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 96% 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 11th 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.

  • 27% of peers have changed carriers since last year. This might indicate carriers are competing aggresively for similar businesses to cover.
  • Of the 27% 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 3.4% of the market.
Needs Attention

Similar Businesses

Business Stats

Policy History

Term Exp. Mod Carrier Premium
2024
AR
2024
AR
2024

2023
AR
2023

2022

2021

2021

2020

2019

2019

2018

2017

2017

2016

2015

2014

2013

Contacts

Mnht Koag
Owner
(966) 392-0444
geda@zbkvqjtipvgqabm.rwo

XQZYNZ HFZL
Benefits Admin
(728) 682-0594
e901

Rqur Vdnu
President
(055) 320-0102
70 1

2
435
mgrl@matetikgcvkbwop.xho

Industry Classification

Retirement Benefits

Financials

2022202120202019201820172016201520142013201220112010
BOY Assets: $ 1,556,375 $ 4,732,406 $ 5,480,106 $ 926,633 $ 388,788 $ 283,616 $ 39,139 $ 988,817 $ 395,910 $ 194,922 $ 217,276 $ 804,756 $ 881,449
Liabilities: $ 0 $ 6 $ 9 $ 337 $ 7 $ 7
EE Contrib: $ 65,284 $ 29,866 $ 81,802 $ 13,893 $ 24,951 $ 31,855 $ 50,347 $ 87,543 $ 32,731 $ 75,459 $ 79,105 $ 31,184 $ 36,653
Emp Contrib: $ 13,382 $ 73,201 $ 34,488 $ 57,717 $ 11,191 $ 30,216 $ 6,655 $ 13,070 $ 1,416 $ 73,135 $ 47,212 $ 29,015 $ 48,797
Income/Loss:($ 245,263) $ 852,681 $ 567,175 $ 314,400($ 11,110) $ 853,488 $ 42,072($ 3,810) $ 74,654 $ 12,460 $ 93,055($ 46,913) $ 23,123
Total Income:($ 166,597) $ 80,377 $ 66,365 $ 26,953 $ 67,378 $ 531,903 $ 62,200 $ 92,776 $ 37,710 $ 786,391 $ 34,563 $ 16,596 $ 57,967
Paid Benefits: $ 20,391 $ 85,470 $ 694 $ 600,000,000 $ 9 $ 25 $ 21,049 $ 32,721 $ 9,325 $ 0 $ 54,756 $ 6 $ 83,078
Expenses: $ 0 $ 51 $ 1,554 $ 7 $ 8 $ 87 $ 8 $ 571
  Commission: $ 150 $ 3,689 $ 3,953 $ 598 $ 211 $ 8,325 $ 16 $ 2 $ 9 $ 4 $ 1
Net Income:($ 187,138) $ 69,922 $ 869,677 $ 392,124 $ 36,386 $ 242,429 $ 18,741 $ 24,136 $ 63,859 $ 681,032 $ 46,873 $ 3,934 $ 97,845
Net Assets: $ 1,369,237 $ 2,725,580 $ 5,837,693 $ 3,035,720 $ 154,824 $ 228,857 $ 726,683 $ 787,652 $ 981,303 $ 497,361 $ 513,707 $ 395,930 $ 982,828

Participants

2022202120202019201820172016201520142013201220112010
Total Participants:1053224098974841
Active Part.:10911148716ec476a7
Retired Part.:f7ff71b5d970cf3af18b3
Deceased Part.:64f04af06f0b786f8e2a686b7

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.