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 86th percentile compared to peers.
  • There was a recent mod decrease.
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 7th 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.

  • 9% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 1st percentile at 2.2% of the market.
Needs Attention

Business Stats

Policy History

Term Exp. Mod Carrier LCM
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

LSOTVSR S. XFWIKHKSO
Benefits Admin
(691) 316-6814
91c67

GEXOKQY LRETNKFEW
Benefits Admin
(363) 414-9315
195

Gkfvpd Jyhof
President
(591) 525-2388
7d6c

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 2,928,858 $ 9,156,253 $ 5,617,046 $ 4,060,559 $ 791,223 $ 6,506,208 $ 8,831,725 $ 4,466,440 $ 6,989,115 $ 3,139,330 $ 5,319,936 $ 5,880,640
Liabilities: $ 0 $ 67 $ 6 $ 5 $ 8 $ 87 $ 98 $ 7
EE Contrib: $ 116,601 $ 707,979 $ 751,424 $ 4,804 $ 24,247 $ 60,455 $ 47,045 $ 12,348 $ 60,746 $ 47,106 $ 44,487 $ 38,238
Emp Contrib: $ 80,361 $ 49,906 $ 47,725 $ 15,123 $ 8,589 $ 54,744 $ 6 $ 0 $ 67,300 $ 64,805 $ 68,899
Income/Loss: $ 477,715 $ 993,769 $ 745,326($ 385,735) $ 15,370 $ 135,778($ 62,600) $ 983,796 $ 358,586 $ 482,086($ 59,856) $ 744,682
Total Income: $ 674,677 $ 892,983 $ 32,418($ 62,362) $ 625,209 $ 542,806 $ 14,117 $ 127,871 $ 316,275 $ 135,231 $ 2,379 $ 269,671
Paid Benefits: $ 192,642 $ 519,313 $ 8,209 $ 425,394 $ 22,636 $ 590,954 $ 62,555 $ 184,599 $ 74,194 $ 902,306 $ 74,139
Expenses: $ 0 $ 13 $ 4 $ 277 $ 9,304 $ 54 $ 6 $ 64 $ 72,091
  Commission: $ 22,000 $ 26,326 $ 38,750 $ 18,111 $ 42,923 $ 2,686 $ 82,049 $ 12,285 $ 47,045 $ 6,462 $ 21 $ 5,465
Net Income: $ 460,035 $ 708,198($ 69,867)($ 79,580) $ 542,795 $ 538,327($ 928,114) $ 71,617 $ 218,546 $ 454,574($ 18,501) $ 644,362
Net Assets: $ 3,388,893 $ 7,156,838 $ 2,788,585 $ 5,883,618 $ 820,100 $ 5,362,836 $ 9,785,349 $ 2,645,495 $ 5,949,045 $ 8,314,773 $ 6,496,608 $ 6,196,728

Participants

202120202019201820172016201520142013201220112010
Total Participants:248309710214898428130694
Active Part.:17367380971811554ee890c030
Retired Part.:ec7d07ffbcf26e6bfd f8f
Deceased Part.:57b75c 41c545d88434cb503

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.

    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.

Motor Carrier