Plan Snapshot
- Plan Sponsor: Ironworkers Local 549/550 Security Plan Board Of Trustees
- Sponsor EIN: 341399439
- Sponsor Address: 9200 US ROUTE 60, ONA, WV, 25545
- Plan Type: DC
- Total Participants: 4,003
- Total Assets: $54.5M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 4,003 | $54.5M | $0 | $0 |
| 2024 | 3,813 | $52.8M | $0 | $0 |
| 2023 | 3,624 | $44.0M | $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 PLLC | Auditor | $22,320 | — | $22,320 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $22,320
- Estimated Expense Ratio: 0.041% 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 | $134,328 | $25,000 | $46,625 | $22,320 | — |
| 2024 | $115,206 | $23,125 | $47,998 | $14,260 | — |
| 2023 | $119,206 | $20,000 | $49,425 | — | $37,137 |