Tidemark Federal Credit Union

PO Box 1800
Seaford, DE 19973

Talking Points

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.

  • 13% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 1st percentile at 12.5% of the market.
Needs Attention

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2023

-
2022

2.868
2022

2.367
2021

1.101
2021

2.207
2020

1.101
2019

1.020
2018

1.020
2017

1.960
2016

1.960
2015

1.807
2014

-
2013

-
2012

-
2011

-
2011
05-01-2010

-
2010

-
2010

-
2009

-
2009

-
2009
12-01-2008

-

Contacts

DHNSBK BRAR
Benefits Admin
(007) 356-4775
aba6

1ac
(057) 475-3277
a970d

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 4,941,313 $ 4,571,016 $ 8,422,455 $ 9,429,026 $ 2,884,162 $ 8,005,025 $ 957,547 $ 5,489,534 $ 55,618 $ 9,207,610 $ 564,867 $ 684,723
Liabilities: $ 0 $ 7 $ 5 $ 5 $ 5 $ 0 $ 8
EE Contrib: $ 805,261 $ 361,957 $ 95,447 $ 26,507 $ 34,778 $ 91,991 $ 86,074 $ 73,595 $ 65,262 $ 49,754 $ 7,961,063 $ 436,997
Emp Contrib: $ 245,935 $ 747,165 $ 646,111 $ 881,337 $ 583,631 $ 329,741 $ 416,606 $ 745,961 $ 360,369
Income/Loss: $ 361,571 $ 985,474 $ 69,141($ 474,853) $ 825,463 $ 225,605($ 59,944) $ 704,032 $ 638,624 $ 142,322 $ 20,674 $ 25,621
Total Income: $ 1,412,767 $ 401,286 $ 956,298 $ 294,709 $ 19,027 $ 224,485 $ 394,693 $ 764,880 $ 441,472 $ 755,379 $ 1,660,732 $ 40,893
Paid Benefits: $ 480,429 $ 880,970 $ 800,005 $ 824,980 $ 883,126 $ 919,353 $ 82,393 $ 211,725 $ 534,641 $ 86,040 $ 77,576 $ 4,598
Expenses: $ 0 $ 84 $ 1 $ 1 $ 1 $ 144 $ 89 $ 1 $ 5
  Commission: $ 1,295 $ 892 $ 1,396 $ 8,744 $ 4,083 $ 6,912 $ 696 $ 6,298 $ 70 $ 876 $ 701 $ 1,786
Net Income: $ 931,043 $ 541,229 $ 645,755($ 78,994) $ 679,068 $ 740,600 $ 814,834 $ 385,805 $ 61,862 $ 237,473 $ 8,533,282 $ 164,526
Net Assets: $ 5,872,356 $ 4,532,163 $ 7,218,392 $ 6,190,673 $ 5,478,669 $ 8,314,886 $ 2,605,507 $ 162,973 $ 849,640 $ 2,305,615 $ 8,127,828 $ 455,488

Participants

202120202019201820172016201520142013201220112010
Total Participants:529383721239712218434591
Active Part.:4104120682617420 56dcc84
Retired Part.:a1885fc9bc8944d8a94b1549f
Deceased Part.:490 0a1752176ca9161170167

Insurance

No Insurance Coverage

Providers

No Providers

Features

    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).

    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.

    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.