HIT PROMOTIONAL PRODUCTS INC

7150 BRYAN DAIRY RD
LARGO, FL 33777

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.

  • 18% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 95th percentile at 17.9% of the market.
Good

Business Stats

Policy History

Term Carrier Premium LCM
2023

1.470
2023

1.000
2023

1.000
2022

1.950
2022

1.800
2022
PEO
2.910
2022

2.477
2022

2.111
2022
PEO
2.350
2022
PEO
2.351
2022

-
2022
PEO
2.523
2022

1.960
2022
PEO
2.322
2022
PEO
2.550
2022

2.240
2022
PEO
2.500
2021

1.950
2021

1.800
2021

2.910
2021

2.111
2021

2.477
2021

2.350
2021

2.350
2021

-
2021

2.523
2021

1.960
2021

2.322
2021

1.282
2021

2.550
2021

2.240
2021

2.500
2020

1.950
2020

1.800
2020

-
2020

2.477
2020

-
2020

-
2020

2.350
2020

-
2020

2.472
2020

1.960
2020

2.322
2020

1.282
2020

2.250
2020

2.500
2019

1.603
2019

1.666
2019

-
2019

-
2019

2.226
2019

-
2019

2.000
2019

-
2019

-
2019

1.840
2019

1.603
2019

1.290
2019

2.120
2019

-
2019

2.325
2018

1.603
2018

1.666
2018

-
2018

-
2018

1.692
2018

-
2018

-
2018

-
2018

2.120
2018

2.215
2018

1.419
2017

1.603
2017

-
2017

-
2017

1.692
2017

-
2017

-
2017

-
2017

1.603
2017

1.290
2017

2.120
2017

2.062
2017

2.151
2017

1.419
2016

-
2016

-
2016

-
2016

1.692
2016

-
2016

1.290
2016

2.052
2016

2.151
2016

1.419
2015

-
2015

-
2015

-
2015

-
2015

-
2015

2.052
2015

2.113
2015

1.419
2014

-
2014

-
2014

-
2014

-
2014

-
2014

-
2014

-
2013

-
2013

-
2013
11-29-2013

-
2012

-
2012

-
2012
11-29-2012

-
2011

-
2011

-
2011
11-29-2011

-
2010

-
2010
11-29-2010

-
2009
11-29-2009

-

Contacts

Deygcx Mhhm
Director of Marketing
(591) 541-4764
53 5

5a7
(834) 199-0902
102f

QQFK B UQWVESP
Benefits Admin
(658) 897-7925
8f7

SZWN J. JVCNSDP
Benefits Admin
(022) 033-0701
3151

GGUN NVPWQBQ
Benefits Admin
(271) 422-5942
126c7

AY Aarefmq
President
(880) 820-8707
ecoia@whzgoowgazri.tes

LLDA XMPOTCE
CFO
201
KVFOTPRQ@muioduxl.vkd

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 17,157,366 $ 91,190,222 $ 58,355,925 $ 37,783,247 $ 5,495,959 $ 9,125,660 $ 7,814,333 $ 6,959,539 $ 2,650,037 $ 8,431,261 $ 1,667,945 $ 8,709,625
Liabilities: $ 313 $ 7,199 $ 49,355 $ 7,283 $ 4 $ 36 $ 6 $ 606 $ 70
EE Contrib: $ 1,968,930 $ 738,548 $ 9,028,871 $ 7,523,657 $ 1,778,056 $ 538,462 $ 589,682 $ 263,271 $ 498,348 $ 142,654 $ 112,021 $ 165,663
Emp Contrib: $ 383,683 $ 214,032 $ 885,244 $ 856,995 $ 264,929 $ 714,332 $ 86,941 $ 206,495 $ 950,253 $ 245,216 $ 24,863 $ 44,964
Income/Loss: $ 0 $ 2 $ 44 $ 62 $ 1,842,406 $ 588,018($ 373,091) $ 155,552 $ 1,032 $ 167,385($ 701,281) $ 756,259
Total Income: $ 4,620,207 $ 9,085,479 $ 9,035,572 $ 694,039 $ 1,946,962 $ 4,137,134 $ 168,010 $ 9,047,198 $ 3,729,989 $ 608,991 $ 90,236 $ 206,973
Paid Benefits: $ 1,297,099 $ 266,676 $ 5,071,298 $ 218,419 $ 632,806 $ 8,429,231 $ 964,669 $ 664,636 $ 369,940 $ 57,644 $ 25,919 $ 69,622
Expenses: $ 0 $ 1 $ 3 $ 23 $ 334 $ 6
  Commission: $ 148,659 $ 64,995 $ 5,087 $ 8,030 $ 6,911 $ 1,666 $ 6,942 $ 172 $ 340 $ 316 $ 892 $ 152
Net Income: $ 3,174,449 $ 6,454,694 $ 655,233 $ 598,566 $ 722,478 $ 575,566 $ 833,570 $ 8,596,668 $ 1,237,301 $ 7,768,721 $ 134,312 $ 720,200
Net Assets: $ 20,331,815 $ 66,303,484 $ 64,044,955 $ 27,068,038 $ 956,986 $ 4,433,316 $ 3,477,803 $ 789,744 $ 9,029 $ 7,391,473 $ 7,518,882 $ 7,032,844

