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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 2020. Filed on November 11, 2021.

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 2020 IRS Form 990 filing, Local 580 Insurance Fund, a 501(c)(9) voluntary employees' beneficiary association, reported compensation for 5 employees. Among the employees shown here, the average compensation is $287,124. The highest compensated employee at Local 580 Insurance Fund is Peter Myers with fiscal year 2020 compensation of $297,031.

Revenue, expenses, and employee compensation

Revenue

$52,048,894

Expenses

$39,673,342

Employee compensation

$485,924
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Peter Myers
Union Trustee
$297,031
$0 $154,674 $142,357
Thomas Milton
Union Trustee
$295,416
$0 $153,059 $142,357
Joseph Nolan
Union Trustee
$293,141
$0 $150,784 $142,357
Robert Maguire
Assistant Administrator
$279,193
$49,630 $116,916 $112,647
Mark Nardella
Controller
$270,839
$47,011 $110,743 $113,085

Benchmark Employee Compensation

Non-Employee Board Members

Michael Wenzel
Union Trustee
$8,892
$0 $8,466 $426
Kenneth Cody
Union Trustee
$987
$987 No related compNo other comp
Randall Rifelli
Employer Trustee
No compensation reported
Randall Ment
Employer Trustee
No compensation reported
Peter Carriero
Employer Trustee
No compensation reported

Contractors

Empire Blue Cross Blue Shield
Administrative Fees
$1,937,329
J P Morgan Asset Management
Investment Fees
$193,205
Guardian Life Insurance CO
Administrative Fees
$123,006
Loomis Sayle Trust CO LLC
Investment Fees
$119,584
Lord Abbett
Investment Fees
$110,713

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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