The Hanover Insurance Group Cash Balance Pension Plan

Compiled by PlainRetire Editorial, Retirement Plans Editorial Team

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

Sponsored by The Hanover Insurance Company · Massachusetts · Finance & Insurance

What the 2023 filing shows

The Hanover Insurance Group Cash Balance Pension Plan holds $363M for 677 participants - about $536,211 per participant, down 2.3% over the 2023 plan year.

$363M
total plan assets (2023 EOY): 677
covered participants: $536,211
avg assets per participant: -2.3%
assets change YoY

The plan reported a net loss of $8M for the year — a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)

$363M

Participants

677

State

Massachusetts

Industry

Finance & Insurance

What the Filing Says About The Hanover Insurance Group Cash Balance Pension Plan

The Hanover Insurance Group Cash Balance Pension Plan is a Defined Benefit (Pension) retirement plan sponsored by The Hanover Insurance Company, headquartered in Massachusetts. As of the 2023 Form 5500 filing, the plan reports $363M in total end-of-year assets and covers 677 participants across the Finance & Insurance industry. The sponsor's EIN on file with the U.S. Department of Labor is 135129825, and the plan has been effective since 1941-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $372M at the beginning of 2023 to $363M at year-end — a decline of 2.3%. Net assets (after liabilities) closed the year at $363M, with reported net income of $-8,473,246 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)	$372M
Total Assets (End of Year)	$363M
Net Assets (End of Year)	$363M
Net Income	$-8,473,246
Plan Type	Defined Benefit (Pension)
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.

Consolidated Cash Balance Program of Mass General Brigham and Member Organizations $10.3B · 58,745
Liberty Mutual Retirement Benefit Plan $6.9B · 37,145
Massachusetts Institute of Technology Basic Retirement Plan $5.4B · 11,888
Massmutual Pension Plan $2.6B · 14,462
John Hancock Pension Plan $2.0B · 5,302

Compare The Hanover Insurance Group Cash Balance… side-by-side with 3 peers →

Related Data

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Frequently Asked Questions

How much money is in the The Hanover Insurance Group Cash Balance Pension Plan? ▼

As of the 2023 Form 5500 filing, The Hanover Insurance Group Cash Balance Pension Plan holds $363M in total assets with 677 participants. It is sponsored by The Hanover Insurance Company.

What type of plan is The Hanover Insurance Group Cash Balance Pension Plan? ▼

The Hanover Insurance Group Cash Balance Pension Plan is a Defined Benefit (Pension) plan. It has been effective since 1941-01-01. The plan is filed with the U.S. Department of Labor under EIN 135129825.

Who sponsors the The Hanover Insurance Group Cash Balance Pension Plan? ▼

The Hanover Insurance Group Cash Balance Pension Plan is sponsored by The Hanover Insurance Company, located in Massachusetts. The sponsor's EIN is 135129825 and the plan operates in the Finance & Insurance industry.

How did The Hanover Insurance Group Cash Balance Pension Plan perform in 2023? ▼

The Hanover Insurance Group Cash Balance Pension Plan declined by 2.3% during 2023, moving from $372M to $363M in total assets. Net income was $-8,473,246.

Where can I find official filings for The Hanover Insurance Group Cash Balance Pension Plan? ▼

Official Form 5500 filings for The Hanover Insurance Group Cash Balance Pension Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 135129825 or plan name at efast.dol.gov.

How does The Hanover Insurance Group Cash Balance Pension Plan compare to other plans? ▼

You can compare The Hanover Insurance Group Cash Balance Pension Plan against other Defined Benefit (Pension) plans on the plan type page, or view plans in Massachusetts on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.