401(k) · DOL Form 5500 · 2023
Board of Trustees Iuoe Local 324 Retirement Trust Fund 401(k) Plan
Data updated 2026-08-25
- $60M
- Total assets Below avg plan size
- 1,672
- Participants Near avg headcount
- 87th
- Percentile by assets National rank
- $35,895
- Avg per participant Low balance/head
Official DOL plan name: International Union of Operating Engineers Local 324 Retirement Trust Fund · Sponsored by Board of Trustees Iuoe Local 324 Retirement Trust Fund · Michigan · Construction
$60M in assets, 1,672 participants
Board of Trustees Iuoe Local 324 Retirement Trust Fund's International Union of Operating Engineers Local 324 Retirement Trust Fund reported $60M in total assets and 1,672 participants in its 2023 DOL Form 5500 filing, ranking in the 87th 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.
- #7,700 in Construction (9,030 peers)
Coverage in Michigan
International Union of Operating Engineers Local 324 Retirement Trust Fund covers 1,672 participants in Michigan, 2.6x the typical Michigan plan (state average ~638 per filing). Assets: $60M.
- #7,700
- in Construction (9,030 peers)
- +23.5%
- assets growth YoY
- 0.6×
- vs typical plan assets (national mean)
International Union of Operating Engineers Local 324 Retirement Trust Fund's outsized position by total assets
International Union of Operating Engineers Local 324 Retirement Trust Fund vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$60,017,116 Top 13% higher than 87% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
International Union of Operating Engineers Local 324 Retirement Trust Fund's large-plan peer group by participant headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. International Union of Operating Engineers Local 324 Retirement Trust Fund lands in the large band (1,672 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- International Union of Operating Engineers Local 324 Retirement Trust Fund reported net income rose from -$8M in the plan year 2022 filing to $11M in the plan year 2023 filing.
- International Union of Operating Engineers Local 324 Retirement Trust Fund end-of-year assets rose from $49M in the plan year 2022 filing to $60M in the plan year 2023 filing.
- International Union of Operating Engineers Local 324 Retirement Trust Fund reported participants rose from 1,550 in the plan year 2022 filing to 1,672 in the plan year 2023 filing.
Plan-year Form 5500 strip
Filing strip 383685356 · Board of Trustees Iuoe Local 324 Retirement Trust Fund PY 2023 · 401(k)
International Union of Operating Engineers Local 324 Retirement Trust Fund · $60M · 1,672 · 87th
- ASSETS $60M
- PCT 1,672
- EIN 87th
- RANK 401(k)
- PHOTO near Uap Clinic Retirement Plan
- IND ind #7700
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 →
International Union of Operating Engineers Local 324 Retirement Trust Fund in the asset neighbourhood
Michigan filing particulars
| Total Assets (Beginning of Year) | $49M |
|---|---|
| Net Assets (End of Year) | $60M |
| Net Income | $11M |
| Employer EIN | 383685356 |
| Plan Effective Date | 1989-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Board of Trustees Iuoe Local 324 Retirement Trust Fund)
Sponsor-wide plan assets over time
All Board of Trustees Iuoe Local 324 Retirement Trust Fund plans reported in each filing year
- Latest sponsor-wide plan assets
- $70M 44.7548894873008% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 1,550 | $49M |
| 2023 | 1 | 1,672 | $60M |
| 2024 | 1 | 1,692 | $70M |
Nearby 401(k) Plans in Michigan
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- General Motors Retirement Savings Plan for Salaried Employees in the United States $20.4B · 47,299
- Ford Motor Co. Savings and Stock Investment Plan for Salaried Employees $15.6B · 30,516
- The Dow Chemical Company Employees' Savings Plan $10.1B · 18,088
- The General Motors Personal Savings Plan for Hourly-Rate Employees in the United States $8.6B · 40,393
- Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees $7.6B · 59,195
International Union of Operating Engineers Local 324 Retirement Trust Fund's out-of-state 401(k) peers by assets and headcount
Outside Michigan, the nearest 401(k) by assets is Uap Clinic Retirement Plan in IN ($60M); by covered participants it is Lifeworks (US) Ltd. 401(k) Savings Plan in MA (1,672 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($60M here).
Similar participant headcount
Nearest other-state filings by covered participants (1,672 participants); asset peers above are excluded.
- Lifeworks (US) Ltd. 401(k) Savings Plan (MA) 1,672 · 0 off
- Koons Automotive Group Retirement Savings Plan (VA) 1,673 · 1 off
- The Sheehy Organization 401(k) Savings Plan (VA) 1,671 · 1 off
- Pnw Healthcare Holdings, LLC 401(k) Plan (WA) 1,671 · 1 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.