Supplemental Retirement Board of Trustees Meeting

The Supplemental Retirement Board of Trustees, with the State Treasurer as chair, is responsible for governing the NC 401(k)/457 Plans 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 our offices at 3200 Atlantic Avenue, Raleigh, North Carolina 27604, in the Dogwood Conference Room.

Meeting Archives

Supplemental Retirement Board of Trustees Meetings

Meeting Date/Minutes	Meeting Materials
January 15, 2020 - Special Board Meeting Teleconference No. 888-251-2909, Access code: 9255075	Agenda Minutes Memo to Board - Recommendations Regarding RFP Audit Services for the NC 401(k) and NC 457 Plans
February 27, 2020	Agenda Minutes Draft Meeting Minutes from Dec. 12, 2019 Draft Meeting Minutes from Jan. 15, 2020 SECURE Act 2020 Update Vendor Selection Policy for the Supplemental Retirement Plans NC 401(k)/NC 457 4th Quarter 2019 Stable Value Portfolio Review NC 401(k)/NC 457 4th Quarter 2019 Investment Performance Report NC 401(k)/ NC 457 Plan Design Recommendations NC 401(k)/NC 457 Revisions to Investment Policy Statement NC 401(k)/NC 457 Investment Compliance Summary Report NC 403(b) Investment Performance Review NC Supplemental Retirement Plans 4th Quarter Administrative Report
CALL-IN ONLY April 20, 2020 2:00 p.m. - Special Board Meeting Teleconference No. 888-251-2909, Access code: 9255075	Agenda Minutes CRD and Loan Decision Tree CRD and Loan Decision Tree Information Sheet CARES Act Staff Recommendations Draft Resolution for Discussion of CARES Act Adoption Plan Assets Update Memo
May 28, 2020 This meeting will be held via GoToMeeting https://global.gotomeeting.com/join/817609445 Dial in: 571-317-3112 Access Code: 817-609-445	Agenda Minutes NC 401(k) and N 457 Plans Plan Design Recommendations for NC Small/Mid Cap Fund 2020-21 Budget Proposal NC 401(k) and NC 457 Plans Stable Value Fund Change in Custodian NC 401(k) and NC 457 Plans BNYMellon Custodial Contract NC 401(k) and NC 457 Plans 1st Quarter 2020 Stable Value Portfolio Review NC 401(k) and NC 457 Plans 1st Quarter 2020 Investment Performance Report NC 401(k) and NC 457 Plans Annual Review of GoalMaker Glidepath NC 401(k) and NC 457 Plans Recordkeeper Benchmarking Report NC 401(k) and NC 457 Plans Investment Compliance Summary 1st Quarter 2020 Draft Board Meeting Minutes February 27, 2020 Draft Audit Subcommittee Meeting Minutes March 23, 2020 Draft Special Board Meeting Minutes April 20, 2020 NC 403(b) Program Plan Document Amendment NC 457 Plan Document Amendment 1st Quarter 2020 Administrative Report
August 27, 2020 This meeting will be held via GoToMeeting https://global.gotomeeting.com/join/143592245 Dial In: 571-317-3122 Access Code: 143-592-245	Agenda Draft Board Meeting Minutes from May 28, 2020 Draft Audit Subcommittee Meeting Minutes from July 15, 2020 NC Small/Mid Cap Fund Plan Design Recommendations NC 401(k) and NC 457 Plans Amendments to the Plan Documents Revisions to the Placement Agent, Political Contribution and Connection Disclosure Policy Revisions to the Loan Policy NC 401(k) and NC 457 Plans' Custodian Contract 2nd Quarter 2020 Stable Value Portfolio Review 2nd Quarter 2020 Investment Performance Report Stable Value Fund Review Investment Compliance Summary Report 2nd Quarter 2020 Administrative Report APX - SRP Staff Organizational Chart APX - Board of Trustees Information APX - Board 2020 Meeting Activities APX - Board 2020 Meeting Calendar APX - Plans' Metrics At a Glance APX - Vendor Performance Guarantees APX - Compliance At a Glance APX - Proxy Voting Report 2019-20 Season
December 3, 2020 Dial In number: 888-251-2909 Access code: 9255075
March 11, 2021 Dial In number: 888-251-2909 Access code: 9255075
May 27, 2021 Dial In number: 888-251-2909 Access code: 9255075
August 26, 2021 Dial In number: 888-251-2909 Access code: 9255075
December 2, 2021 Dial In number: 888-251-2909 Access code: 9255075

Audit Subcommittee Meetings/Minutes	Meeting Materials
March 23, 2020	Agenda Minutes Audit Subcommittee Presentation
July 15, 2020 Teleconference Information: (888) 251-2909, Access code: 9255075	Agenda Minutes Auditors Report and 2019 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.

Photo of Treasurer Folwell