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  1. Companies/
  2. THE ANDOVER COMPANIES
Sponsor portfolio

THE ANDOVER COMPANIES

EIN 04-1614490-insurance-Latest filing 2024
Plans
3
Retirement
2
$539.5M assets
Welfare
1
$643K premiums
Participants
1,652
95 OLD RIVER ROAD - ANDOVER, MA 01810978-475-3300andovercompanies.comLinkedIn201-500 employeesinsurance
Plans on this EIN
3 filings
#001TraditionalDB-$459.2M - 793 part#002401k-$80.4M - 383 part#503Mixed-$643K - 306 lives

Retirement portfolio analytics

2 plans aggregated / $539.5M assets / 1,176 participants

Assets by plan

Share of aggregate retirement assets

85%top
  • COMPANY RETIREMENT PLAN (#001)85%
  • SAVINGS & PROFIT (#002)15%
Total $539.5MClick slice to drill in

Participants by plan

Active + retired + deferred vested

  • COMPANY RETIREMENT PLAN (#001)793
  • SAVINGS & PROFIT (#002)383
Total 1,176Click row to drill in

Benefits portfolio analytics

1 plan / $643K premiums / 306 covered lives

Coverage by line

Premium dollars by benefit type (bundled lines overlap)

  • Other$643K
  • Life$354K
  • Long-term disability$354K
Total $643K3 rows

Carrier market share

Premium dollars by Schedule A carrier

Multi-vendor
55%top
  • SUN LIFE ASSURANCE COMPANY OF CANADA55%
  • UNUM LIFE INSURANCE COMPANY OF AMERICA44%
  • CURALINC HEALTHCARE1%
  • HARTFORD LIFE AND ACCIDENT0%
Total $643K4 slices

Broker market share

Schedule A broker compensation

Single broker
100%top
  • GALLAGHER BENEFIT SERVICES, INC.100%
Total $59K1 slice

Plan deep-dives

Per-plan teasers. The full analytics (fees vs peers, audit grade, trajectory, counterparties) live on each plan detail page.
Retirement#001

MERRIMACK MUTUAL FIRE INSURANCE COMPANY RETIREMENT PLAN

TraditionalDB

Assets$459.2M
Participants793
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Retirement#002

THE ANDOVER COMPANIES EMPLOYEE'S SAVINGS & PROFIT

401k

Assets$80.4M
Participants383
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Welfare#503

THE ANDOVER COMPANIES WELFARE BENEFIT PLAN

Mixed - SUN LIFE ASSURANCE COMPANY OF CANADA

Premiums$643K
Covered lives306
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive

Retirement plans2

Plan #NameTypeAssetsParticipantsLatest year
001MERRIMACK MUTUAL FIRE INSURANCE COMPANY RETIREMENT PLANTraditionalDB$459.2M7932024
002THE ANDOVER COMPANIES EMPLOYEE'S SAVINGS & PROFIT401k$80.4M3832024

Welfare plans1

Plan #NameFundingCarrierPremiumsCoveredLatest year
503THE ANDOVER COMPANIES WELFARE BENEFIT PLANMixedSUN LIFE ASSURANCE COMPANY OF CANADA$643K3062024
Retirement plans
Welfare plans
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