HAUPPAUGE COMPUTER WORKS INC

909 MOTOR PARKWAY
HAUPPAUGE, NY 11788

Talking Points

LCM Rate

LCMs have the largest effect on your WC costs. Carriers file LCM's which are multiplied with the state approved Loss Costs for your employment classifications to create your policy rates. Carrier Groups have several Carrier Tier's each with their own filing, allowing their underwriters to price aggressively to overly prudent depending on the risk.

  • The LCM of the Current Carrier is Higher than 70% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
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 10.5% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier LCM
2023

1.423
2022

1.423
2021

1.282
2020

1.282
2019

1.290
2018

1.161
2017

1.161
2016

1.161

Contacts

TCFPIW HSHHHIB
Benefits Admin
(984) 425-5406
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Nnbfeme Pvgcrqw
Chief Executive Officer
(070) 218-1426
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Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 3,894,094 $ 6,222,571 $ 2,646,689 $ 9,014,709 $ 4,713,375 $ 5,642,592 $ 1,257,641 $ 1,300,231 $ 5,149,952 $ 8,100,815 $ 6,977,487 $ 5,478,259
Liabilities: $ 0 $ 4 $ 2 $ 2 $ 83 $ 64 $ 3 $ 4 $ 7
EE Contrib: $ 53,905 $ 19,235 $ 8,436 $ 961,760 $ 897,444 $ 511,551 $ 126,469 $ 324,173 $ 237,574 $ 343,757 $ 415,874 $ 112,410
Emp Contrib: $ 0 $ 61 $ 61 $ 91 $ 0 $ 1 $ 1 $ 3 $ 0 $ 4 $ 3 $ 4
Income/Loss: $ 599,357 $ 616,677 $ 525,348($ 342,965) $ 739,731 $ 10,874 $ 77,516 $ 207,678 $ 59,407 $ 291,888($ 225,558) $ 992,509
Total Income: $ 653,262 $ 213,544 $ 574,124($ 815,352) $ 750,203 $ 649,397 $ 73,438 $ 131,901 $ 5,521,013 $ 976,501 $ 60,456 $ 335,146
Paid Benefits: $ 544,036 $ 237,121 $ 4,526,720 $ 288,431 $ 225,550 $ 52,690 $ 374,377 $ 18,167 $ 285,441 $ 49,455 $ 5,772 $ 57,368
Expenses: $ 0 $ 3 $ 6 $ 6 $ 1 $ 39 $ 2 $ 0
  Commission: $ 200 $ 83 $ 92 $ 3 $ 29 $ 531 $ 53 $ 526 $ 5 $ 43 $ 45 $ 420
Net Income: $ 109,026 $ 804,343($ 139,120)($ 381,950) $ 631,901 $ 631,204($ 129,780) $ 569,094 $ 164,193 $ 448,284 $ 777,741 $ 80,904
Net Assets: $ 4,003,120 $ 397,811 $ 6,119,839 $ 3,293,289 $ 7,153,910 $ 3,851,530 $ 4,399,368 $ 6,850,369 $ 1,880,068 $ 1,512,441 $ 7,460,800 $ 4,502,355

Participants

202120202019201820172016201520142013201220112010
Total Participants:173832242306405926338778
Active Part.:128232493833103147905819
Retired Part.:46baa2b433e63e55254a4d
Deceased Part.:194106722769

Insurance

No Insurance Coverage

Providers

No Providers

Features

    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.

    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.

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

    3H - Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

    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.