ROMAN E&G CORP

14 OGDEN STREET
NEWARK, NJ 07104

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 11th percentile compared to peers.
  • There was a recent mod decrease.
Average

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.

  • 40% of peers have changed carriers since last year. This might indicate carriers are competing aggresively for similar businesses to cover.
  • Of the 40% of peers who changed carriers, This might indicate carriers are competing aggresively for similar businesses to cover.
  • Current Carrier's market share is in the 95th percentile at 20% 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

Xqjq Gynbcg
President
(379) 963-1834
hlvf@eqppbisojelv.fiu

DELDPZ JEGFVE
Benefits Admin
(632) 221-8796
8ae8f

1
(510) 570-9585
8ba7e

c40
7dfe
OUltvz@gauvlcwhcyozx.zys

Industry Classification

Retirement Benefits

Financials

202120202019
BOY Assets: $ 78,552 $ 56,030
Liabilities: $ 0 $ 9 $ 6
EE Contrib: $ 38,285 $ 26,882 $ 33,260
Emp Contrib: $ 29,851 $ 73,771 $ 38,871
Income/Loss: $ 48,801($ 4,499) $ 418
Total Income: $ 116,937 $ 50,868 $ 10,066
Paid Benefits: $ 0 $ 9,819 $ 7
Expenses: $ 0 $ 6 $ 8
  Commission: $ 625 $ 779 $ 36
Net Income: $ 116,312 $ 27,650 $ 7,314
Net Assets: $ 194,864 $ 50,788 $ 93,443

Participants

202120202019
Total Participants:137260
Active Part.:133624
Retired Part.:645c
Deceased Part.:299

Insurance

No Insurance Coverage

Providers

No Providers

Features

    2E - Profit-sharing

    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.

    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.

    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.

    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