Ironworkers Local 549-550 Medical & Benefit Plan — Form 5500 plan (Iron Workers Locals 549 & 550 Medical & Benefit Plan)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Ironworkers Local 549-550 Medical & Benefit Plan is a benefit plan reported by Iron Workers Locals 549 & 550 Medical & Benefit Plan under EIN 51-0168650 and plan number 501. The latest loaded filing year is 2023. The filing reports 914 participants and $15,535,045 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Iron Workers Locals 549 & 550 Medical & Benefit Plan
- EIN
- 51-0168650
- Plan number
- 501
- Plan type
- 1
- Location
- Ona, WV
- Latest filing year
- 2023
- Participants
- 914
- End-of-year plan assets
- $15,535,045
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 914 | H, C | 20250115093808NAL0021564513003 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $15,535,045
- Total liabilities (EOY)
- $1,740,848
- Net assets (EOY)
- $13,794,197
- Net assets (BOY)
- $12,647,908
Income & contributions
- Employer contributions
- $11,142,074
- Participant contributions
- $749,707
- Total contributions
- $11,891,781
- Total income / additions
- $12,642,515
Expenses & distributions
- Benefits paid
- $10,548,655
- Administrative expenses
- $947,571
- Total expenses
- $11,496,226
- Net increase / (decrease)
- $1,146,289
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Anthem Blue Cross Blue Shield | MEDICAL CLAIMS ADMIN | $385,225 | $0 | 2023 |
| American Benfit Corporation | PLAN ADMINISTRATOR | $298,259 | not reported in the loaded dataset | 2023 |
| Foster And Foster | PLAN ACTUARY | $62,350 | not reported in the loaded dataset | 2023 |
| Capital Rx | PRESCRIPTION CLAIMS ADMIN | $55,087 | $0 | 2023 |
| Macala & Piatt | ATTORNEY | $39,731 | $0 | 2023 |
| Wex Health Inc. | HRA CLAIMS PROCESSING | $29,044 | $0 | 2023 |
| Todd Associates, Inc | INSURANCE AGENT | $12,398 | $0 | 2023 |
| Alan D Biller Associates, Inc | INVESTMENT ADVISOR | $9,500 | $0 | 2023 |
| Johnson Printing | PRINTING SERVICES | $6,058 | $0 | 2023 |
| Kozocki Hughes Tickerhoof Pllc | AUDITOR | $5,140 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Iron Workers Locals 549 & 550 Medical & Benefit Plan
- 2023 Form 5500 filing
- Form 5500 filings in WV
- 401(k) and benefit plan filings in Ona, WV
- Anthem Blue Cross Blue Shield — Schedule C compensation
- American Benfit Corporation — Schedule C compensation
- Foster And Foster — Schedule C compensation
- Capital Rx — Schedule C compensation
- Macala & Piatt — Schedule C compensation
- Wex Health Inc. — Schedule C compensation
- Todd Associates, Inc — Schedule C compensation
- Alan D Biller Associates, Inc — Schedule C compensation
- Johnson Printing — Schedule C compensation
- Kozocki Hughes Tickerhoof Pllc — Schedule C compensation