Profit Sharing · DOL Form 5500 · 2024

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

Data updated 2026-07-24

$54M
Total assets: 3,813
Participants: 85th
Percentile by assets: $14,287
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

$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.

85th percentile by assets (of 116,472 plans)

Coverage in West Virginia

Ironworkers Local Union 549 and 550 Security Plan covers 3,813 participants in West Virginia, 8.1x the typical West Virginia plan (state average ~470 per filing). Assets: $54M.

$54M
total plan assets (2024 EOY): 3,813
covered participants: 85th
percentile by assets (of 116,472 plans): $14,287
avg assets per participant

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.

See the national 2023→2024 release diff →

State

West Virginia

Industry

Construction

Participants vs West Virginia filers

In West Virginia, the average filing covers about 470 participants across 351 plans. Ironworkers Local Union 549 and 550 Security Plan reports 3,813 participants - 8.1x that state average ($54M EOY assets).

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)

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 $157M · 5,755
Int Brotherhood of Electrical Workers Local 141 Profit Sharing Plan $114M · 285
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
Sheet Metal Workers Union Local No.24 Columbus Area Retirement Savings Plan $48M · 915

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.

Wilmington Friends School 403(b) Retirement Plan (DE) $55M · 139
Casa Colina, Inc. 403(b) Retirement Plan (CA) $55M · 1,071
I.B.E.W. Local 1253 Retirement Plan (ME) $55M · 538
Ncqa Retirement Plan (DC) $55M · 478

Frequently Asked Questions

How did Ironworkers Local Union 549 and 550 Security Plan assets move in 2024? ▼

Ironworkers Local Union 549 and 550 Security Plan edged up modestly - up 3.2% during 2024, from $53M to $54M. Reported net income was $2M.

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 85th percentile by end-of-year assets among 116,472 plans that reported assets for plan year 2024 (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 Wilmington Friends School 403(b) Retirement Plan in DE ($55M, 139 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 2024.

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.