# Joint Board Of Trustees Operating Engineers Local 324 DB Plan
Source: https://planprovider.pro/companies/joint-board-of-trustees-operating-engineers-local-324-plan-001

> Joint Board Of Trustees Operating Engineers Local 324's DB plan: 8,819 participants, plan year 2025 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2025.

## 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](https://planprovider.pro/provider/plante-and-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|

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