GREAT INNOVATIONS LLC

2301 SW 145TH AVE
MIRAMAR, FL 33027

Talking Points

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.

  • 12% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 95th percentile at 3.7% of the market.
Good

Business Stats

Policy History

Term Carrier Premium LCM
2023

1.319
2023

1.650
2023

1.250
2023

1.360
2023

-
2022

1.648
2022

1.319
2022

1.250
2022

1.000
2022

-
2022

1.360
2022
08-01-2021

1.630
2022
09-10-2021

-
2022
08-01-2022

-
2021

1.000
2021

1.960
2021

-
2021

-
2021

1.360
2021

1.630
2020

1.960
2020

-
2020

1.630
2020
06-01-2020

-
2019

1.960
2019

-
2019

-
2019

1.630
2018

1.630
2017

1.960
2017

-
2017

-
2017

-
2017

1.630
2016

-
2016

1.630
2015

-
2014

-
2013
06-01-2013

-
2012
06-01-2012

-
2009
11-23-2008

-

Contacts

MVEXKX STDONLLJT
Benefits Admin
(742) 755-9908
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Consumer Goods 10 followers
(834) 447-0483
WLDIZ@DNQVDTTAGEPGNI.FWB

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(659) 760-1469
lowb@wjgoxvcxnpnybjxytawii.onf

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(304) 280-0538
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(338) 131-9060
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6
(558) 497-9946
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UERGYR GKELHOTRP
CEO
(750) 762-1316
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Consumer Goods 10 followers
(531) 202-5871
RSGKB@RXBKAFURNTVEEN.IMH

Industry Classification

Retirement Benefits

Financials

2021202020192018201720162015
BOY Assets: $ 3,543,044 $ 6,678,202 $ 7,284,573 $ 5,679,843 $ 9,951,618 $ 5,104,152 $ 1,889,568
Liabilities: $ 0 $ 9 $ 3 $ 35 $ 50
EE Contrib: $ 174,990 $ 715,441 $ 53,564 $ 485,164 $ 371,524 $ 855,547 $ 34,363
Emp Contrib: $ 91,457 $ 23,356 $ 90,262 $ 148,791 $ 36,370 $ 68,782 $ 45,697
Income/Loss: $ 698,903 $ 175,962 $ 625,242($ 22,487) $ 134,545 $ 94,171($ 7,697)
Total Income: $ 965,350 $ 578,931 $ 869,322 $ 468,566 $ 157,066 $ 505,911 $ 91,859
Paid Benefits: $ 0 $ 74,324 $ 98,482 $ 66,808 $ 22,473 $ 60
Expenses: $ 0 $ 51 $ 5 $ 500,000,000 $ 1
  Commission: $ 33,476 $ 40,331 $ 64 $ 654 $ 317 $ 60 $ 38,649
Net Income: $ 931,874 $ 819,813 $ 211,458 $ 249,743 $ 384,196 $ 484,153 $ 74,585
Net Assets: $ 0 $ 6,717,789 $ 987,522 $ 4,736,823 $ 5,581,578 $ 345,623 $ 4,083,272

Participants

2021202020192018201720162015
Total Participants:665453050256
Active Part.:433774782594
Retired Part.:1a3cb2d6
Deceased Part.:09 4c660cf2ce

Insurance

No Insurance Coverage

Providers

No Providers

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.

    3H - Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).