First Article Inc

150 South Front St
Souderton, PA 18964

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 very good. It is in the 9th percentile compared to peers.
  • There was a recent mod decrease.
Good

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 9th 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 50th percentile at 1% of the market.
Needs Attention

Similar Businesses

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2023

1.130
2022

1.130
2021

1.130
2020

1.080
2019

1.080
2018

1.080
2017

1.080
2016

1.190
2016
10-14-2015

1.670
2015

1.670
2014

-
2013

-
2013
10-14-2012

-
2012

-
2011

-
2010

-
2009

-

Contacts

Jowgz Ikcfhv
General Manager
(880) 011-0400
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Zbvd Dbatmwg
President
(294) 441-3310
xemneyhviftc@gctnaqijfdqnefr.yaw

Gyvs Rrrdfxj
President
(138) 957-4667
kyjobecwmfn@jxyww.yeo

FBKFSS DRFIDQ
Benefits Admin
(274) 918-3530
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Znnvjm Mlod
President
(629) 967-9130
06566

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Industry Classification

Retirement Benefits

Financials

20222021202020192018201720162015
BOY Assets: $ 1,142,591 $ 759,053 $ 206,891 $ 340,277 $ 232,586 $ 167,751 $ 72,189 $ 81
Liabilities: $ 0 $ 6 $ 5 $ 7
EE Contrib: $ 111,092 $ 167,649 $ 904,262 $ 650,289 $ 463,995 $ 17,714 $ 76,032 $ 49,680
Emp Contrib: $ 2,605 $ 71,083 $ 87,358 $ 34,673 $ 1
Income/Loss:($ 158,063) $ 837,275 $ 75,507 $ 9,273($ 44,681) $ 95,809 $ 1,614($ 7,367)
Total Income:($ 44,366) $ 377,960 $ 34,167 $ 533,389 $ 686,401 $ 38,454 $ 30,340 $ 67,982
Paid Benefits: $ 189,107 $ 49,392 $ 96,434 $ 36,189 $ 34,964 $ 32,159 $ 476 $ 1
Expenses: $ 0 $ 4 $ 4 $ 3
  Commission: $ 89 $ 175 $ 670 $ 946 $ 18 $ 0 $ 15 $ 2
Net Income:($ 233,562) $ 626,580 $ 267,356 $ 223,652 $ 40,588 $ 90,125 $ 53,777 $ 2,417
Net Assets: $ 909,029 $ 1,132,860 $ 772,356 $ 195,678 $ 73,787 $ 503,162 $ 75,103 $ 89,564

Participants

20222021202020192018201720162015
Total Participants:4484231290438508
Active Part.:3975085068629555
Retired Part.:119cfd5dbb610
Deceased Part.:777bab080d37625f7

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.

    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.