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 53rd 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.

  • 11% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 99th percentile at 16.2% of the market.
Good

Business Stats

Policy History

Term Exp. Mod Carrier
2023

2022

2021

2020

2019

2018

2017

2016

2015

2014

2014

2013

2012

Contacts

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Owner
(311) 046-6939
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Benefits Admin
(109) 312-3130
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WLEEQG F. ERBOE, KEO
Benefits Admin
(082) 027-9014
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Benefits Admin
(715) 351-8756
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President
(836) 997-1028
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Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 622,312 $ 546,121 $ 464,678 $ 604,041 $ 856,565 $ 717,786 $ 93,363 $ 961,804 $ 818,467 $ 280,168 $ 639,887 $ 496,485
Liabilities: $ 0 $ 586 $ 0 $ 7 $ 182 $ 0
EE Contrib: $ 1,786 $ 3,628 $ 4,303 $ 1,477 $ 1,352 $ 923 $ 5,237 $ 1,119 $ 693 $ 5,149 $ 39,282 $ 5,142
Emp Contrib: $ 0 $ 0 $ 69 $ 16 $ 3 $ 1 $ 1 $ 252 $ 81 $ 9
Income/Loss: $ 89,853 $ 67,200 $ 94,178($ 47,719) $ 81,728 $ 93,712 $ 9,739 $ 24,069 $ 42,563 $ 83,704($ 3,220) $ 38,589
Total Income: $ 91,639 $ 36,292 $ 35,678($ 42,606) $ 22,842 $ 75,733 $ 9,830 $ 58,121 $ 46,147 $ 24,205 $ 19,569 $ 4,462
Paid Benefits: $ 25,499 $ 0 $ 51,599 $ 79,942 $ 3,559 $ 52,733 $ 13,800 $ 30,594 $ 5,089 $ 83,954 $ 25,454 $ 2,998
Expenses: $ 0 $ 2 $ 6 $ 612 $ 7
  Commission: $ 0 $ 31 $ 8 $ 92 $ 120 $ 249 $ 600 $ 628 $ 7 $ 351
Net Income: $ 66,140 $ 21,208 $ 83,567($ 65,858) $ 29,363 $ 22,802($ 377) $ 95,765 $ 36,329 $ 9,032 $ 61,767 $ 47,826
Net Assets: $ 688,452 $ 380,854 $ 492,042 $ 708,554 $ 327,801 $ 771,087 $ 518,610 $ 974,264 $ 236,818 $ 149,656 $ 492,849 $ 186,494

Participants

202120202019201820172016201520142013201220112010
Total Participants:601423852897
Active Part.:358328923bcebc
Retired Part.:96446594854aec0c514807
Deceased Part.:cf5813a78312ca57f1e97

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.