STYLEX INC

740 COOPERSTOWN RD PO BOX 5038
DELANCO, NJ 08075

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 25th percentile.
  • There was a recent mod decrease.
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.

  • 15% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 95th percentile at 25% of the market.
Good

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 LCM
2023

-
2023

1.100
2022

-
2022

-
2022

1.095
2022

-
2022

1.043
2021

1.192
2021

-
2021

-
2021

1.544
2021

-
2020

1.192
2020

-
2020

-
2020

1.544
2020

-
2019

1.272
2019

-
2019

0.926
2019

-
2018

-
2017

-
2017

-
2016

-
2016

-
2015

-
2015

-
2014

-
2014

-
2013

-

Contacts

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Benefits Admin
(982) 104-4952
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(933) 673-6407
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Owner
(340) 105-2490
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Benefits Admin
(005) 291-8576
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Benefits Admin
(927) 903-1291
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Benefits Admin
(280) 671-7145
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Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 5,387,169 $ 2,827,818 $ 6,248,673 $ 475,853 $ 3,763,230 $ 6,885,054 $ 2,686,085 $ 912,371 $ 7,705,601 $ 9,558,999 $ 7,581,739 $ 9,992,270
Liabilities: $ 0 $ 4 $ 39 $ 53 $ 2 $ 4 $ 1 $ 0 $ 32
EE Contrib: $ 433,933 $ 890,271 $ 437,249 $ 274,618 $ 372 $ 819,669 $ 200,747 $ 478,752 $ 244,894 $ 721,704 $ 83,063 $ 818,904
Emp Contrib: $ 40,753 $ 16,437 $ 46,027 $ 50,577 $ 30,136 $ 89,627 $ 5,735 $ 36,936 $ 36,809 $ 80,973 $ 9,063 $ 7
Income/Loss: $ 916,505 $ 792,472 $ 229,617($ 70,461) $ 541,395 $ 473,427 $ 53,471 $ 152,960 $ 436,656 $ 503,405($ 704,472) $ 830,797
Total Income: $ 1,391,191 $ 2,343,971 $ 6,676,032 $ 56,973 $ 6,502,846 $ 137,946 $ 298,588 $ 770,125 $ 371,910 $ 881,758 $ 7,775 $ 159,376
Paid Benefits: $ 128,999 $ 61,740 $ 733,988 $ 198,761 $ 246,092 $ 368,131 $ 95,927 $ 471,613 $ 668,697 $ 58,552 $ 6,539 $ 88,634
Expenses: $ 0 $ 0 $ 302 $ 0 $ 53 $ 997 $ 53 $ 0 $ 154
  Commission: $ 7,690 $ 9,486 $ 7,052 $ 3,291 $ 4,483 $ 935 $ 7,842 $ 2,895 $ 9,214 $ 203 $ 499 $ 352
Net Income: $ 1,254,502 $ 5,795,656 $ 463,668($ 907,601) $ 5,495,057($ 4,450) $ 1,839 $ 874,574 $ 310,718 $ 340,282($ 48,910) $ 476,354
Net Assets: $ 6,641,671 $ 5,611,869 $ 4,061,533 $ 4,335,483 $ 2,491,894 $ 9,912,905 $ 1,290,851 $ 8,907,435 $ 4,675,604 $ 3,890,228 $ 5,570,292 $ 1,625,397

Participants

202120202019201820172016201520142013201220112010
Total Participants:780599600119536553275742
Active Part.:64148551322205369980ae0f
Retired Part.:0a5a485625c2c88856e538
Deceased Part.:2680a9 2e60412c8 a1

Insurance

No Insurance Coverage

Providers

No Providers

Features

    2E - Profit-sharing

    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.

    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.

    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.

    2T - Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

Health Benefits

Financials

2021202020192018201720162015
BOY Assets: $ 0 $ 4 $ 1 $ 9 $ 65
Liabilities: $ 0 $ 0 $ 43 $ 0
EE Contrib: $ 0 $ 35 $ 177 $ 6
Emp Contrib: $ 0 $ 96 $ 6 $ 9 $ 80 $ 98
Income/Loss: $ 0 $ 5 $ 9
Total Income: $ 0 $ 7 $ 50 $ 49 $ 47
Paid Benefits: $ 0 $ 5 $ 255 $ 87 $ 5
Expenses: $ 0 $ 7 $ 203 $ 4 $ 0 $ 0 $ 24
  Commission: $ 0 $ 8 $ 9 $ 928 $ 2 $ 1
Net Income: $ 0 $ 61 $ 0 $ 383 $ 31
Net Assets: $ 0 $ 7 $ 739 $ 68 $ 5

Participants

2021202020192018201720162015
Total Participants:200763313827301653765
Active Part.:200487166607222531737
Retired Part.:9e1e7ca686
Deceased Part.:0e35abe2010a2c4

Insurance

ESK ZVEUGVTZ JOKC GPKNIWQBU HIFSMCS II CIFTIII
Renewal:07-31-2021
Covered:103
  1. Dental

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 45,010
Commission10.83% $ 4,876
Fees5.57% $ 2,505
Brokers
IRBMEWHBB HZSY HDNTJPUNS ZKNESQO
Renewal:07-31-2021
Covered:318
  1. Life Insurance
  2. Long Term Disab. Ins
  3. Indemnity Contract

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 32,615
Commission13.58% $ 4,429
Fees0.98% $ 319
Brokers
DOVHOWJXNBZGAQCD PAUWOOMTV OKSKMOA
Renewal:07-31-2021
Covered:271
  1. Health

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 13,253
Commission10.01% $ 1,326
Fees0% $ 0
Brokers

Providers

No Providers

Features

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

    4B - Life insurance.

    4E - Vision.

    4H - Long-term disability.

    4D - Dental.


OSHA

Motor Carrier