Bison Construction Inc

9014 Olean TRL
Fairmount City, PA 16224

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 26th 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 Very Good, in the 5th percentile compared to peers.
  • LCM Decreased by more than 75% of 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.

  • 13% of peers have changed carriers since last year.
  • Of those who changed carriers, 11.3% decreased their LCM vs those who stayed with their current provider who saw a 1.9% increase, a difference of roughly 6x.
  • Current Carrier's market share is in the 95th percentile at 8.5% of the market.
Needs Attention

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
2022

1.215
(Current: 1.250)
2021

2.026
2020

1.875
2019

1.728
2018

1.728
2017

1.728
2016

1.632
2015

1.632
2015
10-19-2014

1.632
2014
10-19-2014

-
2013

-
2012

-
2011
10-19-2011

-
2010

-
2010
10-19-2009

-
2010
10-19-2009

-
2009

-

Contacts

MEMLO FDKMMO
Benefits Admin
(095) 203-9497
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Owner
(665) 798-5206
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Industry Classification

Retirement Benefits

Financials

20212020201920182017201620152014201320122011
BOY Assets: $ 1,237,149 $ 471,206 $ 70,427 $ 39,786 $ 937,485 $ 540,376 $ 149,123 $ 229,169 $ 6,491 $ 3,320
Liabilities: $ 0 $ 67 $ 7 $ 1 $ 8 $ 17 $ 57 $ 71
EE Contrib: $ 0 $ 61 $ 11 $ 5 $ 1 $ 5 $ 7 $ 638 $ 915 $ 53
Emp Contrib: $ 125,266 $ 596,675 $ 490,280 $ 740,192 $ 763,326 $ 842,987 $ 250,028 $ 295,969 $ 61,128 $ 69,378 $ 80,456
Income/Loss: $ 150,166 $ 809,001 $ 873,615($ 4,528) $ 554,980 $ 11,296($ 16) $ 73,826 $ 62,850 $ 83,253 $ 288
Total Income: $ 275,432 $ 171,898 $ 696,568 $ 27,454 $ 934,256 $ 71,666 $ 739,875 $ 428,566 $ 389,582 $ 569,425 $ 34,433
Paid Benefits: $ 728,746 $ 3,617 $ 691,167 $ 923,978 $ 45,056 $ 17,411 $ 90,345 $ 51,075 $ 41,493 $ 801
Expenses: $ 0 $ 2 $ 9 $ 7 $ 7 $ 4 $ 7 $ 74
  Commission: $ 0 $ 3 $ 65 $ 3 $ 73 $ 56 $ 7
Net Income:($ 453,314) $ 190,101 $ 693,728($ 981,219) $ 121,930 $ 249,079 $ 2,819 $ 317,754 $ 45,854 $ 475,422 $ 26,939
Net Assets: $ 783,835 $ 9,735,265 $ 946,190 $ 779,847 $ 671,105 $ 345,383 $ 277,175 $ 122,702 $ 907,415 $ 838,489 $ 12,727

Participants

20212020201920182017201620152014201320122011
Total Participants:70415504861518580498
Active Part.:7714425237230811a818f
Retired Part.:c7b90999588a1dc10b0c
Deceased Part.:ebb90b90d 40b3ff90b9

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.

    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.


OSHA

Motor Carrier