HICKORY SPRINGS MANUFACTURING

POB 128
HICKORY, NC 28603

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.

  • 0% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 75th percentile at 22.2% of the market.
Good

OSHA

Most employers with 10 or more employees are required to maintain injury and illness records, known as the 300 log. In the event of an inspection, this information will likely be requested. Even without injury or claim, the proper documentation should be readily available on a location by location basis. These logs are critical but simple to maintain.

  • Businesses with serious and/or repeat violations should be provided with risk management practices to eliminate unnecessary risk and minimize what must exist in current processes.
Needs Attention

Business Stats

Policy History

Term Exp. Mod Carrier Premium LCM
2022

0.975
2022

0.990
2022

1.200
2022

-
2022

-
2022

2.880
2022

0.766
2022

0.890
2022

1.000
2021

1.070
2021

0.990
2021

1.200
2021

-
2021

-
2021

1.117
2021

0.940
2021

1.008
2020

1.070
2020

0.990
2020

1.110
2020

-
2020

-
2020

-
2020

-
2020

1.117
2020

0.940
2020

1.008
2019

1.671
2019

1.674
2019

-
2019

-
2019

-
2019

1.359
2018

1.674
2018

-
2018

-
2018

1.359
2017

2.060
2017

1.674
2017

-
2017

-
2017

1.671
2016

-
2016

-
2016

-
2016

-
2015

-
2015

-
2015

-
2015

-
2015

-
2015

1.536
2015

-
2015

1.398
2014

-
2014

-
2014

-
2014

-
2014

-
2013

-
2013

-
2013
09-30-2013

-
2012

-
2012
09-30-2012

-
2011

-
2011
09-30-2011

-
2010

-
2010
09-30-2010

-
2009

-
2009
09-30-2009

-

Contacts

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Benefits Admin
(372) 186-0666
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Benefits Admin
(794) 114-5803
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Benefits Admin
(453) 532-8684
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(538) 035-5957
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Benefits Admin
(787) 427-0601
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(423) 771-3785
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Benefits Admin
(690) 177-9243
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VKNPRFZ FKMFOYS
Benefits Admin
(083) 849-3846
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Project Manager
(468) 861-3271
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(263) 813-3339
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Human Resources Executive
(200) 679-8096
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Benefits Admin
(861) 754-0586
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Benefits Admin
(380) 188-0278
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Manager
(719) 155-6787
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Brzeas Mylhd
Owner
(417) 540-4571
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Benefits Admin
(794) 417-9927
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(095) 412-3928
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Benefits Admin
(773) 319-0298
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Director of Benefits
(938) 247-2013
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Benefits Admin
(605) 601-1873
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Benefits Admin
(753) 521-1175
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Benefits Admin
(244) 444-3937
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Benefits Admin
(847) 706-1575
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Benefits Admin
(597) 470-6904
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Director of Finance
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Benefits Admin
(488) 450-8508
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Benefits Admin
(762) 259-3185
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Benefits Admin
(401) 899-6161
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Benefits Admin
(732) 531-0176
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Benefits Admin
(156) 266-3311
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Sivye B Ultwsa
Registered Agent
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Benefits Admin
(436) 745-3684
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Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 63,137,619 $ 70,056,412 $ 44,572,960 $ 35,855,546 $ 18,733,103 $ 30,841,853 $ 9,479,699 $ 478,448 $ 87,308 $ 234,049 $ 1,003 $ 434
Liabilities: $ 0 $ 13 $ 2 $ 292 $ 9 $ 3 $ 42 $ 8
EE Contrib: $ 3,924,803 $ 5,184,403 $ 3,412,053 $ 8,309,474 $ 7,957,257 $ 3,947,976 $ 234,486 $ 214,838 $ 854,426 $ 960,460 $ 9,091 $ 2,697
Emp Contrib: $ 1,651,069 $ 4,783,495 $ 602,112 $ 8,778,531 $ 6,111,476 $ 3,091,170 $ 473,200 $ 812,875 $ 391,014 $ 90,804 $ 72,415
Income/Loss: $ 3,829,812 $ 1,217,926 $ 7,940,182($ 3,672,030) $ 3,300,054 $ 3,931,035($ 5,828)($ 6,957) $ 21,206 $ 8,866($ 57) $ 556
Total Income: $ 13,410,720 $ 32,992,415 $ 27,795,111 $ 8,557,705 $ 28,141,492 $ 2,273,167 $ 9,800,713 $ 289,838 $ 227,893 $ 300,532 $ 867,653 $ 7,540
Paid Benefits: $ 9,459,672 $ 77,924,442 $ 5,903,680 $ 2,645,457 $ 896,212 $ 41,150,599 $ 786,032 $ 845,174 $ 22,511 $ 69,226 $ 4,834
Expenses: $ 0 $ 964 $ 953 $ 1 $ 7 $ 47 $ 7
  Commission: $ 235,147 $ 810,884 $ 947,021 $ 954,857 $ 699,805($ 36,901) $ 260 $ 5,415 $ 2,665 $ 119 $ 80 $ 94
Net Income: $ 3,444,062 $ 7,300,719 $ 5,195,907($ 593,266) $ 3,895,779($ 6,547,576) $ 737,357 $ 865,197 $ 79,483 $ 452,027 $ 64,755 $ 2,552
Net Assets: $ 80,504,820 $ 31,451,804 $ 30,797,702 $ 23,860,360 $ 44,251,580 $ 78,466,929 $ 1,794,162 $ 2,039,823 $ 825,817 $ 507,584 $ 314,683 $ 3,256

