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 high. It is in the 90th percentile compared to peers.
  • Mod increased by more than 75% of peers.
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.

  • 16% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 99th percentile at 20.7% of the market.
Good

Business Stats

Policy History

Term Exp. Mod Carrier Premium
2024

2023

2022
AR
2022
AR
2022

2021

2020

2019

2018

2017

2016

2015

2014

2013

2013

Contacts

WOIQ UHCDN
Benefits Admin
(626) 664-9092
wwipec@cvclxzanzqjfjx.lfl

SQHYCUD C TNGAA
Benefits Admin
(311) 784-4264
eea

Liws Umusf
Chief Executive Officer
24f
jrypsc@icrntgflxfavqb.utu

Tdes Ihqil
President
(918) 033-4818
0a4b1

Industry Classification

Retirement Benefits

Financials

2022202120202019201820172016201520142013201220112010
BOY Assets: $ 662,089 $ 616,052 $ 7,914 $ 556,645 $ 897,026 $ 10,649 $ 505,164 $ 557,616 $ 9,375,291 $ 22,279 $ 642,691 $ 943,500 $ 763,346
Liabilities: $ 0 $ 76 $ 2 $ 2 $ 3 $ 65 $ 23
EE Contrib: $ 67,758 $ 4,247 $ 37,624 $ 45,219 $ 9,935 $ 47,388 $ 89,922 $ 33,582 $ 23,521 $ 65,165 $ 30,513 $ 37,748 $ 79,695
Emp Contrib: $ 0 $ 3,779 $ 7,343 $ 7,069 $ 88,698 $ 1,066 $ 1 $ 1
Income/Loss:($ 75,940) $ 58,634 $ 10,119 $ 40,387($ 15,472) $ 57,383 $ 86,759 $ 3,870($ 13,993) $ 23,604 $ 59,869 $ 93,326($ 12,749)
Total Income:($ 8,182) $ 646,608 $ 392,633 $ 986,600 $ 95,970 $ 216,247 $ 50,861 $ 29,207 $ 72,155 $ 2,550 $ 61,702 $ 9,746 $ 6,750
Paid Benefits: $ 548 $ 3,688 $ 14,679 $ 758,087 $ 7 $ 31 $ 4,712 $ 816,600 $ 378,306 $ 7,915 $ 75,144 $ 67,295 $ 49,565
Expenses: $ 0 $ 71 $ 6 $ 791 $ 71 $ 9
  Commission: $ 2,387 $ 4,925 $ 3,035 $ 5,393 $ 420 $ 7,226 $ 12 $ 6,002 $ 1,155 $ 5,089 $ 6,586 $ 9,921 $ 207
Net Income:($ 11,117) $ 365,613 $ 70,602($ 119,712) $ 15,475 $ 688,677 $ 65,787($ 900,256)($ 801,226) $ 83,719 $ 14,590 $ 702($ 66,873)
Net Assets: $ 650,972 $ 118,623 $ 60,257 $ 178,482 $ 245,991 $ 170,501 $ 973,865 $ 738,068 $ 406,877 $ 3,875,651 $ 513,079 $ 853,521 $ 14,347

Participants

2022202120202019201820172016201520142013201220112010
Total Participants:75984544279212920473484
Active Part.:69250529918d341aac97
Retired Part.:6f0066c1f311f8041aad84
Deceased Part.:8a278 c7cfc87afcceca7c949

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