State Treasurer Dale R. Folwell, CPA announced Thursday that $4 billion in passive indexing funds are now being managed in-house as a means of reducing fees paid to outside investment managers.
Press Releases
State Treasurer Dale R. Folwell, CPA, announced today that the State Health Plan (SHP) will generate $35 million in savings as a result of the increase in members enrolled in the UnitedHealthcare (UHC) Medicare Advantage plans. Treasurer Folwell released the numbers during his monthly “Ask Me Anything" conference call, part of his initiative to promote transparency.
State Treasurer Dale R. Folwell, CPA, called for all deals involving state property, like the now-suspended proposal by UNC Health Care and Atrium Health to merge operations, to come before the North Carolina's Council of State (COS) for review. The COS generally has a statutory requirement to approve all state property transactions. However, the planned UNC Health Care and Atrium Health merger was never discussed at the COS.
State Treasurer Dale R. Folwell, CPA, called for all deals involving state property, like the now-suspended proposal by UNC Health Care and Atrium Health to merge operations, to come before the North Carolina's Council of State (COS) for review. The COS generally has a statutory requirement to approve all state property transactions. However, the planned UNC Health Care and Atrium Health merger was never discussed at the COS.
State Treasurer Dale R. Folwell, CPA, issued the following statement after it was announced today that UNC Health Care and Atrium Health have suspended discussions to merge the two health care systems:
The North Carolina Total Retirement Plans have been named as a finalist in the Public Defined Contribution Category of the 2018 Plan Sponsor of the Year Awards. The NC 401(k), NC 457 and NC 403(b) plans together are the largest in the country in terms of numbers of participants.“It's hard to be the biggest and the best," said State Treasurer Dale R. Folwell, CPA. “Usually it's one or the other. With strong oversight by the Supplemental Retirement Board of Trustees, low fees and great plan features, we're able to be both."
State Treasurer Dale R. Folwell, CPA, announced today that he is asking representatives of UNC Healthcare to provide the State Health Plan (Plan) with a $1 billion performance bond guaranteeing that any merger with the organization and Carolinas HealthCare System would not increase medical costs for the Plan and North Carolina taxpayers.
Click here to see a video message from the treasurer
State Treasurer Dale R. Folwell, CPA, applauded the announcement that Amazon, Berkshire Hathaway and JPMorgan are creating a company to address health care needs for their U.S.-based employees.
Since its launch in January 2017, the NC ABLE Program has grown to hold more than $1 million in assets for hundreds of children and adults with disabilities who are now saving on their own without fear of losing the critical services they need for daily life.