401(k) · DOL Form 5500 · 2023
Motorists Mutual Insurance Company 401(k) Plan
Data updated 2026-08-11
- $307M
- Total assets
- 1,160
- Participants
- 96th
- Percentile by assets
- $264,282
- Avg per participant
Official DOL plan name: Encova Insurance 401(k) Plan · Sponsored by Motorists Mutual Insurance Company · Ohio · Finance & Insurance
$307M in assets, 1,160 participants
Motorists Mutual Insurance Company's Encova Insurance 401(k) Plan reported $307M in total assets and 1,160 participants in its 2023 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 127,072 plans)
- #8,311 in Finance & Insurance (8,869 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, $307M for 1,160 participants (~$264,282/participant), up 19.7% in 2023.
- $307M
- total plan assets (2023 EOY)
- 1,160
- covered participants
- 96th
- percentile by assets (of 127,072 plans)
- $264,282
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Encova Insurance 401(k) Plan reported net income rose from -$60M in the plan year 2022 filing to $50M in the plan year 2023 filing.
- Encova Insurance 401(k) Plan end-of-year assets rose from $256M in the plan year 2022 filing to $307M in the plan year 2023 filing.
- Encova Insurance 401(k) Plan reported participants rose from 1,145 in the plan year 2022 filing to 1,160 in the plan year 2023 filing.
Encova Insurance 401(k) Plan vs the 2023 asset distribution
By assets, Encova Insurance 401(k) Plan outranks 96% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 3.1x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $256M |
|---|---|
| Net Assets (End of Year) | $307M |
| Net Income | $50M |
| 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
- GE Retirement Savings Plan $19.5B · 59,766
- The Sherwin-Williams Company 401(k) Plan $10.1B · 47,362
- The Progressive 401(k) Plan $9.2B · 56,176
- The Kroger Co. 401(k) Retirement Savings Account Plan $8.4B · 129,769
- Nationwide Savings Plan $7.6B · 24,715
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.
- Digital Insurance, LLC 401(k) Plan (GA) $307M · 3,169
- South Central Minnesota Electrical Workers Retirement and 401(k) Plan (MN) $307M · 1,480
- Musco Profit Sharing and Employee Savings Plan (IA) $307M · 1,325
- Iuoe Local 399 Participating Employers Deferred Compensation Employee Savings Plan (IL) $306M · 7,215
Frequently Asked Questions
How did Encova Insurance 401(k) Plan assets move in 2023? ▼
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