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Company:
Board of Trustees IUOE Local 324 Retirement Trust Fund
Plan:
International Union of Operating Engineers Local 324 Retirement Trust Fund
 

Board of Trustees IUOE Local 324 Retirement Trust Fund

48 Plan: International Union of Operating Engineers Local 324 Retirement Trust Fund

 
 
48
32
69
91
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 43 point difference between this plan's BrightScope Rating (48) and the top rated plan (91) could equate to:
[How is this calculated?]
23 additional years of work
Up to $192,800 in lost retirement savings.
The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer.

 

Retirement Plan Description

International Union of Operating Engineers Local 324 Retirement Trust Fund is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 48. This plan is in the top 35% of plans for Investment Menu Quality and Participation Rate. International Union of Operating Engineers Local 324 Retirement Trust Fund currently has over 900 active participants and over $21.6M in plan assets.


 Investment Menu Statistics

No. of Investment Options
30
Plan Average: 20
Largest Funds in this 401k: based on % allocation of assets
1. John Hancock Stable Value Fund 12%
2. John Hancock Funds II Lifestyle Growth 9%
3. John Hancock Funds II Lifestyle Balanced 9%

 Retirement Plan Details

Address 500 Hulet Drive
Bloomfield Township, MI 48302 
Industry Finance and Insurance
Administrator Scott Hart
Net Plan Assets $21,600,000
Total Participants 920
Avg Account Balance $25,000

  Plan Service Providers

Insurance Carrier John Hancock
Insurance Advisor/Broker Ausdal Financial partners, Inc.
Legal Counsel Sachs Waldman Pc
Recordkeeper John Hancock
Administration Retirement Solution Group, LLC
Auditor Plante & Moran, PLLC