Plan Ledger DOL Form 5500 · updated monthly

The Most Worshipful Grand Lodge of F & Am of Florida401(k)

THE MOST WORSHIPFUL GRAND LODGE F & AM OF FLORIDA EMPLOYEE PLAN AND TRUST · JACKSONVILLE, FL · plan year 2023

Reported admin expense ratio · 2023
0.10%

Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works

The Most Worshipful Grand Lodge of F & Am of Florida reported $2,134 in plan administrative expenses for 2023: 0.10% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,822 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.09% to 0.28%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Florida (3,061st of 3,644), and 9,856th of 11,911 in health care & social assistance. In 2023, the employer put in $1.55 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$2,223,208
Participants with balances121
Active participants59
Employer contributions$107,478
Employee contributions$69,450
Employer contribution per active participant$1,822
Average account balance$18,374
Benefits paid to participants$184,955
Plan auditQualified audit opinion
AuditorHOWARD & COMPANY CPAS, P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$2.1M · 80 accts · $88K emplr
2023$2.2M · 121 accts · $107K emplr
2022$1.9M · 118 accts · $106K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$1,316
Investment management$818
Total administrative$2,134
The The Most Worshipful Grand Lodge of F & Am of Florida 401(k) match · 2023
Employer contribution per active participant$1,822
Median for plans this size$1,308
2024$1,755 per active participant
2023$1,822 per active participant
2022$1,825 per active participant

The Most Worshipful Grand Lodge of F & Am of Florida's 2023 employer contribution ran above the $1,308 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
JOHN HANCOCK USA · Recordkeeping · Investment management$616
MILLENNIUM INVESTMENT · Investment advisory (participants)$747
NORTHSTAR FIDUCIARY PARTNERS · Investment advisory (participants)$71

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$6,073 · 0.28%
2023$2,134 · 0.10%
2022$2,233 · 0.09%
Similar plansHealth Care & Social Assistance · Florida
Agape Network, Inc. FL$2.3M · 0.06%
Broward House, Inc. FL$2.2M · 0.72%
Rehab Department, LLC FL$2.1M · 1.66%
Etairos Health, Inc. FL$2.1M · 0.59%

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Source: U.S. Department of Labor, Form 5500 series, EIN 590369358 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.