Board of Trustees IUOE Local 324 Retirement Trust Fund

Form 5500 Data

Overview

Plan Rating

BrightScope Rating
51
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (23)
Average in Peer Group (66)
Highest in Peer Group (87)

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 51. This plan is in the top 35% of plans for Participation Rate. International Union of Operating Engineers Local 324 Retirement Trust Fund currently has over 1,000 active participants and over $27.7M in plan assets.

Did you know?

For the average 401k participant, the 36 point difference between this plan's BrightScope Rating (51) and the top rated plan (87) could equate to:
18
Additional years of work
224,688
Lost 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. How is this calculated?

Plan Details

Plan Details Relevant details about the plan and the plan sponsor, including the address and industry of the plan sponsor and the size of the plan in assets and participants.

 
Plan data accurate as of 12/31/2014
Plan data has been audited by an Independent Qualified Public Accountant (IQPA).
Address 500 Hulet Drive
  • Location
    Bloomfield Township , MI
  • 48302
  • Industry
    Finance and Insurance
  • Administrator
    Scott Hart
  • Net Plan Assets
    $27,700,000
  • Total Participants
    1,000
  • Avg Account Balance
    $29,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Highest
Company Generosity:
Average

Performance

Participation Rate:
Above Average
Salary Deferrals:
Below Avg.
Account Balance:
Below Avg.

Design

Total Plan Cost:
Highest
Company Generosity:
Average

Performance

Participation Rate:
Average
Salary Deferrals:
Poor
Account Balance:
Below Avg.
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Investments

Investment Menu Stats

# of Investment Options

43

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
Stadion Money Management Target Date Funds 75%
N/A
Lincoln Financial Stable Value 4%
N/A
Participant Loans 2%
N/A
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
View all funds in this plan

Providers

Plan Service Providers

SERVICE PROVIDER
Insurance Carrier
Lincoln Financial
Insurance Advisor/Broker
Ausdal Financial Partners, Inc.
Administration
Lincoln Financial
Recordkeeper
Lincoln Financial
Legal Counsel
Finkel Whitefield Selik
Investment Adviser
Retirement Solution Group, LLC
Recordkeeper
Retirement Solution Group, LLC
Auditor
Plante & Moran, PLLC

Articles and Questions

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