IRON OUT INC

3920 VISTA TRACE WAY
LAKELAND, FL 33810

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.

  • 22% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 95th percentile at 22.1% of the market.
Good

Similar Businesses

Business Stats

Policy History

Term Carrier LCM
2024

1.632
2024

-
2023

-
2023

-
2022

-
2021

-
2020
06-01-2020

-
2019

-
2018

-
2018
06-01-2017

-
2017

-
2016

-
2015

-
2014

-
2013
06-01-2013

-
2012
06-01-2012

-
2011
06-01-2011

-
2010
10-01-2010

-
2009
10-01-2009

-

Contacts

RJPY DDJZVN
Benefits Admin
(542) 537-7815
ca71

4c
(168) 370-4778
322

Industry Classification

Retirement Benefits

Financials

2022202120202019201820172016201520142013201220112010
BOY Assets: $ 11,562,973 $ 98,217,783 $ 9,042,440 $ 7,973,611 $ 8,449,339 $ 177,141 $ 9,447,374 $ 7,650,478 $ 1,665,100 $ 5,503,232 $ 252,209 $ 710,342 $ 6,217,205
Liabilities: $ 0 $ 0 $ 3 $ 23 $ 321 $ 4 $ 2,626 $ 530
EE Contrib: $ 352,361 $ 408,466 $ 541,134 $ 285,979 $ 503,580 $ 100,358 $ 144,107 $ 176,371 $ 127,283 $ 249,605 $ 3,727 $ 692,985 $ 981,712
Emp Contrib: $ 216,839 $ 479,335 $ 361,255 $ 452,753 $ 887,258 $ 155,332 $ 722,682 $ 228,425 $ 477,837 $ 243,882 $ 206,112 $ 556,065 $ 697,665
Income/Loss:($ 1,457,964) $ 4,099,898 $ 7,088,750 $ 1,921,164($ 57,161) $ 563,159 $ 119,729($ 1,184) $ 392,976 $ 819,282 $ 433,738($ 574,072) $ 944,606
Total Income:($ 888,764) $ 530,903 $ 3,847,197 $ 7,000,662 $ 444,926 $ 9,908,358 $ 98,218 $ 106,127 $ 566,528 $ 7,943,116 $ 2,277,213 $ 979,741 $ 721,029
Paid Benefits: $ 1,577,746 $ 7,148,917 $ 249,370 $ 928,612 $ 846,134 $ 632,038 $ 165,272 $ 721,353 $ 257,709 $ 753,236 $ 97,795 $ 1,306 $ 11,224
Expenses: $ 0 $ 3 $ 4 $ 584 $ 621 $ 692 $ 1 $ 9 $ 9 $ 40
  Commission: $ 21,874 $ 33,286 $ 46,483 $ 35,761 $ 93,750 $ 84,437 $ 61,901 $ 88,368 $ 66,791 $ 62,207 $ 8,031 $ 19,206 $ 9,304
Net Income:($ 2,488,384) $ 4,707,180 $ 8,139,797 $ 3,383,181($ 214,643) $ 2,772,244 $ 805,685 $ 53,608 $ 49,472 $ 7,860,020 $ 823,550 $ 387,444 $ 803,508
Net Assets: $ 9,074,589 $ 7,783,768 $ 40,984,709 $ 2,843,212 $ 9,204,308 $ 580,319 $ 3,628,818 $ 2,486,402 $ 4,093,640 $ 3,957,264 $ 8,361,368 $ 7,170,667 $ 2,345,558

Participants

2022202120202019201820172016201520142013201220112010
Total Participants:88789463431488143958112564
Active Part.:556937213338263861879254a
Retired Part.:2e a54fd2a1393adff10eaf
Deceased Part.:dbf70d6f0770817b1617b7b20

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.

    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)).