Defined Benefit (Pension) · DOL Form 5500 · 2024

Encova Holdings, Inc. Pension Plan

Data updated 2026-08-25

$68M
Total assets Below avg plan size
186
Participants Below avg headcount
87th
Percentile by assets National rank
$367,731
Avg per participant High balance/head
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Official DOL plan name: Motorists Mutual Retirement Plan · Sponsored by Encova Holdings, Inc. · Ohio · Finance & Insurance

$68M in assets, 186 participants

Encova Holdings, Inc.'s Motorists Mutual Retirement Plan reported $68M in total assets and 186 participants in its 2024 DOL Form 5500 filing, ranking in the 87th 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.

  • #6,877 in Finance & Insurance (8,549 peers)

Coverage in Ohio

Motorists Mutual Retirement Plan covers 186 participants in Ohio, about 24% of the average Ohio filer (state average ~765 per filing). Assets: $68M.

#6,877
in Finance & Insurance (8,549 peers)
-4.0%
assets change YoY
0.7×
vs typical plan assets (national mean)

The plan reported a net loss of $3M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Motorists Mutual Retirement Plan's outsized position by total assets

Motorists Mutual Retirement Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$68,397,950 Top 13% higher than 87% of 123,620 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024

Motorists Mutual Retirement Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Motorists Mutual Retirement Plan sits mid-pack in the medium band (186 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Motorists Mutual Retirement Plan reported net income fell from $4M in the plan year 2023 filing to -$3M in the plan year 2024 filing.
  • Motorists Mutual Retirement Plan reported participants fell from 228 in the plan year 2023 filing to 186 in the plan year 2024 filing.
  • Motorists Mutual Retirement Plan end-of-year assets fell from $71M in the plan year 2023 filing to $68M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 314259550 · Encova Holdings, Inc. PY 2024 · Defined Benefit (Pension)

Motorists Mutual Retirement Plan · $68M · 186 · 87th

  • EOY $68M
  • EOY 186
  • EOY 87th
  • EOY Defined Benefit (Pension)
  • EOY near Armed Forces Benefit Association Employee Pension Plan
  • EOY ind #6877

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in Ohio →

Motorists Mutual Retirement Plan in the asset neighbourhood

The Burke Rehabilitation Hospital Retirement PlanThe Burke Rehabilitation Hos…$69MDykema Gossett PLLC Retirement PlanDykema Gossett PLLC Retireme…$68MMotorists Mutual Retirement PlanMotorists Mutual Retirement …$68MArmed Forces Benefit Association Employee Pension PlanArmed Forces Benefit Associa…$68MThe Retirement Plan of Kennebunk Savings BankThe Retirement Plan of Kenne…$68M
End-of-year total assets ($M) among Motorists Mutual Retirement Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Ohio filing particulars

Total Assets (Beginning of Year)$71M
Net Assets (End of Year)$68M
Net Income-$3M
Employer EIN314259550
Plan Effective Date1945-12-14
Filing StatusFILING RECEIVED

Sponsor Plan History (Encova Holdings, Inc.)

Sponsor-wide plan assets over time

All Encova Holdings, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$419M 29.441508536667747% vs 2022
2024 filing year
$300M$350M$400M$450M 202220232024 $324M $419M ▲ +29.4%
Year Plans Participants Total Assets
2022 2 1,395 $324M
2023 2 1,388 $378M
2024 2 1,339 $419M

Nearby Defined Benefit (Pension) Plans in Ohio

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Motorists Mutual Retirement Plan vs. nearby Defined Benefit (Pension) plans in Ohio, assets vs. participants Scatter plot of 6 data points. -500005000100001500020000 -505101520 Total assets ($B) Participants Motorists Mutual Retirement Plan, Total assets ($B): 0.06839795 · Participants: 186Motorists Mutual Retirement PlanGE Aerospace Pension Plan, Total assets ($B): 19.026079363 · Participants: 9637GE Aerospace Pension PlanFirstenergy Corp. Master Pension Plan, Total assets ($B): 6.474467697 · Participants: 12187Firstenergy Corp. Master Pension PlanAmerican Electric Power System Retirement Plan, Total assets ($B): 4.085797504 · Participants: 16073American Electric Power System Retirement PlanOhio Operating Engineers Pension Plan, Total assets ($B): 3.912834719 · Participants: 10387Ohio Operating Engineers Pension PlanParker Defined Benefit Pension Plan, Total assets ($B): 3.496388263 · Participants: 8120Parker Defined Benefit Pension Plan
Motorists Mutual Retirement Plan vs. nearby Defined Benefit (Pension) plans in Ohio, assets vs. participants
Compare Motorists Mutual Retirement Plan side-by-side with 3 peers →

Motorists Mutual Retirement Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Ohio, the nearest Defined Benefit (Pension) by assets is Armed Forces Benefit Association Employee Pension Plan in VA ($68M); by covered participants it is Bessemer Multiple Employer Retirement Plan in NJ (186 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (186 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Motorists Mutual Retirement Plan assets move in 2024? ▼
Motorists Mutual Retirement Plan edged down modestly - down 4.0% during 2024, from $71M to $68M. Reported net income was -$3M.
How have Encova Holdings, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Encova Holdings, Inc.'s sponsor-wide assets grew 29.4%, from $324M to $419M.
Where does Motorists Mutual Retirement Plan rank by assets among Form 5500 filers? ▼
Motorists Mutual Retirement Plan ranks in the 87th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Motorists Mutual Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Armed Forces Benefit Association Employee Pension Plan in VA ($68M, 194 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Motorists Mutual Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Bessemer Multiple Employer Retirement Plan in NJ (186 participants, $234M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 314259550.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.