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: 3,126
- Total Assets: $703.3M
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. |
|---|---|---|---|---|
| 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 |
|---|---|---|---|---|
| STANDISH MELLON ASSET MANAGEMENT | NONE | $699,228 | — | $699,228 |
| ZIEGLER CAPITAL MANAGEMENT LLC | NONE | $662,596 | — | $662,596 |
| LORD ABBET & CO LLC | NONE | $293,966 | — | $293,966 |
| AMALGAMATED BANK | NONE | $197,252 | — | $197,252 |
| JOINT MULTI SERVICE ASSOCIATES LTD | NONE | $184,382 | — | $184,382 |
| MANNING & NAPIER ADVISORS LLC | NONE | $158,602 | — | $158,602 |
| MORGAN STANLEY | NONE | $130,124 | — | $130,124 |
| COLLERAN O'HARA & MILLS LLP | NONE | $126,110 | — | $126,110 |
| LOOMIS SAYLES TRUST COMPANY | NONE | $117,324 | — | $117,324 |
| SCHULTHEIS & PANETTIERI LLP | NONE | $112,700 | — | $112,700 |
| JP MORGAN INVESTMENT MANAGEMENT | NONE | $106,562 | — | $106,562 |
| BRIDGEWAY BENEFIT TECHNOLOGIES LLC | NONE | $91,648 | — | $91,648 |
| STEVEN N DAVI PC | NONE | $61,590 | — | $61,590 |
| THE SEGAL COMPANY | NONE | $57,126 | — | $57,126 |
| SEAN M BOYLE CONSULTING INC | NONE | $12,682 | — | $12,682 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MANNING & NAPIER ADVISORS LLC — NONE
- MORGAN STANLEY — NONE
- SCHULTHEIS & PANETTIERI LLP — NONE
- JP MORGAN INVESTMENT MANAGEMENT — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $3,011,892
- Estimated Expense Ratio: 0.428% 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 |
|---|---|---|---|---|---|
| 2023 | $2,282,148 | $1,019,139 | — | $58,268 | — |
| 2022 | $2,316,071 | $1,338,490 | — | — | $316,163 |