# Board Of Trustees Local 580 Educational Fund Health & Welfare Plan
Source: https://planprovider.pro/companies/board-of-trustees-local-580-educational-fund-237040036-501

> Board Of Trustees Local 580 Educational Fund's Health & Welfare plan: 1,848 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/schultheis-and-panettieri-llp) — Auditor

- [DUANE MORRIS LLP](https://planprovider.pro/provider/duane-morris-llp) — ERISA Attorney

- [MORGAN STANLEY](https://planprovider.pro/provider/jp-morgan-asset-management) — 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|

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