HOMER T HAYWARD LUMBER CO

NO BUSINESS LOCATION
PHOENIX, AZ 85007

Talking Points

For the Agent

These are points that might help guide an agent as they look to approach a prospect.

  • A break in policy terms may indicate inconsistent work load which can result in substandard employment.
Needs Attention

Market Competitiveness

We measure relative change (when a business chooses a different WC provider), and market share distribution over a rolling 24 months as compared to it's industry and state level activity to determine how competitive carriers are for your class of business.

  • 38% of peers have changed carriers since last year. This might indicate carriers are competing aggresively for similar businesses to cover.
  • Of the 38% of peers who changed carriers, This might indicate carriers are competing aggresively for similar businesses to cover.
  • Current Carrier's market share is in the 99th percentile at 18.8% of the market.
Needs Attention

OSHA

Most employers with 10 or more employees are required to maintain injury and illness records, known as the 300 log. In the event of an inspection, this information will likely be requested. Even without injury or claim, the proper documentation should be readily available on a location by location basis. These logs are critical but simple to maintain.

  • Businesses with serious and/or repeat violations should be provided with risk management practices to eliminate unnecessary risk and minimize what must exist in current processes.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2022

1.500
2022

1.785
2022

-
2021

1.500
2021

1.950
2020

1.500
2019

2.092
2019

1.741
2018

2.092
2018

-
2017

-
2016

-

Contacts

VKUC GNZUSECFN
President
(333) 875-5348
ipuahlzgra@yzpulttyaxlql.oav

LMKT QGPDRJUWK
Benefits Admin
(053) 619-2689
2ab1b

1
(898) 583-3992
15878

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 15,150,290 $ 37,440,304 $ 33,182,906 $ 66,193,439 $ 3,250,879 $ 5,634,761 $ 3,921,018 $ 1,027,357 $ 6,062,410 $ 6,670,569 $ 3,952,112 $ 7,916,246
Liabilities: $ 0 $ 345 $ 1 $ 4 $ 24 $ 4 $ 6,273
EE Contrib: $ 783,052 $ 634,823 $ 271,290 $ 589,094 $ 236,866 $ 315,966 $ 821,502 $ 684,208 $ 581,862 $ 153,806 $ 539,774 $ 709,235
Emp Contrib: $ 99,872 $ 57,556 $ 31,481 $ 14,324 $ 86,552 $ 80,647 $ 94 $ 48 $ 50 $ 8 $ 88,949
Income/Loss: $ 1,796,953 $ 3,549,041 $ 1,441,769($ 273,137) $ 9,314,640 $ 158,270($ 952)($ 23,481) $ 690,221 $ 853,782($ 16,404) $ 879,359
Total Income: $ 2,683,653 $ 3,297,386 $ 7,616,057 $ 182,562 $ 112,209 $ 8,423,666 $ 716,023 $ 605,028 $ 7,803,024 $ 5,695,564($ 11,517) $ 3,210,950
Paid Benefits: $ 1,073,599 $ 180,529 $ 135,737 $ 129,956 $ 727,392 $ 929,717 $ 897,045 $ 312,190 $ 388,233 $ 939,384 $ 494,875 $ 683,704
Expenses: $ 0 $ 7 $ 97 $ 5 $ 6 $ 7 $ 24 $ 95 $ 9 $ 6
  Commission: $ 6,830 $ 190 $ 8,216 $ 12,812 $ 5,444 $ 7,087 $ 22,275 $ 24,313 $ 37,952 $ 10,388 $ 61,063 $ 38,837
Net Income: $ 1,603,224 $ 98,463 $ 4,450,824($ 536,195) $ 3,920,452 $ 875,444($ 253,455) $ 736,916 $ 208,191 $ 575,917($ 991,489) $ 283,735
Net Assets: $ 16,753,514 $ 2,817,594 $ 93,719,474 $ 96,090,722 $ 46,582,462 $ 8,938,143 $ 6,822,012 $ 1,871,880 $ 3,224,418 $ 1,284,105 $ 117,786 $ 3,431,438

