BOSCOVS INC

4500 PERKIOMEN AVE
READING, PA 19606

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 67th 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 in-line with peers, in the 48th percentile.
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.

  • 11% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 95th percentile at 13.9% 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 LCM
2023

0.942
2023

1.359
2023

1.353
2023

1.505
2022

0.926
2022

1.359
2022

1.353
2022

1.025
2022

1.505
2021

1.232
2021

1.359
2021

1.353
2021

-
2021

1.025
2021

1.505
2020

1.359
2020

-
2020

1.052
2020

1.359
2020

-
2020
03-01-2019

1.232
2020
03-01-2019

1.314
2019

1.196
2019

1.359
2019

1.314
2019

-
2019

1.052
2019

1.359
2018

1.196
2018

1.359
2018

1.314
2018

-
2018

1.052
2018

1.359
2017

1.196
2017

1.359
2017

-
2017

1.052
2017

1.359
2017

-
2016

1.196
2016

1.359
2016

-
2016

1.052
2016

1.359
2015

1.359
2015

1.266
2015

-
2015

1.359
2014

-
2014

-
2014

-
2013

-
2013

-
2013

-
2012

-
2012

-
2011

-
2011

-
2010

-
2010

-
2009

-
2009

-

Contacts

Psdjikc Z Lacsa
President
(992) 358-6322
48c 4

Pxb Ivsqutg
Site Manager
(239) 236-9612
e 87e

Jkbvs Jeaxk
Vice President of Real Estate
(423) 585-8776
842be

a19
(653) 523-3080
7eb1

JYKO VJIRB
Benefits Admin
(956) 811-2756
e76

XAUI XTXEPD
Benefits Admin
(529) 129-2424
4d69

DEZZ N. RPIEXN
Benefits Admin
(890) 483-3710
e4e

PGDVTJ JHVKUW
Benefits Admin
(681) 425-2700
6768

CJDJYW Q. ZTGTEL
Benefits Admin
(398) 526-6988
147

JYIERK A JFDKMN
Benefits Admin
(000) 869-6204
698bd

JBIQFD S. OHMGWM
VP Finance
(986) 621-6543
liwwosh@gadmpon.xki

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 145,824,110 $ 481,435,690 $ 764,815,158 $ 592,245,980 $ 575,478,234 $ 308,047,646 $ 416,860,980 $ 310,164,107 $ 30,598,640 $ 65,274,776 $ 41,742,157 $ 11,042,171
Liabilities: $ 0 $ 652 $ 5 $ 3 $ 0 $ 3 $ 3 $ 950 $ 25
EE Contrib: $ 7,138,415 $ 6,537,023 $ 4,162,717 $ 5,087,501 $ 8,781,047 $ 7,820,279 $ 5,035,010 $ 9,263,227 $ 4,315,964 $ 1,137,948 $ 8,898,917 $ 9,542,857
Emp Contrib: $ 939,930 $ 928,587 $ 189,654 $ 476,134 $ 55,743 $ 480,546 $ 5,772,486 $ 949,513 $ 571,603 $ 3
Income/Loss: $ 15,660,206 $ 7,084,447 $ 98,782,304($ 3,342,396) $ 81,218,845 $ 204,995($ 3,604,782) $ 8,160,660 $ 22,514,577 $ 9,414,719($ 228,810) $ 7,382,373
Total Income: $ 25,849,568 $ 78,307,198 $ 47,022,318 $ 9,891,852 $ 7,517,136 $ 52,788,220 $ 7,249,677 $ 64,439,026 $ 94,811,265 $ 58,381,538 $ 5,249,036 $ 21,853,393
Paid Benefits: $ 18,577,726 $ 3,634,763 $ 50,437,771 $ 2,974,854 $ 526,985 $ 3,143,177 $ 9,791,901 $ 889,999 $ 1,155,614 $ 1,055,412 $ 1,992,545 $ 6,951,845
Expenses: $ 0 $ 1 $ 17 $ 2 $ 2 $ 6 $ 76 $ 9 $ 94
  Commission: $ 335,685 $ 244,971 $ 111,909 $ 692,375 $ 687,297 $ 685,802 $ 343,382 $ 995,750 $ 505,710 $ 641,153 $ 566,933 $ 261,732
Net Income: $ 6,936,157 $ 2,927,646 $ 98,890,375($ 8,474,546) $ 46,057,212 $ 8,658,957 $ 14,625 $ 4,720,066 $ 8,781,369 $ 1,261,872($ 485,632) $ 6,088,585
Net Assets: $ 152,774,575 $ 107,753,926 $ 62,604,499 $ 179,018,460 $ 474,484,075 $ 993,631,636 $ 876,443,139 $ 346,716,979 $ 319,142,034 $ 23,071,978 $ 75,153,995 $ 35,229,786

