BALTIMORE POWERSPORTS INC DBA HARLEY-DAVIDSON OF BALTIMORE

8845 PULASKI HWY
ROSEDALE, MD 21237

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

LCM Rate

LCMs have the largest effect on your WC costs. Carriers file LCM's which are multiplied with the state approved Loss Costs for your employment classifications to create your policy rates. Carrier Groups have several Carrier Tier's each with their own filing, allowing their underwriters to price aggressively to overly prudent depending on the risk.

  • The LCM of the Current Carrier is Higher than 84% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
  • In the last year, LCM Increased by 20%. While peers Increased an average of 3%.
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.

  • 11% of peers have changed carriers since last year.
  • Of those who changed carriers, 0.4% decreased their LCM vs those who stayed with their current provider who saw a 3.9% increase.
  • Current Carrier's market share is in the 50th percentile at 1.1% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier LCM
2022
12-01-2021

2.016
(Current: 2.280)
2021

1.680

Contacts

ECQFSP K. ZNHCSX, OA.
Benefits Admin
(695) 684-2427
512b

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 870,918 $ 219,157 $ 256,685 $ 934,304 $ 581,144 $ 656,496 $ 267,983 $ 155,666 $ 690,396 $ 862,216 $ 626,940 $ 913,038
Liabilities: $ 0 $ 44 $ 76 $ 6 $ 6 $ 44 $ 4 $ 203 $ 0 $ 9 $ 42 $ 8
EE Contrib: $ 51,872 $ 32,738 $ 99,087 $ 35,139 $ 99,661 $ 76,174 $ 59,040 $ 37,007 $ 47,215 $ 86,459 $ 38,408
Emp Contrib: $ 0 $ 66 $ 46,474 $ 10 $ 6 $ 2 $ 2 $ 7 $ 0 $ 7 $ 3
Income/Loss: $ 129,261 $ 375,263 $ 355,323($ 25,190) $ 93,897 $ 87,732($ 7,035) $ 13,419 $ 97,606 $ 27,441($ 42,381) $ 42,007
Total Income: $ 181,133 $ 897,917 $ 259,816 $ 9,741 $ 809,267 $ 13,008 $ 82,666 $ 31,830 $ 80,994 $ 32,164 $ 15,882 $ 74,868
Paid Benefits: $ 129,588 $ 20,961 $ 12,077 $ 69,156 $ 5 $ 5,517 $ 2,591 $ 67,359 $ 5 $ 14,067 $ 459,364
Expenses: $ 11,298 $ 1,749 $ 680 $ 489 $ 9,126 $ 3,584 $ 5,200 $ 7,568 $ 3,214 $ 8,154
  Commission: $ 0 $ 800 $ 5 $ 223 $ 5 $ 7 $ 8 $ 44 $ 72 $ 4,766 $ 4,792
Net Income: $ 40,247 $ 627,176 $ 36,765($ 40,935) $ 62,000 $ 58,751 $ 26,707 $ 12,062($ 25,097) $ 23,987($ 8,593)($ 11,975)
Net Assets: $ 911,165 $ 811,622 $ 976,831 $ 307,461 $ 287,662 $ 103,378 $ 777,802 $ 401,572 $ 642,178 $ 956,595 $ 27,795 $ 36,903

Participants

202120202019201820172016201520142013201220112010
Total Participants:331401633672737151166740
Active Part.:3078525760974339436458 d6
Retired Part.:5d 7b17d673065df5fbf30
Deceased Part.:8c5efd 1f18bdd39ce9f3

Insurance

No Insurance Coverage

Providers

No Providers

Features

    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.