Plan Snapshot
- Plan Sponsor: Board Of Trustees Local 580 Educational Fund
- Sponsor EIN: 237040036
- Sponsor Address: 501 WEST 42ND STREET, NEW YORK, NY, 10036
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 1,848
- Total Assets: $37.9M
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 | 1,848 | $37.9M | $2.7M | $0 |
| 2023 | 1,955 | $37.9M | $2.8M | $0 |
| 2022 | 1,998 | $36.5M | $3.1M | $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 |
|---|---|---|---|---|
| NOEL QUINONES | Other Service Provider | $187,074 | — | $187,074 |
| JOSEPH ROONEY | Other Service Provider | $177,557 | — | $177,557 |
| ADRIAN PADRO | Other Service Provider | $92,513 | — | $92,513 |
| COLLERAN O'HARA & MILLS LLP | Other Service Provider | $76,746 | — | $76,746 |
| DESMOND PIERRE | Other Service Provider | $65,243 | — | $65,243 |
| ATIBA VIALVA | Other Service Provider | $49,496 | — | $49,496 |
| SCOTT BAVOLAR | Other Service Provider | $47,829 | — | $47,829 |
| JOSEPH FALASCA | Other Service Provider | $46,135 | — | $46,135 |
| DANIEL MCCLOSKEY | Other Service Provider | $43,652 | — | $43,652 |
| NICOLE MOORE | Other Service Provider | $41,296 | — | $41,296 |
| JOSEPH MAHONEY | Other Service Provider | $37,181 | — | $37,181 |
| DAVID TOEGEL | Other Service Provider | $33,061 | — | $33,061 |
| STEVEN N DAVI PC | Other Service Provider | $32,374 | — | $32,374 |
| EUGENE MATTHEWS | Other Service Provider | $31,598 | — | $31,598 |
| SCHULTHEIS & PANETTIERI, LLP | Auditor | $30,000 | — | $30,000 |
| THOMAS MASSEY | Other Service Provider | $25,890 | — | $25,890 |
| DUANE MORRIS LLP | ERISA Attorney | $24,000 | — | $24,000 |
| WEAVER BARKSDALE & ASSOCIATES, INC | Other Service Provider | $20,420 | — | $20,420 |
| JOINT MANAGED SERVICES ASSOCIATES | Other Service Provider | $20,114 | — | $20,114 |
| DOLAN MCENIRY CAPITAL MANAGEMENT | Other Service Provider | $13,538 | — | $13,538 |
| BRIDGEWAY BENEFIT TECHNOLOGIES | Other Service Provider | $10,231 | — | $10,231 |
| WASSERMAN GRUBIN & ROGERS, LLP. | Other Service Provider | $7,000 | — | $7,000 |
| MORGAN STANLEY | Recordkeeper | $6,000 | — | $6,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCHULTHEIS & PANETTIERI, LLP — Auditor
- DUANE MORRIS LLP — ERISA Attorney
- MORGAN STANLEY — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,118,948
- Estimated Expense Ratio: 2.953% 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 | $1,019,796 | $39,958 | — | $30,000 | — |
| 2023 | $988,618 | $43,139 | — | $30,000 | — |
| 2022 | $949,530 | $52,827 | — | — | $181,724 |