Plan Snapshot
- Plan Sponsor: Board Of Trustees Local 580 Pension Fund
- Sponsor EIN: 136178514
- Sponsor Address: 501 WEST 42ND STREET, NEW YORK, NY, 10036
- Plan Type: DB
- Total Participants: 1,429
- Total Assets: $952.6M
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 | 1,429 | $952.6M | $34.2M | $0 |
| 2023 | 1,516 | $859.5M | $34.2M | $0 |
| 2022 | 1,665 | $765.5M | $37.2M | $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 |
|---|---|---|---|---|
| SCHULTHEIS & PANETTIERI, LLP | Auditor | $75,000 | — | $75,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCHULTHEIS & PANETTIERI, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $75,000
- Estimated Expense Ratio: 0.008% 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 | $4,029,800 | $1,791,326 | — | $75,000 | — |
| 2023 | $3,576,724 | $1,538,645 | — | $75,000 | — |
| 2022 | $3,377,442 | $1,615,247 | — | — | $502,492 |