Retirement plan

IRONWORKERS LOCAL UNION 549 AND 550 SECURITY PLAN

Name: IRONWORKERS LOCAL 549/550 SECURITY PLAN BOARD OF TRUSTEES - IRONWORKERS LOCAL UNION 549 AND 550 SECURITY PLAN (2025) Form 5500
Creator: IRONWORKERS LOCAL 549/550 SECURITY PLAN BOARD OF TRUSTEES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IRONWORKERS LOCAL UNION 549 AND 550 SECURITY PLAN, IRONWORKERS LOCAL 549/550 SECURITY PLAN BOARD OF TRUSTEES

IRONWORKERS LOCAL 549/550 SECURITY PLAN BOARD OF TRUSTEESEIN 34-1399439Plan #001PY 2025

9200 US ROUTE 60 - ONA, WV 25545304-399-9010

Prospect flagsLow returnsLow participationLow assets / participantLow employer contribution

How to read this page

Total assets (EOY)

$54.5M

+3.2% from 2024

Total participants

4,371

+4.7% from 2024

Average account balance

$29,948

-1.9% from 2024

Annual return

5.55%

-11.72 pp from 2024

Benchmarks

See 98 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort98 peers

Snapshot2025

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$54.48M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$30K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

1,819

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

36.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.76M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+5.55%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$74

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 6 by compensation

Provider	Service type	Compensation
AMERICAN REALTY ADVISORS3 years Filed as: AMERICAN BENEFIT CORPORATION Service code 13 · EIN 55-0672859 9200 US ROUTE 60 · ONA, WV 25545	Contract Administrator	$47,658
ALAN BILLER & ASSOCIATES2 years Filed as: ALAN BILLER AND ASSOCIATES Service code 26 · EIN 94-2854958 535 MIDDLEFIELD ROAD, SUITE 230 · MENLO PARK, CA 94025	Advisory (Participants)	$25,000
GRAY GRIFFITH AND MAYS PLLC1 year Filed as: GRAY, GRIFFITH, & MAYS PLLC Service code 10 · EIN 82-5354495 400 FORT PIERPONT DRIVE, SUITE 202 · MORGANTOWN, WV 26508	Accounting	$22,320
MACALA & PIATT, LLC10+ years Service code 29 · EIN 34-1933033 601 SOUTH MAIN STREET · NORTH CANTON, OH 48035	Legal	$20,577
JOHNSON PRINTING COMPANY1 year Service code 49 · EIN 99-0662908 4136 GREEN VALLEY ROAD · HUNTINGTON, WV 25701	Other Services	$7,588
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Filed as: JOHN HANCOCK RETIREMENT SERVICES Service code 15 · EIN 01-0233346	Recordkeeping	$400

Plan features & details

Pension benefit codes2E2F2G2S2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$134K

$34 / participant

Investment mgmt$25K18.6%
Legal$21K15.3%
Other trustee fees$5K3.4%
Contract admin$47K34.7%
Other / not subdivided$38K28.0%

% of EOY assets

0.247%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GRAY, GRIFFITH, & MAYS PLLC
Auditor EIN: 825354495
Audit fees: $22,320
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$29,948

$96,999-69.1%

$123,973-75.8%

$83,436-64.1%

Participation rate

36.2%

84.4%-48.2pp

76.7%-40.4pp

73.2%-36.9pp

Annual return

5.55%

8.97%-3.4pp

388.13%-382.6pp

19.34%-13.8pp

Employer contribution / active EE

$1,188

$5,808-79.5%

$4,126-71.2%

$4,072-70.8%

Participant deferral / active EE

$1,439-100.0%

$5,247-100.0%

$3,411-100.0%

Admin fee / account holder

$74

$227-67.5%

$11,799-99.4%

$265-72.2%

Provider

Service type

Compensation

AMERICAN REALTY ADVISORS3 years

Filed as: AMERICAN BENEFIT CORPORATION

Service code 13 · EIN 55-0672859

9200 US ROUTE 60 · ONA, WV 25545

Contract Administrator

$47,658

ALAN BILLER & ASSOCIATES2 years

Filed as: ALAN BILLER AND ASSOCIATES

Service code 26 · EIN 94-2854958

535 MIDDLEFIELD ROAD, SUITE 230 · MENLO PARK, CA 94025

Advisory (Participants)

$25,000

GRAY GRIFFITH AND MAYS PLLC1 year

Filed as: GRAY, GRIFFITH, & MAYS PLLC

Service code 10 · EIN 82-5354495

400 FORT PIERPONT DRIVE, SUITE 202 · MORGANTOWN, WV 26508

Accounting

$22,320

MACALA & PIATT, LLC10+ years

Service code 29 · EIN 34-1933033

601 SOUTH MAIN STREET · NORTH CANTON, OH 48035

Legal

$20,577

JOHNSON PRINTING COMPANY1 year

Service code 49 · EIN 99-0662908

4136 GREEN VALLEY ROAD · HUNTINGTON, WV 25701

Other Services

$7,588

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Filed as: JOHN HANCOCK RETIREMENT SERVICES

Service code 15 · EIN 01-0233346

Recordkeeping

$400

IRONWORKERS LOCAL UNION 549 AND 550 SECURITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IRONWORKERS LOCAL UNION 549 AND 550 SECURITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion