Defined Benefit (Pension) · DOL Form 5500 · 2023
Ironworkers Local 549-550 Pension Plan Pension Plan
Data updated 2026-08-11
- $207M
- Total assets
- 980
- Participants
- 95th
- Percentile by assets
- $211,547
- Avg per participant
Official DOL plan name: Ironworkers Local 549-550 Pension Plan · Sponsored by Ironworkers Local 549-550 Pension Plan · West Virginia · Construction
$207M in assets, 980 participants
Ironworkers Local 549-550 Pension Plan's Ironworkers Local 549-550 Pension Plan reported $207M in total assets and 980 participants in its 2023 DOL Form 5500 filing, ranking in the 95th 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.
- 95th percentile by assets (of 127,072 plans)
- #8,486 in Construction (9,030 peers)
Coverage in West Virginia
Ironworkers Local 549-550 Pension Plan covers 980 participants in West Virginia, 2.1x the typical West Virginia plan (state average ~467 per filing). Assets: $207M.
- $207M
- total plan assets (2023 EOY)
- 980
- covered participants
- 95th
- percentile by assets (of 127,072 plans)
- $211,547
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Ironworkers Local 549-550 Pension Plan reported net income rose from -$16M in the plan year 2022 filing to $26M in the plan year 2023 filing.
- Ironworkers Local 549-550 Pension Plan reported participants rose from 727 in the plan year 2022 filing to 980 in the plan year 2023 filing.
- Ironworkers Local 549-550 Pension Plan end-of-year assets rose from $182M in the plan year 2022 filing to $207M in the plan year 2023 filing.
Participants vs West Virginia filers
In West Virginia, the average filing covers about 467 participants across 380 plans. Ironworkers Local 549-550 Pension Plan reports 980 participants - 2.1x that state average ($207M EOY assets).
West Virginia filing particulars
| Total Assets (Beginning of Year) | $182M |
|---|---|
| Net Assets (End of Year) | $207M |
| Net Income | $26M |
| Employer EIN | 556027928 |
| Plan Effective Date | 1964-04-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Ironworkers Local 549-550 Pension Plan)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 727 | $182M |
| 2023 | 1 | 980 | $207M |
| 2024 | 1 | 938 | $215M |
Nearby Defined Benefit (Pension) Plans in West Virginia
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Ironworkers Local 549-550 Pension Plan vs. nearby Defined Benefit (Pension) plans in West Virginia, assets vs. participants
- West Virginia Laborers Pension Trust Fund $556M · 1,965
- I.U.O.E. Local 132 Pension Fund $548M · 1,559
- United Mine Workers of America 1985 Construction Workers Pension Plan $447M · 234
- Employer - Teamsters Local Nos 175 & 505 Pension Trust Fund $420M · 1,453
- Maryland Electrical Industry Pension Plan $268M · 1,667
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Ironworkers Local 549-550 Pension Plan by total assets, not by location.
Frequently Asked Questions
How did Ironworkers Local 549-550 Pension Plan assets move in 2023? ▼
How have Ironworkers Local 549-550 Pension Plan plan assets changed over time? ▼
Where does Ironworkers Local 549-550 Pension Plan rank by assets among Form 5500 filers? ▼
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Next read for Ironworkers Local 549-550 Pension Plan
Filing takeaways
Ways to act on Ironworkers Local 549-550 Pension Plan's numbers.
- By total assets, Ironworkers Local 549-550 Pension Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in West Virginia. Compare plans
- Ironworkers Local 549-550 Pension Plan's sponsor-wide assets have grown 18.5% since 2022 across 3 plan years on file. More Construction plans