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 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 2022 Meeting Schedule

Calendar of Board of Trustees 2021 Meeting Activities

Meeting Archives

Meeting Date/Minutes Meeting Materials

December 1, 2022

Please join the meeting from your computer, tablet or smartphone.
https://global.gotomeeting.com/join/381905525
You can also dial in using your phone.
United States: +1 (872) 240-3212
Access Code: 381-905-525

August 25, 2022

Meeting Recording

May 26, 2022

Meeting Recording

Minutes

February 24, 2022

Meeting Recording

Minutes

 

Audit Subcommittee Meetings/Minutes Meeting Materials

July 19, 2022 - 11:00 AM - 12:00 PM

Meeting Recording

Minutes

February 14, 2022

Meeting Recording

Minutes

Tab/Accordion Item

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.

 

Photo of Treasurer Folwell

State Treas​​urer Dale R. Folwell, CPA, Chair
 
Appt. By/Rep.: Jan. 1, 2017
Expiration Date: Ex Officio

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.

Photo of Steve Beam

D. Steven Beam​

Appointed by Governor
Appointed: May 25, 2018
Expiration Date: June 30, 2023

Photo of Wyndon Hibler

Wyndon Hibler

Appointed by Governor
Date of Appointment: March 29, 2021
Expiration Date: June 30, 2023

Photo of Lorraine Johnson

Lorraine Johnson

Appointed by Governor
Date of Appointment: May 25, 2018
Expiration Date: June 30, 2023

Photo of James Lumsden

James Lumsden

Appointed by Governor
Appointed: August 10, 2018
Expiration Date: June 30, 2024

Photo of Nels Roseland

Nels C. Roseland

Appointed by Governor
Date of Appointment: January 4, 2019
Expiration Date: June 30, 2024

Photo of Bob Shea

Bob Shea

​Appointed by Speaker of the House
Date of Appointment: Aug. 3, 2022
Expiration Date: June 30, 2025

Photo of Chevella L. Thomas

Chevella L. Thomas​

Appointed by Governor
Date Appointed: November 20, 2018
Expiration Date: June 30, 2024

 

Email the Supplemental Board: supplementalboard@nctreasurer.com