SEASHORE ASSOCIATED MECHANICAL CONTRACTORS INC

360 S MANNEIM AVE
EGG HARBOR CITY, NJ 08215

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.
  • 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.

  • 13% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 99th percentile at 15.9% of the market.
Good

Similar Businesses

Business Stats

Policy History

Term Exp. Mod Carrier
2024

2023

2022

2021

2020

2019

2018

2017

2016

2015

2014

2014

2013

2012

Contacts

Gsg Yhovc
Owner
(065) 217-0210
72 b9

LLFTNT N. JTQWO, FLK
Benefits Admin
(452) 129-3115
52a8

Rgdswe Yaete
President
(421) 958-5140
2e72c

Industry Classification

Retirement Benefits

Financials

2022202120202019201820172016201520142013201220112010
BOY Assets: $ 688,452 $ 76,079 $ 95,274 $ 751,725 $ 718,080 $ 233,184 $ 87,891 $ 641,231 $ 336,045 $ 923,517 $ 152,552 $ 670,852 $ 562,128
Liabilities: $ 0 $ 80 $ 3 $ 6 $ 0 $ 5 $ 8
EE Contrib: $ 1,669 $ 6,784 $ 8,297 $ 4,166 $ 6,970 $ 4,005 $ 5,427 $ 5,636 $ 1,100 $ 3,872 $ 5,620 $ 74,375 $ 71,834
Emp Contrib: $ 0 $ 7 $ 9 $ 9 $ 0 $ 11 $ 4 $ 7 $ 4
Income/Loss:($ 128,073) $ 79,675 $ 56,848 $ 75,463($ 94,133) $ 57,281 $ 25,318 $ 7,265 $ 63,514 $ 50,293 $ 90,782($ 3,605) $ 9,535
Total Income:($ 126,404) $ 91,941 $ 56,307 $ 70,079($ 62,242) $ 14,316 $ 58,837 $ 7,127 $ 68,029 $ 71,246 $ 8,445 $ 65,167 $ 48,118
Paid Benefits: $ 26,899 $ 21,516 $ 31 $ 13,965 $ 14,410 $ 9,518 $ 54,423 $ 53,064 $ 11,552 $ 6,525 $ 79,275 $ 86,118 $ 2,584
Expenses: $ 0 $ 66 $ 9 $ 2 $ 6 $ 9 $ 5 $ 5 $ 9
  Commission: $ 0 $ 7 $ 60 $ 9 $ 464 $ 9 $ 7 $ 959 $ 134 $ 762 $ 535 $ 499
Net Income:($ 153,303) $ 5,091 $ 14,458 $ 33,350($ 35,949) $ 1,597 $ 41,979($ 45,430) $ 8,370 $ 80,855 $ 3,760 $ 88,713 $ 76,148
Net Assets: $ 535,149 $ 342,598 $ 559,453 $ 663,386 $ 519,121 $ 242,039 $ 502,951 $ 181,753 $ 881,013 $ 684,979 $ 450,473 $ 953,583 $ 145,716

Participants

2022202120202019201820172016201520142013201220112010
Total Participants:6537523184072
Active Part.:39227425431b5c64
Retired Part.:ce4e0600e2411673c7873a144241
Deceased Part.:6f313154fcfc799c2639e1976a9

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

    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.

    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.