Plan Snapshot
- Plan Sponsor: Board Of Trustees Local 580 Insurance Fund
- Sponsor EIN: 136178513
- Sponsor Address: 501 WEST 42ND STREET, NEW YORK, NY, 10036
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 1,480
- Total Assets: $335.3M
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. |
|---|---|---|---|---|
| 2024 | 1,480 | $335.3M | $39.0M | $425,751 |
| 2023 | 1,605 | $328.0M | $39.2M | $412,142 |
| 2022 | 1,816 | $321.8M | $42.8M | $257,491 |
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 |
|---|---|---|---|---|
| EMPIRE BLUECROSS BLUESHIELD | Other Service Provider | $1,406,685 | $1,984,425 | $3,391,110 |
| RICHARD FALASCA | Recordkeeper | $201,686 | — | $201,686 |
| BRENDAN TORMEY | Recordkeeper | $192,694 | — | $192,694 |
| RYAN HERBERT | Recordkeeper | $182,337 | — | $182,337 |
| JP MORGAN INVESTMENT MANAGEMENT INC | Recordkeeper | $179,287 | — | $179,287 |
| THOMAS LECOMPTE | Recordkeeper | $153,654 | — | $153,654 |
| REJUS SKEIRIS | Recordkeeper | $144,907 | — | $144,907 |
| LOOMIS SAYLES TRUST COMPANY | Other Service Provider | $143,745 | — | $143,745 |
| LORD ABBETT & CO LLC | Other Service Provider | $114,451 | — | $114,451 |
| JOINT MANAGED SERVICES ASSOCIATES | Other Service Provider | $100,328 | — | $100,328 |
| EVELYN RODRIGUEZ | Recordkeeper | $92,058 | — | $92,058 |
| DIANA CONTRERAS | Recordkeeper | $83,291 | — | $83,291 |
| ROOKMINI PRASAD | Recordkeeper | $83,041 | — | $83,041 |
| VANYA WEST | Recordkeeper | $79,850 | — | $79,850 |
| DEION DEALLIE | Recordkeeper | $79,297 | — | $79,297 |
| F/M INVESTMENTS LLC | Other Service Provider | $78,817 | — | $78,817 |
| COLLERAN O'HARA AND MILLS | ERISA Attorney | $77,278 | — | $77,278 |
| THE SEGAL COMPANY | Other Service Provider | $77,121 | — | $77,121 |
| BARBARA ARMSTRONG | Recordkeeper | $74,659 | — | $74,659 |
| JOHN CUMBERLAND | Recordkeeper | $73,203 | — | $73,203 |
| JUSTICE HARRIS | Recordkeeper | $72,622 | — | $72,622 |
| CIARA SHEA | Recordkeeper | $70,722 | — | $70,722 |
| SCHULTHEIS & PANETTIERI LLP | Auditor | $70,000 | — | $70,000 |
| GUARDIAN LIFE INSURANCE CO | Recordkeeper | $69,507 | — | $69,507 |
| KERRY ARMSTRONG | Recordkeeper | $69,377 | — | $69,377 |
| PILAR CONTRERAS | Recordkeeper | $66,750 | — | $66,750 |
| CINTRA CAMERON | Recordkeeper | $63,244 | — | $63,244 |
| BRIDGEWAY BENEFIT TECHNOLOGIES LLC | Other Service Provider | $61,520 | — | $61,520 |
| GEORGE SPINELLO | Recordkeeper | $59,835 | — | $59,835 |
| KEMEICHA HARRISON | Recordkeeper | $59,780 | — | $59,780 |
| STEVEN N DAVI PC | Other Service Provider | $56,032 | — | $56,032 |
| MANNING & NAPIER ADVISORS LLC | Other Service Provider | $50,873 | — | $50,873 |
| EDWARD ZEBROWSKI | Recordkeeper | $43,514 | — | $43,514 |
| ACCRETIVE GLOBAL INSURANCE SERVICES | Other Service Provider | $40,449 | — | $40,449 |
| AMALGAMATED BANK | Other Service Provider | $37,570 | — | $37,570 |
| GENNA MILTON | Recordkeeper | $30,538 | — | $30,538 |
| HEALTH BENEFIT RESOURCES | Other Service Provider | $24,720 | — | $24,720 |
| MORGAN STANLEY GRAYSTONE | Recordkeeper | $8,436 | — | $8,436 |
| LABOR BENEFITS LLC | Other Service Provider | — | $5,883 | $5,883 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RICHARD FALASCA — Recordkeeper
- BRENDAN TORMEY — Recordkeeper
- RYAN HERBERT — Recordkeeper
- JP MORGAN INVESTMENT MANAGEMENT INC — Recordkeeper
- THOMAS LECOMPTE — Recordkeeper
- REJUS SKEIRIS — Recordkeeper
- EVELYN RODRIGUEZ — Recordkeeper
- DIANA CONTRERAS — Recordkeeper
- ROOKMINI PRASAD — Recordkeeper
- VANYA WEST — Recordkeeper
- DEION DEALLIE — Recordkeeper
- BARBARA ARMSTRONG — Recordkeeper
- JOHN CUMBERLAND — Recordkeeper
- JUSTICE HARRIS — Recordkeeper
- CIARA SHEA — Recordkeeper
- SCHULTHEIS & PANETTIERI LLP — Auditor
- GUARDIAN LIFE INSURANCE CO — Recordkeeper
- KERRY ARMSTRONG — Recordkeeper
- PILAR CONTRERAS — Recordkeeper
- CINTRA CAMERON — Recordkeeper
- GEORGE SPINELLO — Recordkeeper
- KEMEICHA HARRISON — Recordkeeper
- EDWARD ZEBROWSKI — Recordkeeper
- GENNA MILTON — Recordkeeper
- MORGAN STANLEY GRAYSTONE — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $6,564,186
- Estimated Expense Ratio: 1.958% 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 | $2,073,690 | $567,173 | — | $70,000 | — |
| 2023 | $2,000,045 | $579,290 | — | $71,261 | — |
| 2022 | $1,940,644 | $653,207 | — | — | $530,761 |