Participants

202120202019201820172016201520142013201220112010
Total Participants:203339935728965816277320462364675387
Active Part.:160953481784660276974643301646221136
Retired Part.:fe6166eadf d680 824ed4e6b60a
Deceased Part.:8124252e7157a7b999bd8

Insurance

NPKC XYXMPYWNTH BMVWQUORD KDX AKXDKQZ HYKSPBB
Renewal:12-31-2021
Covered:169
PENSION_EOY_SEP_ACCT_AMT: 16411263PENSION_PREM_PAID_TOT_AMT: 0

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 0
Commission $ 47,782
Fees $ 0
Brokers

Providers

JIZV VFQKDWDNME JCN IQM NSHBBIY SB

PO BOX 990067
HARTFORD, CT 061990067

Features

    2A - Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).

    2E - Profit-sharing

    2F - ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.

    2G - Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.

    2J - Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.

    2K - Stock bonusCode section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contributions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.

    2T - Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

    3D - Pre-approved pension plan - A master, prototype, or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Health Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 0 $ 3 $ 2 $ 3 $ 4 $ 7 $ 0 $ 1
Liabilities: $ 0 $ 482 $ 2 $ 2 $ 4 $ 7
EE Contrib: $ 0 $ 83 $ 7 $ 89 $ 26 $ 4 $ 7
Emp Contrib: $ 0 $ 42 $ 5 $ 222 $ 827 $ 1 $ 807 $ 8 $ 105
Income/Loss: $ 0 $ 0 $ 6 $ 12 $ 3 $ 171 $ 93 $ 1
Total Income: $ 0 $ 5 $ 28 $ 5
Paid Benefits: $ 0 $ 790 $ 5 $ 1 $ 6 $ 6 $ 20 $ 4 $ 2 $ 50
Expenses: $ 0 $ 616 $ 6 $ 6 $ 3 $ 2 $ 524 $ 521
  Commission: $ 0 $ 226 $ 46 $ 8 $ 0 $ 484 $ 8,000,000
Net Income: $ 0 $ 0 $ 9 $ 18 $ 9
Net Assets: $ 0 $ 5 $ 0 $ 7 $ 0

Participants

202120202019201820172016201520142013201220112010
Total Participants:169836014879685174424986410381880279
Active Part.:168668556809013561668551016475573596
Retired Part.:18848d3009b6e073
Deceased Part.:01dc09a95bbeff55 9712f21

Insurance

LUZFBO YTUR VSLZHVXIJ JIQKNAO
Renewal:12-31-2021
Covered:202
  1. BUSINESS TRAVEL ACCIDENT

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 3,465
Commission15.01% $ 520
Fees0% $ 0
Brokers
OTNNMWUDMO SDKAUOSVI OENLLES XP LXUPUWR
Renewal:06-30-2021
Covered:166
  1. Life Insurance
  2. Long Term Disab. Ins
  3. ACCIDENTAL DEATH AND DISMEMBERMENT

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 49,099
Commission15.09% $ 7,410
Fees0.07% $ 33
Brokers
EEAIDI LJRHIJNEUF NYGOIN FXYM ZSS.
Renewal:06-30-2021
Covered:11
  1. Health
  2. Prescription Drug
  3. HMO Contract

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 105,965
Commission4.31% $ 4,572
Fees0.1% $ 102
Brokers
HEKSMM NVFQNCM CUDE
Renewal:06-30-2021
Covered:125
  1. Vision

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 25,713
Commission4.67% $ 1,202
Fees0% $ 0
Brokers

Providers

No Providers

Features

    4A - Health (other than vision or dental).

    4B - Life insurance.

    4E - Vision.

    4H - Long-term disability.

    4L - Death benefits (include travel accident but not life insurance).


OSHA