Profit Sharing · DOL Form 5500 · 2022
Ironworkers Local 549/550 Security Plan Board of Trustees Profit Sharing Plan
Data updated 2026-08-11
- $44M
- Total assets
- 3,384
- Participants
- 87th
- Percentile by assets
- $13,004
- Avg per participant
Official DOL plan name: Ironworkers Local Union 549 and 550 Security Plan · Sponsored by Ironworkers Local 549/550 Security Plan Board of Trustees · West Virginia · Construction
$44M in assets, 3,384 participants
Ironworkers Local 549/550 Security Plan Board of Trustees's Ironworkers Local Union 549 and 550 Security Plan reported $44M in total assets and 3,384 participants in its 2022 DOL Form 5500 filing, ranking in the 87th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 87th percentile by assets (of 139,126 plans)
- #8,459 in Construction (9,927 peers)
Coverage in West Virginia
Ironworkers Local Union 549 and 550 Security Plan covers 3,384 participants in West Virginia, 7.2x the typical West Virginia plan (state average ~467 per filing). Assets: $44M.
- $44M
- total plan assets (2022 EOY)
- 3,384
- covered participants
- 87th
- percentile by assets (of 139,126 plans)
- $13,004
- avg assets per participant
The plan reported a net loss of $538K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs West Virginia filers
In West Virginia, the average filing covers about 467 participants across 380 plans. Ironworkers Local Union 549 and 550 Security Plan reports 3,384 participants - 7.2x that state average ($44M EOY assets).
West Virginia filing particulars
| Total Assets (Beginning of Year) | $45M |
|---|---|
| Net Assets (End of Year) | $44M |
| Net Income | -$538K |
| Employer EIN | 341399439 |
| Plan Effective Date | 1981-04-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Ironworkers Local 549/550 Security Plan Board of Trustees)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 3,384 | $44M |
| 2023 | 1 | 3,624 | $53M |
| 2024 | 1 | 3,813 | $54M |
Nearby Profit Sharing Plans in West Virginia
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
Ironworkers Local Union 549 and 550 Security Plan vs. nearby Profit Sharing plans in West Virginia, assets vs. participants
- West Virginia Laborers Profit Sharing Plan $137M · 5,881
- Int Brotherhood of Electrical Workers Local 141 Profit Sharing Plan $93M · 244
- I.U.O.E. Local #132 Annuity & Savings Fund $86M · 8,453
- The Profit Sharing and Retirement Plan for the Mountain Company and the Laurel Management Group, Inc. $42M · 280
- Plumbers & Pipefitters Local 625 Pension Plan $39M · N/A
Similar-Sized Profit Sharing Plans Nationally
Profit Sharing plans in other states closest to Ironworkers Local Union 549 and 550 Security Plan by total assets, not by location.
Frequently Asked Questions
How did Ironworkers Local Union 549 and 550 Security Plan assets move in 2022? ▼
How have Ironworkers Local 549/550 Security Plan Board of Trustees plan assets changed over time? ▼
Where does Ironworkers Local Union 549 and 550 Security Plan rank by assets among Form 5500 filers? ▼
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Filing takeaways
Ways to act on Ironworkers Local Union 549 and 550 Security Plan's numbers.
- By total assets, Ironworkers Local Union 549 and 550 Security Plan ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Profit Sharing plans in West Virginia. Compare plans
- Ironworkers Local 549/550 Security Plan Board of Trustees's sponsor-wide assets have grown 23.8% since 2022 across 3 plan years on file. More Construction plans