Plan Snapshot
- Plan Sponsor: The Hanover Insurance Company
- Sponsor EIN: 135129825
- Sponsor Address: 440 LINCOLN STREET, WORCESTER, MA, 016530000
- Plan Type: DB
- Total Participants: 572
- Total Assets: $340.4M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 572 | $340.4M | $0 | $0 |
| 2023 | 624 | $363.0M | $0 | $0 |
| 2022 | 677 | $371.5M | $0 | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| FIDELITY MANAGEMENT TRUST COMPANY | INVST MGMT | $958,336 | — | $958,336 |
| FIDELITY INSTITUTIONAL OPERATIONS | ADMINISTRATION | $20,470 | — | $20,470 |
| PRICEWATERHOUSECOOPERS LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INSTITUTIONAL OPERATIONS — ADMINISTRATION
- PRICEWATERHOUSECOOPERS LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $978,806
- Estimated Expense Ratio: 0.288% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $1,675,376 | $958,336 | — | — | — |
| 2023 | $2,124,024 | $973,293 | — | — | — |
| 2022 | $1,913,990 | $1,088,339 | — | — | — |