Plan Snapshot
- Plan Sponsor: Board Of Trustees Local 580 Annuity Fund
- Sponsor EIN: 136178512
- Sponsor Address: 501 WEST 42ND STREET, NEW YORK, NY, 10036
- Plan Type: DC
- Total Participants: 2,391
- Total Assets: $662.7M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 2,391 | $662.7M | $36.6M | $0 |
| 2023 | 3,126 | $703.3M | $36.5M | $0 |
| 2022 | 3,222 | $710.0M | $39.4M | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| INSIGHT NORTH AMERICA LLC | NONE | $148,391 | — | $148,391 |
| F/M INVESTMENTS LLC | NONE | $130,811 | — | $130,811 |
| JOHN HANCOCK RETIREMENT PLAN SERVIC | NONE | $88,982 | — | $88,982 |
| JOINT MANAGED SERVICES ASSOCIATES | NONE | $85,782 | — | $85,782 |
| COLLERAN O'HARA & MILLS LLP | NONE | $70,457 | — | $70,457 |
| BRIDGEWAY BENEFIT TECHNOLOGIES LLC | NONE | $68,189 | — | $68,189 |
| MORGAN STANLEY | NONE | $63,249 | — | $63,249 |
| AMALGAMATED BANK | NONE | $58,997 | — | $58,997 |
| SCHULTHEIS & PANETTIERI LLP | NONE | $57,650 | — | $57,650 |
| THE SEGAL COMPANY | NONE | $46,474 | — | $46,474 |
| STEVEN N DAVI PC | NONE | $35,042 | — | $35,042 |
| LABOR BENEFITS LLC | NONE | — | $13,238 | $13,238 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK RETIREMENT PLAN SERVIC — NONE
- MORGAN STANLEY — NONE
- SCHULTHEIS & PANETTIERI LLP — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $867,262
- Estimated Expense Ratio: 0.131% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $1,740,941 | $279,202 | $88,982 | $57,650 | — |
| 2023 | $2,282,148 | $1,019,139 | — | $58,268 | — |
| 2022 | $2,316,071 | $1,338,490 | — | — | $316,163 |