Defined Benefit (Pension) · DOL Form 5500 · 2024

Ironworkers Local 549-550 Pension Plan Pension Plan

Data updated 2026-08-25

$215M
Total assets Near avg plan size
938
Participants Near avg headcount
95th
Percentile by assets National rank
$229,691
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

$215M in assets, 938 participants

Ironworkers Local 549-550 Pension Plan's Ironworkers Local 549-550 Pension Plan reported $215M in total assets and 938 participants in its 2024 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.

  • #8,469 in Construction (9,039 peers)

Coverage in West Virginia

Ironworkers Local 549-550 Pension Plan covers 938 participants in West Virginia, 2.0x the typical West Virginia plan (state average ~467 per filing). Assets: $215M.

#8,469
in Construction (9,039 peers)
+3.9%
assets growth YoY
2.2×
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 2024 · DOL Form 5500

$215,450,385 Top 5% higher than 95% of 123,620 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 2024

Ironworkers Local 549-550 Pension Plan among mid-size filed plans by headcount

Plan-year 2024 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 (938 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Ironworkers Local 549-550 Pension Plan reported net income fell from $26M in the plan year 2023 filing to $8M in the plan year 2024 filing.
  • Ironworkers Local 549-550 Pension Plan reported participants fell from 980 in the plan year 2023 filing to 938 in the plan year 2024 filing.
  • Ironworkers Local 549-550 Pension Plan end-of-year assets rose from $207M in the plan year 2023 filing to $215M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 556027928 · Ironworkers Local 549-550 Pension Plan PY 2024 · Defined Benefit (Pension)

Ironworkers Local 549-550 Pension Plan · $215M · 938 · 95th

  • PHOTO $215M
  • IND 938
  • EOY 95th
  • 5500 Defined Benefit (Pension)
  • ASSETS near Iuoe Local 98 Pension Plan
  • PCT ind #8469

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

Link-Belt Construction Equipment Company Employees' Retirement PlanLink-Belt Construction Equip…$216MIronworkers Local 549-550 Pension PlanIronworkers Local 549-550 Pe…$215MIuoe Local 98 Pension Plan$215MDiebold Nixdorf, Incorporated U.S. Pension PlanDiebold Nixdorf, Incorporate…$215MPension Plan for Employees of GivaudanPension Plan for Employees o…$215M
End-of-year total assets ($M) among Ironworkers Local 549-550 Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

West Virginia filing particulars

Total Assets (Beginning of Year)$207M
Net Assets (End of Year)$215M
Net Income$8M
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): 215.450385 · Participants: 938Ironworkers Local 549-550 Pension PlanWest Virginia Laborers Pension Trust Fund, Total assets ($M): 569.974961 · Participants: 2390West Virginia Laborers Pension Trust FundI.U.O.E. Local 132 Pension Fund, Total assets ($M): 559.321763 · Participants: 1858I.U.O.E. Local 132 Pension FundUnited Mine Workers of America 1985 Construction Workers Pension Plan, Total assets ($M): 469.568711 · Participants: 197United Mine Workers of America 1985 Construction Workers Pension PlanEmployer - Teamsters Local Nos 175 & 505 Pension Trust Fund, Total assets ($M): 452.81905 · Participants: 1685Employer - Teamsters Local Nos 175 & 505 Pension Trust FundMaryland Electrical Industry Pension Plan, Total assets ($M): 289.43837 · Participants: 1784Maryland 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 Iuoe Local 98 Pension Plan in MA ($215M); by covered participants it is Employee Retirement Income Plan - Hourly West in WA (938 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (938 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. 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 2024? ▼
Ironworkers Local 549-550 Pension Plan edged up modestly - up 3.9% during 2024, from $207M to $215M. Reported net income was $8M.
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 123,622 plans that reported assets for plan year 2024 (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 Iuoe Local 98 Pension Plan in MA ($215M, 644 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 Employee Retirement Income Plan - Hourly West in WA (938 participants, $1.7B in assets).

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 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.