Plan Snapshot
- Plan Sponsor: Joint Board Of Trustees Operating Engineers Local 324
- Sponsor EIN: 381900637
- Sponsor Address: 5600 NEW KING DRIVE, SUITE 330, TROY, MI, 48098
- Plan Type: DB
- Plan Number: 001
- Total Participants: 8,819
- Total Assets: $1.9B
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 8,819 | $1.9B | $176.9M | $0 |
| 2023 | 8,314 | $1.8B | $175.2M | $0 |
| 2022 | 7,993 | $1.6B | $162.4M | $0 |
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 |
|---|---|---|---|---|
| ARES COMMERCIAL REAL ESTATE MANAGEM | Other Service Provider | $2,403,442 | — | $2,403,442 |
| PGIM | Other Service Provider | $1,517,890 | — | $1,517,890 |
| BLACKSTONE INFRASTRUCTURE PARTNERS | Other Service Provider | $970,293 | — | $970,293 |
| EARNEST PARTNERS, LLC | Other Service Provider | $904,051 | — | $904,051 |
| PERMIRA CREDIT SOLUTIONS MANAGED AC | Other Service Provider | $877,091 | — | $877,091 |
| SCHRODER INVESTMENT MANAGEMENT NORT | Other Service Provider | $784,101 | — | $784,101 |
| APOGEM CAPITAL, LLC | Other Service Provider | $686,127 | — | $686,127 |
| SIERRA INVESTMENT PARTNERS, INC. | Other Service Provider | $638,308 | — | $638,308 |
| NATIONAL INVESTMENT SERVICES OF AME | Other Service Provider | $624,452 | — | $624,452 |
| WESTPORT CAPITAL PARTNERS LLC | Other Service Provider | $574,011 | — | $574,011 |
| GCM GROSVENOR L.P. | Other Service Provider | $458,053 | — | $458,053 |
| BENTALLGREENOAK | Other Service Provider | $435,688 | — | $435,688 |
| SOLXSYS ADMINISTRATIVE SOLUTIONS | Other Service Provider | $433,344 | — | $433,344 |
| STEFANSKY, HOLLOWAY & NICHOLS, INC. | Other Service Provider | $408,721 | — | $408,721 |
| IRONSIDES CO INVESTMENT FUND VII LP | Other Service Provider | $401,259 | — | $401,259 |
| SIGULER GUFF ADVISERS, LLC | Other Service Provider | $388,183 | — | $388,183 |
| WASHINGTON CAPITAL MANAGEMENT, INC. | Other Service Provider | $380,321 | — | $380,321 |
| LOOMIS SAYLES TRUST COMPANY | Other Service Provider | $373,003 | — | $373,003 |
| KING STREET CAPITAL MANAGEMENT, LP | Other Service Provider | $365,996 | — | $365,996 |
| NEPC, LLC | Recordkeeper | $363,962 | — | $363,962 |
| PLANTE & MORAN, PLLC | Other Service Provider | $359,185 | — | $359,185 |
| AMERICAN GRAPHICS PRINTING CO. | Other Service Provider | $285,259 | — | $285,259 |
| ASHER KELLY | Other Service Provider | $284,415 | — | $284,415 |
| WEISMAN, YOUNG & RUEMENAPP, P.C. | Other Service Provider | $265,007 | — | $265,007 |
| HORIZON ACTUARIAL SERVICES, LLC | Other Service Provider | $264,666 | — | $264,666 |
| BPEA PRIVATE EQUITY | Other Service Provider | $255,481 | — | $255,481 |
| ULLICO INVESTMENT ADVISORS INC. | Other Service Provider | $255,195 | — | $255,195 |
| WACAP O REAL ESTATE OPP FD VIII | Other Service Provider | $251,349 | — | $251,349 |
| BLUE WOLF CAPITAL PARTNERS | Other Service Provider | $235,561 | — | $235,561 |
| BPEA STRATEGIC HEALTHCARE II LP | Other Service Provider | $191,355 | — | $191,355 |
| NOVARA TESIJA CATENACCI MCDONALD & | Other Service Provider | $181,481 | — | $181,481 |
| ALCENTRA EUROPEAN CREDIT OPP | Other Service Provider | $180,481 | — | $180,481 |
| STERLING UNITED PROPERTIES I, L.P. | Other Service Provider | $180,364 | — | $180,364 |
