MEDICAL DEPOT INC

99 SEAVIEW BLVD
PORT WASHINGTON, NY 11050

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 in-line with peers, in the 42nd percentile.
  • There was a recent mod increase.
Needs Attention

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 Very Good, in the 5th percentile compared to peers.
Good

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.

  • 8% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 95th percentile at 9.7% 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

Business Stats

Policy History

Term Carrier Premium LCM
2023

-
2023

-
2023

0.926
2023

1.000
2023

1.000
2022

1.986
2022

1.900
2022

1.861
2022

-
2022

1.853
2022

1.866
2022

-
2022

0.926
2022

-
2022

0.913
2022

2.452
2022

1.300
2022

1.310
2022

1.235
2022

1.025
2022

1.139
2022

1.505
2022

0.874
2022

1.000
2021

1.986
2021

1.830
2021

1.356
2021

-
2021

1.853
2021

1.752
2021

1.075
2021

1.148
2021

-
2021

0.924
2021

-
2021

-
2021

1.353
2021

-
2021

1.260
2021

1.235
2021

1.025
2021

1.301
2021

1.505
2021

0.876
2021

1.160
2021

1.035
2020

2.284
2020

-
2020

1.698
2020

1.356
2020

-
2020

1.095
2020

-
2020

1.435
2020

-
2020

1.232
2020

-
2020

-
2020

1.314
2020

1.335
2020

1.260
2020

1.235
2020

-
2020

1.025
2020

1.301
2020

1.359
2020

0.876
2020

1.162
2020

1.433
2019

2.329
2019

-
2019

1.698
2019

1.095
2019

1.389
2019

-
2019

1.491
2019

-
2019

1.196
2019

-
2019

1.314
2019

-
2019

1.260
2019

1.235
2019

-
2019

1.052
2019

1.301
2019

1.359
2019

-
2019

1.162
2019

1.433
2018

2.329
2018

-
2018

-
2018

1.000
2018

1.491
2018

1.196
2018

-
2018

1.314
2018

-
2018

-
2018

1.164
2018

-
2018

1.052
2018

-
2018

1.359
2018

-
2018

1.698
2018

1.719
2017

2.158
2017

-
2017

-
2017

1.387
2017

1.312
2017

-
2017

1.642
2017

-
2017

1.450
2017

-
2017

1.216
2017

-
2017

1.851
2017

-
2017

1.906
2017

-
2017

-
2016

-
2016

-
2016

-
2016

1.387
2016

-
2016

1.495
2016

-
2016

2.488
2016

-
2016

1.283
2016

-
2016

1.450
2016

-
2016

1.486
2016

2.178
2016

-
2016
07-03-2015

1.467
2016
07-03-2015

-
2016
07-03-2015

-
2016
07-03-2015

-
2016
07-03-2015

-
2016
07-03-2015

2.039
2016
10-06-2015

1.906
2015

-
2015

1.467
2015

-
2015

-
2015

1.387
2015

-
2015

-
2015

-
2015

-
2015

-
2015

-
2015

-
2015

2.039
2015

-
2015

2.488
2015

-
2015

-
2015

-
2015

-
2015

1.450
2015

-
2015

2.008
2015

-
2015

1.906
2015

-
2014

-
2014

-
2014

-
2014

-
2014

2.000
2014

-
2014

-
2014

-
2014

-
2014

-
2014

-
2014

-
2014

0.832
2014

-
2014

-
2014

-
2014
10-06-2014

-
2014
10-06-2014

-
2013

1.000
2013

-
2013

-
2013

-
2013

-
2013

-
2013

-
2013

-
2013
07-01-2013

-
2013
10-06-2013

-
2013
10-06-2013

-
2013
10-06-2013

-
2012

-
2012

-
2012

-
2012

-
2012

-
2012

-
2012

-
2012

-
2012
07-01-2012

-
2012
10-06-2012

-
2011

-
2011

-
2011

-
2011

-
2011
07-01-2011

-
2011
07-01-2011

-
2011
10-06-2011

-
2010

-
2010

-
2010

-
2010
07-01-2010

-
