OPERATING ENGINEERS' LOCAL 324 PENSION FUND
ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.
JOINT BOARD OF TRUSTEES OPERATING ENGINEERS LOCAL 324
This Other plan holds $1.6B in total assets and serves 7,511 participants as of 2022. It is sponsored by JOINT BOARD OF TRUSTEES OPERATING ENGINEERS LOCAL 324 in Michigan. The plan reported a net loss of $2M for the year.
What the Filing Says About OPERATING ENGINEERS' LOCAL 324 PENSION FUND
OPERATING ENGINEERS' LOCAL 324 PENSION FUND is a Other retirement plan sponsored by JOINT BOARD OF TRUSTEES OPERATING ENGINEERS LOCAL 324, headquartered in Michigan. As of the 2022 Form 5500 filing, the plan reports $1.6B in total end-of-year assets and covers 7,511 participants across the Construction industry. The sponsor's EIN on file with the U.S. Department of Labor is 381900637, and the plan has been effective since 1957-04-15. Its filing status is currently FILING RECEIVED.
Year over year, total assets moved from $1.6B at the beginning of 2022 to $1.6B at year-end — a decline of 0.2%. Net assets (after liabilities) closed the year at $1.6B, with reported net income of $-1,851,304 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.
Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.
Financial Summary (2023)
| Total Assets (Beginning of Year) | $1.6B |
| Total Assets (End of Year) | $1.6B |
| Net Assets (End of Year) | $1.6B |
| Net Income | $-1,851,304 |
| Plan Type | Other |
| Employer EIN | 381900637 |
| Plan Effective Date | 1957-04-15 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (JOINT BOARD OF TRUSTEES OPERATING ENGINEERS LOCAL 324)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 7,511 | $1.6B |
| 2023 | 1 | 7,993 | $1.8B |
| 2024 | 1 | 8,314 | $1.9B |
Nearby Other Plans in Michigan
Peer Other plans — same state, same plan type — ranked by total assets.
- GENERAL MOTORS HOURLY-RATE EMPLOYEES PENSION PLAN $44.8B · 17,959
- FCA US LLC UAW PENSION AGREEMENT $11.2B · 13,635
- FCA US LLC PENSION PLAN $4.1B · 2,903
- OHIO CARPENTERS' PENSION PLAN $2.2B · 10,351
- OPERATING ENGINEERS' LOCAL 324 PENSION FUND $1.8B · 7,993
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Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.
Source: DOL EFAST2 filing system (efast.dol.gov) — original filing retrieval by EIN 381900637.
Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.
Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.
Read our methodology — how this data is sourced, computed, and verified.