Laurel Valley Farms Inc.

705 Penn Green Road
Landenberg, PA 19350

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 high. It is in the 100th percentile compared to peers.
  • Mod increased by more than 75% of peers.
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 0th percentile compared to peers.
  • In the last year, LCM Decreased by 32%. While peers Increased an average of 1%.
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.

  • 10% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 95th percentile at 20% of the market.
Good

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2022

1.130
2021

1.650
2020

1.440
2019

1.440
2018

1.440
2017
12-01-2017

1.484
2016

1.400
2015

1.400
2014

-
2013

-
2013
12-01-2012

-
2012
12-01-2012

-
2011

-
2010

-
2009

-

Contacts

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Benefits Admin
(776) 966-2541
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President
(614) 284-1155
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(711) 327-2570
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Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 4,405,452 $ 7,509,177 $ 3,301,534 $ 5,630,754 $ 6,541,439 $ 9,177,657 $ 4,738,244 $ 8,029,767 $ 1,364,122 $ 1,794,765 $ 6,791,879 $ 8,119,651
Liabilities: $ 0 $ 5 $ 5 $ 9 $ 90 $ 8 $ 79 $ 0 $ 9
EE Contrib: $ 283,153 $ 368,292 $ 68,967 $ 76,079 $ 737,802 $ 477,895 $ 42,672 $ 844,178 $ 983,712 $ 21,486 $ 64,672 $ 26,197
Emp Contrib: $ 170,642 $ 168,856 $ 942,795 $ 445,904 $ 64,796 $ 30,082 $ 50,533 $ 40,835 $ 24,596 $ 10,700 $ 15,436 $ 32,214
Income/Loss: $ 646,123 $ 714,482 $ 458,389($ 408,626) $ 473,985 $ 357,241($ 26,664) $ 48,702 $ 999,061 $ 792,889($ 82,220) $ 165,393
Total Income: $ 1,099,918 $ 870,033 $ 735,856 $ 997,550 $ 693,099 $ 872,926 $ 700,928 $ 52,771 $ 921,421 $ 611,039 $ 5,190 $ 867,969
Paid Benefits: $ 1,277,398 $ 54,774 $ 9,895 $ 54,271 $ 898 $ 539 $ 146,749 $ 25,387 $ 60,918 $ 822,709 $ 66,098 $ 14,346
Expenses: $ 0 $ 35 $ 158 $ 8 $ 5 $ 6 $ 118 $ 95 $ 483
  Commission: $ 150 $ 156 $ 92 $ 38 $ 287 $ 837 $ 6 $ 5 $ 9
Net Income:($ 177,630) $ 229,928 $ 835,207 $ 880,622 $ 59,923 $ 736,373($ 29,739) $ 643,391 $ 590,832 $ 898,690($ 819) $ 62,708
Net Assets: $ 4,227,822 $ 7,632,054 $ 4,919,816 $ 4,134,296 $ 3,157,731 $ 6,417,084 $ 4,684,407 $ 1,468,765 $ 2,282,440 $ 7,215,538 $ 5,057,582 $ 417,197

Participants

202120202019201820172016201520142013201220112010
Total Participants:676309160034999897294075
Active Part.:63979703875021727d0ca0a7a
Retired Part.:a2ad0aa362a2dfde3e55555
Deceased Part.:7110c703ce10600

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.

    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.

Motor Carrier