2010
10-06-2010

-
2009

-
2009
07-01-2009

-
2009
10-06-2009

-

Contacts

ea3
(867) 457-3211
b2e57

Mhlq Xddsgowj
Office Manager
(260) 104-6457
e5eb

3
(288) 939-1442
f ea

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(331) 796-6459
980f

b3
(537) 636-7154
e0c85

e39
(862) 283-8844
cfa5

YHNNLWU KCUNSKJ
Benefits Admin
(457) 506-1749
2ec0

CCNZD WJURQ
Benefits Admin
(602) 184-5687
980

Vqsulo K Gjkhnyel
President
(165) 218-8240
6c12a

UTJYB WKOUBH
Benefits Admin
(090) 940-0891
4726

FBK XYQ OLGTYIW
Benefits Admin
(997) 050-8859
90

KXNRC BWCNRBZA
Benefits Admin
(604) 436-1336
c12

GVMCT RONCCRIK
Human Resources Manager
(771) 964-8438
ktimifs@wwkuqptlzrt.sks

UUPNI ASAUWFVQ
Benefits Admin
(290) 284-6049
2ec

Fnfia Znxrjp
Account Manager
(609) 527-3526
51c5

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(602) 200-3086
9f2

IKZNK GYAYEIKJ
Benefits Admin
(259) 252-5896
641a

Groesaur Evcdvj
President
(311) 735-7548
165

08
(266) 922-8440
9f4

Vnfk Cnuhvme
Principal
(843) 239-7885
f105a

Industry Classification

Retirement Benefits

Financials

202120202019201820172016
BOY Assets: $ 57,897,170 $ 96,508,623 $ 74,423,559 $ 55,445,980 $ 69,238,547 $ 16,228,749
Liabilities: $ 0 $ 5 $ 72 $ 74
EE Contrib: $ 5,867,539 $ 3,526,958 $ 4,966,432 $ 6,091,329 $ 1,965,509 $ 1,540,550
Emp Contrib: $ 1,380,182 $ 7,544,762 $ 9,081,962 $ 6,018,968 $ 1,519,167 $ 4,440,842
Income/Loss: $ 8,206,671 $ 3,522,414 $ 8,615,361($ 5,158,524) $ 8,541,823 $ 1,811,227
Total Income: $ 16,209,330 $ 2,612,608 $ 85,335,681 $ 1,293,080 $ 26,991,068 $ 5,515,450
Paid Benefits: $ 6,097,507 $ 4,446,412 $ 2,710,270 $ 6,909,529 $ 1,879,395 $ 256,244
Expenses: $ 0 $ 9
  Commission: $ 232,178 $ 516,788 $ 283,153 $ 393,431 $ 686,268 $ 809,056
Net Income: $ 9,878,957 $ 4,434,836 $ 2,973,429($ 966,914) $ 8,302,809 $ 2,119,925
Net Assets: $ 67,776,127 $ 56,942,205 $ 25,799,414 $ 95,885,323 $ 19,052,852 $ 81,093,524

Participants

202120202019201820172016
Total Participants:129956597845542004896024
Active Part.:10436965639179048441646
Retired Part.:e085d157
Deceased Part.:216728

Insurance

OKG ZZPP VTDY CJQKUNQID RFKWYLR
Renewal:12-31-2021
Covered:1238
PENSION_EOY_SEP_ACCT_AMT: 2831242PENSION_PREM_PAID_TOT_AMT: 0

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 0
Commission $ 0
Fees $ 0

Providers

YZQW WIUPFFR RYRLZZBHXF PEBW IOTJRecordkeeping and information management (computing, tabulating, data processing, etc.)
Participant loan processing
Float revenue
Recordkeeping fees
Compensation:$142,231
Relation:RETAINED BY EMPLOYER
WUEDODPMS DUZVNEGLZF NMKOHUDW, ZJTInvestment advisory (plan)
Compensation:$59,997
Relation:RETAINED BY PLAN SPONSOR
RQRSOQF GQAFJWM UVBGL
65 MADISON AVE, STE 300
MORRISTOWN, NJ 07960
Investment advisory (plan)
Compensation:$16,260
Relation:RETAINED BY EMPLOYER
TYJZRLP ZLQVUWR WPJBVMKY
200 MOTOR PARKWAY SUITE A-7
HAUPPAUGE, NY 11788
Actuarial
Compensation:$13,690
Relation:RETAINED BY EMPLOYER

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.

