Topics Related to RSD Press Release
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 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.
A Wake County grand jury has indicted a man for keeping his mother's North Carolina pension payments for 15 years after her death. The N.C. Department of State Treasurer, led by State Treasurer Dale R. Folwell, CPA, worked with law enforcement during the investigation as part of the treasurer's continuing efforts to fight fraud against North Carolina's $100 billion pension plan.
North Carolina State Treasurer Dale R. Folwell, CPA, announced today that the investment return assumption for the North Carolina Retirement Systems (the Fund) will be lowered from 7.20 percent to 7.00 percent beginning with the December 31, 2017, valuations.
State Treasurer Dale R. Folwell, CPA reported that state pension fund returns for the first quarter of 2018 were flat amid volatility in the stock market. The nearly $100 billion fund, known as the North Carolina Retirement Systems, is managed by the N.C. Department of State Treasurer.
State Treasurer Dale R. Folwell, CPA announced today that fees have been reduced by up to 30 percent for the GoalMaker tool that helps members of the North Carolina defined contribution plan prepare for retirement. GoalMaker allows employees who contribute to supplemental retirement plans to choose investments that best fit their retirement needs. The tool is available to members of the NC 401(k), NC 457 and NC 403(b) supplemental retirement plans
State Treasurer Dale R. Folwell, CPA reported that the state pension fund posted overall gains of 7.3 percent for Fiscal Year 2017-2018. However, earnings to date for 2018 reflected only a 1.3 percent increase. The approximately $100 billion fund, known as the North Carolina Retirement Systems, is managed by the N.C. Department of State Treasurer.
State Treasurer Dale R. Folwell, CPA praised the Supplemental Retirement Board of Trustees for its recent decision to replace a money manager in the NC 401(k), NC 457 and NC 403(b) supplemental retirement plans. The move will save members who are invested in the fund over $4.2 million per year.At its September meeting, members of the Supplemental Retirement Board voted to replace the PIMCO Inflation Response Multi-Asset Fund in all three plans.
The North Carolina Retirement Systems, a division of the N.C. Department of State Treasurer, announced the launch of an online retirement application, a powerful new option for retirement available to members of the Teachers' and State Employees' (TSERS) and Local Governmental Employees' (LGERS) Retirement Systems.
State Treasurer Dale R. Folwell, CPA, and the North Carolina Supplemental Retirement Plans Board of Trustees have reaffirmed their recent decision to provide members with a “fee holiday" in 2019. The holiday amounts to a total savings of more than $2 million for participants in the NC 401(k) and NC 457 Plans.