Fields and Company Inc

7460 Lancaster Pike Ste 3
Hockessin, DE 19707

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 73% 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 18.8% of the market.
Good

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2022

2.210
2021

2.210
2020

1.020
2020
03-06-2019

1.415
2019

1.190
2019
12-21-2018

1.415
2018

1.415
2017

1.395
2016

1.350
2015

1.233
2014

-
2013

-
2012

-
2011

-
2010

-
2009

-

Contacts

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Benefits Admin
(732) 284-5391
c4767

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(410) 272-9525
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Industry Classification

Retirement Benefits

Financials

202120202019201820172016
BOY Assets: $ 1,219,679 $ 807,922 $ 145,429 $ 146,260 $ 419,555
Liabilities: $ 0 $ 425 $ 5
EE Contrib: $ 0 $ 4 $ 5 $ 24 $ 576
Emp Contrib: $ 210,000 $ 423,254 $ 27,304 $ 381,353 $ 820,505 $ 825,808
Income/Loss: $ 34,116 $ 63,406 $ 485,042($ 98,201) $ 13,776 $ 1
Total Income: $ 244,116 $ 954,580 $ 26,261 $ 664,472 $ 190,326 $ 572,697
Paid Benefits: $ 0 $ 7
Expenses: $ 0 $ 2,272 $ 7,843 $ 7
  Commission: $ 0 $ 76 $ 1 $ 5
Net Income: $ 244,116 $ 512,587 $ 410,959 $ 507,095 $ 696,789 $ 827,499
Net Assets: $ 1,463,795 $ 6,916,536 $ 838,396 $ 525,420 $ 984,772 $ 239,721

Participants

202120202019201820172016
Total Participants:315276
Active Part.:380477
Retired Part.:36d48963016
Deceased Part.:83d5ed2ad823

Insurance

No Insurance Coverage

Providers

No Providers

Features

    1A - Benefits are primarily pay related

    1C - Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).

    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.