SORREL LOGISTICS CORPORATION

637 INWOOD LN
SOUTH ORANGE, NJ 07079

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 43rd 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.

  • 15% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 1st percentile at 0.1% of the market.
Needs Attention

Business Stats

Policy History

Term Exp. Mod Carrier
2023

2022

2021

2020

2019

2019

2018

2017

2016

2015

Contacts

Xod Azsrpcbyb
Principal
(716) 322-0162
3cc9

Industry Classification

Retirement Benefits

Financials

20212020201920182017201620152014
BOY Assets: $ 222,804 $ 676,760 $ 616,921 $ 46,690 $ 888,152 $ 190,713 $ 575,873 $ 4
Liabilities: $ 0 $ 5 $ 1
EE Contrib: $ 0 $ 6 $ 6 $ 4 $ 9 $ 437,010
Emp Contrib: $ 0 $ 9 $ 84 $ 7 $ 80 $ 3 $ 3
Income/Loss: $ 588,565 $ 14,510 $ 8,940 $ 360,185($ 905,976)($ 5,118)($ 2,166)($ 81,014)
Total Income: $ 588,565 $ 55,884 $ 8,810 $ 461,753($ 99,183)($ 1,608)($ 66,373) $ 313,699
Paid Benefits: $ 0 $ 6 $ 4 $ 900 $ 2 $ 0
Expenses: $ 0 $ 36 $ 6 $ 3 $ 87
  Commission: $ 0 $ 61 $ 7 $ 31 $ 1 $ 1
Net Income: $ 588,565 $ 45,628 $ 9,394 $ 530,139($ 935,943)($ 7,986)($ 59,290) $ 5,779
Net Assets: $ 811,369 $ 685,114 $ 830,760 $ 574,870 $ 77,021 $ 869,971 $ 849,311 $ 221,135

Participants

20212020201920182017201620152014
Total Participants:33802061
Active Part.:34588015
Retired Part.:821a033d1 16b
Deceased Part.:849c1d8586aca0b

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.

    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