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.
Supplemental Retirement Board of Trustees Meetings
Meeting Date/Minutes | Meeting Materials |
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March 11, 2021 Dial In number: 888-251-2909 |
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May 27, 2021 Dial In number: 888-251-2909 |
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August 26, 2021 Dial In number: 888-251-2909 |
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December 2, 2021 Dial In number: 888-251-2909 |
Audit Subcommittee Meetings/Minutes | Meeting Materials |
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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 |
Melinda Baran Appointed by President Pro Tempore |
D. Steven Beam Appointed by Governor |
Lorraine Johnson Appointed by Governor |
Michael Lewis Appointed by Speaker of the House |
Nigel Long Appointed by Governor |
James Lumsden Appointed by Governor |
Nels C. Roseland Appointed by Governor |
Chevella L. Thomas Appointed by Governor |
Email the Supplemental Board: supplementalboard@nctreasurer.com
Plan Documents
Governing Documents
- 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
- Retirement Systems Defined Contributions Benchmark Results
- Board of Trustees Charter
- Proxy Voting Guidelines
- Plan Loan Policy
- Supplemental Retirement Plans Vendor Selection Policy
- Supplemental Retirement Income Plan of NC and NC Public Employee Deferred Compensation Plan Financial Report - 2020
- Placement Agent, Political Connection and Disclosure Policy
- Investment Manager and Placement Agent Disclosure Forms
- North Carolina Supplemental Retirement Plans Fee Statement
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