Defined Benefit (Pension) · DOL Form 5500 · 2022
Joint Board of Trustees Operating Engineers Local 324 Pension Plan
Data updated 2026-08-11
- $1.6B
- Total assets
- 7,511
- Participants
- 99th
- Percentile by assets
- $217,231
- Avg per participant
Official DOL plan name: Operating Engineers' Local 324 Pension Fund · Sponsored by Joint Board of Trustees Operating Engineers Local 324 · Michigan · Construction
$1.6B in assets, 7,511 participants
Joint Board of Trustees Operating Engineers Local 324's Operating Engineers' Local 324 Pension Fund reported $1.6B in total assets and 7,511 participants in its 2022 DOL Form 5500 filing, ranking in the 99th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 99th percentile by assets (of 139,126 plans)
- #9,870 in Construction (9,927 peers)
Coverage in Michigan
Operating Engineers' Local 324 Pension Fund covers 7,511 participants in Michigan, 12x the typical Michigan plan (state average ~638 per filing). Assets: $1.6B.
- $1.6B
- total plan assets (2022 EOY)
- 7,511
- covered participants
- 99th
- percentile by assets (of 139,126 plans)
- $217,231
- avg assets per participant
The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs Michigan filers
In Michigan, the average filing covers about 638 participants across 4,220 plans. Operating Engineers' Local 324 Pension Fund reports 7,511 participants - 12x that state average ($1.6B EOY assets).
Michigan filing particulars
| Total Assets (Beginning of Year) | $1.6B |
|---|---|
| Net Assets (End of Year) | $1.6B |
| Net Income | -$2M |
| 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 Defined Benefit (Pension) Plans in Michigan
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Operating Engineers' Local 324 Pension Fund vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants
- General Motors Hourly-Rate Employees Pension Plan $40.2B · 18,766
- Ford Motor Company UAW Retirement Plan $19.3B · 27,567
- Ford Motor Company General Retirement Plan $13.4B · 11,760
- Dow Employees' Pension Plan $13.0B · 13,759
- Fca US LLC UAW Pension Agreement $8.6B · 14,563
Scale composition for Operating Engineers' Local 324 Pension Fund
Operating Engineers' Local 324 Pension Fund reports $1.6B in end-of-year assets across 7,511 participants (0.013% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.008% of 93,925,755 covered participants) - about $217,231 per participant (1.6x the national average assets-per-participant) . Net income for plan year 2022 was -$2M.
This plan identity (EIN 381900637, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.6B to $1.9B (+18.6%) while covered participants moved from 7,511 to 8,314 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 7,511 | $1.6B | This page |
| 2023 | 7,993 | $1.8B | Open filing |
| 2024 · index core | 8,314 | $1.9B | Open filing |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- Operating Engineers' Local 324 Pension Fund (Defined Benefit (Pension), $1.9B, 8,314 participants)
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Operating Engineers' Local 324 Pension Fund by total assets, not by location.
- Jefferson Defined Benefit Plan (PA) $1.6B · 7,255
- Bricklayers & Trowel Trades International Pension Fund (DC) $1.6B · 28,099
- Xpo Logistics Pension Plan (OR) $1.6B · 5,364
- Electrical Workers Pension Plan Local 103 I.B.E.W. (MA) $1.6B · 5,947
Frequently Asked Questions
How did Operating Engineers' Local 324 Pension Fund assets move in 2022? ▼
How have Joint Board of Trustees Operating Engineers Local 324 plan assets changed over time? ▼
Where does Operating Engineers' Local 324 Pension Fund rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Operating Engineers' Local 324 Pension Fund? ▼
Next read for Operating Engineers' Local 324 Pension F…
Filing takeaways
Ways to act on Operating Engineers' Local 324 Pension Fund's numbers.
- By total assets, Operating Engineers' Local 324 Pension Fund ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Michigan. Compare plans
- Joint Board of Trustees Operating Engineers Local 324's sponsor-wide assets have grown 18.6% since 2022 across 3 plan years on file. More Construction plans