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Original filing (PDF)20251015100518NAL0004257809001
BOARD OF TRUSTEES IUOE LOCAL 324 RETIREMENT TRUST FUND
Form 5500
FILING_RECEIVED
INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 324 RETIREMENT TRUST FUND
401(k) retirement plan
Signals · 2
No recordkeeper disclosed8 service providers
Active participants
1,833
Accounts w/ balance
1,435
Plan assets (EOY)
$70.3M
Net assets (EOY)
$70.3M
How this plan invests
This plan
1 pooled trust
Schedule D
30 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
89
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
100
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- 51 bps in Schedule C fees — 218% above peer band of 16 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for BOARD OF TRUSTEES IUOE LOCAL 324 RETIREMENT TRUST FUND.
Plan sponsor
Name
BOARD OF TRUSTEES IUOE LOCAL 324 RETIREMENT TRUST FUND
EIN
38-3685356
Address
700 TOWER DR., SUITE 300 · TROY, MI · 48098
Phone
(248) 451-0324
Industry
Constructionsee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
001
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-15
Pension benefit codes
2E · Profit-sharing
2F · ERISA section 404(c)
2G · Total participant-directed accounts
2J · 401(k) feature
2K · 401(m) arrangement
2T · Default investment account (QDIA)
Audit & trust (Schedule H)
Auditor
PLANTE & MORAN, PLLC
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
8 rowsOther
8| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| LINCOLN NATIONAL CORPORATION | 35-0472300 | — | NONE KNOWN | $82K | — |
| PLANTE & MORAN, PLLC | 33-1498605 | — | NONE KNOWN | $73K | — |
| NEPC, LLC | 26-1429809 | — | NONE KNOWN | $73K | — |
| BENESYS | 38-2383171 | — | NONE KNOWN | $52K | — |
| STEFANSKY, HOLLOWAY & NICHOLS, INC. | 38-2388845 | — | NONE KNOWN | $31K | — |
| ASHERKELLY | — | SOUTHFIELD, MI | NONE KNOWN | $21K | — |
| WEISMAN, YOUNG & RUEMENAPP, P.C. | 38-2590458 | — | NONE KNOWN | $19K | — |
| WATKINS PAWLICK CALATI & PRIFTI PC | 83-2893229 | — | NONE KNOWN | $5K | — |
Investments
29 direct securities · 1 pooled fund· $69.1M(98% of reported assets)
Rows tagged as a trust or pooled fund hold many underlying securities. Their holdings are itemized on each fund’s own Form 5500.
Uncategorized
$69.0M
29 holdings
Pooled Separate Account
$17K
1 holding
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Vanguard Target Retirement 2030 Investor Shares | — | — | — | $11.0M | 15.6% | |
| Vanguard Target Retirement 2025 Investor Shares | — | — | — | $6.8M | 9.6% | |
| Vanguard Target Retirement 2020 Investor Shares | — | — | — | $6.0M | 8.6% | |
| Vanguard Target Retirement 2040 Investor Shares | — | — | — | $5.6M | 8.0% | |
| Vanguard Target Retirement 2035 Investor Shares | — | — | — | $5.3M | 7.6% | |
| Vanguard Target Retirement 2050 Investor Shares | — | — | — | $5.1M | 7.2% | |
| Vanguard Target Retirement 2055 Investor Shares | — | — | — | $4.2M | 6.0% | |
| Lincoln Financial Group Trust Company, Inc. ** Vanguard 500 Index Admiral Class | — | — | — | $4.1M | 5.8% | |
| Vanguard Target Retirement 2045 Investor Shares | — | — | — | $3.7M | 5.2% | |
| Vanguard Target Retirement Income Investor Shares | — | — | — | $3.1M | 4.3% | |
| Fidelity Blue Chip Growth K6 | — | — | — | $2.6M | 3.6% | |
| Vanguard Target Retirement 2060 Investor Shares | — | — | — | $2.5M | 3.5% | |
| Vanguard Growth Index Admiral Shares | — | — | — | $2.0M | 2.9% | |
| Lincoln National Life Insurance Company Fixed annuity contract - Lincoln Stable Value Fund | — | — | — | $1.2M | 1.7% | |
| Vanguard Mid Cap Index Admiral Shares | — | — | — | $1.0M | 1.5% | |
| Vanguard Value Index Admiral Shares | — | — | — | $918K | 1.3% | |
| Vanguard Small Cap Index Admiral Shares | — | — | — | $724K | 1.0% | |
| Vanguard Developed Markets Index Admiral Shares | — | — | — | $412K | 0.6% | |
| Artisan Small Cap Institutional Shares | — | — | — | $408K | 0.6% | |
| American Funds Moderate Growth And Income Class R6 | — | — | — | $378K | 0.5% | |
| Vanguard Target Retirement 2065 Investor Shares | — | — | — | $365K | 0.5% | |
| Mfs International Intrinsic Value Class R6 | — | — | — | $331K | 0.5% | |
| Vanguard Total Bond Market Index Admiral Shares | — | — | — | $260K | 0.4% | |
| Baillie Gifford International Growth Class K | — | — | — | $255K | 0.4% | |
| American Beacon The London Company Income Equity Institutional Class | — | — | — | $227K | 0.3% | |
| to 9.5 percent - | — | — | — | $215K | 0.3% | |
| Macquarie Small Cap Value | — | — | — | $151K | 0.2% | |
| John Hancock Income Class R6 | — | — | — | $132K | 0.2% | |
| BlackRock Inflation Protected Bond Class K | — | — | — | $53K | <0.1% | |
| LINCOLN PATHBUILDER INCOME LINCOLN FINANCIAL GROUP · EIN 35-0472300 / PN 000 | Pooled Separate Account | — | — | $17K | <0.1% |