MEDCRAFT HOLDINGS LLC

4657 GREENWAY DR
HOLLYWOOD, FL 33021

Talking Points

For the Agent

These are points that might help guide an agent as they look to approach a prospect.

  • A break in policy terms may indicate inconsistent work load which can result in substandard employment.
Needs Attention

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 in-line with peers, in the 72nd percentile.
  • Mod 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 50th percentile at 3.3% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2023

2.250
2023

-
2023

-
2023

2.079
2023

1.415
2022

-
2022

2.079
2022

1.415
2021

2.085
2021
10-14-2020

1.450
2020

1.990
2020

1.740
2019

-
2019

1.630
2018

-

Contacts

PEPNPWM FDOAS
Agent
(766) 519-4322
bdb

1
(639) 693-9729
cab

Industry Classification

Retirement Benefits

Financials

2021202020192018201720162015
BOY Assets: $ 5,141,088 $ 5,090,352 $ 2,667,263 $ 9,238,713 $ 4,420,879 $ 902,194 $ 1
Liabilities: $ 0 $ 4 $ 5 $ 71
EE Contrib: $ 301,967 $ 541,790 $ 454,296 $ 268,168 $ 659,098 $ 874,791 $ 3,310,261
Emp Contrib: $ 114,179 $ 235,032 $ 755,406 $ 739,110 $ 839,496 $ 431,196 $ 16,340
Income/Loss: $ 778,117 $ 776,662 $ 9,287($ 508,034) $ 852,050 $ 664,130($ 81,062)
Total Income: $ 1,194,263 $ 53,523 $ 2,724,056 $ 285,904 $ 871,692 $ 498,132 $ 3,828,204
Paid Benefits: $ 0 $ 7 $ 30,625 $ 2,472 $ 8,139 $ 27
Expenses: $ 0 $ 17 $ 7 $ 771
  Commission: $ 9 $ 128 $ 1 $ 299 $ 64 $ 1 $ 8
Net Income: $ 1,194,254 $ 51,772 $ 1,047,628 $ 273,613 $ 209,701 $ 579,564 $ 3,261,159
Net Assets: $ 6,335,342 $ 2,435,495 $ 1,035,325 $ 5,989,889 $ 7,937,561 $ 6,719,194 $ 1,276,672

Participants

2021202020192018201720162015
Total Participants:19728924360094
Active Part.:18301725284890
Retired Part.:3b82fd888b0850
Deceased Part.:bb177c554d5

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.

    3H - Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).