Hanover Insurance 401(k) match, vesting and fees
What Hanover Insurance's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Pricewaterhousecoopers LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 118 defined-contribution plans in finance and insurance with 5,000 to 9,999 participants.
| Hanover Insurance: employer contribution per participant | $3,806 | |
| Peer median | $3,354 |
| Hanover Insurance: average balance | $168,089 | |
| Peer median | $126,365 |
| Hanover Insurance: admin expenses ÷ assets | <0.01% | |
| Peer median | 0.06% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $1.2B at the end of plan year 2023 to $1.3B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 7,874 | $1.3B | $29.5M | $3,806 | <0.01% | Not published | Form 5500 ↗ |
| 2023 | 7,665 | $1.2B | $27.8M | $3,623 | 0.01% | Not published | Form 5500 ↗ |
Other Hanover Insurance plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
The Hanover Insurance Group Cash Balance Pension Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Pricewaterhousecoopers LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Frozen | Form 5500 ↗ |
Common questions
Does Hanover Insurance match 401(k) contributions?
The match terms for the The Hanover Insurance Group Retirement Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $29.5M in employer contributions, about $3,806 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Hanover Insurance 401(k) match vested?
The vesting schedule for the The Hanover Insurance Group Retirement Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Hanover Insurance 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Investments Institutional. The plan administrator is Benefits Committee.
I left Hanover Insurance. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Benefits Committee, (508) 216-4721) or the recordkeeper, Fidelity Investments Institutional. The Hanover Insurance old 401(k) page lists the contacts from every plan filing. Find an old Hanover Insurance 401(k)
Data from the public Form 5500 annual reports Hanover Insurance filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Hanover Insurance. Not financial advice. Report a correction · Methodology