Plan Snapshot
- Plan Sponsor: Joint Board Of Trustees Operating Engineers Local 324
- Sponsor EIN: 386195525
- Sponsor Address: 5600 NEW KING STREET, SUITE 330, TROY, MI, 48098
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 8,515
- Total Assets: $34.3M
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 | 8,515 | $34.3M | $79.8M | $0 |
| 2023 | 8,222 | $30.8M | $74.0M | $0 |
| 2022 | 7,722 | $26.7M | $65.7M | $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 |
|---|---|---|---|---|
| SOLXSYS ADMINISTRATIVE SOLUTIONS | Other Service Provider | $43,267 | — | $43,267 |
| STEFANSKY, HOLLOWAY & NICHOLS, INC. | Other Service Provider | $26,405 | — | $26,405 |
| PLANTE & MORAN, PLLC | Other Service Provider | $19,470 | — | $19,470 |
| SEGAL SELECT INSURANCE SERVICES INC | Other Service Provider | — | $18,436 | $18,436 |
| ASHERKELLY | Other Service Provider | $14,762 | — | $14,762 |
| WEISMAN, YOUNG & RUEMENAPP, P.C. | Other Service Provider | $9,673 | — | $9,673 |
| AMERICAN GRAPHICS PRINTING CO. | Other Service Provider | $5,497 | — | $5,497 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $137,510
- Estimated Expense Ratio: 0.401% 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 | $188,578 | — | $41,647 | $19,470 | — |
| 2023 | $188,042 | — | $44,400 | $23,000 | — |
| 2022 | $177,406 | — | $45,451 | — | $68,018 |