Profit Sharing · DOL Form 5500 · 2023

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

Data updated 2026-08-25

$53M
Total assets Below avg plan size
3,624
Participants Above avg headcount
86th
Percentile by assets National rank
$14,559
Avg per participant Low balance/head
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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

$53M in assets, 3,624 participants

Ironworkers Local 549/550 Security Plan Board of Trustees's Ironworkers Local Union 549 and 550 Security Plan reported $53M in total assets and 3,624 participants in its 2023 DOL Form 5500 filing, ranking in the 86th 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.

  • #7,573 in Construction (9,030 peers)

Coverage in West Virginia

Ironworkers Local Union 549 and 550 Security Plan covers 3,624 participants in West Virginia, 7.8x the typical West Virginia plan (state average ~467 per filing). Assets: $53M.

#7,573
in Construction (9,030 peers)
+19.9%
assets growth YoY
0.5×
vs typical plan assets (national mean)

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 2023 · DOL Form 5500

$52,763,280 Top 14% higher than 86% of 127,068 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 2023

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

Plan-year 2023 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 (3,624 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Ironworkers Local Union 549 and 550 Security Plan reported net income rose from -$538K in the plan year 2022 filing to $9M in the plan year 2023 filing.
  • Ironworkers Local Union 549 and 550 Security Plan end-of-year assets rose from $44M in the plan year 2022 filing to $53M in the plan year 2023 filing.
  • Ironworkers Local Union 549 and 550 Security Plan reported participants rose from 3,384 in the plan year 2022 filing to 3,624 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 341399439 · Ironworkers Local 549/550 Security Plan Board of Trustees PY 2023 · Profit Sharing

Ironworkers Local Union 549 and 550 Security Plan · $53M · 3,624 · 86th

  • EOY $53M
  • EOY 3,624
  • EOY 86th
  • EOY Profit Sharing
  • EOY near Trucking Employees of North Jersey Annuity Fund
  • EOY ind #7573

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

Plumbers & Pipefitters Local 773 Annuity FundPlumbers & Pipefitters Local…$53MIronworkers Local Union 549 and 550 Security PlanIronworkers Local Union 549 …$53MTrucking Employees of North Jersey Annuity FundTrucking Employees of North …$53MCarriage House Investments Company Employees' Profit Sharing PlanCarriage House Investments C…$53MChicago and North Western Railway Company Profit Sharing and Retirement Savings ProgramChicago and North Western Ra…$52M
End-of-year total assets ($M) among Ironworkers Local Union 549 and 550 Security Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2023.

West Virginia filing particulars

Total Assets (Beginning of Year)$44M
Net Assets (End of Year)$53M
Net Income$9M
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 050100150200 Total assets ($M) Participants Ironworkers Local Union 549 and 550 Security Plan, Total assets ($M): 52.76328 · Participants: 3624Ironworkers Local Union 549 and 550 Security PlanWest Virginia Laborers Profit Sharing Plan, Total assets ($M): 150.972254 · Participants: 5751West Virginia Laborers Profit Sharing PlanInt Brotherhood of Electrical Workers Local 141 Profit Sharing Plan, Total assets ($M): 104.30095 · Participants: 225Int Brotherhood of Electrical Workers Local 141 Profit Sharing PlanI.U.O.E. Local #132 Annuity & Savings Fund, Total assets ($M): 100.212407 · Participants: 7765I.U.O.E. Local #132 Annuity & Savings FundThe Profit Sharing and Retirement Plan for the Mountain Company and the Laurel Management Group, Inc., Total assets ($M): 48.541861 · Participants: 274The Profit Sharing and Retirement Plan for the Mountain Company and the Laurel Management Group, Inc.Plumbers & Pipefitters Local 625 Pension Plan, Total assets ($M): 43.159273 · 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 Trucking Employees of North Jersey Annuity Fund in NJ ($53M); by covered participants it is Steamfitters' Industry Supplemental Retirement Fund in NY (3,691 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (3,624 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. 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 2023? ▼
Ironworkers Local Union 549 and 550 Security Plan grew sharply - up 19.9% during 2023, from $44M to $53M. Reported net income was $9M.
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 86th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (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 Trucking Employees of North Jersey Annuity Fund in NJ ($53M, 375 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 Steamfitters' Industry Supplemental Retirement Fund in NY (3,691 participants, $636M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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.