401(k) · DOL Form 5500 · 2024

Motorists Mutual Insurance Company 401(k) Plan

Data updated 2026-08-25

$351M
Total assets Above avg plan size
1,153
Participants Near avg headcount
96th
Percentile by assets National rank
$304,125
Avg per participant High balance/head
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Official DOL plan name: Encova Insurance 401(k) Plan · Sponsored by Motorists Mutual Insurance Company · Ohio · Finance & Insurance

$351M in assets, 1,153 participants

Motorists Mutual Insurance Company's Encova Insurance 401(k) Plan reported $351M in total assets and 1,153 participants in its 2024 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.

  • #8,008 in Finance & Insurance (8,549 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, $351M for 1,153 participants (~$304,125/participant), up 14.4% in 2024.

#8,008
in Finance & Insurance (8,549 peers)
+14.4%
assets growth YoY
3.5×
vs typical plan assets (national mean)

Encova Insurance 401(k) Plan's outsized position by total assets

Encova Insurance 401(k) Plan vs every filed plan by assets

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

$350,656,624 Top 4% higher than 96% 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

Encova Insurance 401(k) Plan's large-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Encova Insurance 401(k) Plan lands in the large band (1,153 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Encova Insurance 401(k) Plan end-of-year assets rose from $307M in the plan year 2023 filing to $351M in the plan year 2024 filing.
  • Encova Insurance 401(k) Plan reported net income fell from $50M in the plan year 2023 filing to $44M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 314259550 · Motorists Mutual Insurance Company PY 2024 · 401(k)

Encova Insurance 401(k) Plan · $351M · 1,153 · 96th

  • NET $351M
  • BOOK 1,153
  • VS-ST 96th
  • BOY 401(k)
  • SCH near Austin Advantage 401(k) Plan
  • EBSA ind #8008

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 →

Encova Insurance 401(k) Plan in the asset neighbourhood

La-Z-Boy Incorporated Retirement Savings PlanLa-Z-Boy Incorporated Retire…$351MAustin Advantage 401(k) Plan$351MEncova Insurance 401(k) Plan$351MAstec Industries, Inc. 401(k) Retirement PlanAstec Industries, Inc. 401(k…$350MMinuteclinic 401(k) Plan$350M
End-of-year total assets ($M) among Encova Insurance 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$307M
Net Assets (End of Year)$351M
Net Income$44M
Employer EIN314259550
Plan Effective Date2006-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Motorists Mutual Insurance Company)

Sponsor-wide plan assets over time

All Motorists Mutual Insurance Company 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 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 Scatter plot of 6 data points. -50000050000100000150000 -505101520 Total assets ($B) Participants Encova Insurance 401(k) Plan, Total assets ($B): 0.350656624 · Participants: 1153Encova Insurance 401(k) PlanGE Aerospace Retirement Savings Plan, Total assets ($B): 14.738724553 · Participants: 45620GE Aerospace Retirement Savings PlanThe Kroger Co. 401(k) Retirement Savings Account Plan, Total assets ($B): 11.809161 · Participants: 135373The Kroger Co. 401(k) Retirement Savings Account PlanThe Progressive 401(k) Plan, Total assets ($B): 11.533546294 · Participants: 62521The Progressive 401(k) PlanThe Sherwin-Williams Company 401(k) Plan, Total assets ($B): 10.563559628 · Participants: 47459The Sherwin-Williams Company 401(k) PlanParker Retirement Savings Plan, Total assets ($B): 9.010073432 · Participants: 26315Parker Retirement Savings Plan
Encova Insurance 401(k) Plan vs. nearby 401(k) plans in Ohio, assets vs. participants
Compare Encova Insurance 401(k) Plan side-by-side with 3 peers →

Encova Insurance 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Ohio, the nearest 401(k) by assets is Austin Advantage 401(k) Plan in TX ($351M); by covered participants it is Phifer Retirement and 401(k) Savings Plan in AL (1,153 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($351M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,153 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 Encova Insurance 401(k) Plan assets move in 2024? ▼
Encova Insurance 401(k) Plan grew at a solid clip - up 14.4% during 2024, from $307M to $351M. Reported net income was $44M.
How have Motorists Mutual Insurance Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Motorists Mutual Insurance Company's sponsor-wide assets grew 29.4%, from $324M to $419M.
Where does Encova Insurance 401(k) Plan rank by assets among Form 5500 filers? ▼
Encova Insurance 401(k) Plan ranks in the 96th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Encova Insurance 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Austin Advantage 401(k) Plan in TX ($351M, 6,789 participants).
Which 401(k) plans cover a similar participant headcount to Encova Insurance 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Phifer Retirement and 401(k) Savings Plan in AL (1,153 participants, $184M 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.