INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 324 RETIREMENT TRUST FUND
Plan Contact
- Address: 700 TOWER DR., SUITE 300,TROY,MI
- Contact person: DOUGLAS STOCKWELL
- Phone: (248) 451-0324
Plan General Information
INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 324 RETIREMENT TRUST FUND Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 324 RETIREMENT TRUST FUND is $60,017,116.00.This plan was established in 1989.
INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 324 RETIREMENT TRUST FUND Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 324 RETIREMENT TRUST FUND is 1707
INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 324 RETIREMENT TRUST FUND Average Participant Retirement Account Value
In 2023, the average participant retirement account value for INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 324 RETIREMENT TRUST FUND is $35,159.00
INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 324 RETIREMENT TRUST FUND Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 324 RETIREMENT TRUST FUND is $930.00.
INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 324 RETIREMENT TRUST FUND Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 324 RETIREMENT TRUST FUND is approximately $2,956.00
Investing in this additonal $2,956.00 for 20 years would give you extra $189,239.00, assuming a 10% annual return.
Investing in this additonal $2,956.00 for 20 years would give you extra $189,239.00, assuming a 10% annual return.
INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 324 RETIREMENT TRUST FUND Total Employer Contribution and Match Rate
In 2023, INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 324 RETIREMENT TRUST FUND allocates $5,047,384.00 to match its employees' contributions, providing an employer match rate of 344.57% of their contributions
INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 324 RETIREMENT TRUST FUND Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 324 RETIREMENT TRUST FUND is 23.52%.
INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 324 RETIREMENT TRUST FUND Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 324 RETIREMENT TRUST FUND is 16.91%. This measures the effectiveness of the plan participants' investments in the year.
INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 324 RETIREMENT TRUST FUND Expense Ratio
In 2023, the investment and administrative expense ratio of INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 324 RETIREMENT TRUST FUND is 0.62%.
Enrollment Features
INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 324 RETIREMENT TRUST FUND has the following features:Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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