401(k) · DOL Form 5500 · 2022
Motorists Mutual Insurance Company 401(k) Plan
Data updated 2026-08-11
- $256M
- Total assets
- 1,145
- Participants
- 96th
- Percentile by assets
- $223,675
- Avg per participant
Official DOL plan name: Encova Insurance 401(k) Plan · Sponsored by Motorists Mutual Insurance Company · Ohio · Finance & Insurance
$256M in assets, 1,145 participants
Motorists Mutual Insurance Company's Encova Insurance 401(k) Plan reported $256M in total assets and 1,145 participants in its 2022 DOL Form 5500 filing, ranking in the 96th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 96th percentile by assets (of 139,126 plans)
- #8,687 in Finance & Insurance (9,261 peers)
Where Encova Insurance 401(k) Plan sits by assets
Encova Insurance 401(k) Plan sits in the top 5% of all filed plans by assets, $256M for 1,145 participants (~$223,675/participant), down 19.0% in 2022.
- $256M
- total plan assets (2022 EOY)
- 1,145
- covered participants
- 96th
- percentile by assets (of 139,126 plans)
- $223,675
- avg assets per participant
The plan reported a net loss of $60M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Encova Insurance 401(k) Plan vs the 2022 asset distribution
By assets, Encova Insurance 401(k) Plan outranks 96% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 2.6x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2022)
| Total Assets (Beginning of Year) | $316M |
|---|---|
| Net Assets (End of Year) | $256M |
| Net Income | -$60M |
| Employer EIN | 314259550 |
| Plan Effective Date | 2006-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Motorists Mutual Insurance Company)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 1,395 | $324M |
| 2023 | 2 | 1,388 | $378M |
| 2024 | 2 | 1,339 | $419M |
Nearby 401(k) Plans in Ohio
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Encova Insurance 401(k) Plan vs. nearby 401(k) plans in Ohio, assets vs. participants
- The Sherwin-Williams Company 401(k) Plan $8.3B · 44,890
- The Progressive 401(k) Plan $7.6B · 50,299
- The Kroger Co. 401(k) Retirement Savings Account Plan $7.3B · 116,133
- Nationwide Savings Plan $6.7B · 24,278
- Marathon Petroleum Thrift Plan $6.4B · 17,666
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Encova Insurance 401(k) Plan by total assets, not by location.
- Red Bull North America, Inc. Retirement Income Plan (CA) $256M · 4,088
- Alex Lee, Inc. and Affiliates Retirement Savings Plan (NC) $256M · 8,274
- Wiley Rein LLP Retirement Plan (DC) $256M · 434
- Equity Residential Advantage Retirement Savings Plan (IL) $256M · 2,223
Frequently Asked Questions
How did Encova Insurance 401(k) Plan assets move in 2022? ▼
How have Motorists Mutual Insurance Company plan assets changed over time? ▼
Where does Encova Insurance 401(k) Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Encova Insurance 401(k) Plan? ▼
Next read for Encova Insurance 401(k) Plan
Scale reading
Ways to act on Encova Insurance 401(k) Plan's numbers.
- By total assets, Encova Insurance 401(k) Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Ohio. Compare plans
- Motorists Mutual Insurance Company's sponsor-wide assets have grown 29.4% since 2022 across 3 plan years on file. More Finance & Insurance plans