Ironworkers Local 549/550 Security Plan Board of TrusteesProfit-sharing plan
IRONWORKERS LOCAL UNION 549 AND 550 SECURITY PLAN · ONA, WV · plan year 2024
Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works
Ironworkers Local 549/550 Security Plan Board of Trustees reported $134,328 in plan administrative expenses for 2024: 0.25% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,188 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
Across the 2 years on file its reported administrative ratio fell from 0.27% to 0.25%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 36th-largest of 265 plans among West Virginia employers on file, and the 984th of 5,337 in construction. active participation has grown from 3,624 to 4,003 since 2022.
Ironworkers Local 549/550 Security Plan Board of Trustees's 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 341399439 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.