Board of Trustees Local 580 Annuity FundMoney purchase plan
LOCAL 580 ANNUITY FUND · NEW YORK, NY · plan year 2022
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
Board of Trustees Local 580 Annuity Fund reported $2,316,071 in plan administrative expenses for 2022: 0.31% of average plan assets, higher than ~90% of peers. Employer contributions averaged $12,241 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
Across the 1 year on file its reported administrative ratio rose from 0.31% to 0.33%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,568 comparable plans and shown alongside other construction employers. By assets it is the 169th-largest of 5,648 plans among New York employers on file, and the 94th of 5,337 in construction.
Board of Trustees Local 580 Annuity Fund's 2022 employer contribution ran above the $4,065 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
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Source: U.S. Department of Labor, Form 5500 series, EIN 136178512 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.