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 45th 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.

  • 11% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 99th percentile at 24.7% of the market.
Good

Similar Businesses

ALT GLOBAL LLC
OPA LOCKA PALLETS
MALONEY & CURCIO INC
CROSSFIRE TECHNICAL SERVICES LLC
BELL RIDGE PLUMBING SUPPLY CORP
A&K ENTERPRISES, INC

Business Stats

County
FEIN
Bureau ID
Renewal Mod
PEO
Employees
Sales
OSHA Violations
OSHA Penalty Amount
Drivers
Power Units
Auto Carrier

Policy History

Term Exp. Mod Carrier
2024

2023

2022

2021

2020

2019

2018

2018

2017

2016

2015

2014

2013

2012

Contacts

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President
(833) 177-3758
otoftnwi@fkgptoeau.ora
Qwpw Njdeqlo
V P Procurement, Business Develo
(741) 146-9631
oaqbi@vwrbfahrt.bnu
GYBJAT QPQY
Benefits Admin
(480) 989-2000
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Industry Classification

Industry
Class
 PLUMBERS’ SUPPLIES DEALER & Drivers NPD
Loss Cost
NAICS
 Wood Container and Pallet Manufacturing
SIC
 Lumber and Other Building Materials
Related GL Codes* 10255
Building Material Dealers--Other Than Secondhand Material
12651
Fence Dealers
14279
Home Improvement Stores
16527
Plumbing Supplies and Fixtures Dealers and Distributors
Related Class Codes*
Related SIC Codes*

Retirement Benefits

Financials

2022202120202019201820172016201520142013201220112010
BOY Assets: $ 3,423,313 $ 9,589,662 $ 1,414,188 $ 7,951,195 $ 3,112,214 $ 1,710,288 $ 4,942,634 $ 6,581,651 $ 1,311,440 $ 8,358,805 $ 3,497,406 $ 2,009,586 $ 6,716,884
Liabilities: $ 0 $ 47 $ 47 $ 1 $ 34 $ 3 $ 793
EE Contrib: $ 22,695 $ 91,697 $ 54,018 $ 46,611 $ 10,693 $ 91,617 $ 56,042 $ 46,867 $ 36,584 $ 52,893 $ 85,368 $ 55,990 $ 52,897
Emp Contrib: $ 15,284 $ 93,087 $ 24,507 $ 2,621 $ 1,575 $ 91,938 $ 61,359 $ 95,320 $ 60,976 $ 61,860 $ 61,224 $ 72,880 $ 4,709
Income/Loss:($ 419,193) $ 730,279 $ 527,111 $ 39,967($ 669,579) $ 184,845 $ 348,991($ 14,880) $ 97,210 $ 518,287 $ 780,923($ 34,695) $ 263,047
Total Income:($ 381,214) $ 902,078 $ 840,260 $ 309,563($ 479,390) $ 417,887 $ 665,547($ 7,446) $ 817,504 $ 886,640 $ 4,238($ 552,753) $ 549,222
Paid Benefits: $ 202,027 $ 910,408 $ 45,916 $ 38,705 $ 20,866 $ 878,183 $ 70,491 $ 74,723 $ 10,593 $ 82,771 $ 64,743 $ 4,347 $ 1,529
Expenses: $ 0 $ 5 $ 3 $ 5 $ 13 $ 64 $ 9 $ 6 $ 87 $ 8 $ 4
  Commission: $ 3,636 $ 107 $ 2,930 $ 6,471 $ 4,223 $ 5,088 $ 4,487 $ 7,362 $ 1,438 $ 9,962 $ 6,904 $ 2,023 $ 66,458
Net Income:($ 586,877) $ 389,271 $ 168,401 $ 903,196($ 104,567) $ 243,019 $ 64,983($ 955,671) $ 17,484 $ 478,785 $ 876,685($ 463,241) $ 171,788
Net Assets: $ 2,836,436 $ 9,782,783 $ 8,973,837 $ 3,316,079 $ 6,210,433 $ 5,354,473 $ 2,652,124 $ 7,944,518 $ 5,938,277 $ 9,268,374 $ 1,511,271 $ 744,973 $ 1,928,397

Participants

2022202120202019201820172016201520142013201220112010
Total Participants:15867411357645652547037968
Active Part.:7095074642783555194b6e8
Retired Part.:aaa479d233cd75a3ea80d0
Deceased Part.:20d3fdae29 34beda370d4

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

Class Codes - Just The Start


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