Participants

202120202019201820172016201520142013201220112010
Total Participants:9935995445229815793301026717455496992
Active Part.:799679702020405824315581196657826480
Retired Part.:03c93dd64678c63198d273 34
Deceased Part.:186263421921

Insurance

NNAR KLYJWIX BDQC WOGRGUGAP QAISIOS (SWT)
Renewal:12-31-2021
Covered:824
PENSION_EOY_SEP_ACCT_AMT: 19515361PENSION_PREM_PAID_TOT_AMT: 0

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 0
Commission $ 0
Fees $ 4,320
Brokers

Providers

SRAG TOKSQRW FDQR KMKFQHFIN RAFZAQZ
OJZEXSO EKNVE FAP YVY.Investment advisory (participants)
Compensation:$73,564
Relation:RIA; IA
MSYM FJKSCFV VUWA IPEPALGKY (KNE)Recordkeeping and information management (computing, tabulating, data processing, etc.)
Investment management
Shareholder servicing fees
Sub-transfer agency fees
Float revenue
Distribution (12b-1) fees
Other insurance wrap fees
'Soft dollar' commissions
Compensation:$13,631
Relation:RECORDKEEPER

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.

    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)).

Health Benefits

Financials

20212020201920182017201620152014201320122011
BOY Assets: $ 0 $ 380 $ 1 $ 7 $ 463 $ 8
Liabilities: $ 0 $ 4 $ 6 $ 9 $ 64 $ 67 $ 713 $ 42 $ 1 $ 3
EE Contrib: $ 0 $ 8 $ 40 $ 80 $ 60 $ 4
Emp Contrib: $ 0 $ 97 $ 2 $ 707 $ 2 $ 0 $ 0
Income/Loss: $ 0 $ 348 $ 860 $ 4 $ 43 $ 80
Total Income: $ 0 $ 80 $ 51 $ 6 $ 88 $ 482 $ 8
Paid Benefits: $ 0 $ 454 $ 8 $ 1 $ 5
Expenses: $ 0 $ 4 $ 7 $ 5 $ 5 $ 48
  Commission: $ 0 $ 9 $ 97 $ 50
Net Income: $ 0 $ 0 $ 870 $ 527 $ 8 $ 9 $ 8
Net Assets: $ 0 $ 0 $ 6 $ 69 $ 468 $ 6 $ 7 $ 4

Participants

20212020201920182017201620152014201320122011
Total Participants:577966873905329276452966618005211
Active Part.:575909007448334334498491638567321
Retired Part.:17386471360
Deceased Part.:402c9c57c88 f88a60

Insurance

FMIREMDA
Renewal:07-31-2021
Covered:480
  1. Dental

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 246,343
Commission11.5% $ 28,329
Fees4.47% $ 11,017
Brokers
EMPIHX CSQBYUEKYE SVCHSZPRK UURRAGT
Renewal:07-31-2021
Covered:853
  1. Health

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 5,219,686
Commission0.07% $ 3,725
Fees1.08% $ 56,480
Brokers
MIG UCTPTKK PUECLBSB VGET VSXOQNHQO KXDACZT
Renewal:07-31-2021
Covered:886
  1. Life Insurance

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 75,485
Commission15% $ 11,323
Fees3.41% $ 2,574
Brokers
XCO JRHVGLT OKQYIZZX VIDP ILZFQPVPF NTTVVGH
Renewal:07-31-2021
Covered:888
  1. Long Term Disab. Ins

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 63,215
Commission15% $ 9,482
Fees3.37% $ 2,128
Brokers
DXW ZKAFBAP NRWFKEWK YMCP QLMSBRTQD TKYZMJQ
Renewal:07-31-2021
Covered:177
  1. Life Insurance

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 58,158
Commission15% $ 8,724
Fees3.29% $ 1,913
Brokers
FRP SBXOINO ROIHOYJG ACLB VOTQOMJFQ XVGPWYI
Renewal:07-31-2021
Covered:293
  1. Temp. Disability Insurance

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 121,676
Commission15% $ 18,251
Fees3.25% $ 3,956
Brokers

Providers

No Providers

Features

    4A - Health (other than vision or dental).

    4B - Life insurance.

    4D - Dental.

    4F - Temporary disability (accident and sickness).

    4H - Long-term disability.


OSHA