2021 Compliance at a Glance Proxy Voting Report Draft Board Meeting Minutes - May 27, 2021 Draft Audit Subcommittee Meeting Minutes - July 14, 2021 Supplemental Retirement Plans 2nd Quarter Administrative Report Board-adopted Policies for the Supplemental Retirement Plans Plan Document Amendments for the NC 401(k) and NC 457 Plans Supplemental Retirement Plans Benchmarking Report NC Stable Value Funds Custodian Transition Reconciliation Report Stable Value Portfolio and Performance Review 2nd Quarter 2021 Investment Performance Report Investment Compliance Summary Report Investment Policy Statement NC 401(k) and NC 457 Plans Resolution of Supplemental Retirement Board - State Budget December 2, 2021 Microsoft Teams meeting Join on your computer or mobile app Click here to join the meeting Or call in (audio only) +1 984-275-3153,,617494774# United States, Raleigh Phone Conference ID: 617 494 774# Audit Subcommittee Meetings/Minutes Meeting Materials February 15, 2021 - 2:00 PM Minutes Agenda Audit Sub-Committee Presentation July 14, 2021 - 2:00 PM Minutes Agenda Auditor’s Report and Draft 2020 Financial Statements for NC 401(k) and NC 457 Plans 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 Treasurer Dale R. Folwell, CPA, Chair Appt. By/Rep.: Ex Officio Expiration Date: Indefinite Melinda Baran Appointed by President Pro Tempore Appointed: July 2, 2012 Expiration Date: June 30, 2019 Pursuant to NC Law, a board member continues to serve past the expiration of the member’s term until a replacement is appointed. D. Steven Beam Appointed by Governor Appointed: May 25, 2018 Expiration Date: June 30, 2023 Wyndon Hibler Appointed by Governor Date of Appointment: March 29, 2021 Expiration Date: June 30, 2023 Lorraine Johnson Appointed by Governor Date of Appointment: May 25, 2018 Expiration Date: June 30, 2023 Michael Lewis Appointed by Speaker of the House Date of Appointment: July 7, 2014 Expiration Date: June 30, 2022 James Lumsden Appointed by Governor Appointed: August 1, 2018 Expiration Date: June 30, 2024 Nels C. Roseland Appointed by Governor Date of Appointment: January 4, 2019 Expiration Date: June 30, 2024 Chevella L. Thomas Appointed by Governor Date Appointed: November 20, 2018 Expiration Date: June 30, 2024 Email the Supplemental Board: supplementalboard@nctreasurer.com Plan Documents NC 401(k) NC 457 NC 403(b) NC 403(b) Adoption Agreement Policies for Partipants and Employers 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 Governance Policies Board of Trustees Charter Investment Policy Statement for the NC 401(k) and NC 457 Plans Investment Policy Statement for the 403(b) Program Policy and Procedures for Investment Transactions and Investment Manager Selection Proxy Voting Guidelines Vendor Selection Policy Placement Agent, Political Contribution and Connection Disclosure Policy Reports and Disclosures North Carolina Supplemental Retirement Plans Fee Statement Benchmarking Report for the NC 401(k) and NC 457 Plans (2021) Audit of the Financial Statements of the NC 401(k) and NC 457 Plans (2020) Investment Manager and Placement Agent Disclosure Forms Board Resolutions 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)
Supplemental Retirement Board of Trustees Requests for Quotes - Foreign Tax Services for NC Supplemental Retirement Plans Responses to Vendors' Questions - RFQ for Foreign Tax Services 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, the NC 457 Plan, and the NC 403(b) Program. Supplemental Retirement Plans Site Meetings The dates for the upcoming meetings of the Board and its Committees are listed below. 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 2021 Meeting Schedule Calendar of Board of Trustees 2021 Meeting Activities Meeting Archives Supplemental Retirement Board of Trustees Meetings Meeting Date/Minutes Meeting Materials March 11, 2021 Minutes Agenda Draft Board Meeting Minutes from Dec. 3, 2020 Draft Meeting Minutes from Feb. 15, 2021 Audit Subcommittee Meeting Memo to Board re Contract for Benchmarking Services Amendments to Plan Documents NC 401(k) Plan Hardship Distributions NC 403(b) Program Hardship Distributions Required Minimum Distribution Waiver Provision Administrative Rulemaking for the Supplemental Retirement Plans NC Supplemental Retirement Plans 4th Quarter 2020 Administrative Report NC 401(k) and NC 457 Plans Custodian Update NC 401(k) and NC 457 Plans 4th Quarter 2020 Stable Value Portfolio Review NC 401(k) and NC 457 Plans 4th Quarter 2020 Investment Performance Review NC 401(k) and NC 457 Plans Investment Policy Statement NC SmallMid Cap Fund Transition Update NC 