ADVANCED SOIL TECHNOLOGIES

990 CEDAR BRIDGE AVE STE B7
BRICK, NJ 08723

Talking Points

Premium

Worker's Comp premium is based on two key factors - the LCM your carrier has filed to use, and the total payroll you run over the policy term, which is multiplied by the rate to determine premium. Comparing premium to businesses in the same industry and of similar size can indicate how fair your WC insurance provider's costs are relative to the market.

  • Premium is Higher than 87% of peers.
Needs Attention

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 very good. It is in the 17th percentile compared to peers.
  • 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.

  • 8% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 75th percentile at 6.5% of the market.
Good

Business Stats

Policy History

Term Exp. Mod Carrier Premium
2023
AR
2022
AR
2021
AR
2020

2019

2018

2017

2016

2015

2014

Contacts

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Benefits Admin
(182) 928-8344
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6
(872) 504-4729
845

Industry Classification

Retirement Benefits

Financials

202120202019
BOY Assets: $ 134,000 $ 5,493 $ 56
Liabilities: $ 0
EE Contrib: $ 8,577 $ 3,857 $ 8,399
Emp Contrib: $ 55,619 $ 96,560 $ 55,648
Income/Loss: $ 18,626 $ 61,124 $ 51
Total Income: $ 82,822 $ 5,093 $ 71,610
Paid Benefits: $ 0 $ 9
Expenses: $ 0 $ 7
  Commission: $ 100 $ 44 $ 293
Net Income: $ 82,722 $ 3,150 $ 61,348
Net Assets: $ 216,722 $ 796,604 $ 72,135

Participants

202120202019
Total Participants:580
Active Part.:403
Retired Part.:3d8a1
Deceased Part.:f807

Insurance

No Insurance Coverage

Providers

No Providers

Features

    2A - Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).

    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.

    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.

    2R - Participant-directed brokerage accounts provided as an investment option under the plan.