Profit Sharing · DOL Form 5500 · 2024
Ironworkers Local 549/550 Security Plan Board of Trustees Profit Sharing Plan
Data updated 2026-08-25
- $54M
- Total assets Below avg plan size
- 3,813
- Participants Above avg headcount
- 85th
- Percentile by assets National rank
- $14,287
- Avg per participant Low balance/head
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
$54M in assets, 3,813 participants
Ironworkers Local 549/550 Security Plan Board of Trustees's Ironworkers Local Union 549 and 550 Security Plan reported $54M in total assets and 3,813 participants in its 2024 DOL Form 5500 filing, ranking in the 85th 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.
- #7,530 in Construction (9,039 peers)
Coverage in West Virginia
Ironworkers Local Union 549 and 550 Security Plan covers 3,813 participants in West Virginia, 8.2x the typical West Virginia plan (state average ~467 per filing). Assets: $54M.
- #7,530
- in Construction (9,039 peers)
- +3.2%
- 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 2024 · DOL Form 5500
$54,476,099 Top 15% higher than 85% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Ironworkers Local Union 549 and 550 Security Plan's large-plan peer group by participant headcount
Plan-year 2024 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 (3,813 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Ironworkers Local Union 549 and 550 Security Plan reported net income fell from $9M in the plan year 2023 filing to $2M in the plan year 2024 filing.
- Ironworkers Local Union 549 and 550 Security Plan reported participants rose from 3,624 in the plan year 2023 filing to 3,813 in the plan year 2024 filing.
- Ironworkers Local Union 549 and 550 Security Plan end-of-year assets rose from $53M in the plan year 2023 filing to $54M in the plan year 2024 filing.
Published 5500 schedule card
Filing strip 341399439 · Ironworkers Local 549/550 Security Plan Board of Trustees PY 2024 · Profit Sharing
Ironworkers Local Union 549 and 550 Security Plan · $54M · 3,813 · 85th
- EIN $54M
- EIN 3,813
- EIN 85th
- EIN Profit Sharing
- EIN near Wilmington Friends School 403(b) Retirement Plan
- EIN ind #7530
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
West Virginia filing particulars
| Total Assets (Beginning of Year) | $53M |
|---|---|
| Net Assets (End of Year) | $54M |
| Net Income | $2M |
| 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)
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
| 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.
- West Virginia Laborers Profit Sharing Plan $157M · 5,755
- Int Brotherhood of Electrical Workers Local 141 Profit Sharing Plan $114M · 285
- I.U.O.E. Local #132 Annuity & Savings Fund $105M · 8,277
- The Profit Sharing and Retirement Plan for the Mountain Company and the Laurel Management Group, Inc. $53M · 245
- Plumbers & Pipefitters Local 625 Pension Plan $48M · N/A
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 Wilmington Friends School 403(b) Retirement Plan in DE ($55M); by covered participants it is Profit Sharing Retirement Plan for Divisions and Subsidiaries of Emerson Electric Co. in MO (3,819 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($54M here).
Similar participant headcount
Nearest other-state filings by covered participants (3,813 participants); asset peers above are excluded.
- Profit Sharing Retirement Plan for Divisions and Subsidiaries of Emerson Electric Co. (MO) 3,819 · 6 off
- Sheet Metal Workers' Local 33 Profit Sharing Annuity Plan (OH) 3,783 · 30 off
- American Heart Association, Inc. Qualified Retirement Plan (TX) 3,779 · 34 off
- The Tjx Companies, Inc. Puerto Rico Savings Plan (MA) 3,777 · 36 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.