North American Hoganas Holdings, Inc.

111 Hoganas Way
Hollsopple, PA 15935

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 63rd percentile.
  • Mod decreased by more than 75% of peers.
Average

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 17th 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 99th percentile at 22.5% 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 Exp. Mod Carrier Premium LCM
2023

1.972
2023

2.310
2023

1.359
2023

1.894
2023

1.484
2023

0.960
2023

2.290
2023

1.441
2023

1.172
2023

1.154
2022

1.754
2022

1.972
2022

2.079
2022

1.308
2022

1.424
2022

0.840
2022

1.950
2022

1.032
2022

1.441
2022

1.154
2021

1.526
2021

1.972
2021

2.030
2021

1.308
2021

1.424
2021

0.812
2021

1.950
2021

1.032
2021

1.019
2021

0.885
2020

1.291
2020

1.177
2020

-
2020

0.979
2020

1.950
2020

0.932
2019

-
2019

-
2019

1.723
2019

1.723
2019

1.950
2019

0.932
2019

1.723
2018

1.723
2018

1.224
2018

1.078
2017

1.224
2017

0.941
2017
01-29-2017

1.699
2016

1.224
2016

0.941
2016
01-29-2016

1.444
2015

1.444
2015

1.128
2014
01-29-2014

-
2014
04-07-2014

-
2013

-
2013

-
2012

-
2012

-
2011

-
2011
04-07-2011

-
2010

-
2010

-
2009

-
2009

-

Contacts

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Branch Manager
(786) 627-6061
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(005) 994-9722
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Benefits Admin
(718) 666-2973
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President
(083) 083-3077
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Benefits Admin
(100) 072-7715
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Benefits Admin
(826) 547-9955
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Benefits Admin
(057) 655-9827
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Benefits Admin
(861) 815-6477
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Benefits Admin
(241) 810-0060
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General Manufacturing
(786) 931-3902
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(432) 626-6340
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Benefits Admin
(480) 785-4867
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(344) 734-0481
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(893) 025-5943
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President
(348) 139-0773
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President
(555) 169-7046
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Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 7,839,515 $ 2,280,243 $ 4,572,794 $ 8,832,325 $ 2,666,593 $ 2,563,755 $ 9,781,334 $ 9,011,403 $ 7,794,272 $ 3,636,047 $ 7,715,995 $ 8,849,265
Liabilities: $ 0 $ 399 $ 72,099 $ 19,065 $ 3,572 $ 98 $ 3,578 $ 2,748 $ 2,539
EE Contrib: $ 0 $ 9 $ 39 $ 95 $ 9 $ 9 $ 9
Emp Contrib: $ 0 $ 79,215 $ 89 $ 5 $ 160,807 $ 716,950 $ 356,919 $ 136,543 $ 56,866 $ 393,360 $ 978,658
Income/Loss:($ 39,922) $ 660,640 $ 358,886 $ 0 $ 6 $ 0 $ 2 $ 2($ 710) $ 3
Total Income: $ 386,260 $ 344,192 $ 3,881,886($ 745,341) $ 939,960 $ 316,025 $ 562,084 $ 145,000 $ 4,100,070 $ 29,429 $ 857,080 $ 436,969
Paid Benefits: $ 455,003 $ 274,786 $ 629,894 $ 166,937 $ 345,698 $ 678,755 $ 622,672 $ 50,996 $ 105,792 $ 679,918 $ 961,314 $ 435,077
Expenses: $ 0 $ 0 $ 0 $ 1 $ 2 $ 1 $ 955 $ 2
  Commission: $ 61,848 $ 91,044 $ 29,453 $ 17,117 $ 46,750 $ 59,764 $ 51,222 $ 55,646 $ 60,482 $ 37,671 $ 89,197 $ 39,048
Net Income:($ 130,591) $ 448,242 $ 2,211,969($ 815,804) $ 226,192 $ 259,913($ 53,933) $ 622,673 $ 454,634 $ 699,610($ 75,319) $ 605,603
Net Assets: $ 7,708,924 $ 611,062 $ 8,952,734 $ 5,776,740 $ 7,880,853 $ 3,559,445 $ 3,406,163 $ 8,614,711 $ 762,378 $ 745,986 $ 8,739,823 $ 3,697,899

Participants

202120202019201820172016201520142013201220112010
Total Participants:890082191041268922665930278672
Active Part.:253888743549057574500662
Retired Part.:562701684349718232338671
Deceased Part.:10681298543046819807431

Insurance

No Insurance Coverage

Providers

LNGQ RMWInvestment advisory (plan)
Investment management
Compensation:$41,303
Relation:INVESTMENT ADVISER
ANKZ TRK
44 BALTIMORE STREET
CUMBERLAND, MD 21502
Actuarial
Compensation:$20,500
Relation:ACTUARY

Features

    1B - Benefits are primarily flat dollar (includes dollars per year of service)

    1I - Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).

Health Benefits

Financials

202120202019201820172016
BOY Assets: $ 0 $ 3 $ 9 $ 499 $ 9
Liabilities: $ 0 $ 2 $ 0
EE Contrib: $ 0 $ 0 $9,000,000,000
Emp Contrib: $ 0 $ 2 $ 52 $ 2 $ 0
Income/Loss: $ 0 $ 4 $ 0 $ 4 $ 43
Total Income: $ 0 $ 4 $ 5 $ 74
Paid Benefits: $ 0 $ 3 $ 7 $ 7 $ 843
Expenses: $ 0 $ 7 $ 2 $ 25
  Commission: $ 0 $ 47 $ 70 $ 7
Net Income: $ 0 $ 989 $ 2 $ 54
Net Assets: $ 0 $ 22 $ 9 $ 37

Participants

202120202019201820172016
Total Participants:396546258048785348
Active Part.:396193719926432965
Retired Part.:b28655195
Deceased Part.:b727ef7bd

Insurance

FXFLRBRXIJ JSDAYDFHO ZBHRORJ XU VHBBHLO
Renewal:12-31-2021
Covered:462
  1. Life Insurance
  2. Temp. Disability Insurance
  3. Long Term Disab. Ins
  4. ACCIDENTAL DEATH AND DISMEMBERMENT, EMPLOYEE ASSISTANCE PROGRAM

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 387,852
Commission0% $ 0
Fees0.02% $ 72
Brokers
LHKOMD SYGWNQAA FS EVJGNAE
Renewal:12-31-2021
Covered:405
  1. Vision

Retention: $ 5,359
Claims: $ 91,034
Loss Ratio:0.94
Exp Rated Premium $ 96,393
Non-Exp Rated Premium: $ 0
Commission0% $ 0
Fees0% $ 0
CJTB INTJYQRDC BOCJBDQ OQ UXHRZ EHHTZCW
Renewal:01-31-2021
Covered:396
  1. BUSINESS TRAVEL ACCIDENT

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 0
Commission $ 0
Fees $ 18
Brokers
BYGIEVIC VKLTEXVE YTZJ QGVHNANBY MXQIFWF
Renewal:12-31-2021
Covered:46
  1. ACCIDENT, CRITICAL ILLNESS

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 31,944
Commission10.61% $ 3,389
Fees0% $ 0
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