BOBBEX INC

523 PEPPER ST UNIT D
MONROE, CT 06468

Talking Points

LCM Rate

LCMs have the largest effect on your WC costs. Carriers file LCM's which are multiplied with the state approved Loss Costs for your employment classifications to create your policy rates. Carrier Groups have several Carrier Tier's each with their own filing, allowing their underwriters to price aggressively to overly prudent depending on the risk.

  • The LCM of the Current Carrier is Higher than 63% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
  • In the last year, LCM Increased by 6%. While peers Increased an average of 22%.
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.

  • 28% of peers have changed carriers since last year. This might indicate carriers are competing aggresively for similar businesses to cover.
  • Of the 28% 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 95th percentile at 22.2% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier LCM
2022

1.699
(Current: 1.875)
2021

1.603
2021
12-01-2020

2.090
2020

2.090
2019

1.750
2018

1.750
2017

1.750
2016

1.690
2015

-
2014

-
2013

-
2012

-
2011

-

Contacts

Ieluna Tpvqlg
President
(766) 425-3610
vmkt@wwnkyr.abt

IVMM BKBCRJ
Benefits Admin
(632) 608-4370
cec

Sqgedo Immgpc
President
(123) 512-7998
526d

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 1,878,786 $ 1,565,367 $ 4,682,634 $ 5,388,050 $ 909,526 $ 799,164 $ 334,777 $ 101,782 $ 758,006 $ 150,431 $ 363,649 $ 810,244
Liabilities: $ 0 $ 32 $ 541 $ 7 $ 4 $ 3 $ 5 $ 21
EE Contrib: $ 86,322 $ 69,985 $ 3,585 $ 80,657 $ 53,245 $ 42,363 $ 65,471 $ 75,221 $ 93,088 $ 33,180 $ 4,376 $ 67,500
Emp Contrib: $ 42,834 $ 29,710 $ 11,622 $ 5,923 $ 45,800 $ 93,997 $ 5,773 $ 39,421 $ 60,117 $ 89,676 $ 64,764 $ 72,211
Income/Loss: $ 275,875 $ 775,310 $ 661,525($ 64,213) $ 720,908 $ 79,877($ 6,523) $ 61,569 $ 960,564 $ 13,980($ 1,897) $ 69,314
Total Income: $ 405,031 $ 242,415 $ 603,472 $ 38,341 $ 944,249 $ 394,078 $ 66,784 $ 60,022 $ 349,363 $ 47,636 $ 64,140 $ 1,048
Paid Benefits: $ 0 $ 4,979 $ 6 $ 0 $ 591 $ 8,308 $ 38,485 $ 7,827 $ 4,158 $ 8,972 $ 64,907
Expenses: $ 0 $ 6 $ 404 $ 4 $ 4 $ 980 $ 9 $ 3 $ 4
  Commission: $ 7,814 $ 7,743 $ 66 $ 7 $ 37 $ 501 $ 73
Net Income: $ 397,217 $ 313,291 $ 542,459 $ 28,304 $ 993,369 $ 163,804 $ 99,391 $ 74,505 $ 722,038 $ 444,335 $ 85,176 $ 98,032
Net Assets: $ 2,276,003 $ 407,736 $ 2,361,087 $ 6,561,972 $ 3,643,287 $ 95,416 $ 971,005 $ 811,433 $ 586,546 $ 503,339 $ 117,330 $ 605,410

Participants

202120202019201820172016201520142013201220112010
Total Participants:936560930306
Active Part.:75338257aad078a8aa
Retired Part.:7695d4a 1faa73631a4
Deceased Part.:4cbea 6cd274455fa1f ba

Insurance

No Insurance Coverage

Providers

No Providers

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.

    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.