Gullwing Contracting Inc

728 Toby Collins
Harrington, DE 19952

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 very good. It is in the 24th percentile compared to peers.
  • There was a recent mod decrease.
Average

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 100% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
  • LCM Increased by more than 75% of peers.
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.

  • 18% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 95th percentile at 18.2% of the market.
Good

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2023

2.170
2022

1.200
2021

1.440
2020
04-26-2020

1.720
2019

1.720
2018

1.720
2018
09-21-2017

1.970
2017

2.140
2016
09-21-2016

2.396
2015
09-21-2015

2.209
2014
09-21-2014

-
2013
09-21-2013

-
2012
09-21-2012

-
2011

-
2011

-
2011
09-21-2011

-

Contacts

JDHOKCZAJ SEPUEU
Benefits Admin
(032) 014-6724
e14b8

8
(246) 522-1547
b 4

Industry Classification

Retirement Benefits

Financials

202120202019
BOY Assets: $ 110,978 $ 49,043
Liabilities: $ 0 $ 6 $ 7
EE Contrib: $ 6,773 $ 20,768 $ 47,925
Emp Contrib: $ 2,988 $ 85,089 $ 3,523
Income/Loss: $ 3,691 $ 12,897 $ 3,872
Total Income: $ 13,452 $ 29,536 $ 69,634
Paid Benefits: $ 124,193 $ 8
Expenses: $ 0
  Commission: $ 237 $ 633 $ 8
Net Income:($ 110,978) $ 99,040 $ 35,537
Net Assets: $ 0 $ 901,739 $ 57,425

Participants

202120202019
Total Participants:6102
Active Part.:5859
Retired Part.:32f7
Deceased Part.:a010

Insurance

No Insurance Coverage

Providers

No Providers

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.

    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.

    2T - Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.


OSHA

Motor Carrier