TECHO-BLOC USA CORP

852 W PENNSYLVANIA AVE
PEN ARGYL, PA 18072

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.
  • There was a recent mod increase.
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 Higher than 75% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
  • LCM Increased by more than 75% of peers.
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.

  • 13% of peers have changed carriers since last year.
  • Of those who changed carriers, 3.2% increased their LCM vs those who stayed with their current provider who saw a 3.5% increase.
  • Current Carrier's market share is in the 75th percentile at 1.2% of the market.
Average

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

1.990
2023

2.315
2023

1.650
2023

1.756
2023

1.799
2023

1.800
2023

1.740
2022

1.995
2022

2.301
2022

2.205
2022

1.650
2022

1.756
2022

1.578
2022

1.340
2022

2.200
2022

1.800
2022

1.250
2022

1.800
2022

1.710
2021

1.650
2021

1.445
2021

1.220
2021

1.450
2021

1.360
2021

1.340
2021

1.150
2021

1.374
2021

1.359
2021

1.240
2021
10-01-2021

1.310
2021
10-01-2021

1.560
2020

-
2020

1.445
2020

-
2020

1.220
2020

1.450
2020

-
2020

1.310
2020

1.360
2020

1.150
2020

1.560
2020

1.374
2020

1.359
2020

1.240
2019

-
2019

1.674
2019

1.360
2019

1.868
2019

-
2019

1.370
2019

1.360
2019

1.340
2019

1.050
2019

1.536
2019

-
2019

1.359
2019

1.008
2018

-
2018

1.360
2018

1.517
2018

-
2018

-
2018

-
2018

1.150
2018

1.248
2018

1.104
2018

-
2017

-
2017

-
2017

-
2017

1.692
2017

1.764
2017

-
2017

1.603
2017

-
2017

1.290
2017

2.062
2017

1.419
2017
10-01-2017

2.120
2016

-
2016

-
2016

1.692
2016

1.603
2016

-
2016

-
2016

1.290
2016

2.052
2016

1.419
2016
10-01-2015

-
2016
10-01-2015

2.052
2016
10-01-2015

2.052
2015

-
2015

-
2015

-
2015

1.603
2015

-
2015

2.052
2015

1.419
2014

-
2014

-
2014

-
2013

-
2013

-
2013

-
2012

-
2012

-
2011

-
2010

-
2009

-

Contacts

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President
(766) 429-9087
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(062) 746-7431
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Benefits Admin
(398) 521-4605
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Benefits Admin
(853) 696-1365
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Benefits Admin
(505) 137-2312
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Principal
(395) 585-5467
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Benefits Admin
(852) 253-9572
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Benefits Admin
(034) 391-9396
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Benefits Admin
(887) 887-7452
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Benefits Admin
(145) 945-9691
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Human Resources Manager
(037) 480-0975
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Industry Classification

Retirement Benefits

Financials

20212020201920182017201620152014201220112010
BOY Assets: $ 2,474,287 $ 8,136,125 $ 167,920 $ 2,158,812 $ 729,154 $ 955,042 $ 421,800 $ 631,045 $ 289,458 $ 599,304 $ 574,258
Liabilities: $ 0 $ 97 $ 27 $ 37 $ 3 $ 3 $ 9
EE Contrib: $ 496,331 $ 23,680 $ 903,554 $ 298,321 $ 113,194 $ 523,872 $ 12,362 $ 74,767 $ 774,042 $ 867,636 $ 486,184
Emp Contrib: $ 0 $ 67 $ 56 $ 3 $ 5 $ 75 $ 830 $ 5
Income/Loss: $ 168,753 $ 766,822 $ 753,949($ 668,852) $ 26,932 $ 69,327($ 78,654) $ 23,689 $ 98,892($ 2,695) $ 91,716
Total Income: $ 875,743 $ 879,423 $ 695,751 $ 855,714 $ 589,670 $ 924,998 $ 125,740 $ 832,856 $ 551,540 $ 238,429 $ 728,929
Paid Benefits: $ 124,240 $ 748,872 $ 72,633 $ 88,032 $ 93,549 $ 6,338 $ 754,517 $ 11,849 $ 5,508 $ 58,327 $ 3,509
Expenses: $ 0 $ 958 $ 53 $ 9 $ 1 $ 559 $ 8
  Commission: $ 13,671 $ 21,690 $ 8,717 $ 7,899 $ 7,816 $ 763 $ 282 $ 680 $ 274 $ 869 $ 166
Net Income: $ 737,832 $ 701,835 $ 134,890 $ 4,087 $ 484,885 $ 242,946($ 79,479) $ 38,210 $ 827,705 $ 1,170 $ 790,764
Net Assets: $ 3,212,119 $ 8,666,162 $ 9,380,696 $ 9,048,975 $ 2,961,420 $ 281,525 $ 620,282 $ 715,677 $ 154,605 $ 467,896 $ 207,925

