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

UNLC IDBLBHRKE
President
(828) 956-1820
gjhgaimrwt@mczbzwftdkrtt.tsl

GFWH ESJFFUMYL
Benefits Admin
(333) 944-9506
012

c90
(010) 238-8965
bc262

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 15,150,290 $ 6,402,364 $ 40,537,352 $ 57,077,903 $ 1,698,184 $ 5,896,519 $ 8,050,980 $ 9,681,937 $ 291,147 $ 5,656,687 $ 7,284,363 $ 5,512,083
Liabilities: $ 0 $ 4 $ 41 $ 87 $ 7 $ 5 $ 5,284 $ 4
EE Contrib: $ 783,052 $ 526,687 $ 602,935 $ 172,685 $ 368,486 $ 827,722 $ 890,403 $ 983,764 $ 1,211 $ 530,487 $ 922,567 $ 793,932
Emp Contrib: $ 99,872 $ 92,709 $ 63,256 $ 67,180 $ 83,678 $ 49,450 $ 1 $ 4 $ 81,886
Income/Loss: $ 1,796,953 $ 1,259,376 $ 921,373($ 986,942) $ 7,898,193 $ 380,044($ 52,714)($ 4,227) $ 386,664 $ 30,996($ 96,596) $ 502,524
Total Income: $ 2,683,653 $ 2,035,853 $ 2,414,557 $ 969,813 $ 1,156,454 $ 8,525,494 $ 357,533 $ 413,147 $ 7,510,149 $ 6,747,544($ 63,795) $ 3,308,274
Paid Benefits: $ 1,073,599 $ 642,685 $ 315,511 $ 198,088 $ 730,328 $ 789,661 $ 995,794 $ 59,875 $ 334,250 $ 682,669 $ 864,853 $ 631,739
Expenses: $ 0 $ 720 $ 269 $ 4 $ 4 $ 24 $ 223 $ 256 $ 61
  Commission: $ 6,830 $ 9,433 $ 7,358 $ 20,405 $ 1,243 $ 9,311 $ 71,293 $ 25,724 $ 23,383 $ 90,566 $ 8,185 $ 11,015
Net Income: $ 1,603,224 $ 8,172,451 $ 7,838,081($ 574,293) $ 8,208,791 $ 219,408($ 738,450) $ 121,349 $ 663,498 $ 380,187($ 75,262) $ 98,817
Net Assets: $ 16,753,514 $ 61,451,686 $ 53,926,235 $ 98,828,817 $ 24,449,385 $ 9,725,786 $ 3,199,053 $ 2,350,990 $ 7,954,895 $ 5,468,873 $ 8,752,024 $ 6,853,996

Participants

202120202019201820172016201520142013201220112010
Total Participants:203920696706602007818922654981769586
Active Part.:160984504323769475180240070095958435
Retired Part.:541906d261a9afbb48ef
Deceased Part.:104521c55347e515

Insurance

TSUR NIZWZKCGBP ESUTZLMQB AAY JDLEMMZ ROWGQQL
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

VXHT AFXVHJMCKC LKU KFV HDJFYXB XK

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 $ 1 $ 12 $ 43 $ 4 $ 8
Liabilities: $ 0 $ 2 $ 1 $ 4 $ 8 $ 4 $ 8 $ 8
EE Contrib: $ 0 $ 9 $ 6 $ 2 $ 703 $ 89 $ 80
Emp Contrib: $ 0 $ 7 $ 67 $ 8 $ 1
Income/Loss: $ 0 $ 92 $ 2 $ 99 $ 9 $ 92 $ 300 $ 723 $ 2
Total Income: $ 0 $ 8 $ 9 $ 7 $ 0 $ 8
Paid Benefits: $ 0 $ 4 $ 2 $ 0 $ 0 $ 5 $ 25 $ 5 $ 68
Expenses: $ 0 $ 9 $ 4 $ 692 $ 20 $ 79 $ 5 $ 1
  Commission: $ 0 $ 6 $ 2 $ 4 $ 84 $ 0
Net Income: $ 0 $ 90 $ 9 $ 5 $ 755 $ 98 $ 7 $ 5 $ 3
Net Assets: $ 0 $ 5 $ 8 $ 6

Participants

202120202019201820172016201520142013201220112010
Total Participants:169211152991948370246587432733332117
Active Part.:168736719609467181535460791134001161
Retired Part.:110dab71480d199
Deceased Part.:5951 7d32fc265d26be45232e

Insurance

TDMURY FWHZ UZYRPBFUD CSRSNBT
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
XFXSXCJDWM RGLMPBAUU AEVKZPE TC PNCKEHU
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
GZEJMP TTQVIMBVNA EUYTDA SSZX QPN.
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
IVVLPB LVNCMVD QXOT
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