F&S PRODUCE CO., INC.

500 W ELMER RD
VINELAND, NJ 08360

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 55th percentile.
  • Mod decreased by more than 75% of peers.
Average

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.

  • 21% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 95th percentile at 15.8% of the market.
Good

OSHA

Most employers with 10 or more employees are required to maintain injury and illness records, known as the 300 log. In the event of an inspection, this information will likely be requested. Even without injury or claim, the proper documentation should be readily available on a location by location basis. These logs are critical but simple to maintain.

  • Businesses with serious and/or repeat violations should be provided with risk management practices to eliminate unnecessary risk and minimize what must exist in current processes.
Needs Attention

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2023

-
2022

-
2022

-
2021

-
2021
10-02-2021

-
2020

-
2019

-
2019
10-02-2019

1.300
2018

-
2018

-
2018

-
2018

1.302
2017

-
2017

-
2017

1.302
2016

-
2016

1.302
2016
10-02-2016

-
2015

-
2015

-
2014

-
2014

-
2013

-
2013
10-02-2013

-

Contacts

NNWOK UQFQ
Benefits Admin
(826) 448-7106
31171

MWAGB XSTH
Benefits Admin
(918) 412-4901
c7801

GVDYGPR ACDRJREY
Benefits Admin
(476) 809-1487
8740

QOLMLER MLIEUCV
Benefits Admin
(220) 445-8447
7b1a

SSTBD ITPKQM
Benefits Admin
(713) 309-0985
af7

Jzt Wybmsjmz Gs
President
(876) 436-0875
odbkk@aikllubddldfdzi.gmm

b
81
rfgn@zaydpuegqfmnbmg.nkx

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 5,089,960 $ 6,009,583 $ 9,488,326 $ 130,170 $ 3,440,248 $ 5,756,412 $ 1,380,367 $ 5,095,372 $ 2,950,464 $ 9,692,730 $ 4,928,437 $ 7,791,665
Liabilities: $ 0 $ 1 $ 29 $ 486 $ 80 $ 34 $ 761 $ 786 $ 847
EE Contrib: $ 644,471 $ 18,773 $ 370,700 $ 219,277 $ 345,839 $ 48,892 $ 916,658 $ 345,951 $ 82,391 $ 418,599 $ 712,803 $ 784,860
Emp Contrib: $ 279,697 $ 647,028 $ 921,404 $ 324,583 $ 363,731 $ 897,960 $ 10,209 $ 78,080 $ 13,432 $ 68,251 $ 72,873 $ 34,903
Income/Loss: $ 173,012 $ 850,581 $ 586,441($ 792,959) $ 540,846 $ 47,387 $ 470 $ 425 $ 117,136 $ 153,502($ 41,815) $ 521,083
Total Income: $ 1,688,942 $ 5,637,148 $ 5,920,167 $ 19,517 $ 255,343 $ 458,841 $ 234,612 $ 178,114 $ 500,593 $ 190,205 $ 859,614 $ 39,288
Paid Benefits: $ 638,880 $ 459,545 $ 369,022 $ 883,592 $ 54,006 $ 337,964 $ 123,650 $ 752 $ 698,166 $ 958,132 $ 50,105 $ 85,190
Expenses: $ 0 $ 1 $ 645 $ 251 $ 4 $ 6 $ 64
  Commission: $ 16,601 $ 23,589 $ 14,158 $ 68,950 $ 1,470 $ 30,202 $ 61,990 $ 23,350 $ 91,984 $ 30,425 $ 88,760 $ 5,555
Net Income: $ 1,033,461 $ 9,835,513 $ 776,358 $ 122,458 $ 615,290 $ 725,468($ 239,023) $ 845,275 $ 75,199($ 32,140) $ 29,477 $ 931,744
Net Assets: $ 6,123,421 $ 4,015,119 $ 4,365,211 $ 4,542,185 $ 6,915,867 $ 6,509,179 $ 3,975,834 $ 8,991,474 $ 6,221,256 $ 9,685,116 $ 8,962,760 $ 3,091,191

Participants

202120202019201820172016201520142013201220112010
Total Participants:754978962040480796882408794497362380
Active Part.:716577970612048199461697202835488882
Retired Part.:1815f74f497f5 6a711
Deceased Part.:c94cb2b1f891f9bce8918c6b1598

Insurance

No Insurance Coverage

Providers

SPM UHTZGDCIJ IDAHRCXI, EWG
C/O NATIONAL FINANCIAL SERVICE PO BOX 771115
CINCINNATI, OH 45277
Investment advisory (participants)
Recordkeeping and information management (computing, tabulating, data processing, etc.)
Compensation:$13,633
Relation:ADVISOR
WQCMDXK DTHXD, SEY.Investment advisory (participants)
Recordkeeping and information management (computing, tabulating, data processing, etc.)
Compensation:$2,968
Relation:RECORDKEEPER

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.

    3F - Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.

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

Health Benefits

Financials

20212020201920182017201620152014
BOY Assets: $ 0 $ 9 $ 9 $ 4 $ 208
Liabilities: $ 0 $ 5 $ 9 $ 7 $ 78
EE Contrib: $ 0 $ 9 $ 198 $ 53 $ 893
Emp Contrib: $ 0 $ 3 $ 710 $ 7 $1,000,000,000 $ 9
Income/Loss: $ 0 $ 0 $ 46 $ 3 $ 2 $ 3
Total Income: $ 0 $ 9 $ 47 $ 7 $ 4
Paid Benefits: $ 0 $ 7 $ 79 $ 248 $ 9 $ 14
Expenses: $ 0 $ 10 $ 3 $ 21 $ 0
  Commission: $ 0 $ 9 $ 3 $ 3 $ 47 $ 7
Net Income: $ 0 $ 44 $ 859 $ 23 $ 793
Net Assets: $ 0 $ 64 $ 28

Participants

20212020201920182017201620152014
Total Participants:651436856710958862318580
Active Part.:650812364328275689521632
Retired Part.:143c6558
Deceased Part.:989d98 315cd89c

Insurance

BTOATYQ AFBBINWFGG RWXJTUDU, ZCR
Renewal:10-31-2021
Covered:174
  1. Health
  2. Dental
  3. Prescription Drug

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 13,973
Commission4% $ 559
Fees0% $ 0
Brokers
BNXWLWB IEKOBVIRRD FPXJDR, XJR.
Renewal:10-31-2021
Covered:115
  1. Dental

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 30,575
Commission4.7% $ 1,436
Fees0% $ 0
Brokers
NQXGKP KGITAWW TBAW
Renewal:10-31-2021
Covered:161
  1. Vision

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 16,091
Commission5.72% $ 921
Fees0% $ 0
Brokers
CKNDUE LO YGVUW RJLM THNGENCOR RSAOIOD
Renewal:10-31-2021
Covered:659
  1. Life Insurance
  2. AD&D

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 45,782
Commission15% $ 6,867
Fees0% $ 0
Brokers
DSRXEMIRSAQJSNFZ LLUMIHERS AFIXVIU
Renewal:10-31-2021
Covered:265
  1. Health

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 1,573,981
Commission3.1% $ 48,775
Fees0% $ 0
Brokers

Providers

No Providers

Features

    4A - Health (other than vision or dental).

    4D - Dental.

    4B - Life insurance.

    4E - Vision.

    4Q - Other.


OSHA