BOBBEX INC

102 GREAT HILL RD
NAUGATUCK, CT 06770

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 72% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
  • In the last year, LCM Increased by 10%. While peers Increased an average of 2%.
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.

  • 6% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 95th percentile at 25% of the market.
Good

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Business Stats

County
FEIN
Bureau ID
Renewal Mod
PEO
Employees
Sales
OSHA Violations
OSHA Penalty Amount
Drivers
Power Units
Auto Carrier

Policy History

Term Carrier LCM
2023

1.875
2022

1.699
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

Hjvgxy Phjcgj
President
(972) 533-4019
nypt@whnjdc.ump
NKEWYOM RCBANK
Benefits Admin
(188) 088-2958
538
FLLZRIR N. XXGAZF
Benefits Admin
(600) 189-4295
e79b
Xohybx Dyzvkq
President
(106) 710-4056
831

Industry Classification

Industry
Class
 Chemical Blending or Mixing NOC--All Operations & Drivers.
Loss Cost
NAICS
 
SIC
 Nitrogenous Fertilizers
Related GL Codes* 51850
Chemical Mfg.--Commercial or Industrial
53077
Fertilizer Mfg.
43860
Fumigating
Related Class Codes*
Related SIC Codes*

Retirement Benefits

Financials

2022202120202019201820172016201520142013201220112010
BOY Assets: $ 2,276,003 $ 4,123,149 $ 8,288,578 $ 7,963,645 $ 776,659 $ 655,145 $ 380,825 $ 896,368 $ 451,717 $ 201,244 $ 62,907 $ 827,378 $ 160,425
Liabilities: $ 0 $ 4 $ 59 $ 2 $ 9 $ 8 $ 3 $ 7 $ 5 $ 3 $ 45 $ 3 $ 8
EE Contrib: $ 275,087 $ 17,213 $ 11,187 $ 35,447 $ 5,368 $ 55,291 $ 42,065 $ 85,175 $ 26,190 $ 96,538 $ 92,013 $ 33,505 $ 92,433
Emp Contrib: $ 45,306 $ 51,964 $ 99,172 $ 71,760 $ 64,003 $ 57,271 $ 19,789 $ 15,525 $ 69,070 $ 25,237 $ 16,951 $ 19,712 $ 44,286
Income/Loss:($ 363,947) $ 261,213 $ 300,997 $ 579,923($ 86,313) $ 506,358 $ 58,105($ 7,125) $ 2,579 $ 352,451 $ 46,434($ 828) $ 71,667
Total Income:($ 43,554) $ 557,074 $ 783,016 $ 711,585 $ 86,208 $ 769,146 $ 512,248 $ 73,946 $ 82,031 $ 255,084 $ 340,071 $ 69,003 $ 32,173
Paid Benefits: $ 0 $ 90 $ 6,182 $ 7 $ 6 $ 292 $ 7,357 $ 83,888 $ 495 $ 573 $ 9,364 $ 85,419
Expenses: $ 0 $ 8 $ 71 $ 97 $ 79 $ 8 $ 140 $ 448 $ 64 $ 49
  Commission: $ 9,171 $ 9,751 $ 7,014 $ 49 $ 0 $ 94 $ 9 $ 296 $ 37 $ 7 $ 26
Net Income:($ 52,725) $ 806,862 $ 700,993 $ 659,215 $ 74,130 $ 387,918 $ 217,301 $ 89,640 $ 38,820 $ 717,818 $ 803,038 $ 50,970 $ 52,341
Net Assets: $ 2,223,278 $ 3,397,554 $ 6,640,145 $ 8,424,328 $ 9,354,491 $ 3,965,716 $ 146,123 $ 964,030 $ 873,433 $ 673,944 $ 782,038 $ 757,201 $ 215,412

Participants

2022202120202019201820172016201520142013201220112010
Total Participants:13809060576484
Active Part.:962142796f3 b6d
Retired Part.:6f6d46af222d8daab753f5bd4d6
Deceased Part.:38b15b059fcbe50a9c5d39a1a

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.

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