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 very good. It is in the 7th 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.

  • 22% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 95th percentile at 33.3% 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

Similar Businesses

Business Stats

Policy History

Term Exp. Mod Carrier
2024

2023

2022

2021

2020

2019

2018

2017

2016

2015

2014

2013

Contacts

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President
(132) 677-4034
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Blseo Dkmtexqhr
President
(491) 573-5626
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Arotwa Hhpuiiziw
Vice President
(036) 660-3225
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Benefits Admin
(621) 644-7680
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Industry Classification

Retirement Benefits

Financials

20222021
BOY Assets: $ 511,455 $ 180,932
Liabilities: $ 0 $ 5
EE Contrib: $ 0 $ 9
Emp Contrib: $ 300,120 $ 861,531
Income/Loss:($ 46,767) $ 45,368
Total Income: $ 253,353 $ 203,648
Paid Benefits: $ 191,350 $ 714,101
Expenses: $ 1,989 $ 0
  Commission: $ 0 $ 1
Net Income: $ 60,014 $ 72,648
Net Assets: $ 571,469 $ 973,525

Participants

20222021
Total Participants:1216
Active Part.:1166
Retired Part.:75d
Deceased Part.:225

Insurance

No Insurance Coverage

Providers

No Providers

Features

    1C - Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).

    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