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
- 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. |
|---|---|---|---|---|
| 2025 | 792 | $215.5M | $0 | $0 |
| 2024 | 938 | $207.3M | $0 | $0 |
| 2023 | 770 | $181.9M | $0 | $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 |
|---|---|---|---|---|
| GRAY, GRIFFITH & MAYS A.C. | Auditor | $41,340 | — | $41,340 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $41,340
- Estimated Expense Ratio: 0.019% 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 |
|---|---|---|---|---|---|
| 2025 | $968,800 | $574,850 | $116,700 | $41,340 | — |
| 2024 | $862,438 | $503,774 | $120,001 | $9,100 | — |
| 2023 | $988,950 | $660,117 | $129,089 | — | $110,637 |