Money Purchase · DOL Form 5500 · 2024
Joint Board of Trustees, Operating Engineers Local 324, DC Money Purchase Plan
Data updated 2026-08-25
- $248M
- Total assets Near avg plan size
- 7,667
- Participants Very large workforce
- 95th
- Percentile by assets National rank
- $32,319
- 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
$248M in assets, 7,667 participants
Joint Board of Trustees, Operating Engineers Local 324, DC's Operating Engineers' Local 324, Defined Contribution Pension Plan reported $248M in total assets and 7,667 participants in its 2024 DOL Form 5500 filing, ranking in the 95th 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.
- #8,529 in Construction (9,039 peers)
Coverage in Michigan
Operating Engineers' Local 324, Defined Contribution Pension Plan covers 7,667 participants in Michigan, 12x the typical Michigan plan (state average ~638 per filing). Assets: $248M.
- #8,529
- in Construction (9,039 peers)
- +4.7%
- assets growth YoY
- 2.5×
- 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 2024 · DOL Form 5500
$247,791,514 Top 5% higher than 95% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Operating Engineers' Local 324, Defined Contribution Pension Plan's large-plan peer group by participant headcount
Plan-year 2024 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 (7,667 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Operating Engineers' Local 324, Defined Contribution Pension Plan reported net income fell from $15M in the plan year 2023 filing to $11M in the plan year 2024 filing.
- Operating Engineers' Local 324, Defined Contribution Pension Plan end-of-year assets rose from $237M in the plan year 2023 filing to $248M in the plan year 2024 filing.
- Operating Engineers' Local 324, Defined Contribution Pension Plan reported participants rose from 7,464 in the plan year 2023 filing to 7,667 in the plan year 2024 filing.
Plan-year Form 5500 strip
Filing strip 383386104 · Joint Board of Trustees, Operating Engineers Local 324, DC PY 2024 · Money Purchase
Operating Engineers' Local 324, Defined Contribution Pension Plan · $248M · 7,667 · 95th
- PART $248M
- TYPE 7,667
- NET 95th
- BOOK Money Purchase
- VS-ST near Mo-Kan Iron Workers Annuity Fund
- BOY ind #8529
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) | $237M |
|---|---|
| Net Assets (End of Year) | $248M |
| Net Income | $11M |
| 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.
- Central Midwest Regional Council of Carpenters Defined Contribution Pension Plan $1.6B · 35,197
- Michigan Regional Council of Carpenters' Annuity Fund $531M · 17,855
- P & M Holding Group, LLP & Affiliated Entities Pension Plan $250M · 1,182
- Michigan Laborers' Annuity Fund $129M · 4,355
- Michiana Area Electrical Workers' Money Purchase Plan $124M · 782
Scale composition for Operating Engineers' Local 324, Defined Contribution Pension Plan
Operating Engineers' Local 324, Defined Contribution Pension Plan reports $248M in end-of-year assets across 7,667 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 $32,319 per participant (23% of the national average assets-per-participant) . Net income for plan year 2024 was $11M.
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 | Open filing |
| 2023 | 7,464 | $237M | Open filing |
| 2024 · index core | 7,667 | $248M | This page |
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 Mo-Kan Iron Workers Annuity Fund in MO ($247M); by covered participants it is Iron Workers District Council of New England Annuity Fund in MA (7,659 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($248M here).
- Mo-Kan Iron Workers Annuity Fund (MO) $247M · 1,662
- Alaska Electrical Retirement Savings Plan (AK) $246M · 2,528
- Noblis, Inc. Qualified Retirement Plan (VA) $246M · 2,434
- Carnegie Institution of Washington Retirement Plan (DC) $242M · 514
Similar participant headcount
Nearest other-state filings by covered participants (7,667 participants); asset peers above are excluded.
- Iron Workers District Council of New England Annuity Fund (MA) 7,659 · 8 off
- Kaiser Permanente Washington Defined Contribution Plan (CA) 7,774 · 107 off
- City of Hope National Medical Center Defined Contribution Retirement Plan (CA) 7,461 · 206 off
- Occidental Petroleum Corporation Retirement Plan (TX) 7,877 · 210 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.