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
- 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. |
|---|---|---|---|---|
| 2025 | 8,819 | $1.9B | $0 | $0 |
| 2024 | 8,314 | $1.8B | $0 | $0 |
| 2023 | 7,993 | $1.6B | $0 | $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 |
|---|---|---|---|---|
| PLANTE & MORAN, PLLC | Auditor | $359,185 | — | $359,185 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PLANTE & MORAN, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $359,185
- Estimated Expense Ratio: 0.019% 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 |
|---|---|---|---|---|---|
| 2025 | $21,762,537 | $14,210,986 | $423,700 | $359,185 | — |
| 2024 | $14,885,934 | $8,163,968 | $408,000 | $327,700 | — |
| 2023 | $14,640,971 | $8,352,378 | $420,535 | — | $1,506,420 |