| ASB CAPITAL MANAGEMENT LLC | Other Service Provider | $168,248 | — | $168,248 |
| BENEFIT STREET PARTNERS SENIOR SECU | Other Service Provider | $159,151 | — | $159,151 |
| AXIOM INVESTORS, LLC | Other Service Provider | $141,679 | — | $141,679 |
| CRESCENT CAPITAL | Other Service Provider | $138,051 | — | $138,051 |
| RIVERSTONE | Other Service Provider | $137,350 | — | $137,350 |
| BNY MELLON | Other Service Provider | $133,921 | — | $133,921 |
| ADAMS STREET PARTNERS, LLC | Other Service Provider | $122,323 | — | $122,323 |
| MESIROW FINANCIAL INV MGMT INC. | Other Service Provider | $103,255 | — | $103,255 |
| BRIAN TATMAN | Other Service Provider | $83,604 | — | $83,604 |
| BRIAN GANTON | Other Service Provider | $83,312 | — | $83,312 |
| MESIROW FINANCIAL PRIVATE EQ VIII G | Other Service Provider | $77,755 | — | $77,755 |
| CHADWICK CAPANDA | Other Service Provider | $75,556 | — | $75,556 |
| SHAVON M BELLIA | Other Service Provider | $72,792 | — | $72,792 |
| ANGELO, GORDON & CO. | Investment Advisor | $70,991 | — | $70,991 |
| MONOMOY CAPITAL PARTNERS AIV III LP | Other Service Provider | $53,153 | — | $53,153 |
| JENNA BAK | Other Service Provider | $51,801 | — | $51,801 |
| MELLON CAPITAL | Other Service Provider | $47,886 | — | $47,886 |
| TAYLOR YOUNG | Other Service Provider | $44,633 | — | $44,633 |
| STEVEN ITRICH | Other Service Provider | $41,889 | — | $41,889 |
| MICHELLE KOLAR | Other Service Provider | $41,778 | — | $41,778 |
| STEPHANIE PRIOR | Other Service Provider | $38,588 | — | $38,588 |
| AA CAPITAL | Other Service Provider | $34,031 | — | $34,031 |
| KRISTINA WADE | Other Service Provider | $31,896 | — | $31,896 |
| LAURA TURTON | Other Service Provider | $31,167 | — | $31,167 |
| NORTH SKY CAPITAL LLC | Other Service Provider | $30,006 | — | $30,006 |
| BCP FUND III-A LP | Other Service Provider | $29,546 | — | $29,546 |
| NICOLE L STEINAWAY | Other Service Provider | $27,224 | — | $27,224 |
| PENSION BENEFIT INFORMATION | Other Service Provider | $25,262 | — | $25,262 |
| ZENWORK, INC. | Other Service Provider | $24,680 | — | $24,680 |
| MADDIN, HAUSER, ROTH & HELLER | Other Service Provider | $20,311 | — | $20,311 |
| SEGAL SELECT INSURANCE SERVICES INC | Other Service Provider | — | $18,609 | $18,609 |
| MICHAEL RICHARD ROLL | Other Service Provider | $17,825 | — | $17,825 |
| TERRACAP MANAGEMENT, LLC | Other Service Provider | $17,019 | — | $17,019 |
| DAWDA MANN PLC | Other Service Provider | $13,186 | — | $13,186 |
| NEWSTONE CAPITAL II TRUST FUND | Other Service Provider | $11,886 | — | $11,886 |
| WATKINS, PAWLICK, CALATI & PRIFTI | Other Service Provider | $9,860 | — | $9,860 |
| AMERICAN ARBITRATION ASSOCIATION | Other Service Provider | $7,500 | — | $7,500 |
| CORRIGAN RECORD STORAGE, LLC | Other Service Provider | $7,004 | — | $7,004 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NEPC, LLC — Recordkeeper
- ANGELO, GORDON & CO. — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $19,422,823
- Estimated Expense Ratio: 1.003% 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 | $21,762,537 | $14,210,986 | $423,700 | $359,185 | — |
| 2023 | $14,885,934 | $8,163,968 | $408,000 | $327,700 | — |
| 2022 | $14,640,971 | $8,352,378 | $420,535 | — | $1,506,420 |