Ironworkers Local 549/550 Security Plan Board of Trustees retirement plan: assets, participants and fees
What Ironworkers Local 549/550 Security Plan Board of Trustees' retirement plan plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | John Hancock Retirement Services | Schedule C ↗ |
| Independent auditor | Gray, Griffith, & Mays PLLC (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Profit-sharing · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 570 defined-contribution plans in construction with 1,000 to 4,999 participants.
| Ironworkers Local 549/550 Security Plan Board of Trustees: employer contribution per participant | $2,615 | |
| Peer median | $2,900 |
| Ironworkers Local 549/550 Security Plan Board of Trustees: average balance | $29,937 | |
| Peer median | $67,876 |
| Ironworkers Local 549/550 Security Plan Board of Trustees: admin expenses ÷ assets | 0.25% | |
| Peer median | 0.26% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $52.7M at the end of plan year 2023 to $54.5M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 4,371 | $54.5M | $4.8M | $2,615 | 0.25% | Not published | Form 5500 ↗ |
| 2023 | 4,174 | $52.7M | $5M | $2,900 | 0.24% | Not published | Form 5500 ↗ |
Common questions
Does Ironworkers Local 549/550 Security Plan Board of Trustees match 401(k) contributions?
The match terms for the Ironworkers Local Union 549 and 550 Security Plan have not been published from its filing yet. The plan year 2024 filing reports $4.8M in employer contributions, about $2,615 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Ironworkers Local 549/550 Security Plan Board of Trustees 401(k) match vested?
The vesting schedule for the Ironworkers Local Union 549 and 550 Security Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Ironworkers Local 549/550 Security Plan Board of Trustees 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is John Hancock Retirement Services. The plan administrator is Ironworkers Local 549/550 Security Plan Board of Trustees.
I left Ironworkers Local 549/550 Security Plan Board of Trustees. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Ironworkers Local 549/550 Security Plan Board of Trustees, (304) 399-9010) or the recordkeeper, John Hancock Retirement Services. The Ironworkers Local 549/550 Security Plan Board of Trustees old 401(k) page lists the contacts from every plan filing. Find an old Ironworkers Local 549/550 Security Plan Board of Trustees 401(k)
Data from the public Form 5500 annual reports Ironworkers Local 549/550 Security Plan Board of Trustees filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Ironworkers Local 549/550 Security Plan Board of Trustees. Not financial advice. Report a correction · Methodology