Money Purchase · DOL Form 5500 · 2024
Joint Board of Trustees, Operating Engineers Local 324, DC Money Purchase Plan
Data updated 2026-08-06
- $248M
- Total assets
- 7,667
- Participants
- 95th
- Percentile by assets
- $32,319
- 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
$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.
- 95th percentile by assets (of 116,472 plans)
- #7,900 in Construction (8,304 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 ~632 per filing). Assets: $248M.
- $248M
- total plan assets (2024 EOY)
- 7,667
- covered participants
- 95th
- percentile by assets (of 116,472 plans)
- $32,319
- avg assets per participant
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.
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 7,667 participants - 12x that state average ($248M EOY assets).
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)
| 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
- Michigan Regional Council of Carpenters' Annuity Fund $531M · 17,855
- Michiana Area Electrical Workers' Money Purchase Plan $124M · 782
- Monroe Plumbers & Pipefitters Local 671 Retirement Plan and Trust $61M · 292
- Kalamazoo County Sheriff's Deputies Association Money Purchase Pension Plan $51M · 193
- Roofers Union Local No. 70 Pension Plan $48M · 413
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 $11.6T held by all Form 5500 filers in the national rollup , and 0.009% of 89,805,449 covered participants) - about $32,319 per participant (24% 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 |
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.
- 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
- Rhode Island Laborers Annuity Fund (RI) $255M · 9,172
Frequently Asked Questions
How did Operating Engineers' Local 324, Defined Contribution Pension Plan assets move in 2024? ▼
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