401k Record

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Hanover Insurance 401(k)

Recordkeeping fees per participant · The Hanover Insurance Group Retirement Savings Plan · plan year 2024

$14.53

Higher than 18% of the 790 plans over $1B that report it.

Source

= $112,719 / 7,757
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251008165722NAL0003161939001, received 2025-10-08
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251008165722NAL0003161939001, received 2025-10-08

10th: $6.72median $34.2890th: $56.58

Percentiles compare this plan with the Schedule H plans over $1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-08.

Cost and contributions

Administrative expenses excluding investment management, per participant

$14.72

10th: $9.43median $44.4790th: $97.55

Higher than 13% of the 1,045 plans over $1B that report it.

Source

= $114,219 / 7,757
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251008165722NAL0003161939001, received 2025-10-08
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251008165722NAL0003161939001, received 2025-10-08

Administrative expenses per participant

$14.72

10th: $24.33median $70.0390th: $174.36

Higher than 6% of the 1,076 plans over $1B that report it.

Source

= $114,219 / 7,757
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251008165722NAL0003161939001, received 2025-10-08
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251008165722NAL0003161939001, received 2025-10-08

Administrative expenses as a share of assets

0.009%

10th: 0.013%median 0.046%90th: 0.111%

Higher than 7% of the 1,076 plans over $1B that report it.

Source

= $114,219 / $1,303,866,523
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251008165722NAL0003161939001, received 2025-10-08
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251008165722NAL0003161939001, received 2025-10-08

Employer contributions per participant

$3,806

10th: $1,442median $3,74490th: $8,760

Higher than 51% of the 1,135 plans over $1B that report it.

Source

= $29,523,885 / 7,757
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251008165722NAL0003161939001, received 2025-10-08
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251008165722NAL0003161939001, received 2025-10-08

Employer share of total contributions

32.6%

10th: 19.8%median 33.4%90th: 47.5%

Higher than 47% of the 1,135 plans over $1B that report it.

Source

= $29,523,885 / $90,491,905
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251008165722NAL0003161939001, received 2025-10-08
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251008165722NAL0003161939001, received 2025-10-08

Plan terms, as stated in The Hanover Insurance Company's SEC filings

Plan terms are not published in public filings.

Plan features

2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251008165722NAL0003161939001, received 2025-10-08

Full record, The Hanover Insurance Group Retirement Savings Plan

FieldValueSource
Plan sponsorTHE HANOVER INSURANCE COMPANYForm 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251008165722NAL0003161939001, received 2025-10-08
Plan nameTHE HANOVER INSURANCE GROUP RETIREMENT SAVINGS PLANForm 5500, line 1a; PLAN_NAME pos 16; filing 20251008165722NAL0003161939001, received 2025-10-08
Sponsor EIN / plan number13-5129825 / 002Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251008165722NAL0003161939001, received 2025-10-08
Plan typesingle-employerForm 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251008165722NAL0003161939001, received 2025-10-08
Sponsor locationWORCESTER, MAForm 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251008165722NAL0003161939001, received 2025-10-08
Industry (business code)524150, Finance and insuranceForm 5500, line 2d; BUSINESS_CODE pos 46; filing 20251008165722NAL0003161939001, received 2025-10-08
Plan year2024-01-01 to 2024-12-31Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251008165722NAL0003161939001, received 2025-10-08
Filing received2025-10-08Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251008165722NAL0003161939001, received 2025-10-08
Final filingnoForm 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251008165722NAL0003161939001, received 2025-10-08
Amended filingnoForm 5500, Part I line B; AMENDED_IND pos 7; filing 20251008165722NAL0003161939001, received 2025-10-08
Participants, beginning of year7,665Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251008165722NAL0003161939001, received 2025-10-08
Active participants4,930Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251008165722NAL0003161939001, received 2025-10-08
Participants, end of year7,874Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251008165722NAL0003161939001, received 2025-10-08
Participants with an account balance7,757Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251008165722NAL0003161939001, received 2025-10-08
Total assets, beginning of year$1,181,481,866Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251008165722NAL0003161939001, received 2025-10-08
Total assets, end of year$1,303,866,523Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251008165722NAL0003161939001, received 2025-10-08
Net assets, end of year$1,303,866,523Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251008165722NAL0003161939001, received 2025-10-08
Total income$246,279,962Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251008165722NAL0003161939001, received 2025-10-08
Net income$122,384,657Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251008165722NAL0003161939001, received 2025-10-08
Employer contributions$29,523,885Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251008165722NAL0003161939001, received 2025-10-08
Participant contributions$47,907,410Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251008165722NAL0003161939001, received 2025-10-08
Other contributions (incl. rollovers)$13,060,610Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251008165722NAL0003161939001, received 2025-10-08
Total contributions$90,491,905Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251008165722NAL0003161939001, received 2025-10-08
Benefit payments$123,770,451Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251008165722NAL0003161939001, received 2025-10-08
Total expenses (incl. benefit payments)$123,895,305Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251008165722NAL0003161939001, received 2025-10-08
Total administrative expenses$114,219Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251008165722NAL0003161939001, received 2025-10-08
Contract administrator fees$1,500Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251008165722NAL0003161939001, received 2025-10-08
Recordkeeping fees$112,719Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251008165722NAL0003161939001, received 2025-10-08
IQPA audit fees$0Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20251008165722NAL0003161939001, received 2025-10-08
Investment advisory and management fees$0Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251008165722NAL0003161939001, received 2025-10-08
Administrative expenses excluding investment management$114,219derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251008165722NAL0003161939001, received 2025-10-08
Held in master trusts$0Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20251008165722NAL0003161939001, received 2025-10-08
Held in common/collective trusts$38,103,305Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251008165722NAL0003161939001, received 2025-10-08
Held in mutual funds$1,201,164,710Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251008165722NAL0003161939001, received 2025-10-08
Independent auditorPRICEWATERHOUSECOOPERS LLPSchedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251008165722NAL0003161939001, received 2025-10-08

Position = column in the DOL layout for form year 2024. Filing 20251008165722NAL0003161939001, received 2025-10-08.

Service providers paid directly by the plan

ProviderRelationshipService codesDirect compensationIndirect
FIDELITY INVESTMENTS INSTITUTIONALrecordkeeperRECORDKEEPER 37 Participant loan processing; 60 Sub-transfer agency fees; 64 Recordkeeping fees; 65 Account maintenance fees $114,219yes

Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251008165722NAL0003161939001, received 2025-10-08.

What changed since the 2023 plan year

Figure20232024Change
Total assets$1,181,481,866$1,303,866,52310.4%
Participants with a balance7,6637,7571.2%
Administrative expenses$141,256$114,219-19.1%
Recordkeeping fees per participant$18.36$14.53-20.8%
Employer contributions$27,759,574$29,523,8856.4%

Prior filing 20241003100241NAL0004763763001, received 2024-10-03; the plan years are contiguous.

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Sponsor name as filed: THE HANOVER INSURANCE COMPANY; SEC registrant: HANOVER INSURANCE CO, THE (CIK 45403, matched by EIN).