Retirement plan

THE MOST WORSHIPFUL GRAND LODGE F & AM OF FLORIDA EMPLOYEE PLAN AND TRUST

Name: THE MOST WORSHIPFUL GRAND LODGE OF F & AM OF FLORIDA - THE MOST WORSHIPFUL GRAND LODGE F & AM OF FLORIDA EMPLOYEE PLAN AND TRUST (2023) Form 5500
Creator: THE MOST WORSHIPFUL GRAND LODGE OF F & AM OF FLORIDA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE MOST WORSHIPFUL GRAND LODGE F & AM OF FLORIDA EMPLOYEE PLAN AND TRUST, THE MOST WORSHIPFUL GRAND LODGE OF F & AM OF FLORIDA

THE MOST WORSHIPFUL GRAND LODGE OF F & AM OF FLORIDAEIN 59-0369358Plan #001PY 2023

220 NORTH OCEAN STREET - JACKSONVILLE, FL 32202904-354-2339LinkedIn51-200 employeesbanking

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$2.2M

+14.6% from 2022

Total participants

121

+2.5% from 2022

Average account balance

$18,374

+11.8% from 2022

Annual return

15.05%

+29.38 pp from 2022

Benchmarks

See 20,804 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort20,804 peers

Snapshot2023

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$2.14M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$27K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$140K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+9.36%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$76

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 3 by compensation

Provider	Service type	Compensation
MILLENNIUM INVESTMENT & RETIREMENT5 years Filed as: MILLENNIUM INVESTMENT Service code 26 · EIN 94-3428956	Advisory (Participants)	$747
JOHN HANCOCK LIFE INSURANCE COMPANY5 years Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346	Recordkeeping	$616
NORTHSTAR FIDUCIARY PARTNERS1 year Service code 26 · EIN 30-0132728	Advisory (Participants)	$71

Plan features & details

Pension benefit codes2E2J2K2G2R3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$2K

$36 / participant

Investment mgmt$81838.3%
Contract admin$1K61.7%

% of EOY assets

0.096%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Qualified opinion

Opinion is qualified - a specific issue limited the scope or accuracy of the audit.

Auditor firm: HOWARD & COMPANY CPAS, P.A.
Auditor EIN: 470916323
Audit fees: (not subdivided)
Opinion code: Qualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,374

$77,901-76.4%

$149,717-87.7%

$75,181-75.6%

Participation rate

100.0%

65.6%+34.4pp

78.8%+21.2pp

67.2%+32.8pp

Annual return

15.05%

31.73%-16.7pp

134.41%-119.4pp

160.69%-145.6pp

Employer contribution / active EE

$1,822

$3,137-41.9%

$4,820-62.2%

$2,671-31.8%

Participant deferral / active EE

$1,177

$3,411-65.5%

$5,682-79.3%

$4,126-71.5%

Admin fee / account holder

$18

$5,949-99.7%

$13,213-99.9%

$5,650-99.7%

Provider

Service type

Compensation

MILLENNIUM INVESTMENT & RETIREMENT5 years

Filed as: MILLENNIUM INVESTMENT

Service code 26 · EIN 94-3428956

Advisory (Participants)

$747

JOHN HANCOCK LIFE INSURANCE COMPANY5 years

Filed as: JOHN HANCOCK USA

Service code 15 · EIN 01-0233346

Recordkeeping

$616

NORTHSTAR FIDUCIARY PARTNERS1 year

Service code 26 · EIN 30-0132728

Advisory (Participants)

$71

THE MOST WORSHIPFUL GRAND LODGE F & AM OF FLORIDA EMPLOYEE PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE MOST WORSHIPFUL GRAND LODGE F & AM OF FLORIDA EMPLOYEE PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion