# Joint Board Of Trustees Operating Engineers Local 324 401(k) Plan
Source: https://planprovider.pro/companies/joint-board-of-trustees-operating-engineers-local-324-386195525-501

> Joint Board Of Trustees Operating Engineers Local 324's 401(k) plan: 8,515 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:** 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|

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