# Ironworkers Local 549/550 Security Plan Board Of Trustees DC Plan
Source: https://planprovider.pro/companies/ironworkers-local-549-550-security-plan-board-of-trustees-plan

> Ironworkers Local 549/550 Security Plan Board Of Trustees's DC plan: 4,003 participants, plan year 2025 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2025.

## 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|

## Similar Plans

- [Ironworkers Local 549-550 Pension Plan](https://planprovider.pro/companies/ironworkers-local-549-550-pension-plan-plan) — 792 participants

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