Assets by plan
Share of aggregate retirement assets
Sponsor portfolioTH
THE HANOVER INSURANCE COMPANY
EIN 13-5129825Finance and InsuranceLatest filing 2024
Plans
5
Retirement
2
$1.64B assets
Welfare
3
$11.3M premiums
Participants
25,128
440 LINCOLN STREET - WORCESTER, MA 016530000508-216-4721
Retirement portfolio analytics
2 plans aggregated / $1.64B assets / 13,843 participantsParticipants by plan
Active + retired + deferred vested
Benefits portfolio analytics
3 plans / $11.3M premiums / 8,224 covered livesCoverage by line
Premium dollars by benefit type (bundled lines overlap)
- Life$5.3M
- Dental$4.7M
- Other$4.5M
- Long-term disability$4.2M
- Health$633K
- Prescription drug$633K
- +1 more
Carrier market share
Premium dollars by Schedule A carrier
41%top
- CIGNA HEALTH AND LIFE INSURANCE COMPANY41%
- HARTFORD LIFE AND ACCIDENT38%
- METROPOLITAN LIFE INSURANCE COMPANY10%
- KAISER FOUNDATION HEALTH PLAN INC6%
- EYEMED VISION CARE4%
- +1 more
Broker market share
Schedule A broker compensation
56%top
- LOCKTON COMPANIES, LLC56%
- AON CONSULTING INC22%
- BROWN AND BROWN OF FLORIDA, INC.17%
- WEBTPA EMPLOYER SERVICES LLC6%
Plan deep-dives
Per-plan teasers. The full analytics (fees vs peers, audit grade, trajectory, counterparties) live on each plan detail page.Retirement#002
THE HANOVER INSURANCE GROUP RETIREMENT SAVINGS PLAN
401k
Assets$1.30B
Participants7,874
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Retirement#001
THE HANOVER INSURANCE GROUP CASH BALANCE PENSION PLAN
CashBalance
Assets$340.4M
Participants5,969
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Welfare#501
GROUP BENEFIT PLAN FOR HANOVER EMPLOYEES
Fully Insured - CIGNA HEALTH AND LIFE INSURANCE COMPANY AND AFFILIATES
Premiums$10.3M
Covered lives7,612
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Welfare#506
THE RETIREE LIFE INSURANCE AND POST - AGE 65 MEDICAL BENEFITS PLAN FOR HANOVER EMPLOYEES
Mixed - METROPOLITAN LIFE INSURANCE COMPANY
Premiums$1.1M
Covered lives612
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Welfare#503
THE HANOVER INSURANCE COMPANY SHORT TERM SALARY CONTINUANCE PLAN
Self Funded
Premiums$0
Covered lives0
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Retirement plans2
| Plan # | Name | Type | Assets | Participants | Latest year | |
|---|---|---|---|---|---|---|
| 002 | THE HANOVER INSURANCE GROUP RETIREMENT SAVINGS PLAN | 401k | $1.30B | 7,874 | 2024 | |
| 001 | THE HANOVER INSURANCE GROUP CASH BALANCE PENSION PLAN | CashBalance | $340.4M | 5,969 | 2024 |
Welfare plans3
| Plan # | Name | Funding | Carrier | Premiums | Covered | Latest year | |
|---|---|---|---|---|---|---|---|
| 501 | GROUP BENEFIT PLAN FOR HANOVER EMPLOYEES | Fully Insured | CIGNA HEALTH AND LIFE INSURANCE COMPANY AND AFFILIATES | $10.3M | 7,612 | 2024 | |
| 506 | THE RETIREE LIFE INSURANCE AND POST - AGE 65 MEDICAL BENEFITS PLAN FOR HANOVER EMPLOYEES | Mixed | METROPOLITAN LIFE INSURANCE COMPANY | $1.1M | 612 | 2024 | |
| 503 | THE HANOVER INSURANCE COMPANY SHORT TERM SALARY CONTINUANCE PLAN | Self Funded | - | $0 | 0 | 2024 |
Retirement plans
Welfare plans