Profit Sharing · DOL Form 5500 · 2023

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

Data updated 2026-08-11

$53M
Total assets: 3,624
Participants: 86th
Percentile by assets: $14,559
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

$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.

86th percentile by assets (of 127,072 plans)
#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.

$53M
total plan assets (2023 EOY): 3,624
covered participants: 86th
percentile by assets (of 127,072 plans): $14,559
avg assets per participant

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 →

State

West Virginia

Industry

Construction

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 3,624 participants - 7.8x that state average ($53M EOY assets).

West Virginia filing particulars

Total Assets (Beginning of Year)	$44M
Net Assets (End of Year)	$53M
Net Income	$9M
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)

Total plan assets by year, all Ironworkers Local 549/550 Security Plan Board of Trustees plans on file

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 $151M · 5,751
Int Brotherhood of Electrical Workers Local 141 Profit Sharing Plan $104M · 225
I.U.O.E. Local #132 Annuity & Savings Fund $100M · 7,765
The Profit Sharing and Retirement Plan for the Mountain Company and the Laurel Management Group, Inc. $49M · 274
Plumbers & Pipefitters Local 625 Pension Plan $43M · N/A

Compare Ironworkers Local Union 549 and 550 Secu… side-by-side with 3 peers →

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.

Trucking Employees of North Jersey Annuity Fund (NJ) $53M · 375
Carriage House Investments Company Employees' Profit Sharing Plan (UT) $53M · 268
Plumbers & Pipefitters Local 773 Annuity Fund (NY) $53M · 645
Chicago and North Western Railway Company Profit Sharing and Retirement Savings Program (NE) $52M · 8

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).

Next read for Ironworkers Local Union 549 and 550 Secu…

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

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.