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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 2021. Filed on October 27, 2022.

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 2021 IRS Form 990 filing, Local 580 Insurance Fund, a 501(c)(9) voluntary employees' beneficiary association, reported compensation for 6 employees. Among the employees shown here, the average compensation is $282,477. The highest compensated employee at Local 580 Insurance Fund is Peter Myers with fiscal year 2021 compensation of $303,738.

Revenue, expenses, and employee compensation

Revenue

$70,279,432

Expenses

$51,542,209

Employee compensation

$487,725
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Peter Myers
Union Trustee
$303,738
$0 $152,056 $151,682
Thomas Milton
Union Trustee
$302,438
$0 $150,756 $151,682
Joseph Nolan
Union Trustee
$302,438
$0 $150,756 $151,682
Brendan Tormey
Assistant Administrator
$281,410
$47,173 $122,871 $111,366
Ryan Herbert
Director of Audits
$276,355
$47,092 $117,897 $111,366
Thomas Lecompte
Controller
$228,484
$39,123 $100,612 $88,749

Benchmark Employee Compensation

Non-Employee Board Members

Michael Wenzel
Union Trustee
$6,450
$0 $6,450 No other comp
Kenneth Cody
Union Trustee
$2,933
$492 $1,203 $1,238
Randall Ment
Employer Trustee
No compensation reported
Joseph Maffei
Union Trustee
No compensation reported
Peter Carriero
Employer Trustee
No compensation reported
Randall Rifelli
Employer Trustee
No compensation reported

Contractors

Empire Blue Cross Blue Shield
Administrative Fees
$2,192,157
J P Morgan Asset Management
Investment Fees
$212,109
Wcm Investment Management
Investment Fees
$141,851
Colleran O'hara & Mills LLP
Legal Fees
$127,561
Loomis Sayle Trust CO LLC
Investment Fees
$125,563

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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