REED & PERRINE INC

PO BOX 100
TENNENT, NJ 07763

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 26th 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.

  • 0% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 50th percentile at 37.5% 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
2023

2022

2021

2020

2019

2018

2017

2016

2015

2014

2013

Contacts

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Vice President
(482) 406-9731
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Benefits Admin
(244) 885-3046
94440

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Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 6,933,078 $ 2,125,751 $ 1,083,486 $ 7,706,578 $ 6,216,876 $ 3,351,284 $ 7,462,837 $ 2,890,081 $ 9,886,189 $ 6,742,962 $ 7,972,680 $ 287,679
Liabilities: $ 0 $ 217 $ 4 $ 3 $ 72 $ 7 $ 56
EE Contrib: $ 282,112 $ 295,342 $ 108,970 $ 252,468 $ 657,608 $ 694,815 $ 912,691 $ 25,709 $ 600,760 $ 902,551 $ 561,450 $ 89,580
Emp Contrib: $ 150,290 $ 282,351 $ 531,015 $ 61,319 $ 317,494 $ 386,903 $ 756,327 $ 964,496 $ 912,218 $ 640,389 $ 151,024 $ 948,258
Income/Loss: $ 508,169 $ 388,612 $ 970,096($ 960,046) $ 338,679 $ 749,816 $ 38,778 $ 308,104 $ 213,931 $ 48,665 $ 3,957 $ 399,984
Total Income: $ 940,571 $ 658,771 $ 5,754,911 $ 57,499 $ 749,853 $ 129,275 $ 972,846 $ 454,893 $ 6,204,178 $ 319,662 $ 876,707 $ 209,404
Paid Benefits: $ 95,463 $ 752,599 $ 2,889 $ 5,862 $ 427,729 $ 49,277 $ 1,483,139 $ 2 $ 936,762 $ 9
Expenses: $ 0 $ 1 $ 20 $ 9 $ 1 $ 6 $ 370 $ 637 $ 0
  Commission: $ 200 $ 452 $ 631 $ 697 $ 110 $ 776 $ 24 $ 222 $ 719 $ 5 $ 95,222 $ 4,191
Net Income: $ 844,908 $ 211,310 $ 824,636 $ 97,286 $ 511,913 $ 833,935($ 4,916,592) $ 128,548 $ 1,490,657 $ 968,934 $ 971,653 $ 742,410
Net Assets: $ 7,777,986 $ 139,115 $ 3,803,646 $ 3,623,315 $ 1,438,114 $ 322,190 $ 5,589,071 $ 8,745,313 $ 2,458,502 $ 6,554,195 $ 5,296,101 $ 9,836,951

Participants

202120202019201820172016201520142013201220112010
Total Participants:162150175446639513657779
Active Part.:1254680299732876ba20afa
Retired Part.:188636829d94155f
Deceased Part.:785af76deadf f57225882ae

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.


OSHA

Motor Carrier