Plan Snapshot
- Plan Sponsor: Ironworkers Local 549-550 Pension Plan
- Sponsor EIN: 556027928
- Sponsor Address: 9200 US ROUTE 60, ONA, WV, 255459507
- Plan Type: DB
- Plan Number: 001
- Total Participants: 792
- Total Assets: $215.5M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 792 | $215.5M | $9.2M | $0 |
| 2023 | 938 | $207.3M | $10.2M | $0 |
| 2022 | 770 | $181.9M | $9.5M | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| AMERICAN BENEFIT CORPORATION | Other Service Provider | $120,629 | — | $120,629 |
| PRUDENTIAL INSURANCE COMPANY | Recordkeeper | $94,705 | — | $94,705 |
| QUALITATIVE MANAGEMENT | Other Service Provider | $90,824 | — | $90,824 |
| LOOMIS SAYLES TRUST COMPANY | Other Service Provider | $75,681 | — | $75,681 |
| ALAN BILLER AND ASSOCIATES | ERISA Attorney | $70,000 | — | $70,000 |
| ACRISURE | Other Service Provider | $64,720 | — | $64,720 |
| MACALA & PIATT, LLC | Other Service Provider | $51,590 | — | $51,590 |
| FIDELTY INVESTMENTS | Other Service Provider | $50,974 | — | $50,974 |
| GRAY GRIFFITH AND MAYS PLLC | Other Service Provider | $41,340 | — | $41,340 |
| ULLICO | Recordkeeper | $38,213 | — | $38,213 |
| BOYD WATERSON | Other Service Provider | $24,879 | — | $24,879 |
| ALERA GROUP | Investment Advisor | $20,998 | — | $20,998 |
| INTERNATIONAL FOUNDATION OF EMPLOYE | Other Service Provider | $9,996 | — | $9,996 |
| UNION BANK AND TRUST | Other Service Provider | $8,646 | — | $8,646 |
| JOHNSON PRINTING COMPANY | Other Service Provider | $8,366 | — | $8,366 |
| WESBANCO | Other Service Provider | $6,486 | — | $6,486 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PRUDENTIAL INSURANCE COMPANY — Recordkeeper
- ALAN BILLER AND ASSOCIATES — ERISA Attorney
- ULLICO — Recordkeeper
- ALERA GROUP — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $778,047
- Estimated Expense Ratio: 0.361% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $968,800 | $574,850 | $116,700 | $41,340 | — |
| 2023 | $862,438 | $503,774 | $120,001 | $9,100 | — |
| 2022 | $988,950 | $660,117 | $129,089 | — | $110,637 |