Defined Benefit (Pension) · DOL Form 5500 · 2024
The Hanover Insurance Company Pension Plan
Data updated 2026-08-11
- $340M
- Total assets
- 624
- Participants
- 96th
- Percentile by assets
- $545,459
- Avg per participant
Official DOL plan name: The Hanover Insurance Group Cash Balance Pension Plan · Sponsored by The Hanover Insurance Company · Massachusetts · Finance & Insurance
$340M in assets, 624 participants
The Hanover Insurance Company's The Hanover Insurance Group Cash Balance Pension Plan reported $340M in total assets and 624 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.
- 96th percentile by assets (of 123,622 plans)
- #7,995 in Finance & Insurance (8,549 peers)
Where The Hanover Insurance Group Cash Balance Pension Plan sits by assets
The Hanover Insurance Group Cash Balance Pension Plan sits in the top 5% of all filed plans by assets, $340M for 624 participants (~$545,459/participant), down 6.2% in 2024.
- $340M
- total plan assets (2024 EOY)
- 624
- covered participants
- 96th
- percentile by assets (of 123,622 plans)
- $545,459
- avg assets per participant
The plan reported a net loss of $23M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- The Hanover Insurance Group Cash Balance Pension Plan reported net income fell from -$8M in the plan year 2023 filing to -$23M in the plan year 2024 filing.
- The Hanover Insurance Group Cash Balance Pension Plan reported participants fell from 677 in the plan year 2023 filing to 624 in the plan year 2024 filing.
- The Hanover Insurance Group Cash Balance Pension Plan end-of-year assets fell from $363M in the plan year 2023 filing to $340M in the plan year 2024 filing.
The Hanover Insurance Group Cash Balance Pension Plan vs the 2024 asset distribution
By assets, The Hanover Insurance Group Cash Balance Pension Plan outranks 96% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 3.4x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $363M |
|---|---|
| Net Assets (End of Year) | $340M |
| Net Income | -$23M |
| 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.
The Hanover Insurance Group Cash Balance Pension Plan vs. nearby Defined Benefit (Pension) plans in Massachusetts, assets vs. participants
- Consolidated Cash Balance Program of Mass General Brigham and Member Organizations $11.6B · 60,621
- New England Teamsters Pension Fund $9.1B · 21,577
- Liberty Mutual Retirement Benefit Plan $6.3B · 34,910
- Massachusetts Institute of Technology Basic Retirement Plan $5.9B · 12,533
- N. Atlantic States Carp. Pension Fund $5.1B · 16,946
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to The Hanover Insurance Group Cash Balance Pension Plan by total assets, not by location.
- Airconditioning and Refrigeration Industry Retirement Trust Fund (CA) $341M · 1,774
- Retirement Income Plan for the Employees of National Railroad Passenger Corporation (DC) $341M · 1,043
- United Food & Commercial Workers Union - Employer Pension Fund (OH) $340M · 3,916
- A&e Television Networks, LLC. Retirement Plan (NY) $341M · 473
Frequently Asked Questions
How did The Hanover Insurance Group Cash Balance Pension Plan assets move in 2024? ▼
How have The Hanover Insurance Company plan assets changed over time? ▼
Where does The Hanover Insurance Group Cash Balance Pension Plan rank by assets among Form 5500 filers? ▼
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Next read for The Hanover Insurance Group Cash Balance…
Scale reading
Ways to act on The Hanover Insurance Group Cash Balance Pension Plan's numbers.
- By total assets, The Hanover Insurance Group Cash Balance Pension Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Massachusetts. Compare plans
- The Hanover Insurance Company's sponsor-wide assets have grown 17.2% since 2022 across 3 plan years on file. More Finance & Insurance plans