# Joint Board Of Trustees Operating Engineers' Local 324 Retiree Ben Fd Health & Welfare Plan
Source: https://planprovider.pro/companies/joint-board-of-trustees-operating-engineers-local-324-retiree-ben-fd-382342972-501

> Joint Board Of Trustees Operating Engineers' Local 324 Retiree Ben Fd's Health & Welfare plan: 6,681 participants, plan year 2024 financials, providers, and…

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Joint Board Of Trustees Operating Engineers' Local 324 Retiree Ben Fd

- **Sponsor EIN:** 382342972

- **Sponsor Address:** 500 HULET DRIVE, BLOOMFIELD TWP, MI, 48302

- **Plan Type:** Health & Welfare

- **Plan Number:** 501

- **Total Participants:** 6,681

- **Total Assets:** $3.2M

## 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|6,681|$3.2M|$5.0M|$0|

| 2023|6,865|$3.1M|$4.8M|$0|

| 2022|6,814|$2.9M|$4.4M|$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|$24,041|—|$24,041|

| PLANTE & MORAN, PLLC|Other Service Provider|$18,020|—|$18,020|

| ZENWORK|Other Service Provider|$8,987|—|$8,987|

| AMERICAN GRAPHICS PRINTING CO.|Other Service Provider|$5,843|—|$5,843|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $56,891

- **Estimated Expense Ratio:** 1.774% 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|$75,708|—|$24,000|$18,020|—|

| 2023|$75,029|—|$24,000|$13,850|—|

| 2022|$77,005|—|$24,000|—|$22,148|

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