VOGEL SEED & FERTILIZER INC

1900 N 29TH AVE
HOLLYWOOD, FL 33020

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

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.

  • 8% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 75th percentile at 1.5% of the market.
Good

Business Stats

Policy History

Term Carrier Premium LCM
2022

1.978
(Current: 1.861)
2022

1.238
2022

-
2021

2.284
2021

-
2020

-
2020

-
2020

-
2019

-
2018

-
2017

-

Contacts

QIQUP KUUMKCY
Benefits Admin
(308) 541-7469
f65

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 6,437,108 $ 5,918,152 $ 8,875,378 $ 8,461,720 $ 3,044,483 $ 3,960,942 $ 7,886,728 $ 8,512,766 $ 995,767 $ 8,786,999 $ 2,959,942 $ 2,168,864
Liabilities: $ 0 $ 74 $ 29 $ 2 $ 2 $ 329
EE Contrib: $ 301,590 $ 640,648 $ 780,148 $ 223,452 $ 75,129 $ 649,993 $ 135,144 $ 914,298 $ 538,028 $ 438,382 $ 950,708 $ 271,856
Emp Contrib: $ 128,786 $ 40,477 $ 897,056 $ 296,629 $ 7,548 $ 40,220 $ 9,465 $ 45,793 $ 37,578 $ 14,788 $ 123,772 $ 484,933
Income/Loss: $ 742,486 $ 420,720 $ 970,656($ 435,824) $ 439,104 $ 369,607($ 60,209) $ 268,526 $ 430,167 $ 670,492($ 42,160) $ 87,440
Total Income: $ 1,172,862 $ 1,341,537 $ 3,806,004 $ 68,706 $ 780,997 $ 784,282 $ 281,905 $ 534,528 $ 664,161 $ 861,213 $ 727,052 $ 955,626
Paid Benefits: $ 443,475 $ 649,898 $ 932,461 $ 530,489 $ 772,418 $ 703,915 $ 799,994 $ 6,834,248 $ 511,776 $ 838,021 $ 16,383 $ 939,005
Expenses: $ 0 $ 74 $ 1 $ 2 $ 87 $ 2 $ 16
  Commission: $ 872 $ 64 $ 422 $ 78 $ 499 $ 630 $ 413 $ 2,787 $ 21,473 $ 37,815 $ 4,477 $ 13,909
Net Income: $ 728,515 $ 6,959 $ 127,449($ 909,748) $ 836,273 $ 97,579($ 71,699)($ 3,161,673) $ 444,026 $ 88,319 $ 690,698 $ 467,673
Net Assets: $ 7,165,623 $ 2,876,666 $ 8,266,419 $ 8,282,107 $ 4,919,090 $ 2,868,584 $ 1,954,976 $ 4,886,340 $ 8,015,457 $ 1,798,805 $ 8,163,222 $ 4,974,527

Participants

202120202019201820172016201520142013201220112010
Total Participants:644053426094363352901791
Active Part.:4550869238867332255eaf7
Retired Part.:60333673bf3 0660f30b6b71d
Deceased Part.:3b36b58379a3a8a20a0223288a8

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.

    2A - Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).

    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.

    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.