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

Business Stats

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

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V P Procurement, Business Develo
(741) 146-9631
oaqbi@vwrbfahrt.bnu

GYBJAT QPQY
Benefits Admin
(480) 989-2000
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Industry Classification

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