Defined Benefit (Pension) · DOL Form 5500 · 2022
Joint Board of Trustees Operating Engineers Local 324 Pension Plan
Data updated 2026-08-25
- $1.6B
- Total assets Very large vs avg
- 7,511
- Participants Very large workforce
- 99th
- Percentile by assets National rank
- $217,231
- Avg per participant Above avg balance/head
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.
- #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.
- #9,870
- in Construction (9,927 peers)
- -0.2%
- assets change YoY
- 16×
- vs typical plan assets (national mean)
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.
Operating Engineers' Local 324 Pension Fund's outsized position by total assets
Operating Engineers' Local 324 Pension Fund vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$1,631,620,396 Top 1% higher than 99% of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
Operating Engineers' Local 324 Pension Fund's large-plan peer group by participant headcount
Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Operating Engineers' Local 324 Pension Fund lands in the large band (7,511 participants).
DOL schedule card
Filing strip 381900637 · Joint Board of Trustees Operating Engineers Local 324 PY 2022 · Defined Benefit (Pension)
Operating Engineers' Local 324 Pension Fund · $1.6B · 7,511 · 99th
- PHOTO $1.6B
- IND 7,511
- EOY 99th
- 5500 Defined Benefit (Pension)
- ASSETS near Jefferson Defined Benefit Plan
- PCT ind #9870
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Construction retirement plans → · Plans in Michigan →
Operating Engineers' Local 324 Pension Fund in the asset neighbourhood
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)
Sponsor-wide plan assets over time
All Joint Board of Trustees Operating Engineers Local 324 plans reported in each filing year
- Latest sponsor-wide plan assets
- $1.9B 18.636400093150097% vs 2022
- 2024 filing year
| 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.
- 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)
Operating Engineers' Local 324 Pension Fund's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside Michigan, the nearest Defined Benefit (Pension) by assets is Jefferson Defined Benefit Plan in PA ($1.6B); by covered participants it is Laboratory Corporation of America Holdings Cash Balance Retirement Plan in NC (7,513 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($1.6B here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (7,511 participants); asset peers above are excluded.
- Laboratory Corporation of America Holdings Cash Balance Retirement Plan (NC) 7,513 · 2 off
- Smithfield Foods Hourly Pension Plan (VA) 7,506 · 5 off
- Adm Retirement Plan (IL) 7,527 · 16 off
- SEIU Local No. 4 Pension Fund (IL) 7,557 · 46 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.