The Hanover Insurance Group, Inc.
77
Plan:
41
75
90
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 13 point difference between this plan's BrightScope Rating (77) and the top rated plan (90) could equate to:
[How is this calculated?]
[How is this calculated?]
10 additional years of work Up to $22,600 in lost retirement savings.The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer.
Retirement Plan Description
The Hanover Insurance Group Retirement Savings Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 77. This plan is in the top 15% of plans for Company Generosity and Total Plan Cost. The Hanover Insurance Group Retirement Savings Plan currently has over 7,000 active participants and over $490.7M in plan assets.
Retirement Plan Details
| Address |
440 Lincoln Street
Worcester, MA 01653 |
| Industry | Finance and Insurance |
| Administrator | Peter Dupell |
| Sponsor | Lorna Stearns |
| Net Plan Assets | $491,000,000 |
| Total Participants | 7,000 |
| Avg Account Balance | $70,000 |
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