# Ironworkers Local 549-550 Pension Plan DB Plan
Source: https://planprovider.pro/companies/ironworkers-local-549-550-pension-plan-556027928-001

> Ironworkers Local 549-550 Pension Plan's DB plan: 792 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/empower) — Recordkeeper

- [ALAN BILLER AND ASSOCIATES](https://planprovider.pro/provider/trucker-huss-apc) — ERISA Attorney

- [ULLICO](https://planprovider.pro/provider/the-vanguard-group-inc) — Recordkeeper

- [ALERA GROUP](https://planprovider.pro/provider/alera-investment-advisors-llc) — 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|

## Similar Plans

- [Ironworkers Local 549/550 Security Plan Board Of Trustees](https://planprovider.pro/companies/ironworkers-local-549-550-security-plan-board-of-trustees-341399439-001) — 4,003 participants

- [Iron Workers Locals 549 & 550 Medical & Benefit Plan](https://planprovider.pro/companies/iron-workers-locals-549-550-medical-benefit-plan-510168650-501) — 542 participants

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