Encova Insurance 401(K) Plan — Form 5500 plan (Motorists Mutual Insurance Company)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Encova Insurance 401(K) Plan is a benefit plan reported by Motorists Mutual Insurance Company under EIN 31-4259550 and plan number 003. The latest loaded filing year is 2023. The filing reports 1,659 participants and $306,567,589 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$306.6MPlan net assets, end of year$306,567,589
Participants1.7KCovered participants reported1,659
Assets / participant$184.8KComputed: assets ÷ participants$184,791 (computed)
Provider compensation$130.4K3 Schedule C provider row(s)$130,422
- Plan sponsor
- Motorists Mutual Insurance Company
- EIN
- 31-4259550
- Plan number
- 003
- Plan type
- 2
- Location
- Columbus, OH
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 1,659 | H, C | 20241009152741NAL0010783523001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$306.6M total assets
Net assets$306.6MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $306,567,589
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $306,567,589
- Net assets (BOY)
- $256,107,467
Income & contributions
- Employer contributions
- $7,637,279
- Participant contributions
- $11,065,663
- Total contributions
- $19,696,358
- Total income / additions
- $69,039,337
Expenses & distributions
- Benefits paid
- $18,384,435
- Administrative expenses
- $130,422
- Total expenses
- $18,579,215
- Net increase / (decrease)
- $50,460,122
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empower Advisory Group, LLC | INVESTMENT MGMT | $130,122 | not reported in the loaded dataset | 2023 |
| Qdro Consultants Co LLC | OTHER | $300 | not reported in the loaded dataset | 2023 |
| Empower Annuity Insurance Company O | RECORDKEEPER | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Motorists Mutual Insurance Company
- 2023 Form 5500 filing
- Form 5500 filings in OH
- 401(k) and benefit plan filings in Columbus, OH
- Empower Advisory Group, LLC — Schedule C compensation
- Qdro Consultants Co LLC — Schedule C compensation
- Empower Annuity Insurance Company O — Schedule C compensation