    2S - Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.

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

Health Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 0 $ 75 $ 8 $ 5 $ 58 $ 3 $ 353 $ 2
Liabilities: $ 0 $ 77 $ 94 $ 9 $ 5 $ 8
EE Contrib: $ 0 $ 6 $ 8 $ 359 $ 853 $ 83 $ 4 $ 3 $ 5 $ 33
Emp Contrib: $ 0 $ 295 $ 7 $ 9 $ 310 $ 3 $ 71 $ 9 $ 3 $ 5 $ 7
Income/Loss: $ 0 $ 77 $ 8 $ 0 $ 4 $ 8 $ 4 $ 2 $ 2
Total Income: $ 0 $ 3 $ 23 $ 520 $ 2 $ 0 $ 5 $ 65 $ 4
Paid Benefits: $ 0 $ 1 $ 2 $ 7 $ 943 $ 818 $ 3 $ 18 $ 144
Expenses: $ 0 $ 4 $ 5 $ 501 $ 6
  Commission: $ 0 $ 36 $ 6 $ 319 $ 4 $ 5 $ 64
Net Income: $ 0 $ 3 $ 3 $ 564 $ 43 $ 574 $ 76 $ 0
Net Assets: $ 0 $ 0 $ 550 $ 60 $ 35 $ 0 $ 9

Participants

202120202019201820172016201520142013201220112010
Total Participants:116769909432976240970047422716569794265
Active Part.:109616463701214716059923122792997150971
Retired Part.:54948217538c58e8fdced8ddf
Deceased Part.:c3a2c1c8d2d17b47cc7

Insurance

BLNDIA OKQCAIBZKKJB NGRGSNHPF, ASR.
Renewal:12-31-2021
Covered:1284
  1. Health
  2. Dental
  3. Vision
  4. Prescription Drug
  5. PPO Contract

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 5,536,639
Commission3.85% $ 213,318
Fees0.09% $ 4,870
Brokers
ZTINAJZ SAOVSPNXU HYHTQLQ
Renewal:12-31-2021
Covered:1096
  1. BUSINESS TRAVEL ACCIDENT

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 0
Commission $ 0
Fees $ 0
VFOMZDPLD RCYX LPI LQGRUOCV UWDAJFJCH IMRWOYV
Renewal:12-31-2021
Covered:75
  1. ACCIDENT

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 11,625
Commission5.01% $ 582
Fees1.97% $ 229
Brokers
MESUG RBNU CVKB TPNQTBDAH JFDIDLU
Renewal:12-31-2021
Covered:76
  1. HOSPITAL INDEMNITY

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 11,274
Commission10.01% $ 1,128
Fees0% $ 0
Brokers
LEMRSTTSK ZMCA MCM JETCWCNC FHGRKBKTA PVDYIUS
Renewal:12-31-2021
Covered:56
  1. CRITICAL ILLNESS

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 14,004
Commission10% $ 1,401
Fees0% $ 0
Brokers
HLXDXH CVFO HIT NMYZRIDAVT YEWNBSQNZ GLIYLXX
Renewal:12-31-2021
Covered:1084
  1. Life Insurance
  2. Temp. Disability Insurance
  3. Long Term Disab. Ins
  4. ACCIDENTAL DEATH AND DISMEMBERMENT

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 447,534
Commission5.93% $ 26,536
Fees1.59% $ 7,136
Brokers
GFJRRVV REXU WAP NDDUJL LBKSVOFIE PNYWMYQ
Renewal:12-31-2021
Covered:336
  1. Temp. Disability Insurance
  2. Long Term Disab. Ins

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 265,489
Commission10% $ 26,536
Fees2.69% $ 7,136
Brokers

Providers

No Providers

Features

    4A - Health (other than vision or dental).

    4B - Life insurance.

    4D - Dental.

    4E - Vision.

    4F - Temporary disability (accident and sickness).

    4H - Long-term disability.

    4L - Death benefits (include travel accident but not life insurance).

    4Q - Other.


OSHA