RICHOMME, INC

205 LEE PL
HACKENSACK, NJ 07601

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 41st 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.

  • 12% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 1st percentile at 1.5% of the market.
Needs Attention

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2023

-
2022

-
2022

-
2021

-
2020

-
2020

1.283
2020

1.283
2019

-
2019

1.283
2018

-
2018

1.283
2017

-
2016

-
2016

1.283
2016

1.283
2015

-
2014

-
2013

-

Contacts

PLVM TRWAZGA
Benefits Admin
(118) 908-0063
5601b

Sbyj Df Fxmyg
Owner
(084) 992-5734
89af7

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 2,032 $ 528,825 $ 634,981 $ 86,501 $ 751,348 $ 458,541 $ 518,888 $ 397,263 $ 986,042 $ 725,292 $ 792,268 $ 2
Liabilities: $ 0 $ 7 $ 0 $ 8 $ 8
EE Contrib: $ 0 $ 10,313 $ 77,019 $ 95,621 $ 6,006 $ 91,067 $ 16,399 $ 3 $ 5 $ 36 $ 51,037
Emp Contrib: $ 0 $ 7,153 $ 4,308 $ 7,596 $ 96,895 $ 31,418 $ 19,493 $ 3 $ 3
Income/Loss:($ 14)($ 28,873) $ 1,483($ 51,409) $ 30,426 $ 22,688 $ 1,990 $ 4,920 $ 46,116 $ 34,305($ 5,557) $ 1
Total Income:($ 14) $ 98 $ 37,701 $ 41,893 $ 37,897 $ 90,452 $ 75,098 $ 5,248 $ 40,642 $ 87,835($ 4,178) $ 212,959
Paid Benefits: $ 1,913 $ 493,412 $ 74,602 $ 2,000 $ 1,483 $ 3 $ 50 $ 5 $ 8 $ 0
Expenses: $ 0 $ 791 $ 1 $ 7
  Commission: $ 105 $ 7,904 $ 406 $ 984 $ 4 $ 8 $ 8
Net Income:($ 2,032)($ 628,775) $ 90,341 $ 52,454 $ 41,317 $ 66,301 $ 1,630 $ 5,843 $ 15,022 $ 70,270($ 4,055) $ 329,048
Net Assets: $ 0 $ 7,023 $ 454,195 $ 444,977 $ 118,880 $ 992,711 $ 796,231 $ 480,351 $ 888,558 $ 476,833 $ 790,545 $ 757,356

Participants

202120202019201820172016201520142013201220112010
Total Participants:42135058096
Active Part.:e3827311010212e8e
Retired Part.:e2d2454ffe60df7546b8b27e7f84
Deceased Part.:c54f0de4f0 a6f70042c0

Insurance

No Insurance Coverage

Providers

No Providers

Features

    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.

    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.