SOLUS ALTERNATIVE ASSET MANAGEMENT LP

25 MAPLE STREET
SUMMIT, NJ 07901

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

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 42nd percentile.
Good

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.

  • 10% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 95th percentile at 5.7% of the market.
Good

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2022

1.645
2022

-
2022

1.742
2022

-
2021

1.742
2021
12-15-2021

-
2015

1.150

Contacts

GOEYDPK L. QJLKZ
Benefits Admin
(619) 640-3676
36068

Zewceorztc Dbmssjr
Partner
(800) 054-8771
833

Industry Classification

Retirement Benefits

Financials

2021202020192018201720162015
BOY Assets: $ 26,905,521 $ 59,620,169 $ 99,364,095 $ 60,186,518 $ 41,262,284 $ 72,472,224 $ 83,770,748
Liabilities: $ 0 $ 15 $ 2 $ 8 $ 1 $ 4
EE Contrib: $ 589,915 $ 565,233 $ 7,236,577 $ 9,453,665 $ 598,196 $ 279,507 $ 88,603
Emp Contrib: $ 418,964 $ 304,815 $ 58,771 $ 686,235 $ 263,475 $ 347,678 $ 624,157
Income/Loss: $ 7,277,501 $ 219,643 $ 100,782($ 610,543) $ 2,501,318 $ 14
Total Income: $ 8,286,380 $ 7,338,981 $ 4,125,069 $ 306,173 $ 2,114,573 $ 4,683,397 $ 2,445,436
Paid Benefits: $ 3,368,448 $ 4,064,559 $ 488,378 $ 118,472 $ 782,028 $ 278,907 $ 607,424
Expenses: $ 0 $ 0 $ 4 $ 44 $ 8
  Commission: $ 1,212 $ 914 $ 403 $ 952 $ 6,981 $ 56,601 $ 3,713
Net Income: $ 4,916,720 $ 783,745 $ 6,486,210 $ 295,809 $ 8,433,511 $ 2,403,099 $ 576,638
Net Assets: $ 31,822,241 $ 2,180,405 $ 35,052,734 $ 32,326,115 $ 25,758,089 $ 80,536,174 $ 26,977,913

Participants

2021202020192018201720162015
Total Participants:72455987788321
Active Part.:32092935077291
Retired Part.:f4f9ddecc04f99
Deceased Part.:61a1a1b99609c6

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.

    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.

    2R - Participant-directed brokerage accounts provided as an investment option under the plan.

    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.

    3H - Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).