Shainline Excavating Inc

800 Township Line Rd
Phoenixville, PA 19460

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 73rd 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 Higher than 65% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
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.

  • 15% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 95th percentile at 9.7% of the market.
Good

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2022

2.026
(Current: 2.084)
2021

2.026
2020
09-30-2020

2.250
2020
09-30-2020

2.250
2019

2.250
2019

3.187
2019

2.250
2018

1.484
2018
09-30-2018

1.484
2017
09-30-2017

1.986
2016

1.986
2015

1.986
2014

-
2013

-
2012

-
2011

-
2010

-
2009

-

Contacts

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Chief Executive Officer
(393) 329-4011
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Benefits Admin
(502) 617-9228
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Benefits Admin
(924) 388-8896
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President
(698) 428-2947
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Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 967,526 $ 6,748,826 $ 34,224 $ 4,307,630 $ 472,608 $ 1,753,562 $ 8,320,247 $ 212,136 $ 8,681,933 $ 4,651,506 $ 9,095,624 $ 2,694,138
Liabilities: $ 0 $ 98 $ 3 $ 61 $ 1 $ 1 $ 942 $ 11
EE Contrib: $ 37,975 $ 62,302 $ 10,644 $ 66,269 $ 77,537 $ 96,640 $ 2 $ 1,877 $ 39,514 $ 60,082 $ 97,321 $ 49,650
Emp Contrib: $ 90,131 $ 7,503 $ 254,909 $ 43,082 $ 2 $ 71 $ 34,212 $ 420 $ 100,000,000 $ 5 $ 1 $ 4,168
Income/Loss: $ 114,141 $ 663,625 $ 555,053($ 17,056) $ 479,036 $ 18,722 $ 95,359 $ 202,906 $ 750,299 $ 827,027 $ 15,550 $ 812,215
Total Income: $ 242,247 $ 464,477 $ 713,946 $ 8,978 $ 189,463 $ 87,772 $ 36,016 $ 717,718 $ 343,891 $ 239,387 $ 490 $ 853,850
Paid Benefits: $ 86,252 $ 225,499 $ 791,548 $ 34,642 $ 30,541 $ 421,207 $ 940,845 $ 539,829 $ 88,034 $ 409,298 $ 65,055 $ 9,187
Expenses: $ 0 $ 1 $ 0 $ 82 $ 26 $ 7 $ 763
  Commission: $ 18,196 $ 65,007 $ 82,094 $ 31,277 $ 92,725 $ 35,344 $ 79,439 $ 26,911 $ 65,549 $ 4,587 $ 9 $ 727
Net Income: $ 137,799($ 941,634) $ 71,210($ 262,373) $ 987,962($ 77,028)($ 398,668)($ 896,806) $ 58,096 $ 54,630($ 30,533) $ 210,864
Net Assets: $ 1,105,325 $ 909,943 $ 4,173,475 $ 86,254 $ 6,561,893 $ 564,087 $ 5,435,589 $ 6,413,130 $ 8,507,839 $ 1,783,961 $ 1,086,423 $ 4,203,245

Participants

202120202019201820172016201520142013201220112010
Total Participants:391218254996696322956459
Active Part.:2572097807629050f17 0b6
Retired Part.:779b790ba5287bb 6784
Deceased Part.:12d74e0e7 f74f278554250658

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.

Motor Carrier