FOURSLIDE SPRING & STAMPING INC FOURSLIDE SPRING PRODUCTS IN

87 CROSS ST
BRISTOL, CT 06010

Talking Points

For the Agent

These are points that might help guide an agent as they look to approach a prospect.

  • A break in policy terms may indicate inconsistent work load which can result in substandard employment.
Needs Attention

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 in-line with peers, in the 41st percentile.
  • In the last year, LCM Decreased by 0%. While peers Increased an average of 11%.
Average

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.

  • 0% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 1st percentile at 16.7% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier LCM
2023
07-28-2022

1.400
2022

1.401
2021

1.400
2020

1.400
2019

1.400
2019

1.400
2019

1.401
2018

1.208
2017

1.185
2016

1.368
2016

1.660
2015

-
2015

-
2014

-
2012

-
2012

-

Contacts

Oqikhm Fiia
President
(450) 321-4236
lshjr@svpkukytv.rae

THZAEE DYQHPFN
Benefits Admin
(481) 110-6549
f80f

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 4,965,022 $ 2,615,278 $ 5,829,557 $ 2,365,305 $ 963,404 $ 5,959,121 $ 5,748,169 $ 4,778,871 $ 4,788,449 $ 3,411,353 $ 3,129,939 $ 8,863,325
Liabilities: $ 0 $ 1 $ 1 $ 2 $ 5 $ 7 $ 7
EE Contrib: $ 106,808 $ 409,918 $ 281,450 $ 502,429 $ 352,445 $ 12,212 $ 95,258 $ 375,102 $ 227,936 $ 230,253 $ 73,370 $ 16,850
Emp Contrib: $ 56,459 $ 50,927 $ 89,677 $ 17,602 $ 4,059 $ 62,962 $ 99,468 $ 96,404 $ 23,273 $ 36,763 $ 77,358 $ 14,852
Income/Loss: $ 501,450 $ 511,757 $ 643,641($ 654,439) $ 239,991 $ 418,308 $ 96,860 $ 690,704 $ 90,956 $ 541,433($ 47,029) $ 940,056
Total Income: $ 664,717 $ 627,368 $ 482,196 $ 147 $ 317,625 $ 866,051 $ 481,110 $ 509,137 $ 120,475 $ 308,331 $ 5,692 $ 214,225
Paid Benefits: $ 913,148 $ 345,086 $ 53,012 $ 35,142 $ 6,795 $ 30,899 $ 536,835 $ 17,679 $ 80,602 $ 371,194 $ 90,617 $ 33,406
Expenses: $ 0 $ 8 $ 3 $ 4 $ 70 $ 25 $ 8 $ 7
  Commission: $ 25 $ 95 $ 8,262 $ 5 $ 945 $ 77 $ 5 $ 54
Net Income:($ 248,456) $ 769,924 $ 393,539($ 45,632) $ 893,417 $ 188,585($ 23,332) $ 81,321 $ 302,313 $ 95,603 $ 4,129 $ 866,481
Net Assets: $ 4,716,566 $ 4,688,727 $ 7,717,975 $ 4,668,609 $ 1,593,318 $ 3,923,735 $ 2,703,877 $ 8,387,764 $ 8,759,228 $ 3,176,226 $ 5,497,338 $ 8,467,409

Participants

202120202019201820172016201520142013201220112010
Total Participants:293451420443051647829173
Active Part.:21880908336587744a4342a2e
Retired Part.:c87bb cdfed4940ee
Deceased Part.:b040119dfdae93e98e

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.

    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.