Profit Sharing · DOL Form 5500 · 2022

Ironworkers Local 549/550 Security Plan Board of Trustees Profit Sharing Plan

Data updated 2026-08-25

$44M
Total assets Below avg plan size
3,384
Participants Above avg headcount
87th
Percentile by assets National rank
$13,004
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

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.

  • #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.

#8,459
in Construction (9,927 peers)
-1.2%
assets change YoY
0.4×
vs typical plan assets (national mean)

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.

Ironworkers Local Union 549 and 550 Security Plan's outsized position by total assets

Ironworkers Local Union 549 and 550 Security Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$44,006,917 Top 13% higher than 87% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Ironworkers Local Union 549 and 550 Security Plan's large-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Ironworkers Local Union 549 and 550 Security Plan lands in the large band (3,384 participants).

Plan-year Form 5500 strip

Filing strip 341399439 · Ironworkers Local 549/550 Security Plan Board of Trustees PY 2022 · Profit Sharing

Ironworkers Local Union 549 and 550 Security Plan · $44M · 3,384 · 87th

  • TYPE $44M
  • TYPE 3,384
  • TYPE 87th
  • TYPE Profit Sharing
  • TYPE near Bay Cove Human Services, Inc. 403(b) Savings and Retirement Plan
  • TYPE ind #8459

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Construction retirement plans → · Plans in West Virginia →

Ironworkers Local Union 549 and 550 Security Plan in the asset neighbourhood

Yai Network Affiliates 401(a) PlanYai Network Affiliates 401(a…$44MJudge Rotenberg Educational Center, Inc. RetiremenJudge Rotenberg Educational …$44MIronworkers Local Union 549 and 550 Security PlanIronworkers Local Union 549 …$44MBay Cove Human Services, Inc. 403(b) Savings and Retirement PlanBay Cove Human Services, Inc…$44MPlumbers Pipefitters Local No 776 Profit Sharing Annuity PlanPlumbers Pipefitters Local N…$44M
End-of-year total assets ($M) among Ironworkers Local Union 549 and 550 Security Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2022.

West Virginia filing particulars

Total Assets (Beginning of Year)$45M
Net Assets (End of Year)$44M
Net Income-$538K
Employer EIN341399439
Plan Effective Date1981-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Ironworkers Local 549/550 Security Plan Board of Trustees)

Sponsor-wide plan assets over time

All Ironworkers Local 549/550 Security Plan Board of Trustees plans reported in each filing year

Latest sponsor-wide plan assets
$54M 23.789855581112395% vs 2022
2024 filing year
$40M$45M$50M$55M$60M 202220232024 $44M $54.5M ▲ +23.8%
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 Scatter plot of 6 data points. -20000200040006000800010000 050100150 Total assets ($M) Participants Ironworkers Local Union 549 and 550 Security Plan, Total assets ($M): 44.006917 · Participants: 3384Ironworkers Local Union 549 and 550 Security PlanWest Virginia Laborers Profit Sharing Plan, Total assets ($M): 136.534019 · Participants: 5881West Virginia Laborers Profit Sharing PlanInt Brotherhood of Electrical Workers Local 141 Profit Sharing Plan, Total assets ($M): 93.464687 · Participants: 244Int Brotherhood of Electrical Workers Local 141 Profit Sharing PlanI.U.O.E. Local #132 Annuity & Savings Fund, Total assets ($M): 85.908036 · Participants: 8453I.U.O.E. Local #132 Annuity & Savings FundThe Profit Sharing and Retirement Plan for the Mountain Company and the Laurel Management Group, Inc., Total assets ($M): 42.446569 · Participants: 280The Profit Sharing and Retirement Plan for the Mountain Company and the Laurel Management Group, Inc.Plumbers & Pipefitters Local 625 Pension Plan, Total assets ($M): 39.267208 · Participants: 0Plumbers & Pipefitters Local 625 Pension Plan
Ironworkers Local Union 549 and 550 Security Plan vs. nearby Profit Sharing plans in West Virginia, assets vs. participants
Compare Ironworkers Local Union 549 and 550 Security Plan side-by-side with 3 peers →

Ironworkers Local Union 549 and 550 Security Plan's out-of-state Profit Sharing peers by assets and headcount

Outside West Virginia, the nearest Profit Sharing by assets is Bay Cove Human Services, Inc. 403(b) Savings and Retirement Plan in MA ($44M); by covered participants it is Plumbers' & Pipefitters' Local 562 Supplemental Pension Plan & Trust in MO (3,378 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (3,384 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Ironworkers Local Union 549 and 550 Security Plan assets move in 2022? ▼
Ironworkers Local Union 549 and 550 Security Plan edged down modestly - down 1.2% during 2022, from $45M to $44M. Reported net income was -$538K.
How have Ironworkers Local 549/550 Security Plan Board of Trustees plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Ironworkers Local 549/550 Security Plan Board of Trustees's sponsor-wide assets grew 23.8%, from $44M to $54M.
Where does Ironworkers Local Union 549 and 550 Security Plan rank by assets among Form 5500 filers? ▼
Ironworkers Local Union 549 and 550 Security Plan ranks in the 87th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which Profit Sharing plans are similar in size to Ironworkers Local Union 549 and 550 Security Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is Bay Cove Human Services, Inc. 403(b) Savings and Retirement Plan in MA ($44M, 860 participants).
Which Profit Sharing plans cover a similar participant headcount to Ironworkers Local Union 549 and 550 Security Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Plumbers' & Pipefitters' Local 562 Supplemental Pension Plan & Trust in MO (3,378 participants, $325M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 341399439.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.