Defined Benefit (Pension) · DOL Form 5500 · 2022
The Hanover Insurance Company Pension Plan
Data updated 2026-08-11
- $372M
- Total assets
- 732
- Participants
- 97th
- Percentile by assets
- $507,529
- Avg per participant
Official DOL plan name: The Hanover Insurance Group Cash Balance Pension Plan · Sponsored by The Hanover Insurance Company · Massachusetts · Finance & Insurance
$372M in assets, 732 participants
The Hanover Insurance Company's The Hanover Insurance Group Cash Balance Pension Plan reported $372M in total assets and 732 participants in its 2022 DOL Form 5500 filing, ranking in the 97th 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.
- 97th percentile by assets (of 139,126 plans)
- #8,818 in Finance & Insurance (9,261 peers)
Where The Hanover Insurance Group Cash Balance Pension Plan sits by assets
The Hanover Insurance Group Cash Balance Pension Plan sits in the top 5% of all filed plans by assets, $372M for 732 participants (~$507,529/participant), down 22.3% in 2022.
- $372M
- total plan assets (2022 EOY)
- 732
- covered participants
- 97th
- percentile by assets (of 139,126 plans)
- $507,529
- avg assets per participant
The plan reported a net loss of $106M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
The Hanover Insurance Group Cash Balance Pension Plan vs the 2022 asset distribution
By assets, The Hanover Insurance Group Cash Balance Pension Plan outranks 97% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 3.7x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2022)
| Total Assets (Beginning of Year) | $478M |
|---|---|
| Net Assets (End of Year) | $371M |
| Net Income | -$106M |
| Employer EIN | 135129825 |
| Plan Effective Date | 1941-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (The Hanover Insurance Company)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 5,105 | $1.4B |
| 2023 | 2 | 5,303 | $1.5B |
| 2024 | 2 | 5,274 | $1.6B |
Nearby Defined Benefit (Pension) Plans in Massachusetts
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
The Hanover Insurance Group Cash Balance Pension Plan vs. nearby Defined Benefit (Pension) plans in Massachusetts, assets vs. participants
- Consolidated Cash Balance Program of Mass General Brigham and Member Organizations $9.1B · 55,495
- Liberty Mutual Retirement Benefit Plan $6.8B · 33,087
- Massachusetts Institute of Technology Basic Retirement Plan $5.3B · 11,835
- N. Atlantic States Carp. Pension Fund $4.8B · 17,323
- N. Atlantic States Carp. Guaranteed Annuity Fund $3.6B · 10,962
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to The Hanover Insurance Group Cash Balance Pension Plan by total assets, not by location.
- Syngenta Corporation Pension Plan (DE) $371M · 1,123
- Sparrow Health System Associate Pension Plan (MI) $372M · 1,205
- Ikon Office Solutions, Inc. Pension Plan (PA) $372M · 3,167
- Columbia Energy Group Pension Plan (IN) $372M · 1,325
Frequently Asked Questions
How did The Hanover Insurance Group Cash Balance Pension Plan assets move in 2022? ▼
How have The Hanover Insurance Company plan assets changed over time? ▼
Where does The Hanover Insurance Group Cash Balance Pension Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to The Hanover Insurance Group Cash Balance Pension Plan? ▼
Next read for The Hanover Insurance Group Cash Balance…
Scale reading
Ways to act on The Hanover Insurance Group Cash Balance Pension Plan's numbers.
- By total assets, The Hanover Insurance Group Cash Balance Pension Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Massachusetts. Compare plans
- The Hanover Insurance Company's sponsor-wide assets have grown 17.2% since 2022 across 3 plan years on file. More Finance & Insurance plans