Roy J Dunham Inc and or R J Dunham Hardware Inc

PO Box 78
Wellsboro, PA 16901

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 60th percentile.
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 Very Good, in the 15th percentile compared to peers.
  • In the last year, LCM Increased by 3%. While peers Increased an average of 0%.
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.

  • 8% of peers have changed carriers since last year.
  • Of those who changed carriers, 8.7% decreased their LCM vs those who stayed with their current provider who saw a 1% increase, a difference of roughly 9x.
  • Current Carrier's market share is in the 50th percentile at 2.4% of the market.
Needs Attention

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2023

1.250
(Current: 1.302)
2022

1.215
2022
02-01-2021

2.026
2021

2.026
2020

1.875
2019

1.728
2018

1.728
2017

1.728
2016

1.632
2015

1.632
2014

-
2013

-
2012

-
2011

-
2010

-
2009

-

Contacts

Xyhiha Nmbebv
President
(657) 964-6455
32806

Scqi V Rsrexe
President
(875) 531-6992
00f7

RZDLFR PKTE
Benefits Admin
(026) 599-3956
594

OEAI TPVARK
Benefits Admin
(442) 090-1635
a99c

PRY VOSCYQ
Benefits Admin
(292) 655-9864
5574

Wjixasp Qhl
Owner
(472) 840-0860
rjnkvzi.igz@qgbngjfjgaui.rpr.pr

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 2,370,502 $ 3,409,221 $ 9,508,634 $ 68,035 $ 5,651,998 $ 3,765,781 $ 3,434,089 $ 9,443,627 $ 5,622,300 $ 1,181,811 $ 9,771,635 $ 3,153,607
Liabilities: $ 0 $ 9 $ 79 $ 1 $ 36 $ 22 $ 5 $ 0 $ 2
EE Contrib: $ 22,255 $ 96,556 $ 25,327 $ 89,533 $ 47,781 $ 44,323 $ 855,165 $ 38,622 $ 7,504 $ 65,521 $ 3,027 $ 71,169
Emp Contrib: $ 5,167 $ 7,855 $ 2,087 $ 28,692 $ 99,180 $ 9,283 $ 10,293 $ 60,721 $ 76,254 $ 9,499 $ 59,570 $ 40,123
Income/Loss: $ 350,132 $ 732,409 $ 163,787($ 650,465) $ 231,203 $ 844,989($ 44,052) $ 474,826 $ 572,470 $ 353,426 $ 5,979 $ 264,250
Total Income: $ 377,554 $ 938,872 $ 835,230($ 345,257) $ 76,734 $ 147,638 $ 847,025 $ 390,453 $ 940,563 $ 329,648 $ 28,452 $ 681,599
Paid Benefits: $ 103,596 $ 957,719 $ 558,181 $ 960,565 $ 451,573 $ 983,131 $ 338,902 $ 82,431 $ 10,781 $ 17,087 $ 59,126 $ 34,532
Expenses: $ 12,263 $ 34 $ 643 $ 7,093 $ 6,706
  Commission: $ 0 $ 95,237 $ 65,672 $ 27,898 $ 79,187 $ 88,291 $ 59,627 $ 5,212 $ 98,293 $ 8,208 $ 4
Net Income: $ 261,695 $ 670,977 $ 228,105($ 352,598) $ 681,294($ 951,639)($ 288,370) $ 37,620 $ 393,732 $ 703,900 $ 43,119 $ 725,600
Net Assets: $ 2,632,197 $ 6,992,326 $ 1,986,419 $ 7,126,286 $ 8,523,795 $ 4,065,275 $ 7,488,036 $ 5,421,805 $ 3,555,981 $ 6,962,692 $ 2,161,883 $ 6,342,748

Participants

202120202019201820172016201520142013201220112010
Total Participants:225982837979208601336866
Active Part.:158128495436224941836010
Retired Part.:d52d22e 26e6af6810d
Deceased Part.:0 2319bbe0a9b9af9bb39

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.