Tottser Tool & DIE Shop Inc

935 Jaymor Rd
Southampton, PA 18966

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 53rd 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 96% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
  • In the last year, LCM Increased by 4%. While peers Increased an average of 1%.
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.

  • 14% of peers have changed carriers since last year.
  • Of those who changed carriers, 10.9% decreased their LCM vs those who stayed with their current provider who saw a 1.1% increase, a difference of roughly 10x.
  • Current Carrier's market share is in the 1st percentile at 1% 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

2.371
(Current: 2.399)
2021

2.280
2020

2.471
2019

1.853
2018
12-08-2018

3.187
2017

2.789
2016

2.702
2015

2.549
2014

-
2013

-
2012
12-08-2012

-
2011

-
2010

-
2009

-

Contacts

QMEDN CRXWR
President
(728) 678-5548
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Manager
(574) 619-1099
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Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 563,980 $ 129,706 $ 559,210 $ 830,733 $ 509,236 $ 690,716 $ 534,949 $ 67,108 $ 502,207 $ 527,894 $ 20,418 $ 704,980
Liabilities: $ 0 $ 23 $ 338 $ 3 $ 838 $ 83 $ 8 $ 7 $ 2 $ 389 $ 3
EE Contrib: $ 39,215 $ 22,619 $ 38,169 $ 53,517 $ 62,755 $ 28,201 $ 49,376 $ 3,045 $ 86,496 $ 10,978 $ 35,345 $ 87,575
Emp Contrib: $ 0 $ 19 $ 5 $ 1 $ 7 $ 4 $ 57 $ 9 $ 9 $ 95
Income/Loss: $ 71,584 $ 10,628 $ 36,952($ 83,848) $ 65,486 $ 96,900($ 225) $ 24,301 $ 99,426 $ 21,730($ 5,196) $ 67,838
Total Income: $ 110,799 $ 52,924 $ 555,019($ 5,730) $ 99,650 $ 8,398 $ 88,287 $ 7,835 $ 691,533 $ 27,766 $ 57,983 $ 17,606
Paid Benefits: $ 11,334 $ 715 $ 2,616 $ 369,601 $ 55,014 $ 1,486 $ 59,179 $ 13,766 $ 26,372 $ 2 $ 6,084
Expenses: $ 0 $ 291 $ 3,546 $ 2 $ 79 $ 0 $ 44
  Commission: $ 8,440 $ 9,879 $ 8 $ 3,361 $ 8,347 $ 5,907 $ 698 $ 11 $ 50 $ 386 $ 46
Net Income: $ 91,025 $ 4,728 $ 56,090($ 67,334)($ 64,423) $ 5,684 $ 17,659 $ 66,107 $ 503,614 $ 48,824 $ 84,638 $ 75,171
Net Assets: $ 655,005 $ 885,410 $ 740,590 $ 71,389 $ 875,149 $ 507,354 $ 775,571 $ 695,551 $ 853,774 $ 153,048 $ 171,778 $ 717,747

Participants

202120202019201820172016201520142013201220112010
Total Participants:210794709625588807323601
Active Part.:20742981712880918 9044a42
Retired Part.:e66eb9428618effeefe19285eda
Deceased Part.:3573571523305a8b74608041497

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.


OSHA