401(k) and NC 457 Plans Investment Updates - Investment Compliance Summary Report SRP Staff Organization Chart SRP Board of Trustees Information SRP Board SEI Evaluations SRP Board 2021 Meeting Activities SRP Board 2021 Board Meeting Schedule SRP Plans at a Glance Vendor Performance Guarantees Report 4th Quarter 2020 Compliance at a Glance 4th Quarter 2020 May 27, 2021 Minutes Agenda Resolution for Appreciation of Service for Nigel Long Draft Meeting Minutes from March 11, 2021 1st Quarter 2021 Administrative Report Recordkeeper Administrative Fee Review 2021-22 Budget Proposal 1st Quarter 2021 Stable Value Portfolio Review 1st Quarter 2021 Investment Performance Report GoalMaker Suitability Review NC International Equity Funds Investment Manager Recommendations Investment Compliance Summary Report NC Stable Value Funds Custodian Transition Supplemental Retirement Plans Staff Org Chart Board of Trustees Information SRP Board Members Evaluation of Economic Interest SRP Board 2021 Meeting Activities SRP Board 2021 Board Calendar SRP Plans at a Glance Vender Performance Guarantees Compliance at a Glance August 26, 2021 Agenda Supplemental Retirement Plans Staff Organizational Chart Supplemental Retirement Board of Trustees Information Supplemental Retirement Board of Trustees Reappointments Supplemental Retirement Board of Trustees 2021 Meeting Activities Vendor Performance Guarantees Report - 2nd Quarter 2021 Compliance at a Glance Proxy Voting Report Draft Board Meeting Minutes - May 27, 2021 Draft Audit Subcommittee Meeting Minutes - July 14, 2021 Supplemental Retirement Plans 2nd Quarter Administrative Report Board-adopted Policies for the Supplemental Retirement Plans Plan Document Amendments for the NC 401(k) and NC 457 Plans Supplemental Retirement Plans Benchmarking Report NC Stable Value Funds Custodian Transition Reconciliation Report Stable Value Portfolio and Performance Review 2nd Quarter 2021 Investment Performance Report Investment Compliance Summary Report Investment Policy Statement NC 401(k) and NC 457 Plans Resolution of Supplemental Retirement Board - State Budget December 2, 2021 Microsoft Teams meeting Join on your computer or mobile app Click here to join the meeting Or call in (audio only) +1 984-275-3153,,617494774# United States, Raleigh Phone Conference ID: 617 494 774# Audit Subcommittee Meetings/Minutes Meeting Materials February 15, 2021 - 2:00 PM Minutes Agenda Audit Sub-Committee Presentation July 14, 2021 - 2:00 PM Minutes Agenda Auditor’s Report and Draft 2020 Financial Statements for NC 401(k) and NC 457 Plans 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 Treasurer Dale R. Folwell, CPA, Chair Appt. By/Rep.: Ex Officio Expiration Date: Indefinite Melinda Baran Appointed by President Pro Tempore Appointed: July 2, 2012 Expiration Date: June 30, 2019 Pursuant to NC Law, a board member continues to serve past the expiration of the member’s term until a replacement is appointed. D. Steven Beam Appointed by Governor Appointed: May 25, 2018 Expiration Date: June 30, 2023 Wyndon Hibler Appointed by Governor Date of Appointment: March 29, 2021 Expiration Date: June 30, 2023 Lorraine Johnson Appointed by Governor Date of Appointment: May 25, 2018 Expiration Date: June 30, 2023 Michael Lewis Appointed by Speaker of the House Date of Appointment: July 7, 2014 Expiration Date: June 30, 2022 James Lumsden Appointed by Governor Appointed: August 1, 2018 Expiration Date: June 30, 2024 Nels C. Roseland Appointed by Governor Date of Appointment: January 4, 2019 Expiration Date: June 30, 2024 Chevella L. Thomas Appointed by Governor Date Appointed: November 20, 2018 Expiration Date: June 30, 2024 Email the Supplemental Board: supplementalboard@nctreasurer.com Plan Documents NC 401(k) NC 457 NC 403(b) NC 403(b) Adoption Agreement Policies for Partipants and Employers 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 Governance Policies Board of Trustees Charter Investment Policy Statement for the NC 401(k) and NC 457 Plans Investment Policy Statement for the 403(b) Program Policy and Procedures for Investment Transactions and Investment Manager Selection Proxy Voting Guidelines Vendor Selection Policy Placement Agent, Political Contribution and Connection Disclosure Policy Reports and Disclosures North Carolina Supplemental Retirement Plans Fee Statement Benchmarking Report for the NC 401(k) and NC 457 Plans (2021) Audit of the Financial Statements of the NC 401(k) and NC 457 Plans (2020) Investment Manager and Placement Agent Disclosure Forms Board Resolutions 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)
