BERKOWER LLC

517 RTE 1 STE 4103
ISELIN, NJ 08830

Talking Points

Experience Mod Rating

Mod is an indication of how risky a company is to insure. It is based on a company's claim history.

  • Experience Mod is high. It is in the 83rd percentile compared to peers.
  • There was a recent mod increase.
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.

  • 6% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 99th percentile at 22.3% of the market.
Good

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2023

-
2022

-
2022

1.025
2022
12-16-2022

-
2021

-
2021
12-16-2021

-
2020

-
2020

-
2019

-
2018

-
2017

-
2016

-
2015

-
2014

-

Contacts

XESRTRZ MGMZXAMV
Benefits Admin
(085) 152-0708
b6d1

e5
(040) 120-5786
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Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 780,283 $ 997,883 $ 756,046 $ 214,668 $ 462,184 $ 53,654 $ 247,410 $ 183,981 $ 447,987 $ 467,512 $ 21,191 $ 2,935
Liabilities: $ 0 $ 4 $ 640 $ 75 $ 77 $ 0 $ 634 $ 954
EE Contrib: $ 54,734 $ 90,491 $ 87,280 $ 9,452 $ 17,707 $ 63,972 $ 356,609 $ 22,489 $ 76,780 $ 3,819 $ 748
Emp Contrib: $ 87,887 $ 221,418 $ 844,373 $ 189,051 $ 61,317 $ 94,797 $ 68,889 $ 94,373
Income/Loss: $ 53,112 $ 66,924 $ 76,224($ 40,417) $ 15,698 $ 78,967($ 45,235) $ 38,976 $ 20,032 $ 96,753($ 846) $ 4,307
Total Income: $ 195,733 $ 206,880 $ 663,594 $ 35,472 $ 629,320 $ 32,767 $ 93,730 $ 758,309 $ 26,330 $ 1,658 $ 34,976 $ 84,650
Paid Benefits: $ 19,151 $ 81,677 $ 28,937 $ 136,106 $ 714,795 $ 13,815 $ 96,762 $ 7,000,000 $ 1 $ 521
Expenses: $ 0 $ 5 $ 164 $ 84 $ 653 $ 74 $ 157 $ 5 $ 2 $ 73 $ 59
  Commission: $ 56 $ 3,972 $ 416 $ 5 $ 571 $ 590 $ 1 $ 1 $ 411 $ 775
Net Income: $ 176,526 $ 669,810 $ 914,184 $ 93,443($ 963,921)($ 26,746) $ 42,157 $ 783,423 $ 89,593 $ 42,667 $ 41,221 $ 12,959
Net Assets: $ 956,809 $ 268,119 $ 496,578 $ 377,058 $ 986,533 $ 130,577 $ 744,630 $ 595,966 $ 506,612 $ 180,992 $ 344,316 $ 16,193

Participants

202120202019201820172016201520142013201220112010
Total Participants:437067905230974229512522
Active Part.:2203006033293142e501b545
Retired Part.:887d6db624cf9b91ece989 a
Deceased Part.:0b158176dd5df516bfe

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.

    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.