Money Purchase · DOL Form 5500 · 2022
Joint Board of Trustees, Operating Engineers Local 324, DC Money Purchase Plan
Data updated 2026-08-06
- $221M
- Total assets
- 7,312
- Participants
- 96th
- Percentile by assets
- $30,276
- Avg per participant
Official DOL plan name: Operating Engineers' Local 324, Defined Contribution Pension Plan · Sponsored by Joint Board of Trustees, Operating Engineers Local 324, DC · Michigan · Construction
$221M in assets, 7,312 participants
Joint Board of Trustees, Operating Engineers Local 324, DC's Operating Engineers' Local 324, Defined Contribution Pension Plan reported $221M in total assets and 7,312 participants in its 2022 DOL Form 5500 filing, ranking in the 96th 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.
- 96th percentile by assets (of 139,258 plans)
- #9,465 in Construction (9,938 peers)
Coverage in Michigan
Operating Engineers' Local 324, Defined Contribution Pension Plan covers 7,312 participants in Michigan, 12x the typical Michigan plan (state average ~632 per filing). Assets: $221M.
- $221M
- total plan assets (2022 EOY)
- 7,312
- covered participants
- 96th
- percentile by assets (of 139,258 plans)
- $30,276
- avg assets per participant
Participants vs Michigan filers
In Michigan, the average filing covers about 632 participants across 3,963 plans. Operating Engineers' Local 324, Defined Contribution Pension Plan reports 7,312 participants - 12x that state average ($221M EOY assets).
Michigan filing particulars
| Total Assets (Beginning of Year) | $221M |
|---|---|
| Net Assets (End of Year) | $221M |
| Net Income | $514K |
| Employer EIN | 383386104 |
| Plan Effective Date | 1997-05-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Joint Board of Trustees, Operating Engineers Local 324, DC)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 7,312 | $221M |
| 2023 | 1 | 7,464 | $237M |
| 2024 | 1 | 7,667 | $248M |
Nearby Money Purchase Plans in Michigan
Peer Money Purchase plans, same state, same plan type, ranked by total assets.
Operating Engineers' Local 324, Defined Contribution Pension Plan vs. nearby Money Purchase plans in Michigan, assets vs. participants
- Indiana/Kentucky/Ohio Regional Council of Carpenters Defined Contribution Pension Plan $856M · 30,438
- Michigan Regional Council of Carpenters' Annuity Fund $442M · 19,164
- Millwrights' Local 1102 Supplemental Pension Fund $280M · 2,541
- P & M Holding Group, LLP & Affiliated Entities Pension Plan $210M · 1,012
- Michigan Laborers' Annuity Fund $100M · 20,434
Scale composition for Operating Engineers' Local 324, Defined Contribution Pension Plan
Operating Engineers' Local 324, Defined Contribution Pension Plan reports $221M in end-of-year assets across 7,312 participants (0.002% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.008% of 89,805,449 covered participants) - about $30,276 per participant (22% of the national average assets-per-participant) . Net income for plan year 2022 was $514K.
This plan identity (EIN 383386104, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $221M to $248M (+11.9%) while covered participants moved from 7,312 to 7,667 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 7,312 | $221M | This page |
| 2023 | 7,464 | $237M | Open filing |
| 2024 · index core | 7,667 | $248M | Open filing |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- Operating Engineers' Local 324, Defined Contribution Pension Plan (Money Purchase, $248M, 7,667 participants)
Similar-Sized Money Purchase Plans Nationally
Money Purchase plans in other states closest to Operating Engineers' Local 324, Defined Contribution Pension Plan by total assets, not by location.
Frequently Asked Questions
How did Operating Engineers' Local 324, Defined Contribution Pension Plan assets move in 2022? ▼
How have Joint Board of Trustees, Operating Engineers Local 324, DC plan assets changed over time? ▼
Where does Operating Engineers' Local 324, Defined Contribution Pension Plan rank by assets among Form 5500 filers? ▼
Which Money Purchase plans are similar in size to Operating Engineers' Local 324, Defined Contribution Pension Plan? ▼
Next read for Operating Engineers' Local 324, Defined …
Filing takeaways
Ways to act on Operating Engineers' Local 324, Defined Contribution Pension Plan's numbers.
- By total assets, Operating Engineers' Local 324, Defined Contribution Pension Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Money Purchase plans in Michigan. Compare plans
- Joint Board of Trustees, Operating Engineers Local 324, DC's sponsor-wide assets have grown 11.9% since 2022 across 3 plan years on file. More Construction plans