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 2025 meeting dates of the Board and its Committees are  February 20, May 22, August 21, and December 4.

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 2025 Meeting Schedule

Calendar of Board of Trustees 2025 Meeting Activities

Meeting Date/MinutesMeeting Materials
All Previous Meetings 

May 22, 2025
9 am - 12 pm

Please join the meeting from your computer, tablet or smartphone.
https://meet.goto.com/312717325

You can also dial in using your phone.
Access Code: 312-717-325
United States: +1 (408) 650-3123
 
To sign up for public comment, email patti.hall@nctreasurer.com

Agenda

III. SRP Board of Trustees Quarterly Meeting Minutes 02-20-25
IV. Audit Subcommittee Minutes 02-28-25
VI. 2025-2026 Budget Proposal
VII. A. Memo to Board on Review of Governance Policies
VII. B. Memo to Board on Contract for Benchmarking Services
VIII. 1st Quarter 2025 Board of Trustees Report
IX. A. 1st Quarter 2025 Executive Summary
IX. B. 2025 Annual Administrative and Investment Fee Review
X. Compliance Memo 1st Quarter 2025
1. Appendix SRP Org. Chart Feb 2025
2. Appendix Board Member Information
3. Appendix SRP BOT 2025 Meeting Activities
4. Appendix SRP BOT 2025 Meeting Dates
5. Appendix Vendor Performance Guarantees Report 1st Quarter 2025 
6. Appendix Compliance at-a-glance 1st Quarter 2025
7. Appendix SRP 1st Quarter Communications Highlights
8. Appendix State of North Carolina SV 05-22-25

Aug. 21, 2025
9 am - 12 pm

Please join the meeting from your computer, tablet or smartphone.
https://meet.goto.com/345766533

You can also dial in using your phone.
Access Code: 345-766-533
United States: +1 (872) 240-3212
 
To sign up for public comment, email patti.hall@nctreasurer.com

 

Dec. 4, 2025
9 am - 12 pm

Please join the meeting from your computer, tablet or smartphone.
https://meet.goto.com/895739349

You can also dial in using your phone.
Access Code: 895-739-349
United States: +1 (312) 757-3121
 
To sign up for public comment, email patti.hall@nctreasurer.com

 

 

Audit Subcommittee Board Meetings/MinutesMeeting Materials
All Previous Meetings 

Feb. 28, 2025
10:30 a.m. – 11:00 a.m.

Meeting Recording

Agenda

Presentation

Jul 10, 2025
11:00 a.m. – 11:30 a.m.

Join the meeting from your computer, tablet, or smartphone.
https://meet.goto.com/594804133

You can also dial in using your phone.
Access Code: 594-804-133
United States: +1 (571) 317-3122

 

 

Tab/Accordion Items

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.

Bradford B. Briner Treasurer 160x200 pixels
Steven Beam Photo (160 Pixels x 200 Pixels)
Robert Hillman Photo (160 Pixels x 200 Pixels)

Bradford B. Briner
State Treasurer, Chair
Appt. By/Rep.: Jan. 1, 2025
Exp. Date: Ex Officio

D. Steven Beam
Appointed by Governor
Appointed: May 25, 2018
Exp. Date: June 30, 2023
Robert Hillman
Appointed by Governor
Appointed: Sept. 21, 2023
Exp. Date: June 30, 2026
Lorraine Johnson Photo (160 Pixels x 200 Pixels)
Lanier_McReel Photo (160 Pixels x 200 Pixels)
Charles Perusse Photo (160 Pixels x 200 Pixels)
Lorraine Johnson
Appointed by Governor
Appointed: May 25, 2018
Exp. Date: June 30, 2026
Lanier McRee
Appointed by Governor
Appointed: July 30, 2024
Exp. Date:  June 30, 2027
Charles Perusse
Appointed by Governor
Appointed: July 29, 2024
Exp. Date:  June 30, 2027
James Richardson Photo
Bob Shea Photo (160 Pixels x 200 Pixels)
Rajinder Singh  Photo (160 Pixels x 200 Pixels)
James Richardson
Appointed by President Pro Tempore
Appointed: Nov 20, 2024
Exp. Date: June 30, 2025
 
Bob Shea
​Appointed by Speaker of the House
Appointed: Aug. 3, 2022
Exp. Date: June 30, 2025
Rajinder (Raj) Singh
Appointed by Governor
Appointed: Aug. 2, 2024
Exp. Date:  June 30, 2027