(Raleigh, N.C.) – 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."
According to Plan Sponsor's website, the awards “recognize leaders in retirement plan best practices." Award finalists are chosen based on four factors:
- Richness of program offerings
- Commitment to the program
“I'm proud of our team for their hard work, which is very deserving of this honor," said Steve Toole, Executive Director of the NC Total Retirement Plans. “We're continually striving to provide best-in-class service and program features to our members, and it's nice to be recognized for that effort."
Final winners will be announced at Plan Sponsor's annual Excellence in Retirement Awards celebration in New York City on Thursday, March 29, 2018.
Background: The North Carolina Retirement Systems is the tenth largest public pension fund in the country. It provides retirement benefits and savings to more than 900,000 members, including teachers, state employees, firefighters, police officers and other public workers. For more information, visit www.nctreasurer.com.