Plan Snapshot
- Plan Sponsor: Joint Board Of Trustees, Operating Engineers Local 324, Dc
- Sponsor EIN: 383386104
- Sponsor Address: 5600 NEW KING DRIVE, SUITE 330, TROY, MI, 48098
- Plan Type: DC
- Plan Number: 002
- Total Participants: 8,349
- Total Assets: $247.8M
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 | 8,349 | $247.8M | $14.6M | $0 |
| 2023 | 7,667 | $236.6M | $14.1M | $0 |
| 2022 | 7,464 | $221.4M | $13.0M | $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 |
|---|---|---|---|---|
| BLACKSTONE INFRA PARTNERS V FEEDER | Other Service Provider | $446,335 | — | $446,335 |
| PGIM | Other Service Provider | $371,709 | — | $371,709 |
| SIERRA INVESTMENT PARTNERS, INC. | Other Service Provider | $206,286 | — | $206,286 |
| THE BANK OF NEW YORK MELLON | Other Service Provider | $163,439 | — | $163,439 |
| PLANTE & MORAN, PLLC | Other Service Provider | $140,565 | — | $140,565 |
| EARNEST PARTNERS, LLC | Other Service Provider | $133,383 | — | $133,383 |
| PERMIRA ADVISORS LLP | Other Service Provider | $109,637 | — | $109,637 |
| SCHRODER INVESTMENT MANAGEMENT NA | Other Service Provider | $104,549 | — | $104,549 |
| WASHINGTON CAPITAL MANAGEMENT INC. | Other Service Provider | $97,983 | — | $97,983 |
| ALCENTRA EUROPEAN CREDIT OPP FD | Other Service Provider | $94,580 | — | $94,580 |
| HUDSON EDGE INVESTMENT PARTNERS INC | Other Service Provider | $90,976 | — | $90,976 |
| NATIONAL INVSTMNT SERV OF AMERICA | Other Service Provider | $83,649 | — | $83,649 |
| CRESCENT CAPITAL GROUP | Other Service Provider | $75,928 | — | $75,928 |
| THE LONDON COMPANY OF VIRGINIA, LLC | Other Service Provider | $71,902 | — | $71,902 |
| NOVARA TESIJA CATENACCI MCDONALD | Other Service Provider | $69,893 | — | $69,893 |
| SOLXSYS ADMINISTRATIVE SOLUTIONS | Other Service Provider | $68,944 | — | $68,944 |
| LINDSELL TRAIN LIMITED | Other Service Provider | $52,261 | — | $52,261 |
| NEPC, LLC | Recordkeeper | $45,991 | — | $45,991 |
| STEFANSKY, HOLLOWAY & NICHOLS, INC. | Other Service Provider | $44,926 | — | $44,926 |
| AMERICAN GRAPHICS PRINTING CO. | Other Service Provider | $37,531 | — | $37,531 |
| LOOMIS SAYLES TRUST COMPANY | Other Service Provider | $33,095 | — | $33,095 |
| MORGAN STANLEY | Recordkeeper | $32,557 | — | $32,557 |
| AXIOM INVESTORS, LLC | Other Service Provider | $24,354 | — | $24,354 |
| SEGAL SELECT INSURANCE SERVICES INC | Other Service Provider | — | $18,436 | $18,436 |
| WEISMAN, YOUNG & RUEMENAPP, P.C. | Other Service Provider | $17,334 | — | $17,334 |
| ASHERKELLY | Other Service Provider | $12,473 | — | $12,473 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NEPC, LLC — Recordkeeper
- MORGAN STANLEY — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,648,716
- Estimated Expense Ratio: 1.069% 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 | $2,727,473 | $2,147,783 | $67,550 | $140,565 | — |
| 2023 | $1,848,164 | $1,248,833 | $65,000 | $119,850 | — |
| 2022 | $1,697,564 | $1,219,822 | $72,989 | — | $185,357 |