HARMONIC DRIVE LLC

42 DUNHAM RD
BEVERLY, MA 01915

Business Stats

Policy History

Term Carrier Premium LCM
2024

2.367
2023

2.910
2023

2.111
2023

2.523
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

MMV DDKQMN
Benefits Admin
(811) 752-0321
94b

FWOFYR N NSTPT
Benefits Admin
(911) 864-7300
8a6

PDOXCEQMP JFRQCIJI
Benefits Admin
(693) 086-4479
aa6

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 25,838,095 $ 8,590,551 $ 84,815,010 $ 18,363,764 $ 68,986,468 $ 22,164,504 $ 14,495,868 $ 84,428,201 $ 8,394,270 $ 2,873,205 $ 8,348,629 $ 7,896,243
Liabilities: $ 0 $ 14 $ 315 $ 1 $ 5 $ 4 $ 12
EE Contrib: $ 1,205,243 $ 3,706,840 $ 2,965,214 $ 4,160,805 $ 172,391 $ 5,422,023 $ 820,395 $ 504,935 $ 739,791 $ 661,737 $ 659,861 $ 243,289
Emp Contrib: $ 306,590 $ 157,889 $ 717,835 $ 745,560 $ 145,650 $ 250,119 $ 817,514 $ 770,845 $ 178,444 $ 352,434 $ 283,867 $ 360,101
Income/Loss: $ 1,961,858 $ 7,757,832 $ 219,991($ 118,216) $ 4,301,481 $ 768,797($ 442) $ 919,108 $ 1,225,276 $ 234,735($ 26,580) $ 963,811
Total Income: $ 4,433,093 $ 3,331,703 $ 1,932,971 $ 275,792 $ 1,284,993 $ 9,711,821 $ 433,309 $ 8,134,539 $ 7,108,658 $ 9,582,929 $ 993,785 $ 9,808,481
Paid Benefits: $ 3,100,824 $ 932,045 $ 625,065 $ 99,261 $ 980,189 $ 777,959 $ 886,150 $ 641,084 $ 28,686 $ 62,516 $ 23,965 $ 156,550
Expenses: $ 0 $ 3 $ 89 $ 874 $ 4 $ 4 $ 900,000,000 $ 3 $ 89
  Commission: $ 55,530 $ 14,647 $ 235 $ 1,266 $ 7,112 $ 4,195 $ 7,749 $ 5,309 $ 1,912 $ 8,956 $ 303 $ 686
Net Income: $ 1,265,611 $ 4,039,765 $ 8,613,944 $ 226,893 $ 2,692,986 $ 7,137,435 $ 120,347 $ 7,920,755 $ 5,061,726 $ 7,864,739 $ 647,778 $ 509,078
Net Assets: $ 27,103,706 $ 23,760,592 $ 38,488,580 $ 80,748,245 $ 87,300,271 $ 81,207,490 $ 64,143,726 $ 48,093,377 $ 17,865,189 $ 5,515,848 $ 1,484,592 $ 6,490,937

Participants

202120202019201820172016201520142013201220112010
Total Participants:18223499100840483490924817917364
Active Part.:154926504190747322939377b1591
Retired Part.:42dacf373d6b14dab9daf9
Deceased Part.: 92999a992ddb9a6a996edeb3

Insurance

No Insurance Coverage

Providers

KGKKFPDF PXTADCLBAVJ YIZNOIMEUNNQR
IRNMSRZS FKDUGAZ HANBUUKI YYUInvestment advisory (plan)
Compensation:$30,000
Relation:ADVISOR
MLEYYUPP LRKMXHQDJVG IVBVLJQZVYLKBParticipant loan processing
Recordkeeping fees
Account maintenance fees
Compensation:$25,530
Relation:RECORDKEEPER

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

20212020201920182017201620152014
BOY Assets: $ 0 $ 288 $ 4 $ 97 $ 9 $ 76
Liabilities: $ 0 $ 6 $ 40 $ 9 $ 1
EE Contrib: $ 0 $ 805 $ 2 $ 35 $ 79
Emp Contrib: $ 0 $ 9 $ 21 $ 2 $ 351 $ 93
Income/Loss: $ 0 $ 1 $ 61 $ 3 $ 1 $ 4 $ 19 $ 90
Total Income: $ 0 $ 3 $ 9 $ 13 $ 8
Paid Benefits: $ 0 $ 457 $ 1 $ 615 $ 4 $ 3
Expenses: $ 0 $ 38 $ 15 $ 8 $ 9
  Commission: $ 0 $ 48 $ 972 $ 827 $ 8 $ 7 $ 42 $ 7
Net Income: $ 0 $ 276 $ 95 $ 9 $ 5 $ 64
Net Assets: $ 0 $ 7 $ 1 $ 66

Participants

20212020201920182017201620152014
Total Participants:159993733937871994860960
Active Part.:159415471125072648727725
Retired Part.:fa4949ff2ff4099
Deceased Part.:9db7 9cc7d6 d2d

Insurance

YVGZ GGOPI OJPP AVVKAH FN XKLTCWBDIUXAS, NEN.
Renewal:12-31-2021
Covered:374
  1. Health
  2. Dental
  3. Vision
  4. Prescription Drug
  5. PPO Contract

Retention: $ 432,166
Claims: $ 1,845,245
Loss Ratio:0.81
Exp Rated Premium $ 2,277,411
Non-Exp Rated Premium: $ 0
Commission1.97% $ 44,953
Fees0.39% $ 8,958
Brokers
AGYMZRAH BVDW HST MYFDATWS
Renewal:12-31-2021
Covered:159
  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: $ 119,961
Commission5.89% $ 7,069
Fees12.34% $ 14,799
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).