Participants

20212020201920182017201620152014201220112010
Total Participants:36403503827077443376291848091215
Active Part.:316747014990244512469833456d06
Retired Part.:a74f0630ffa7c00c8d5faf
Deceased Part.:3fa4 2f26f12b2251e1c97

Insurance

No Insurance Coverage

Providers

AJKRBST KDYIZTWLBW DVYOSVSYULW

225 KENNETH DRIVE
ROCHESTER, NY 14623
ADDAAP XJNQUTLOAE ZZTEDKTJ
4340 REDWOOD HWY
SAN RAFAEL, CA 94903
Investment advisory (participants)
Compensation:$13,160
Relation:ADVISOR

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.

    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

2021202020192018201720162015201420132012
BOY Assets: $ 0 $ 6 $ 7 $ 7 $ 2 $ 41 $ 5 $ 2
Liabilities: $ 0 $ 3 $ 1 $ 6 $ 6 $ 43
EE Contrib: $ 0 $ 0 $ 5 $ 7
Emp Contrib: $ 0 $ 98 $ 35 $ 396 $ 5 $ 27 $ 6
Income/Loss: $ 0 $ 0 $ 2 $ 6 $ 6 $ 9 $ 46 $ 56
Total Income: $ 0 $ 55 $ 8
Paid Benefits: $ 0 $ 1 $ 688 $ 1 $ 8 $ 3 $ 58 $ 6
Expenses: $ 0 $ 6 $ 59 $ 71
  Commission: $ 0 $ 6 $ 5 $ 54 $ 0 $ 4
Net Income: $ 0 $ 67 $ 74 $ 0 $ 7 $ 9 $ 578
Net Assets: $ 0 $ 2 $ 2 $ 4 $ 86 $ 628

Participants

2021202020192018201720162015201420132012
Total Participants:283917142143451436349070293623
Active Part.:283998226763492403337518077901
Retired Part.:3f4ff78c3481cacc8b
Deceased Part.:b02f92c27bf29b049

Insurance

KWC ENDZVZV XCPBTNOE TYIL FLWZFZPXN ISARUWE
Renewal:06-30-2021
Covered:101
  1. Long Term Disab. Ins

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 17,721
Commission15% $ 2,658
Fees2% $ 355
Brokers
YRR KRIZJUY SNBSTLMM QKGE VPQURTQIT LRHLWRO
Renewal:06-30-2021
Covered:123
  1. Life Insurance
  2. ACCIDENTAL DEATH AND DISMEMBERMENT

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 26,684
Commission15% $ 4,003
Fees2.17% $ 578
Brokers
IZCBAIMSVA ABODWZOSH ZJUYOYJ LW TEBSBNW
Renewal:06-30-2021
Covered:63
  1. ACCIDENT, CRITICAL ILLNESS, HOSPITAL INDEMNITY

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 19,379
Commission66.95% $ 12,974
Fees0% $ 0
Brokers
VMUSY MQTZWV QN GVHSOAUKFJJJ
Renewal:06-30-2021
Covered:404
  1. Dental

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 72,236
Commission10% $ 7,224
Fees0% $ 0
Brokers
BKQXUMB HJBSHBZGO WXMBZPLVT EYJASFY
Renewal:06-30-2021
Covered:206
  1. Health
  2. Vision
  3. Prescription Drug
  4. PPO Contract

Retention: $ 458,431
Claims: $ 1,752,226
Loss Ratio:0.85
Exp Rated Premium $ 2,050,267
Non-Exp Rated Premium: $ 0
Commission5.04% $ 103,421
Fees0% $ 0
Brokers
USQ CNUUKWL DUQVMZQV KWYK XYMUIPHFG AJDLOSJ
Renewal:06-30-2021
Covered:283
  1. Life Insurance
  2. ACCIDENTAL DEATH AND DISMEMBERMENT

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 16,505
Commission10.39% $ 1,715
Fees2.04% $ 337
Brokers
GIU GUKRHOG IAZXRVNO XNUG NPGNVECJZ VSIZPHI
Renewal:06-30-2021
Covered:283
  1. Temp. Disability Insurance

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 65,476
Commission4.8% $ 3,142
Fees2.04% $ 1,336
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

Motor Carrier