Atlantic Concrete Co Inc

16762 Old Orchard Rd
Lewes, DE 19958

Talking Points

Experience Mod Rating

Mod is an indication of how risky a company is to insure. It is based on a company's claim history.

  • Experience Mod is high. It is in the 100th percentile compared to peers.
  • Mod increased by more than 75% of peers.
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 Very Good, in the 20th percentile compared to peers.
Good

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.

  • 24% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 1st percentile at 5.9% of the market.
Needs Attention

OSHA

Most employers with 10 or more employees are required to maintain injury and illness records, known as the 300 log. In the event of an inspection, this information will likely be requested. Even without injury or claim, the proper documentation should be readily available on a location by location basis. These logs are critical but simple to maintain.

  • Businesses with serious and/or repeat violations should be provided with risk management practices to eliminate unnecessary risk and minimize what must exist in current processes.
Needs Attention

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2023

1.440
2022

1.440
2021

1.440
2020

1.440
2019

1.440
2018

1.440
2017

1.590
2016

1.590
2015
01-01-2015

1.875
2014
01-01-2014

-
2013

-
2012

-
2011

-
2010

-
2009

-

Contacts

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Benefits Admin
(068) 386-2207
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Owner
(769) 042-2053
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Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 4,960,367 $ 7,538,316 $ 5,244,637 $ 6,412,899 $ 6,513,764 $ 522,434 $ 4,014,434 $ 9,079,188 $ 5,736,109 $ 6,526,846 $ 4,882,617 $ 365,726
Liabilities: $ 0 $ 3 $ 8 $ 6 $ 8,000 $ 9 $ 3 $ 274 $ 9
EE Contrib: $ 316,643 $ 766,177 $ 910,371 $ 983,014 $ 233,786 $ 742,998 $ 512,145 $ 998,384 $ 470,313 $ 521,293 $ 57,482 $ 670,853
Emp Contrib: $ 235,501 $ 851,052 $ 499,408 $ 405,170 $ 566,422 $ 381,253 $ 5,799 $ 707,763 $ 78,107 $ 95,004 $ 16,225 $ 63,868
Income/Loss: $ 616,105 $ 224,625 $ 824,964($ 816,057) $ 747,913 $ 566,357($ 64,466) $ 25,254 $ 841,364 $ 290,531($ 15,304) $ 427,978
Total Income: $ 1,175,853 $ 6,164,633 $ 7,366,365 $ 855,340 $ 204,295 $ 806,446 $ 914,969 $ 514,679 $ 735,022 $ 985,285 $ 61,386 $ 207,900
Paid Benefits: $ 154,569 $ 816,756 $ 796,806 $ 166,685 $ 86,110 $ 289,194 $ 59,640 $ 20 $ 7,354 $ 37,644 $ 515,932 $ 45,313
Expenses: $ 0 $ 9 $ 3 $ 877 $ 7 $ 81 $ 7
  Commission: $ 4,989 $ 4,831 $ 608 $ 6,270 $ 6,281 $ 2,898 $ 7,049 $ 4,884 $ 8,281 $ 7,063 $ 6,576 $ 543
Net Income: $ 1,016,295 $ 1,080,893 $ 945,023 $ 717,452 $ 477,083 $ 929,942 $ 148,295 $ 181,200 $ 414,058 $ 522,340($ 71,883) $ 614,870
Net Assets: $ 5,976,662 $ 6,169,176 $ 6,594,310 $ 9,743,968 $ 6,944,385 $ 8,661,078 $ 6,527,037 $ 1,781,797 $ 4,360,050 $ 3,285,000 $ 2,741,736 $ 4,796,214

Participants

202120202019201820172016201520142013201220112010
Total Participants:18152077792967265570425917282762
Active Part.:1425488045047258533924187d451c103
Retired Part.:39524ffafacabc7aae78e
Deceased Part.:d9ead57bd9d2d83c95b959d

Insurance

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Renewal:12-31-2021
Covered:113
PENSION_EOY_SEP_ACCT_AMT: 0PENSION_PREM_PAID_TOT_AMT: 0

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 0
Commission $ 13,399
Fees $ 5,976
Brokers

Providers

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VPNJAKZCCY MY XTZMZERS
200 DRYDEN AVE SUITE C
DRESHER, PA 19025
Recordkeeping and information management (computing, tabulating, data processing, etc.)
Participant loan processing
Investment management fees paid indirectly by plan
Float revenue
Recordkeeping fees
Compensation:$2,210
Relation:RECORDKEEPER
PRHSSIMTQKTY BKRVDCLOR JROW YMKIOWERecordkeeping and information management (computing, tabulating, data processing, etc.)
Participant loan processing
Investment management fees paid indirectly by plan
Float revenue
Recordkeeping fees
Other insurance wrap fees
Compensation:$1,700
Relation:RECORDKEEPER
FTPUWJU KLKPHAVSS, RXK.Investment advisory (plan)
Compensation:$1,080
Relation:INVESTMENT ADVISORY PLAN
EKNHXS LJRGOXB NQDSI FHBTAL AWXInsurance agents and brokers
Insurance services
Insurance brokerage commissions and fees
Compensation:$0
Relation:BROKER

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.

    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.

    3H - Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).


OSHA

Motor Carrier