Plan Snapshot
- Plan Sponsor: Board Of Trustees Local 580 Vacation Fund
- Sponsor EIN: 132874176
- Sponsor Address: 501 WEST 42ND STREET, NEW YORK, NY, 10036
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 1,756
- Total Assets: $25.3M
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 | 1,756 | $25.3M | $0 | $32.0M |
| 2023 | 1,866 | $27.0M | $0 | $32.1M |
| 2022 | 2,071 | $26.4M | $0 | $34.1M |
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 |
|---|---|---|---|---|
| JOINT MANAGED SERVICES ASSOCIATES | Other Service Provider | $29,093 | — | $29,093 |
| BRIDGEWAY BENEFIT TECHNOLOGIES | Other Service Provider | $28,484 | — | $28,484 |
| SCHULTHEIS & PANETTIERI, LLP | Auditor | $25,000 | — | $25,000 |
| COLLERAN O'HARA & MILLS | Other Service Provider | $24,834 | — | $24,834 |
| STEVEN N DAVI, PC | Other Service Provider | $12,820 | — | $12,820 |
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: $120,231
- Estimated Expense Ratio: 0.475% 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 | $390,574 | — | — | $25,000 | — |
| 2023 | $350,851 | — | — | $25,366 | — |
| 2022 | $350,693 | — | — | — | $118,621 |