T.a. Ward Constructors Inc.

1562 Oakdale Rd
Oakdale, PA 15071

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 high. It is in the 83rd percentile compared to peers.
  • Mod increased by more than 75% of peers.
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 in-line with peers, in the 48th percentile.
  • LCM Decreased by more than 75% of peers.
Average

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, 1.8% increased their LCM vs those who stayed with their current provider who saw a 3.2% increase.
  • Current Carrier's market share is in the 75th percentile at 7% of the market.
Average

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2022

1.725
(Current: 1.680)
2021
10-01-2021

1.878
2020

1.597
2019

1.488
2018

1.373
2017

1.373
2016

1.373
2015

1.309
2014

-
2013

-
2012

-
2011

-
2010

-
2009

-

Contacts

Nmokw Ubynrf
Owner
(134) 079-2822
llmbgxq@bbdeac.pgs

JCVZT SEJXTG
Benefits Admin
(673) 240-8058
1dc5

R. M. UWEM
Benefits Admin
(869) 350-7283
30f

Q. X. XSJY
Benefits Admin
(251) 420-2786
5411c

W W Qpub
President
(351) 205-7813
bcd2

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 1,182,667 $ 4,277,443 $ 3,061,603 $ 3,102,984 $ 3,722,020 $ 5,620,904 $ 8,514,840 $ 8,485,684 $ 5,086,944 $ 9,228,560 $ 1,802,698 $ 787,057
Liabilities: $ 0 $ 1 $ 2 $ 9 $ 9 $ 5 $ 9 $ 94
EE Contrib: $ 62,221 $ 52,255 $ 88,823 $ 43,870 $ 73,220 $ 7,712 $ 60,776 $ 42,939 $ 27,412 $ 91,070 $ 96,602 $ 71,220
Emp Contrib: $ 12,276 $ 4,370 $ 19,837 $ 76,496 $ 44,351 $ 61,051 $ 66,304 $ 95,842 $ 2 $ 8 $ 35
Income/Loss: $ 163,266 $ 963,872 $ 29,025($ 1,299) $ 463,806 $ 70,338($ 86,375) $ 18,949 $ 258,918 $ 356,356($ 9,948) $ 719,327
Total Income: $ 237,763 $ 38,830 $ 117,064($ 90,734) $ 669,782 $ 145,852 $ 96,955 $ 135,431 $ 49,139 $ 862,361 $ 2,513 $ 369,363
Paid Benefits: $ 4,987 $ 414,128 $ 696,475 $ 42,467 $ 82,069 $ 74,326 $ 11,190 $ 36,040 $ 90,155 $ 53,737 $ 77,427 $ 57,287
Expenses: $ 0 $ 7,005 $ 0 $ 8 $ 8 $ 8 $ 5,551 $ 2 $ 8 $ 36
  Commission: $ 14,968 $ 22 $ 45 $ 270 $ 592 $ 241 $ 0 $ 4,591 $ 2 $ 508 $ 2
Net Income: $ 217,808($ 69,064)($ 314,599)($ 55,764) $ 803,255 $ 590,120 $ 19,542 $ 91,199 $ 840,924 $ 461,539($ 61,917) $ 424,365
Net Assets: $ 1,400,475 $ 2,674,447 $ 6,051,780 $ 5,643,779 $ 4,726,228 $ 1,771,674 $ 5,622,380 $ 9,741,320 $ 2,145,935 $ 1,943,041 $ 7,261,868 $ 355,030

Participants

202120202019201820172016201520142013201220112010
Total Participants:402410941900313384601957
Active Part.:3905114862306558b157b c87
Retired Part.:d8910437dd47409e4774448
Deceased Part.:249e927509ecbde19914

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.

    2A - Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).

Motor Carrier