Merit Construction Engineers Inc

5700 Kirkwood Hwy Ste 201
Wilmington, DE 19808

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 93rd 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 Very Good, in the 4th percentile compared to peers.
Good

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 99th percentile at 25.9% of the market.
Good

Similar Businesses

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2023
01-01-2023

1.288
2022

1.288
2021

1.288
2020

1.288
2019

1.431
2018

1.431
2017

1.320
2016

1.589
2016
01-01-2015

1.589
2015

1.550
2015
01-01-2014

1.550
2014
01-01-2014

-
2013
01-01-2013

-
2012

-
2011

-
2010

-
2009

-

Contacts

QTOUUIQ G. AOHFW
Benefits Admin
(498) 992-7200
3dd

Sbinca Tsady
President
(538) 716-0929
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Industry Classification

Retirement Benefits

Financials

2022202120202019201820172016201520142013201220112010
BOY Assets: $ 3,388,893 $ 9,253,052 $ 5,402,890 $ 1,011,937 $ 7,924,550 $ 971,643 $ 6,777,233 $ 9,753,839 $ 1,982,032 $ 6,505,776 $ 8,957,487 $ 4,779,471 $ 884,605
Liabilities: $ 0 $ 86 $ 785 $ 3 $ 322 $ 3 $ 5 $ 68 $ 33 $ 75
EE Contrib: $ 100,418 $ 267,297 $ 645,768 $ 631,486 $ 57,441 $ 5,974 $ 54,349 $ 64,911 $ 93,304 $ 46,116 $ 89,187 $ 6,975 $ 8,655
Emp Contrib: $ 79,603 $ 20,691 $ 1,547 $ 5,674 $ 59,354 $ 35,700 $ 19,732 $ 43 $ 3 $ 66,320 $ 4 $ 83,155 $ 61,126
Income/Loss:($ 678,017) $ 558,304 $ 810,189 $ 822,419($ 846,758) $ 316,709 $ 737,969($ 78,694) $ 813,857 $ 192,933 $ 815,256($ 16,882) $ 688,883
Total Income:($ 497,996) $ 743,124 $ 936,323 $ 673,797($ 25,441) $ 466,498 $ 575,795 $ 41,633 $ 570,506 $ 925,049 $ 7,700 $ 59,185 $ 850,096
Paid Benefits: $ 106,737 $ 589,117 $ 692,591 $ 1,036 $ 844,991 $ 98,861 $ 747,900 $ 43,939 $ 41,331 $ 77,708 $ 492,200 $ 51,548
Expenses: $ 0 $ 4 $ 47 $ 7,850 $ 781 $ 732 $ 92 $ 7 $ 43,983
  Commission: $ 19,178 $ 15,832 $ 42,548 $ 30,973 $ 3,247 $ 35,631 $ 3,766 $ 29,402 $ 85,296 $ 21,346 $ 2,663 $ 1 $ 7,768
Net Income:($ 623,911) $ 157,069 $ 757,348($ 390,183)($ 4,225) $ 91,209 $ 35,805($ 882,745) $ 28,677 $ 644,729 $ 689,630($ 13,152) $ 149,945
Net Assets: $ 2,764,982 $ 7,804,467 $ 6,689,543 $ 1,116,047 $ 2,884,364 $ 3,485 $ 9,230,412 $ 7,332,777 $ 4,172,011 $ 6,658,650 $ 7,097,104 $ 5,847,337 $ 3,004,537

Participants

2022202120202019201820172016201520142013201220112010
Total Participants:23556603418810464452435093
Active Part.:1877206435815452077b4e5aa
Retired Part.:e23cf1efbdf8def26bd858e37dcc
Deceased Part.:dbdb3 98d87c05125720 4

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.

    2S - Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.

    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.

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