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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Local 580 Insurance Fund

Local 580 Insurance Fund

Fiscal year ending 2018. Filed on November 11, 2019.

501 West 42nd Street
New York, New York 10036

Local 580 Insurance Fund (EIN: 13-6178513) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2018 IRS Form 990 filing, Local 580 Insurance Fund, a 501(c)(9) voluntary employees' beneficiary association, reported compensation for 7 employees. Among the employees shown here, the average compensation is $261,692. The highest compensated employee at Local 580 Insurance Fund is Patrick Doherty with fiscal year 2018 compensation of $290,241.

Revenue, expenses, and employee compensation

Revenue

$77,535,937

Expenses

$44,759,164

Employee compensation

$590,493
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Patrick Doherty
Administrator
$290,241
$53,341 $128,157 $108,743
Mark Nardella
Controller
$282,460
$52,009 $122,917 $107,534
Robert Maguire
Assistant Administrator
$268,849
$48,793 $115,341 $104,715
Joseph Nolan
Union Trustee
$266,040
$0 $137,699 $128,341
Peter Myers
Co-Chair
$266,010
$0 $137,669 $128,341
Thomas Milton
Union Trustee
$266,010
$0 $137,669 $128,341
Dennis Lusardi
Director of P/R Audits
$192,234
$33,955 $79,986 $78,293

Benchmark Employee Compensation

Non-Employee Board Members

Michael Wenzel
Union Trustee
$5,200
$0 $5,200 No other comp
Kenneth Cody
Union Trustee
$2,738
$480 $1,130 $1,128
Peter Carriero
Co-Chair
No compensation reported
Randall Ment
Employer Trustee
No compensation reported
Randall Rifelli
Employer Trustee
No compensation reported

Contractors

Empire Blue Cross Blue Shield
Administrative Fees
$1,782,985
Guardian Life Insurance CO
Administrative Fees
$313,718
Manning Napier
Investment Fees
$179,310
J P Morgan Asset Management
Investment Fees
$167,245
Lord Abbett & CO LLC
Investment Fees
$130,974

Mission Statement

THE PURPOSE OF THE PLAN IS TO PROVIDE HEALTH AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS.

Revisions to this organization profile

October 21, 2025:
2024 Local 580 Insurance Fund 990 filed
October 11, 2024:
2023 Local 580 Insurance Fund 990 filed
November 6, 2023:
2022 Local 580 Insurance Fund 990 filed

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