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 75% 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.

  • 3% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 95th percentile at 15.2% of the market.
Good

Business Stats

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

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

KKAGPOK M PUCQNB NW
Benefits Admin
(877) 413-2544
875
LORI YUFHQG
(190) 586-6701
49747

Industry Classification

Industry
Class
 Accountant Or Auditor
Loss Cost
NAICS
 
SIC
 
Related GL Codes* 61226
Buildings or Premises--Office--Other Than Not-For-Profit
41677
Consultants
Related Class Codes*
Related SIC Codes* 8721
Accounting, Auditing, and Bookkeeping
7389
Business Services, Nec

Retirement Benefits

Financials

2022202120202019201820172016
BOY Assets: $ 1,463,795 $ 284,172 $ 795,611 $ 145,617 $ 274,152 $ 9,338 $ 2
Liabilities: $ 0 $ 35 $ 3 $ 9 $ 0
EE Contrib: $ 0 $ 5 $ 20 $ 2 $ 24
Emp Contrib: $ 164,000 $ 310,147 $ 903,154 $ 170,504 $ 986,319 $ 597,632 $ 265,282
Income/Loss:($ 105,251) $ 1,038 $ 56,583 $ 758,521($ 54,416) $ 91,601 $ 1
Total Income: $ 58,749 $ 698,376 $ 856,473 $ 700,965 $ 381,811 $ 156,522 $ 32,118
Paid Benefits: $ 0 $ 8 $ 47 $ 57
Expenses: $ 0 $ 12 $ 2 $ 1,941 $ 5,852
  Commission: $ 0 $ 56 $ 2 $ 7 $ 11 $ 35
Net Income: $ 58,749 $ 739,298 $ 308,911 $ 904,984 $ 245,175 $ 378,932 $ 219,169
Net Assets: $ 1,522,544 $ 6,611,543 $ 5,052,999 $ 169,148 $ 652,962 $ 82,829 $ 377,328

Participants

2022202120202019201820172016
Total Participants:3200260
Active Part.:3856468
Retired Part.:594b269d8994
Deceased Part.:82d8 3c2e08c

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.

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