PMI INDUSTRIES INC

5300 SAINT CLAIR AVE
CLEVELAND, OH 44103

Talking Points

For the Agent

These are points that might help guide an agent as they look to approach a prospect.

  • A break in policy terms may indicate inconsistent work load which can result in substandard employment.
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.

  • 51% of peers have changed carriers since last year. This might indicate carriers are competing aggresively for similar businesses to cover.
  • Of the 51% 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 0.7% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2022

1.707
2022

-
2022

1.648
2022

1.564
2022

1.400
2022

1.911
2022

1.727
2021

1.707
2021

-
2021

1.648
2021

1.564
2021

1.400
2021

1.740
2021

1.456
2020

1.707
2020

-
2020

-
2020

1.648
2020

1.564
2020

1.740
2020

2.005
2020

1.456
2019

1.645
2019

-
2019

-
2019

1.564
2019

-
2019

2.005
2019

1.456
2018

-
2018

-
2018

1.564
2018

2.005
2018

1.583
2018

1.456
2017

-
2017

-
2017

1.564
2017

1.855
2017

1.583
2017

1.456

Contacts

KTAWBS JUMYZZP
Benefits Admin
(039) 318-1143
54834

YHIJSJ V. PYPLOFF
Benefits Admin
(525) 921-4500
5953

JPIARK PLFANUA
Benefits Admin
(521) 590-9354
a0a

NJNNNA EYMOO
(705) 617-8540
b2d98

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 1,692,673 $ 936,883 $ 6,072,694 $ 3,621,907 $ 540,321 $ 808,685 $ 925,620 $ 452,525 $ 21,481 $ 91,784 $ 51,969 $ 544,801
Liabilities: $ 0 $ 4 $ 51 $ 37 $ 646 $ 3 $ 30 $ 3
EE Contrib: $ 78,848 $ 20,676 $ 13,036 $ 74,921 $ 86,205 $ 14,559 $ 4,178 $ 67,871 $ 74,041 $ 63,697 $ 31,727 $ 646,719
Emp Contrib: $ 40,583 $ 46,112 $ 8,860 $ 55,200 $ 83,963 $ 53,679 $ 18,252 $ 43,062 $ 58,984 $ 31,651 $ 60,885 $ 15,484
Income/Loss: $ 234,290 $ 19,739 $ 41,208($ 158,236) $ 374,078 $ 14,221($ 6,240) $ 45,296 $ 590,373 $ 57,164($ 42,237) $ 50,462
Total Income: $ 353,721 $ 777,966 $ 873,454($ 950) $ 108,522 $ 44,454 $ 133,591 $ 214,201 $ 224,063 $ 785,637 $ 214,523 $ 109,076
Paid Benefits: $ 232,069 $ 65,133 $ 3,611 $ 23,166 $ 853,207 $ 466,038 $ 53,864 $ 272,215 $ 46,275 $ 804,228 $ 37,716 $ 87,016
Expenses: $ 0 $ 88 $ 9 $ 1 $ 6 $ 71 $ 5 $ 48 $ 8
  Commission: $ 14,806 $ 90,904 $ 2,596 $ 9,366 $ 4,536 $ 2,552 $ 9,024 $ 92,409 $ 13,527 $ 55,316 $ 8,456 $ 6,968
Net Income: $ 106,846 $ 670,904 $ 996,985($ 61,557) $ 882,804 $ 49,122 $ 61,654($ 75,685) $ 547,126($ 37,422)($ 4,329) $ 704,315
Net Assets: $ 1,799,519 $ 3,083,612 $ 3,870,288 $ 2,453,593 $ 6,309,907 $ 191,887 $ 75,144 $ 175,222 $ 139,862 $ 398,470 $ 466,992 $ 755,963

Participants

202120202019201820172016201520142013201220112010
Total Participants:202897892925706349814478
Active Part.:1179730537930675b110165d
Retired Part.:bbc50449ee4e014491e 1b1e
Deceased Part.:490267e4d4bd ec4ed45ed3d

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.

    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.

    2R - Participant-directed brokerage accounts provided as an investment option under the plan.

    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.

    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.