IRONBOUND SUPPLY

PO BOX 5210
NEWARK, NJ 07105

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 29th 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.

  • 6% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 99th percentile at 27.1% of the market.
Good

Business Stats

Policy History

Term Exp. Mod Carrier
2023

2022

2021

2020

2019

2018

2018

2017

2016

2015

2014

2013

2012

Contacts

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V P Procurement, Business Develo
(892) 549-0838
cspvz@oeronxbcb.itu

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Benefits Admin
(513) 528-3277
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Benefits Admin
(950) 205-5281
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(088) 064-6980
64580

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 3,257,902 $ 2,944,666 $ 1,200,741 $ 3,467,883 $ 8,845,207 $ 2,564,090 $ 4,018,672 $ 453,363 $ 2,442,258 $ 70,747 $ 4,306,149 $ 2,750,256
Liabilities: $ 0 $ 3 $ 4 $ 1 $ 9 $ 3 $ 96 $ 313
EE Contrib: $ 23,497 $ 62,159 $ 65,064 $ 29,016 $ 50,447 $ 5,154 $ 33,096 $ 68,653 $ 79,620 $ 35,225 $ 3,066 $ 52,294
Emp Contrib: $ 15,907 $ 2,687 $ 1,256 $ 3,556 $ 51,799 $ 76,212 $ 7,033 $ 65,332 $ 47,185 $ 81,753 $ 76,279 $ 7,338
Income/Loss: $ 266,416 $ 225,387 $ 531,179($ 402,878) $ 784,449 $ 751,269($ 57,536) $ 50,201 $ 161,987 $ 706,530($ 709,407) $ 254,089
Total Income: $ 305,820 $ 953,744 $ 1,747($ 237,275) $ 794,945 $ 395,043($ 75,744) $ 384,116 $ 421,443 $ 738,911($ 804,236) $ 912,513
Paid Benefits: $ 136,914 $ 60,263 $ 3,178 $ 3,553 $ 191,790 $ 46,807 $ 580,795 $ 43,724 $ 8,256 $ 75,720 $ 2,744 $ 753
Expenses: $ 0 $ 4 $ 4 $ 4 $ 43 $ 8 $ 1 $ 49
  Commission: $ 3,495 $ 4,934 $ 2,407 $ 5,989 $ 1,034 $ 1,686 $ 2,518 $ 9,742 $ 3,008 $ 472 $ 9,392 $ 65,311
Net Income: $ 165,411 $ 695,069 $ 850,572($ 108,703) $ 385,868 $ 61,885($ 244,662) $ 74,405 $ 803,411 $ 276,123($ 760,652) $ 354,829
Net Assets: $ 3,423,313 $ 6,439,192 $ 4,141,554 $ 2,355,432 $ 4,349,317 $ 746,226 $ 6,133,123 $ 3,499,910 $ 3,073,874 $ 2,369,101 $ 9,706,561 $ 8,900,822

Participants

202120202019201820172016201520142013201220112010
Total Participants:157340277534446558987449
Active Part.:903856816148706183f89b
Retired Part.:07e8adcbea33ad83a388
Deceased Part.:4a39527579 a225a0ada f

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.

    2S - Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.

    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