Plan Snapshot
- Plan Sponsor: Board Of Trustees Iuoe Local 324 Retirement Trust Fund
- Sponsor EIN: 383685356
- Sponsor Address: 700 TOWER DR., SUITE 300, TROY, MI, 48098
- Plan Type: 401(k)
- Total Participants: 1,833
- Total Assets: $70.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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. |
|---|---|---|---|---|
| 2024 | 1,833 | $70.3M | $5.0M | $1.3M |
| 2023 | 1,741 | $60.0M | $5.0M | $1.5M |
| 2022 | 1,743 | $48.6M | $4.1M | $1.3M |
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 |
|---|---|---|---|---|
| LINCOLN NATIONAL CORPORATION | NONE KNOWN | $82,421 | — | $82,421 |
| PLANTE & MORAN, PLLC | NONE KNOWN | $73,375 | — | $73,375 |
| NEPC, LLC | NONE KNOWN | $73,200 | — | $73,200 |
| BENESYS | NONE KNOWN | $52,430 | — | $52,430 |
| STEFANSKY, HOLLOWAY & NICHOLS, INC. | NONE KNOWN | $30,933 | — | $30,933 |
| ASHERKELLY | NONE KNOWN | $21,193 | — | $21,193 |
| WEISMAN, YOUNG & RUEMENAPP, P.C. | NONE KNOWN | $19,357 | — | $19,357 |
| WATKINS PAWLICK CALATI & PRIFTI PC | NONE KNOWN | $5,056 | — | $5,056 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LINCOLN NATIONAL CORPORATION — NONE KNOWN
- PLANTE & MORAN, PLLC — NONE KNOWN
- NEPC, LLC — NONE KNOWN
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $357,965
- Estimated Expense Ratio: 0.509% 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 |
|---|---|---|---|---|---|
| 2024 | $382,203 | — | $134,779 | $73,375 | — |
| 2023 | $373,558 | — | $154,152 | $75,250 | — |
| 2022 | $358,303 | — | $129,158 | — | $139,856 |