Participants

202120202019201820172016201520142013201220112010
Total Participants:486033948517085385029485685754085283609998954021
Active Part.:435848876070239155063487139274650829241653195389
Retired Part.:2a8d8ec1701d7bdc5d9c81078
Deceased Part.:3985646387965834199755eb

Insurance

No Insurance Coverage

Providers

WTERLRNPV XNBK GEIXJEDBG CIJRKXQ
OSLGDLFES BACQ SLNIBVQKH FIMJDSHContract Administrator
Participant loan processing
Direct payment from the plan
Recordkeeping fees
Compensation:$209,963
Relation:CONTRACT ADMINISTRATOR
BKHAW MIPWD DSLL, K.R.Recordkeeping and information management (computing, tabulating, data processing, etc.)
Participant loan processing
Direct payment from the plan
Float revenue
Recordkeeping fees
Compensation:$125,722
Relation:RECORDKEEPER/BOOKKEEPER

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.

Health Benefits

Financials

20212020201920182017201620152014201320122011
BOY Assets: $ 0 $ 4 $ 1 $ 4 $ 6
Liabilities: $ 0 $ 5 $ 0 $ 3 $ 5 $ 555 $ 575
EE Contrib: $ 0 $ 3 $ 147 $ 956 $ 4 $ 39 $ 1 $ 9 $ 19 $ 39 $ 64
Emp Contrib: $ 0 $ 0 $ 3 $ 577 $ 771 $ 3 $ 7 $ 7 $ 9
Income/Loss: $ 0 $ 10 $ 128 $ 59 $ 9 $ 4
Total Income: $ 0 $ 2 $ 52 $ 4 $ 1 $ 2
Paid Benefits: $ 0 $ 0 $ 8 $ 75 $ 0 $ 9
Expenses: $ 0 $ 17 $ 707 $ 9 $ 9
  Commission: $ 0 $ 3 $ 1 $ 8 $ 75 $ 67 $ 756 $ 98 $ 7
Net Income: $ 0 $ 3 $ 2 $ 58 $ 3 $ 9 $ 559 $ 99 $ 9 $ 23
Net Assets: $ 0 $ 620 $ 33 $ 12 $ 0 $ 33 $ 5 $ 0 $ 35 $ 5

Participants

20212020201920182017201620152014201320122011
Total Participants:9269893391648706824750966672133828505050
Active Part.:3761327286197896243234935177485772985279
Retired Part.:ddbe600 a0223ce27fc158377
Deceased Part.:c10e046067 f4a40e61befa

Insurance

KYPYEKE WVRVLZAC ZCGI GIQKLVBXR KQBSDXM
Renewal:12-31-2021
Covered:3790
  1. Life Insurance
  2. ACCIDENTAL DEATH AND DISMEMBERMENT

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 310,894
Commission6.99% $ 21,724
Fees1.09% $ 3,399
Brokers

Providers

No Providers

Features

    4B - Life insurance.

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


OSHA

Motor Carrier