Defined Benefit (Pension) · DOL Form 5500 · 2024

Encova Holdings, Inc. Pension Plan

Data updated 2026-08-11

$68M
Total assets
186
Participants
87th
Percentile by assets
$367,731
Avg per participant
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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.

  • 87th percentile by assets (of 123,622 plans)
  • #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.

$68M
total plan assets (2024 EOY)
186
covered participants
87th
percentile by assets (of 123,622 plans)
$367,731
avg assets per participant

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.

Where Motorists Mutual Retirement Plan sits 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 $2,010,000,000 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

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 →

State
Ohio
Industry
Finance & Insurance

Participants vs Ohio filers

In Ohio, the average filing covers about 765 participants across 5,089 plans. Motorists Mutual Retirement Plan reports 186 participants - about 24% of that state average ($68M EOY assets).

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.)

$300M$350M$400M$450M 202220232024 $324M $419M ▲ +29.4%
Total plan assets by year, all Encova Holdings, Inc. plans on file
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 ($B) Participants Motorists Mutual Ret…, Total assets ($B): 0.06839795 · Participants: 186Motorists Mutual Ret…GE Aerospace Pension…, Total assets ($B): 19.026079363 · Participants: 9637GE Aerospace Pension…Firstenergy Corp. Ma…, Total assets ($B): 6.474467697 · Participants: 12187Firstenergy Corp. Ma…American Electric Po…, Total assets ($B): 4.085797504 · Participants: 16073American Electric Po…Ohio Operating Engin…, Total assets ($B): 3.912834719 · Participants: 10387Ohio Operating Engin…Parker Defined Benef…, Total assets ($B): 3.496388263 · Participants: 8120Parker Defined Benef…
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 →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Motorists Mutual Retirement Plan by total assets, not by location.

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).

Next read for Motorists Mutual Retirement Plan

Filing takeaways

Ways to act on Motorists Mutual Retirement Plan's numbers.

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.