# Joint Board Of Trustees Operating Engineers Local 324 DB Plan Source: https://planprovider.pro/companies/joint-board-of-trustees-operating-engineers-local-324-381900637-001 > Joint Board Of Trustees Operating Engineers Local 324's DB plan: 8,819 participants, plan year 2024 financials, providers, and benchmarks from Form 5500. Form 5500 filing data for plan year 2024. ## 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](https://planprovider.pro/provider/milliman) — Recordkeeper - [ANGELO, GORDON & CO.](https://planprovider.pro/provider/russell-investments) — 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| ## Similar Plans - [Board Of Trustees Michigan Laborers' Pension Fund](https://planprovider.pro/companies/board-of-trustees-michigan-laborers-pension-fund-plan) — 9,786 participants - [Joint Board Of Trustees Operating Engineers Local 324](https://planprovider.pro/companies/joint-board-of-trustees-operating-engineers-local-324-386195525-501) — 8,515 participants - [Joint Board Of Trustees, Operating Engineers Local 324, Dc](https://planprovider.pro/companies/joint-board-of-trustees-operating-engineers-local-324-dc-383386104-002) — 8,349 participants - [Joint Board Of Trustees, Operating Engineers Local 324](https://planprovider.pro/companies/joint-board-of-trustees-operating-engineers-local-324-381940673-501) — 8,096 participants - [Joint Board Of Trustees Operating Engineers' Local 324 Retiree Ben Fd](https://planprovider.pro/companies/joint-board-of-trustees-operating-engineers-local-324-retiree-ben-fd-382342972-501) — 6,681 participants - [Board Of Trustees, Michigan Laborers' Annuity Fund](https://planprovider.pro/companies/board-of-trustees-michigan-laborers-annuity-fund-plan) — 4,355 participants [View full interactive plan profile on 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