Plan Snapshot
- Plan Sponsor: Joint Board Of Trustees, Operating Engineers Local 324
- Sponsor EIN: 381940673
- Sponsor Address: 5600 NEW KING STREET, SUITE 330, TROY, MI, 48098
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 8,096
- Total Assets: $147.9M
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 | 8,096 | $147.9M | $144.4M | $19.5M |
| 2023 | 7,813 | $136.6M | $135.4M | $20.0M |
| 2022 | 7,534 | $124.8M | $125.3M | $20.1M |
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 |
|---|---|---|---|---|
| BLUE CROSS BLUE SHIELD OF MICHIGAN | Other Service Provider | $2,810,381 | — | $2,810,381 |
| DELTA DENTAL OF MICHIGAN | Other Service Provider | $395,234 | — | $395,234 |
| SOLXSYS ADMINISTRATIVE SOLUTIONS | Other Service Provider | $366,149 | — | $366,149 |
| PLANTE & MORAN, PLLC | Other Service Provider | $314,310 | — | $314,310 |
| OPTUM RX INC. | Other Service Provider | $245,464 | — | $245,464 |
| STEFANSKY, HOLLOWAY & NICHOLS, INC. | Other Service Provider | $209,387 | — | $209,387 |
| WEISMAN, YOUNG & RUEMENAPP, P.C. | Other Service Provider | $165,131 | — | $165,131 |
| BENEFITS PARTNER LLC DBA SALUS GRP | Other Service Provider | $111,000 | — | $111,000 |
| DIANE E PIZZO | Other Service Provider | $96,944 | — | $96,944 |
| AMERICAN GRAPHICS PRINTING CO. | Other Service Provider | $86,102 | — | $86,102 |
| STEPHANIE LUPA | Other Service Provider | $72,975 | — | $72,975 |
| DOMINIQUE POLICICCHIO | Other Service Provider | $62,434 | — | $62,434 |
| ASHER KELLY | Other Service Provider | $55,271 | — | $55,271 |
| MORGAN OTTENBACHER | Other Service Provider | $55,004 | — | $55,004 |
| NATIONAL INVSTMNT SERVICES OF AMER | Other Service Provider | $51,526 | — | $51,526 |
| KRISTIN KINGSLEY | Other Service Provider | $51,278 | — | $51,278 |
| ALEXANDRA SPITTLE | Other Service Provider | $47,607 | — | $47,607 |
| SHAYVEON GISSENDANNER | Other Service Provider | $46,210 | — | $46,210 |
| EMILY M WEEKS | Other Service Provider | $40,034 | — | $40,034 |
| BRIAN TATMAN | Other Service Provider | $38,044 | — | $38,044 |
| BRIAN GANTON | Other Service Provider | $37,912 | — | $37,912 |
| CHADWICK CAPANDA | Other Service Provider | $34,383 | — | $34,383 |
| NOVARA TESIJA CATENACCI MCDONALD & | Other Service Provider | $31,023 | — | $31,023 |
| ZENWORK, INC. | Other Service Provider | $26,314 | — | $26,314 |
| CONSTRUCTION INDUSTRY RESOURCES INC | Other Service Provider | $23,525 | — | $23,525 |
| BOYD WATTERSON ASSET MANAGEMENT LLC | Other Service Provider | $22,637 | — | $22,637 |
| NEPC, LLC | Recordkeeper | $21,210 | — | $21,210 |
| UNITED ACTUARIAL SERVICES, INC. | Other Service Provider | $20,050 | — | $20,050 |
| EBIX INC. | Other Service Provider | $19,046 | — | $19,046 |
| SEGAL SELECT INSURANCE SERVICES INC | Other Service Provider | — | $18,573 | $18,573 |
| THE BANK OF NEW YORK MELLON | Other Service Provider | $17,878 | — | $17,878 |
| CANCER NAVIGATORS, INC. | Other Service Provider | $15,500 | — | $15,500 |
| QUADIENT, INC. | Other Service Provider | $10,171 | — | $10,171 |
| MADDIN, HAUSER, ROTH & HELLER | Other Service Provider | $9,243 | — | $9,243 |
| CORRIGAN RECORD STORAGE, LLC | Other Service Provider | $8,487 | — | $8,487 |
| JPMORGAN CHASE BANK, N.A. | Recordkeeper | $7,834 | — | $7,834 |
| U.S. BANK NATIONAL ASSOCIATION | Recordkeeper | $7,479 | — | $7,479 |
| PAYCHEX OF NEW YORK LLC | Other Service Provider | $6,354 | — | $6,354 |
| MICHAEL RICHARD ROLL | Other Service Provider | $5,159 | — | $5,159 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NEPC, LLC — Recordkeeper
- JPMORGAN CHASE BANK, N.A. — Recordkeeper
- U.S. BANK NATIONAL ASSOCIATION — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $5,663,263
- Estimated Expense Ratio: 3.829% 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 | $6,599,113 | $74,962 | $3,797,215 | $314,310 | — |
| 2023 | $6,262,496 | $108,168 | $3,693,923 | $168,525 | — |
| 2022 | $5,609,802 | $111,395 | $3,182,758 | — | $698,242 |