GOLDEN CARRIERS INC

1120 GLOBE AVE
MOUNTAINSIDE, NJ 07092

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 in-line with peers, in the 62nd percentile.
  • 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.

  • 17% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 99th percentile at 20.4% of the market.
Good

Business Stats

Policy History

Term Exp. Mod Carrier Premium
2023

2022
AR
2022
AR
2022

2021

2020

2019

2018

2017

2016

2015

2014

2013

2013

Contacts

VBYJPPQ CDCOY
Benefits Admin
(226) 643-4176
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TCOOBAN RTXOP
Benefits Admin
(311) 366-0773
bef

MRCK PMJCX
Benefits Admin
(217) 841-5966
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Nugf Jhvyl
President
(402) 596-6496
7743e

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dmst@ckgwleusetbmrm.zfa

Industry Classification

Retirement Benefits

Financials

20202019201820172016201520142013201220112010
BOY Assets: $ 498,325 $ 149,047 $ 533,895 $ 167,064 $ 347,201 $ 872,414 $ 3,889,270 $ 613,451 $ 640,847 $ 463,264 $ 916,823
Liabilities: $ 0 $ 0 $ 7 $ 3 $ 436 $ 32 $ 5
EE Contrib: $ 37,553 $ 71,529 $ 657 $ 60,285 $ 13,496 $ 77,172 $ 12,711 $ 91,032 $ 67,370 $ 7,631 $ 49,936
Emp Contrib: $ 7,440 $ 384 $ 2,262 $ 61,227 $ 64 $ 6,810 $ 30 $ 335 $ 6
Income/Loss: $ 66,709 $ 2,276($ 56,845) $ 62,521 $ 71,939 $ 9,054($ 42,132) $ 56,667 $ 16,532 $ 69,204($ 32,519)
Total Income: $ 111,702 $ 333,279 $ 98,192 $ 423,224 $ 43,226 $ 40,058 $ 53,134 $ 56,536 $ 354,583 $ 22,855 $ 5,652
Paid Benefits: $ 46,352 $ 497,173 $ 7 $ 9,312 $ 276,464 $ 452,067 $ 6,189 $ 94,572 $ 29,237 $ 30,770
Expenses: $ 0 $ 4 $ 7 $ 2 $ 677
  Commission: $ 2,915 $ 4,668 $ 8,920 $ 2,722 $ 1,110 $ 6,786 $ 8,585 $ 8,085 $ 1,500 $ 6,455 $ 285
Net Income: $ 62,435($ 770,200) $ 15,108 $ 340,772 $ 89,913($ 725,568)($ 818,011) $ 59,086 $ 16,632 $ 3,079($ 7,586)
Net Assets: $ 560,760 $ 204,308 $ 551,839 $ 570,057 $ 775,573 $ 982,895 $ 409,199 $ 8,281,918 $ 982,495 $ 364,546 $ 269,724

Participants

20202019201820172016201520142013201220112010
Total Participants:866971852818144454497
Active Part.:64133282b64b402
Retired Part.:89148f51fd8bf5680a611a0b
Deceased Part.:740c88872cc 95cfa4c8

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.

    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.

Motor Carrier