HARMONIC DRIVE LLC

42 DUNHAM RD
BEVERLY, MA 01915

Similar Businesses

Business Stats

Policy History

Term Carrier Premium LCM
2024

2.910
2024

2.111
2024

-
2024

2.367
2023

2.910
2023

2.111
2023

2.523
2023

1.520
2022

2.910
2022

2.111
2022

2.523
2022

1.282
2021

2.910
2021

2.111
2021

2.523
2021

1.282
2020

-
2020

-
2020

2.459
2020

1.290
2019

-
2019

-
2019

-
2018

-
2018

-
2017

-
2017

1.433
2017
01-01-2017

-
2016

-
2016

-
2016

1.381
2016

1.433
2015

-
2015

-
2015

1.433
2014

-
2014

-
2013

-
2012

-

Contacts

Bxzw Vrxsn
President and Chief Executive Officer
(856) 237-0967
wuxvix@tgugqmoozwrlz.xby

Oatnr Jnzcj
Chief Executive Officer
(538) 313-8815
pveynm@svuai.jpu

MTG KUUZAI
Benefits Admin
(546) 717-8046
bcrfmkd@grpffzakwqlpg.nwd

WJG OOXHMZ
Benefits Admin
(288) 695-6009
61a9d

Industry Classification

Retirement Benefits

Financials

2022202120202019201820172016201520142013201220112010
BOY Assets: $ 27,103,706 $ 60,648,209 $ 20,442,311 $ 29,503,990 $ 74,035,732 $ 87,729,141 $ 29,530,482 $ 59,161,370 $ 53,981,089 $ 8,598,352 $ 6,187,565 $ 8,893,905 $ 6,037,806
Liabilities: $ 21,841 $ 92 $ 8 $ 94 $ 48 $ 317 $ 5
EE Contrib: $ 1,449,195 $ 4,252,717 $ 2,497,406 $ 9,836,236 $ 9,877,064 $ 593,828 $ 637,506 $ 216,082 $ 255,997 $ 106,447 $ 38,708 $ 210,016 $ 887,147
Emp Contrib: $ 375,375 $ 528,607 $ 836,773 $ 572,901 $ 225,671 $ 345,025 $ 597,489 $ 614,914 $ 490,015 $ 151,936 $ 797,975 $ 501,258 $ 300,911
Income/Loss:($ 4,020,863) $ 4,538,632 $ 39,655 $ 6,685,237($ 246,601) $ 764,134 $ 157,213($ 168) $ 958,904 $ 4,042,736 $ 912,270($ 10,070) $ 160,074
Total Income:($ 1,693,229) $ 8,436,695 $ 2,579,222 $ 2,793,288 $ 557,099 $ 6,455,058 $ 2,371,858 $ 880,287 $ 4,114,106 $ 5,833,460 $ 2,616,297 $ 490,449 $ 720,004
Paid Benefits: $ 1,789,277 $ 7,393,419 $ 889,462 $ 625,533 $ 978,130 $ 47,620 $ 356,478 $ 880,814 $ 951,372 $ 26,415 $ 5,258 $ 43,074 $ 839,087
Expenses: $ 0 $ 20,000,000 $ 1 $ 91 $ 91 $ 4 $ 19 $ 89 $ 4 $5,000,000,000 $ 7
  Commission: $ 62,808 $ 33,869 $ 17,968 $ 292 $ 939 $ 9,037 $ 8,746 $ 9,094 $ 3,810 $ 7,872 $ 1,088 $ 202 $ 411
Net Income:($ 3,551,934) $ 545,709 $ 8,893,582 $ 9,194,472 $ 897,314 $ 3,160,537 $ 9,859,924 $ 13,502 $ 1,626,134 $ 3,309,588 $ 8,571,425 $ 68,045 $ 856,450
Net Assets: $ 23,551,772 $ 85,549,173 $ 37,582,159 $ 2,205,190 $ 35,466,838 $ 96,952,890 $ 83,323,114 $ 71,862,019 $ 14,014,227 $ 14,293,162 $ 7,855,669 $ 2,018,121 $ 7,219,394

Participants

2022202120202019201820172016201520142013201220112010
Total Participants:23183739830034101405378575326982208
Active Part.:1942561534441659212066331fab5753
Retired Part.:4264adc53 a1666f8a93c3f
Deceased Part.:99bdb397599dc106bddb9dd51

Insurance

No Insurance Coverage

Providers

CZZEXLGF GHTOOEPVGHS LAFVKJUSVVIOP
ICEULCVL CWKTMNUXJSQ BEELNASZCIWMFParticipant loan processing
Recordkeeping fees
Account maintenance fees
Compensation:$32,809
Relation:RECORDKEEPER
MDQIXUZY YTKQXCX NAIMZLVV BNDInvestment advisory (plan)
Compensation:$30,000
Relation:ADVISOR

Features

    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.

    2S - Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.

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

    3B - Plan covering Self-Employed individuals.

    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

202220212020201920182017201620152014
BOY Assets: $ 0 $ 9 $ 2 $ 18 $ 2 $ 7
Liabilities: $ 0 $ 9 $ 29 $ 9 $ 1 $ 95 $ 31
EE Contrib: $ 0 $ 33 $ 3 $ 110 $ 5 $ 52
Emp Contrib: $ 0 $ 8 $ 38 $ 15
Income/Loss: $ 0 $ 6 $ 529 $ 9 $ 8 $ 3 $ 8
Total Income: $ 0 $ 34 $ 15 $ 37 $ 47 $ 39
Paid Benefits: $ 0 $ 414 $ 0 $ 7
Expenses: $ 0 $ 1 $ 300 $ 7 $ 21 $ 2 $ 9
  Commission: $ 0 $ 4 $ 547 $ 427 $ 7 $ 24 $ 22 $ 972 $ 9
Net Income: $ 0 $ 25 $ 7 $ 6 $ 2 $ 12
Net Assets: $ 0 $ 0 $ 1 $ 3 $ 8 $ 37

Participants

202220212020201920182017201620152014
Total Participants:198392112905242391111297971
Active Part.:198040000762905126948647252
Retired Part.:c40cf 01435
Deceased Part.:016d9 9ccddc61

Insurance

OXFO IPWDV XDBV PNPRVH VS FXUQSNBEXESDI, FWP.
Renewal:12-31-2022
Covered:452
  1. Health
  2. Dental
  3. Vision
  4. Prescription Drug
  5. PPO Contract

Retention: $ 855,719
Claims: $ 2,024,035
Loss Ratio:0.7
Exp Rated Premium $ 2,879,755
Non-Exp Rated Premium: $ 0
Commission1.78% $ 51,323
Fees0% $ 0
Brokers
NWLXSNOA CCEF YOZ JISMDMOV
Renewal:12-31-2022
Covered:198
  1. Life Insurance
  2. Temp. Disability Insurance
  3. Long Term Disab. Ins
  4. ACCIDENTAL DEATH AND DISMEMBERMENT

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 128,824
Commission5.56% $ 7,161
Fees7% $ 9,018
Brokers

Providers

No Providers

Features

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

    4B - Life insurance.

    4D - Dental.

    4E - Vision.

    4F - Temporary disability (accident and sickness).

    4H - Long-term disability.

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