Defined Benefit (Pension) · DOL Form 5500 · 2023

Ironworkers Local 549-550 Pension Plan Pension Plan

Data updated 2026-08-25

$207M
Total assets Near avg plan size
980
Participants Near avg headcount
95th
Percentile by assets National rank
$211,547
Avg per participant Above avg balance/head
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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.

  • #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.

#8,486
in Construction (9,030 peers)
+14.0%
assets growth YoY
2.1×
vs typical plan assets (national mean)

Ironworkers Local 549-550 Pension Plan's outsized position by total assets

Ironworkers Local 549-550 Pension Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$207,315,821 Top 5% higher than 95% 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 549-550 Pension Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Ironworkers Local 549-550 Pension Plan sits mid-pack in the medium band (980 participants).

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.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 556027928 · Ironworkers Local 549-550 Pension Plan PY 2023 · Defined Benefit (Pension)

Ironworkers Local 549-550 Pension Plan · $207M · 980 · 95th

  • BOOK $207M
  • BOOK 980
  • BOOK 95th
  • BOOK Defined Benefit (Pension)
  • BOOK near Consumers Credit Union Defined Benefit Plan and Trust
  • BOOK ind #8486

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 549-550 Pension Plan in the asset neighbourhood

Pipe Fitters Local Union No. 120 Pension PlanPipe Fitters Local Union No.…$207MPenn Mutual Retirement Plan$207MIronworkers Local 549-550 Pension PlanIronworkers Local 549-550 Pe…$207MConsumers Credit Union Defined Benefit Plan and TrustConsumers Credit Union Defin…$207MLaboratory Corporation of America Holdings Cash Balance Retirement PlanLaboratory Corporation of Am…$207M
End-of-year total assets ($M) among Ironworkers Local 549-550 Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

West Virginia filing particulars

Total Assets (Beginning of Year)$182M
Net Assets (End of Year)$207M
Net Income$26M
Employer EIN556027928
Plan Effective Date1964-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Ironworkers Local 549-550 Pension Plan)

Sponsor-wide plan assets over time

All Ironworkers Local 549-550 Pension Plan plans reported in each filing year

Latest sponsor-wide plan assets
$215M 18.475255061591213% vs 2022
2024 filing year
$160M$180M$200M$220M 202220232024 $182M $215M ▲ +18.5%
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 Scatter plot of 6 data points. 05001000150020002500 100200300400500600 Total assets ($M) Participants Ironworkers Local 549-550 Pension Plan, Total assets ($M): 207.315821 · Participants: 980Ironworkers Local 549-550 Pension PlanWest Virginia Laborers Pension Trust Fund, Total assets ($M): 555.630528 · Participants: 1965West Virginia Laborers Pension Trust FundI.U.O.E. Local 132 Pension Fund, Total assets ($M): 548.257437 · Participants: 1559I.U.O.E. Local 132 Pension FundUnited Mine Workers of America 1985 Construction Workers Pension Plan, Total assets ($M): 447.078317 · Participants: 234United Mine Workers of America 1985 Construction Workers Pension PlanEmployer - Teamsters Local Nos 175 & 505 Pension Trust Fund, Total assets ($M): 419.92467 · Participants: 1453Employer - Teamsters Local Nos 175 & 505 Pension Trust FundMaryland Electrical Industry Pension Plan, Total assets ($M): 267.765025 · Participants: 1667Maryland Electrical Industry Pension Plan
Ironworkers Local 549-550 Pension Plan vs. nearby Defined Benefit (Pension) plans in West Virginia, assets vs. participants
Compare Ironworkers Local 549-550 Pension Plan side-by-side with 3 peers →

Ironworkers Local 549-550 Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside West Virginia, the nearest Defined Benefit (Pension) by assets is Consumers Credit Union Defined Benefit Plan and Trust in IL ($207M); by covered participants it is Acuity Brands, Inc. Pension Plan in GA (980 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (980 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 549-550 Pension Plan assets move in 2023? ▼
Ironworkers Local 549-550 Pension Plan grew at a solid clip - up 14.0% during 2023, from $182M to $207M. Reported net income was $26M.
How have Ironworkers Local 549-550 Pension Plan plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Ironworkers Local 549-550 Pension Plan's sponsor-wide assets grew 18.5%, from $182M to $215M.
Where does Ironworkers Local 549-550 Pension Plan rank by assets among Form 5500 filers? ▼
Ironworkers Local 549-550 Pension Plan ranks in the 95th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Ironworkers Local 549-550 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Consumers Credit Union Defined Benefit Plan and Trust in IL ($207M, 432 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Ironworkers Local 549-550 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Acuity Brands, Inc. Pension Plan in GA (980 participants, $71M 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 556027928.

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.