AARON & CO INC

30 TURNER PL PO BOX 8310
PISCATAWAY, NJ 08854

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 50th 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.

  • 37% of peers have changed carriers since last year. This might indicate carriers are competing aggresively for similar businesses to cover.
  • Of the 37% of peers who changed carriers, This might indicate carriers are competing aggresively for similar businesses to cover.
  • Current Carrier's market share is in the 1st percentile at 5.3% of the market.
Needs Attention

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
2022

2021

2020

2019

2018

2017

2016

2015

2015

2014

2014

2014

2013

2013

Contacts

EATJU GSML
Benefits Admin
(146) 680-7973
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Uudqo Ufscfhu
President
(226) 547-9154
869

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 20,956,926 $ 72,046,921 $ 31,668,628 $ 83,242,777 $ 1,803,660 $ 20,278,616 $ 12,758,849 $ 41,044,478 $ 52,512,417 $ 820,361 $ 2,424,530 $ 8,224,939
Liabilities: $ 0 $ 6 $ 2 $ 8 $ 3 $ 9 $ 1
EE Contrib: $ 1,115,903 $ 338,166 $ 81,439 $ 833,067 $ 317,408 $ 185,682 $ 229,969 $ 76,303 $ 211,476 $ 465,630 $ 770,275 $ 615,321
Emp Contrib: $ 500,000 $ 371,425 $ 792,543 $ 23,175 $ 634,394 $ 713,879 $ 961,006 $ 806,828 $ 424,066 $ 474,994 $ 954,900 $ 464,067
Income/Loss: $ 616,671 $ 4,234,865 $ 7,931,886($ 9,682,541) $ 7,755,939 $ 778,819($ 913,802)($ 577,208) $ 196,772 $ 583,997($ 846,796) $ 646,855
Total Income: $ 4,163,654 $ 9,544,193 $ 6,989,671 $ 83,245 $ 3,177,092 $ 6,954,891 $ 629,564 $ 4,829,837 $ 1,098,439 $ 821,608 $ 980,321 $ 9,469,103
Paid Benefits: $ 1,102,553 $ 756,327 $ 299,953 $ 2,996,100 $ 662,581 $ 111,928 $ 18,730 $ 281,598 $ 261,709 $ 735,644 $ 878,397 $ 197,510
Expenses: $ 0 $ 2 $ 981 $ 8 $ 272 $ 1 $ 8 $ 19 $ 21 $ 5
  Commission: $ 2,967 $ 4,198 $ 2,921 $ 2,625 $ 8,057 $ 1,213 $ 5,638 $ 7,917 $ 5,259 $ 430 $ 1,017 $ 7,123
Net Income: $ 3,058,134 $ 7,899,684 $ 7,207,383($ 4,372,785) $ 6,854,308 $ 9,364,304($ 914,903) $ 203,427 $ 1,021,328 $ 7,729,319 $ 690,276 $ 495,747
Net Assets: $ 24,015,060 $ 51,022,223 $ 62,507,324 $ 9,567,215 $ 99,797,066 $ 87,783,241 $ 91,748,568 $ 527,159 $ 2,404,526 $ 94,573,212 $ 5,752,728 $ 8,747,753

Participants

202120202019201820172016201520142013201220112010
Total Participants:259104652944940028159034208884893944
Active Part.:211985245702856559964467729290338457
Retired Part.:194c7d 489f248c7eb4bc9
Deceased Part.:20531100957cf92

Insurance

No Insurance Coverage

Providers

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BVRXOLBK ZKBMUBWBUEA WODMEPONNOZSDParticipant loan processing
Sub-transfer agency fees
Recordkeeping fees
Account maintenance fees
Compensation:$2,967
Relation:RECORDKEEPER
MBQ OUHPLDH UGCOther commissions
Compensation:$74,378
Relation:ADVISOR
NILSEMNE LURCDAYCATD YKWEPDGCTSZBD
Source: AMER CAP WORLD BD R4 - AMERICAN FU
Sub-transfer agency fees
Compensation:0.10%
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Source: COL MID CAP IDX A - COLUMBIA MGT I
Sub-transfer agency fees
Compensation:0.10%
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Source: FKLN RISING DIVS A - FRANKLIN TEMP
Sub-transfer agency fees
Compensation:0.25%
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Source: GS SMALL CAP VALUE A - GOLDMAN SAC
Sub-transfer agency fees
Compensation:0.25%
EJCCEMUE UINFVKSKWDF NEHUNUUYBGYZC
Source: INVS COMSTOCK A - INVESCO INVESTME
Sub-transfer agency fees
Compensation:0.35%
VJACCVTF TITRWEXHGRX AKKUXZOUGIGHC
Source: IS S&P 500 IDX A - BNY MELLON INVE
Sub-transfer agency fees
Compensation:0.05%
FMSAIESA KBDZDORXECO IYMRZBZFOHMUK
Source: MFS INTL DIVRSN R3 - MFS SERVICE C
Sub-transfer agency fees
Compensation:0.25%
XXUAPHJI LFODETRCGOL JIDNQVDCFWCDY
Source: MFS MID CAP VALUE R3 - MFS SERVICE
Sub-transfer agency fees
Compensation:0.25%
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Source: PUTNAM INCOME A - PUTNAM INVESTOR
Sub-transfer agency fees
Compensation:0.25%
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Source: TMPL GLB TOT RET A - FRANKLIN TEMP
Sub-transfer agency fees
Compensation:0.25%
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Source: NATIONAL FINANCIAL SERVICES LLC
Other commissions
Compensation:

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.

Health Benefits

Financials

2021202020192018201720162015
BOY Assets: $ 0 $ 0 $ 7 $ 66 $ 0 $ 56
Liabilities: $ 0 $ 5 $ 55 $ 3 $ 4
EE Contrib: $ 0 $ 27 $ 1 $ 8
Emp Contrib: $ 0 $ 3 $ 0 $ 900,000 $ 25
Income/Loss: $ 0 $ 8 $ 4 $ 1 $ 31 $ 9
Total Income: $ 0 $ 24 $ 9 $ 50 $ 34
Paid Benefits: $ 0 $ 8 $ 85 $ 3 $ 94 $ 84
Expenses: $ 0 $ 4 $ 40 $ 435
  Commission: $ 0 $ 1 $ 55
Net Income: $ 0 $ 1 $ 2 $ 5
Net Assets: $ 0 $ 31 $ 5 $ 395 $ 58

Participants

2021202020192018201720162015
Total Participants:201717132787385653331
Active Part.:165756230860882488104
Retired Part.:1022d498cb74
Deceased Part.:cdd146d53a75

Insurance

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Renewal:12-31-2021
Covered:212
  1. Life Insurance
  2. Temp. Disability Insurance
  3. Long Term Disab. Ins
  4. ACCIDENTAL DEATH AND DISMEMBERMENT

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 129,784
Commission15% $ 19,468
Fees0% $ 0
Brokers

Providers

No Providers

Features

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

    4B - Life insurance.

    4D - Dental.

    4F - Temporary disability (accident and sickness).

    4H - Long-term disability.

    4L - Death benefits (include travel accident but not life insurance).


OSHA

Motor Carrier