Mumford & Miller Concrete, Inc.

1005 Industrial Rd
Middletown, DE 19709

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 decreased 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 Higher than 87% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
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.

  • 0% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 95th percentile at 33.3% of the market.
Good

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

2.005
2023

1.859
2023

1.859
2022

2.005
2022

2.005
2022

1.859
2022

1.859
2022

1.859
2021

2.005
2021

1.707
2021

1.707
2021

1.707
2021
09-15-2008

-
2020

2.005
2020

1.707
2020

1.707
2019

2.005
2019

1.815
2019

1.815
2018

2.005
2018

1.815
2018

1.815
2017

1.855
2016

1.855
2015
01-01-2015

1.620
2014

-
2013

-
2012

-
2011

-
2010

-
2009

-

Contacts

PWRUJML QYSEIAD
Benefits Admin
(321) 233-1606
6d7

Vydbwyv Lhpyuer
Owner
(671) 620-6938
76c8

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 14,654,308 $ 19,238,318 $ 9,371,237 $ 7,200,884 $ 1,586,855 $ 8,575,331 $ 6,463,259 $ 7,954,029 $ 7,531,581 $ 8,922,978 $ 5,240,780 $ 8,509,654
Liabilities: $ 0 $ 339 $ 51 $ 9 $ 9 $ 9,755 $ 38 $ 5,734 $ 8 $ 91 $ 8
EE Contrib: $ 313,478 $ 550,288 $ 351,759 $ 222,501 $ 115,203 $ 79,944 $ 905,389 $ 353,772 $ 928,945 $ 274,141 $ 87,717 $ 68,080
Emp Contrib: $ 624,803 $ 771,652 $ 646,407 $ 240,050 $ 9,947 $ 776,742 $ 4 $ 0 $ 4
Income/Loss: $ 1,835,437 $ 3,031,649 $ 2,951,605($ 616,802) $ 5,944,544($ 22,868) $ 72,318 $ 264,635 $ 738,090($ 60,874) $ 948,252
Total Income: $ 2,773,718 $ 9,387,593 $ 1,257,328 $ 386,416 $ 5,889,978 $ 470,062 $ 66,575 $ 232,897 $ 872,175 $ 50,764 $ 60,342 $ 986,224
Paid Benefits: $ 122,347 $ 693,767 $ 726,046 $ 402,567 $ 299,897 $ 645,982 $ 439,968 $ 7,661 $ 89,988 $ 284,491 $ 858,869 $ 366,147
Expenses: $ 0 $ 1 $ 6 $ 1 $ 31 $ 2 $ 6 $ 84 $ 10
  Commission: $ 51,977 $ 51,912 $ 52,685 $ 44,069 $ 15,034 $ 14,111 $ 7 $ 9 $ 70 $ 25 $ 10
Net Income: $ 2,599,394 $ 2,324,697 $ 330,871($ 581,372) $ 2,566,104 $ 408,782($ 986,188) $ 853,799 $ 50,374 $ 167,372($ 51,375) $ 19,421
Net Assets: $ 17,253,702 $ 54,069,030 $ 83,035,649 $ 164,189 $ 8,286,897 $ 9,759,641 $ 4,908,502 $ 473,603 $ 8,836,747 $ 2,056,279 $ 2,605,041 $ 4,331,900

Participants

202120202019201820172016201520142013201220112010
Total Participants:264843708101953522715606309985
Active Part.:1010262382066526073274159a6c11ab1
Retired Part.:2ef208672d8fd5618f1d73f
Deceased Part.:d1877add081128c193c1de1c1e8

Insurance

No Insurance Coverage

Providers

MANB VOVOSW DUNDASEWSI OJI
6255 STERNER'S WAY
BETHLEHEM, PA 18017
Investment advisory (plan)
Compensation:$36,865
Relation:INVESTMENT ADVISOR
JETWVUN SGCMF DUGZZNAKMB WIEP MNHMP
6455 IRVINE CENTER DRIVE
IRVINE, CA 92618
Recordkeeping fees
Compensation:$14,463
Relation:RECORDKEEPER
XGMEAZOS VDALEWA LKVTDWLQ
511 SCHOOLHOUSE ROAD, SUITE 400
KENNETT SQUARE, PA 19348
Contract Administrator
Compensation:$650
Relation:CONTRACT ADMIN

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.

    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).

    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.

Health Benefits

Financials

2021202020192018
BOY Assets: $ 0 $ 5 $ 5
Liabilities: $ 0 $ 2 $ 8 $ 31
EE Contrib: $ 0 $ 1 $ 846
Emp Contrib: $ 0 $ 3
Income/Loss: $ 0 $ 2 $ 74
Total Income: $ 0 $ 32
Paid Benefits: $ 0 $ 0 $ 6 $ 9
Expenses: $ 0
  Commission: $ 0 $ 94
Net Income: $ 0 $ 97
Net Assets: $ 0 $ 7 $ 4

Participants

2021202020192018
Total Participants:11021516576
Active Part.:11083284092
Retired Part.:8981
Deceased Part.:4e7c1ad2

Insurance

EIMZC OHBQ CWWFDUYGR HNZWVPB
Renewal:06-30-2021
Covered:126
  1. Health
  2. Dental

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 837,938
Commission1.27% $ 10,614
Fees0% $ 0
Brokers
DUDBXEWH JTOL YOW ADGCIBRR
Renewal:06-30-2021
Covered:134
  1. Life Insurance
  2. Long Term Disab. Ins
  3. ACCIDENTAL DEATH AND DISMEMBERMENT

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 38,468
Commission11.75% $ 4,521
Fees0% $ 0
Brokers
HREFEGEJPD UVKLJUOUY XTTJBLNYM CQITZKS
Renewal:06-30-2021
Covered:110
  1. Health

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 89,255
Commission15% $ 13,388
Fees0% $ 0
Brokers

Providers

No Providers

Features

    4A - Health (other than vision or dental).

    4B - Life insurance.

    4D - Dental.

    4H - Long-term disability.

    4Q - Other.


OSHA

Motor Carrier