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
- Plan Number: 002
- 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 | Other Service Provider | $349,614 | — | $349,614 |
| ZIEGLER CAPITAL MANAGEMENT LLC | Other Service Provider | $331,298 | — | $331,298 |
| LORD ABBET & CO LLC | Other Service Provider | $146,983 | — | $146,983 |
| AMALGAMATED BANK | Other Service Provider | $98,626 | — | $98,626 |
| JOINT MULTI SERVICE ASSOCIATES LTD | Other Service Provider | $92,191 | — | $92,191 |
| MANNING & NAPIER ADVISORS LLC | Recordkeeper | $79,301 | — | $79,301 |
| MORGAN STANLEY | Recordkeeper | $65,062 | — | $65,062 |
| COLLERAN O'HARA & MILLS LLP | Other Service Provider | $63,055 | — | $63,055 |
| LOOMIS SAYLES TRUST COMPANY | Other Service Provider | $58,662 | — | $58,662 |
| SCHULTHEIS & PANETTIERI LLP | Auditor | $56,350 | — | $56,350 |
| JP MORGAN INVESTMENT MANAGEMENT | Recordkeeper | $53,281 | — | $53,281 |
| BRIDGEWAY BENEFIT TECHNOLOGIES LLC | Other Service Provider | $45,824 | — | $45,824 |
| STEVEN N DAVI PC | Other Service Provider | $30,795 | — | $30,795 |
| THE SEGAL COMPANY | Other Service Provider | $28,563 | — | $28,563 |
| SEAN M BOYLE CONSULTING INC | Other Service Provider | $6,341 | — | $6,341 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MANNING & NAPIER ADVISORS LLC — Recordkeeper
- MORGAN STANLEY — Recordkeeper
- SCHULTHEIS & PANETTIERI LLP — Auditor
- JP MORGAN INVESTMENT MANAGEMENT — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,505,946
- Estimated Expense Ratio: 0.214% 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 |