VAN HOUTEN PLUMBING & HEATING SUPPLY CO.

810 MAIN AVE
PASSAIC, NJ 07055

Talking Points

Premium

Worker's Comp premium is based on two key factors - the LCM your carrier has filed to use, and the total payroll you run over the policy term, which is multiplied by the rate to determine premium. Comparing premium to businesses in the same industry and of similar size can indicate how fair your WC insurance provider's costs are relative to the market.

  • Premium is Higher than 95% of peers.
Needs Attention

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 9th percentile compared to peers.
  • Mod increased by more than 75% of peers.
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.

  • 33% of peers have changed carriers since last year. This might indicate carriers are competing aggresively for similar businesses to cover.
  • Of the 33% 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 50th percentile at 4.4% of the market.
Needs Attention

Business Stats

Policy History

Term Exp. Mod Carrier Premium
2023
AR
2023

2022

2021

2021

2020

2019

2019

2018

2017

2017

2016

2015

2014

2013

Contacts

Dryv Nqbe
Owner
(188) 139-5512
xwqz@tenqetevlkopovh.bnh

Dghp Klag
President
(103) 328-0903
3306

ZZVPEG DDOZ
Benefits Admin
(327) 164-5158
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jnhw@vllihzssgkilbaj.gub

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 1,292,759 $ 2,186,876 $ 445,109 $ 143,057 $ 509,946 $ 647,538 $ 486,216 $ 31,523 $ 347,069 $ 560,895 $ 233,549 $ 279,213
Liabilities: $ 0 $ 9 $ 38 $ 3 $ 378 $ 663
EE Contrib: $ 67,818 $ 34,858 $ 95,608 $ 1,419 $ 54,496 $ 24,813 $ 61,005 $ 92,636 $ 89,116 $ 69,496 $ 14,097 $ 14,548
Emp Contrib: $ 15,849 $ 57,779 $ 2,689 $ 55,854 $ 51,249 $ 18,162 $ 14,991 $ 4,347 $ 67,080 $ 86,416 $ 12,469 $ 24,506
Income/Loss: $ 200,104 $ 734,028 $ 74,347($ 74,307) $ 935,980 $ 23,285($ 5,186) $ 15,184 $ 43,037 $ 93,699($ 22,861) $ 45,008
Total Income: $ 283,771 $ 101,323 $ 546,431 $ 46,083 $ 418,061 $ 71,620 $ 29,419 $ 55,233 $ 924,887 $ 66,045 $ 375 $ 12,360
Paid Benefits: $ 17,803 $ 773 $ 6 $ 36 $ 16,012 $ 28,114 $ 2,635 $ 23,684 $ 8 $ 30,945
Expenses: $ 0 $ 571 $ 0 $ 7 $ 3 $ 17 $ 7 $ 77
  Commission: $ 2,352 $ 2,769 $ 1 $ 717 $ 7,677 $ 8 $ 31 $ 35 $ 2
Net Income: $ 263,616 $ 811,405 $ 956,219 $ 28,085 $ 665,954 $ 26,695 $ 51,983 $ 28,113 $ 690,204 $ 88,890 $ 54,985 $ 81,824
Net Assets: $ 1,556,375 $ 8,425,139 $ 9,845,929 $ 911,722 $ 770,257 $ 112,351 $ 733,409 $ 592,798 $ 60,794 $ 152,417 $ 326,087 $ 451,116

Participants

202120202019201820172016201520142013201220112010
Total Participants:81932129350771
Active Part.:89959715 04d13dc6
Retired Part.:dc2d0df7bd 47d9f1ff1b79d287
Deceased Part.:f2ac6f6afbb d62afbb8a65

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

    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.

    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.

    2T - Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

    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.