Participants

202120202019201820172016201520142013201220112010
Total Participants:2997238273509936485593074787298400953143031
Active Part.:232345323523219624023933041491181158112082
Retired Part.:1383399367366d09a7ae 0
Deceased Part.:5293b4c89b443626 3b9

Insurance

No Insurance Coverage

Providers

IVLDAORY ERKGMGPCLIC VSBQCGOJOIRII
ESPTJBPI VULCNRBFBHA YJAXEPSMMXPGUParticipant loan processing
Sub-transfer agency fees
Recordkeeping fees
Account maintenance fees
Compensation:$178,983
Relation:RECORDKEEPER
AKPCOKBERNRP BPEELVMC, HQYOther services
Compensation:$50,122
Relation:OTHER SERVICES
OIGWQGLT ASPXJESSWKT ENIGBRGGUYHQB
Source: JPM MIDCAP VALUE L - JPMORGAN DIST
Sub-transfer agency fees
Compensation:0.15%
SVEFDZCR HYMIWKXUJZG HFEOPGGQLDZXV
Source: VRTS C SMCP VAL EQ I - VIRTUS FUND
Sub-transfer agency fees
Compensation:0.40%

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.

Health Benefits

Financials

20212020201920182017201620152014201320122011
BOY Assets: $ 0 $ 9 $ 7 $ 20 $ 30 $ 90 $ 0
Liabilities: $ 0 $ 9 $ 9 $ 98 $ 29 $ 2 $ 7 $ 7 $ 2
EE Contrib: $ 0 $ 936 $ 0 $ 958 $ 8 $ 8 $ 985
Emp Contrib: $ 0 $ 9 $ 3 $ 98 $ 8 $ 0 $ 6
Income/Loss: $ 0 $ 5 $ 95 $ 582 $ 6 $ 456
Total Income: $ 0 $ 3 $ 1 $ 91 $ 83 $ 3
Paid Benefits: $ 0 $ 68 $ 3 $ 4
Expenses: $ 0 $ 7 $ 477 $ 7 $ 93 $ 4 $ 8
  Commission: $ 0 $ 7 $ 3 $ 62 $ 324 $ 57 $ 8
Net Income: $ 0 $ 966 $ 90 $ 7 $ 9 $ 6 $ 635 $ 9
Net Assets: $ 0 $ 13 $ 17 $ 98 $ 75 $ 96 $ 3 $ 4 $ 15 $ 7

Participants

20212020201920182017201620152014201320122011
Total Participants:14725999292873239612576246348624159329904264
Active Part.:14642458868590198105104638421485138935952834
Retired Part.:8335eec87dcc5552937
Deceased Part.:633536464d6dc4addd233

Insurance

UHGNEJ BLWHVAG OHME
Renewal:12-31-2020
Covered:1390
  1. Vision

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 233,026
Commission3.96% $ 9,230
Fees0% $ 0
Brokers
IOJPAMEDDMLFAHKL SEKXZINNA EKAIORC
Renewal:09-30-2021
Covered:2
  1. Health
  2. Prescription Drug

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 6,372
Commission0% $ 0
Fees0% $ 0
KAEFANMG CWAUXZJL RKZT DDWYARQCG WFEGKFW
Renewal:09-30-2021
Covered:1968
  1. Life Insurance
  2. Long Term Disab. Ins
  3. ACCIDENTAL DEATH AND DISMEMBERMENT

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 598,079
Commission13.43% $ 80,300
Fees1.85% $ 11,058
Brokers
QAXDSMYW HTOCKGMU SEOL FZLQPMEDV HDHNLLZ
Renewal:12-31-2020
Covered:541
  1. ACCIDENT,CRITICAL ILLNESS

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 53,267
Commission13.05% $ 6,954
Fees0% $ 0
Brokers
JGZBNYSD EFLLDXST QVSR CGLRDASLZ MLAQPBY
Renewal:09-30-2021
Covered:876
  1. ACCIDENT,CRITICAL ILLNESS

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 124,123
Commission34.69% $ 43,064
Fees0% $ 0
Brokers

Providers

No Providers

Features

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

    4B - Life insurance.

    4D - Dental.

    4E - Vision.

    4F - Temporary disability (accident and sickness).

    4H - Long-term disability.

    4L - Death benefits (include travel accident but not life insurance).


OSHA

Motor Carrier