2023 Form 5500 filing — Ironworkers Local 549-550 Medical & Benefit Plan
Plain-English filing 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, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20250115093808NAL0021564513003) for Ironworkers Local 549-550 Medical & Benefit Plan, reported by Iron Workers Locals 549 & 550 Medical & Benefit Plan under EIN 51-0168650 and plan number 501. It reports 914 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20250115093808NAL0021564513003
- Filing year
- 2023
- Form type
- 1
- Plan sponsor
- Iron Workers Locals 549 & 550 Medical & Benefit Plan
- EIN
- 51-0168650
- Plan number
- 501
- Location
- Ona, WV
- Participants
- 914
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $15,535,045
- Total liabilities (EOY)
- $1,740,848
- Net assets (EOY)
- $13,794,197
- Employer contributions
- $11,142,074
- Participant contributions
- $749,707
- Total income / additions
- $12,642,515
- Benefits paid
- $10,548,655
- Administrative expenses
- $947,571
- Total expenses
- $11,496,226
- Net increase / (decrease)
- $1,146,289
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Anthem Blue Cross Blue Shield | MEDICAL CLAIMS ADMIN | $385,225 | $0 |
| American Benfit Corporation | PLAN ADMINISTRATOR | $298,259 | not reported in the loaded dataset |
| Foster And Foster | PLAN ACTUARY | $62,350 | not reported in the loaded dataset |
| Capital Rx | PRESCRIPTION CLAIMS ADMIN | $55,087 | $0 |
| Macala & Piatt | ATTORNEY | $39,731 | $0 |
| Wex Health Inc. | HRA CLAIMS PROCESSING | $29,044 | $0 |
| Todd Associates, Inc | INSURANCE AGENT | $12,398 | $0 |
| Alan D Biller Associates, Inc | INVESTMENT ADVISOR | $9,500 | $0 |
| Johnson Printing | PRINTING SERVICES | $6,058 | $0 |
| Kozocki Hughes Tickerhoof Pllc | AUDITOR | $5,140 | $0 |