Tidemark Federal Credit Union

PO Box 1800
Seaford, DE 19973

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.

  • 13% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 1st percentile at 12.5% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier LCM
2023

-
2022

2.868
2022

2.367
2021

1.101
2021

2.207
2020

1.101
2019

1.020
2018

1.020
2017

1.960
2016

1.960
2015

1.807
2014

-
2013

-
2012

-
2011

-
2011
05-01-2010

-
2010

-
2010

-
2009

-
2009

-
2009
12-01-2008

-

Contacts

ADKEVQ QHFM
Benefits Admin
(105) 834-2656
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(520) 512-1852
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Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 4,941,313 $ 3,758,213 $ 2,629,234 $ 7,150,164 $ 4,669,526 $ 560,991 $ 4,971,622 $ 8,564,796 $ 52,870 $ 4,982,115 $ 941,584 $ 284,193
Liabilities: $ 0 $ 509 $ 85 $ 65 $ 5 $ 59 $ 558 $ 308 $ 3
EE Contrib: $ 805,261 $ 657,982 $ 73,264 $ 95,912 $ 77,257 $ 11,028 $ 42,771 $ 59,769 $ 1,514 $ 76,246 $ 7,633,119 $ 523,163
Emp Contrib: $ 245,935 $ 289,401 $ 942,719 $ 487,343 $ 117,110 $ 156,986 $ 723,958 $ 477,134 $ 18,484 $ 5 $ 93 $ 53
Income/Loss: $ 361,571 $ 731,222 $ 13,767($ 246,966) $ 44,442 $ 238,005($ 17,229) $ 145,304 $ 693,479 $ 59,731 $ 53,796 $ 63,614
Total Income: $ 1,412,767 $ 932,833 $ 258,787 $ 324,280 $ 446,981 $ 447,412 $ 875,389 $ 282,838 $ 884,532 $ 94,514 $ 8,926,158 $ 248,567
Paid Benefits: $ 480,429 $ 658,720 $ 437,382 $ 220,432 $ 416,757 $ 763,744 $ 76,246 $ 168,168 $ 793,928 $ 33,121 $ 38,249 $ 9,218
Expenses: $ 0 $ 4 $ 55 $ 9 $ 3 $ 1 $ 9
  Commission: $ 1,295 $ 42 $ 1,328 $ 3,088 $ 5,934 $ 9,994 $ 197 $ 1,859 $ 927 $ 383 $ 3,266
Net Income: $ 931,043 $ 387,058 $ 76,350($ 53,327) $ 845,044 $ 664,715 $ 806,753 $ 533,740 $ 55,330 $ 589,722 $ 1,916,393 $ 608,351
Net Assets: $ 5,872,356 $ 1,748,904 $ 2,273,772 $ 1,935,805 $ 8,574,351 $ 1,178,709 $ 9,704,983 $ 9,194,955 $ 3,549,359 $ 8,710,596 $ 4,166,628 $ 743,329

Participants

202120202019201820172016201520142013201220112010
Total Participants:527963805102859162089132
Active Part.:4156597630490891d9995 a
Retired Part.:55787f 7be8f775d7b54a
Deceased Part.:e60a00cf5076c1cf6a

Insurance

No Insurance Coverage

Providers

No Providers

Features

    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).

    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.

    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.