Joint Board of Trustees Operating Engineers Local 324 retirement plan: assets, participants and fees
What Joint Board of Trustees Operating Engineers Local 324's retirement plan plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Solxsys Administrative Solutions | Schedule C ↗ |
| Independent auditor | Plante & Moran, PLLC (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 57 pension plans in construction with 10,000 to 49,999 participants.
| Joint Board of Trustees Operating Engineers Local 324: employer contribution per participant | $8,325 | |
| Peer median | $6,151 |
| Joint Board of Trustees Operating Engineers Local 324: average balance | $90,160 | |
| Peer median | $107,788 |
| Joint Board of Trustees Operating Engineers Local 324: admin expenses ÷ assets | 1.17% | |
| Peer median | 0.47% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $1.8B at the end of plan year 2023 to $1.9B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 21,246 | $1.9B | $177M | $8,325 | 1.17% | Not published | Form 5500 ↗ |
| 2023 | 21,490 | $1.8B | $175M | $8,151 | 0.87% | Not published | Form 5500 ↗ |
Common questions
Does Joint Board of Trustees Operating Engineers Local 324 match 401(k) contributions?
The match terms for the Operating Engineers' Local 324 Pension Fund have not been published from its filing yet. The plan year 2024 filing reports $177M in employer contributions, about $8,325 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Joint Board of Trustees Operating Engineers Local 324 401(k) match vested?
The vesting schedule for the Operating Engineers' Local 324 Pension Fund is not in the data published so far. Your Summary Plan Description states it.
Who manages the Joint Board of Trustees Operating Engineers Local 324 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Solxsys Administrative Solutions. The plan administrator is Joint Board of Trustees Operating Engineers Local 324.
I left Joint Board of Trustees Operating Engineers Local 324. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Joint Board of Trustees Operating Engineers Local 324, (248) 641-4900) or the recordkeeper, Solxsys Administrative Solutions. The Joint Board of Trustees Operating Engineers Local 324 old 401(k) page lists the contacts from every plan filing. Find an old Joint Board of Trustees Operating Engineers Local 324 401(k)
Data from the public Form 5500 annual reports Joint Board of Trustees Operating Engineers Local 324 filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Joint Board of Trustees Operating Engineers Local 324. Not financial advice. Report a correction · Methodology