On June 16, 2026, the Board of Commissioners adopted a resolution to provide Town of Wingate employees access to the North Carolina Public Employee Deferred Compensation Plan, a qualified governmental 457(b) plan known as “NC Deferred Comp.” The resolution states that all employees become eligible to defer compensation under this plan starting July 1, 2026, under the terms of the plan document and third-party administrator agreement. The State’s plan and its third-party administrator serve as the primary provider, so the core retirement product is already selected. However, the new benefit will require employee education, enrollment support, payroll integration, and potentially financial wellness programming. Financial advisors, benefits educators, and HR technology vendors may find opportunities in providing training, communication materials, or integration services that enhance the rollout and ongoing use of the deferred compensation plan.

The resolution references a Third-Party Administrator Agreement, implying an existing statewide admi...