Money Purchase · DOL Form 5500 · 2022
Joint Board of Trustees, Operating Engineers Local 324, DC Money Purchase Plan
Data updated 2026-08-25
- $221M
- Total assets Near avg plan size
- 7,312
- Participants Very large workforce
- 96th
- Percentile by assets National rank
- $30,276
- Avg per participant Low balance/head
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.
- #9,454 in Construction (9,927 peers)
Coverage in Michigan
Operating Engineers' Local 324, Defined Contribution Pension Plan covers 7,312 participants in Michigan, 11x the typical Michigan plan (state average ~638 per filing). Assets: $221M.
- #9,454
- in Construction (9,927 peers)
- +0.3%
- assets growth YoY
- 2.2×
- vs typical plan assets (national mean)
Operating Engineers' Local 324, Defined Contribution Pension Plan's outsized position by total assets
Operating Engineers' Local 324, Defined Contribution Pension Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$221,377,445 Top 4% higher than 96% 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, Defined Contribution Pension Plan'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, Defined Contribution Pension Plan lands in the large band (7,312 participants).
Plan-year Form 5500 strip
Filing strip 383386104 · Joint Board of Trustees, Operating Engineers Local 324, DC PY 2022 · Money Purchase
Operating Engineers' Local 324, Defined Contribution Pension Plan · $221M · 7,312 · 96th
- EIN $221M
- RANK 7,312
- PHOTO 96th
- IND Money Purchase
- EOY near Src, Inc. Qualified Retirement Plan
- 5500 ind #9454
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, Defined Contribution Pension Plan in the asset neighbourhood
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)
Sponsor-wide plan assets over time
All Joint Board of Trustees, Operating Engineers Local 324, DC plans reported in each filing year
- Latest sponsor-wide plan assets
- $248M 11.93168933718609% vs 2022
- 2024 filing year
| 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.
- 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 $12.3T held by all Form 5500 filers in the national rollup , and 0.008% of 93,925,755 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)
Operating Engineers' Local 324, Defined Contribution Pension Plan's out-of-state Money Purchase peers by assets and headcount
Outside Michigan, the nearest Money Purchase by assets is Src, Inc. Qualified Retirement Plan in NY ($220M); by covered participants it is Presbyterian Homes and Services Employees Retirement Savings and Investment Plan in MN (7,298 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($221M here).
Similar participant headcount
Nearest other-state filings by covered participants (7,312 participants); asset peers above are excluded.
- Presbyterian Homes and Services Employees Retirement Savings and Investment Plan (MN) 7,298 · 14 off
- Unite Here! Local 54 Severance Fund (NJ) 7,408 · 96 off
- Kaiser Permanente Washington Defined Contribution Plan (CA) 7,075 · 237 off
- Seafarers Money Purchase Pension Plan (MD) 7,557 · 245 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.