Hocking Printing Company Inc

615 E Main St, P.O. Box 456
Ephrata, PA 17522

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 very good. It is in the 0th percentile compared to peers.
  • 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 3rd percentile compared to peers.
  • In the last year, LCM Decreased by 1%. While peers Increased an average of 1%.
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.

  • 5% of peers have changed carriers since last year.
  • Of those who changed carriers, 17.5% decreased their LCM vs those who stayed with their current provider who saw a 2.1% increase, a difference of roughly 8x.
  • Current Carrier's market share is in the 99th percentile at 45.9% of the market.
Needs Attention

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2023

1.199
2022

1.215
2021

1.135
2020

1.566
2020

1.135
2019

1.456
2018

1.456
2017

1.476
2016
01-31-2016

1.387
2015

1.387
2014

-
2013

-
2012

-
2011

-
2010

-
2009
01-31-2009

-

Contacts

BRYQR R. WHJOUVS
Business Owner
(776) 844-9684
Dqjyu@fpu.zgi

BOXAL Y. GWPFPPZ
Benefits Admin
(351) 360-2369
323

Jscor D Hqexrpy
President
(083) 617-4255
7d3

Industry Classification

Retirement Benefits

Financials

202220212020201920182017201620152014201320122011
BOY Assets: $ 1,649,406 $ 5,781,186 $ 9,594,045 $ 8,168,261 $ 1,982,906 $ 311,223 $ 989,040 $ 341,555 $ 6,343,753 $ 677,541 $ 495,216 $ 97,532
Liabilities: $ 0 $ 81 $ 97 $ 1 $ 7 $ 5 $ 729 $ 571 $ 519
EE Contrib: $ 28,271 $ 14,912 $ 73,707 $ 72,969 $ 26,737 $ 43,521 $ 71,745 $ 60,902 $ 65,983 $ 54,486 $ 48,749 $ 32,190
Emp Contrib: $ 40,609 $ 87,486 $ 13,841 $ 39,126 $ 17,559 $ 31,566 $ 57,999 $ 92,643 $ 45,820 $ 63,084 $ 2,666 $ 53,600
Income/Loss: $ 130,029 $ 689,425 $ 817,156($ 37,069) $ 641,968 $ 964,553($ 46,050) $ 33,261 $ 290,798 $ 40,461 $ 9,325 $ 35,348
Total Income: $ 198,909 $ 337,541 $ 407,513 $ 1,558 $ 909,676 $ 935,593 $ 32,365 $ 306,448 $ 59,614 $ 497,171 $ 68,191 $ 706,246
Paid Benefits: $ 4,895 $ 47 $ 98,880 $ 51,859 $ 51,732 $ 77,943 $ 898,048 $ 730,941 $ 46,510 $ 51,500 $ 53,487
Expenses: $ 0 $ 712 $ 1 $ 3 $ 331 $ 2 $ 31
  Commission: $ 13,481 $ 202 $ 871 $ 128 $ 888 $ 620 $ 959 $ 4,461 $ 607 $ 677 $ 4,567 $ 1,083
Net Income: $ 180,533 $ 530,610 $ 183,774($ 363,158) $ 608,425 $ 355,454($ 81,586)($ 97,278)($ 80,714) $ 70,327 $ 52,905 $ 753,920
Net Assets: $ 1,829,939 $ 6,404,410 $ 5,792,203 $ 6,710,392 $ 4,771,706 $ 3,632,949 $ 289,328 $ 328,904 $ 570,343 $ 4,765,555 $ 744,520 $ 744,273

Participants

202220212020201920182017201620152014201320122011
Total Participants:130031601365203912432596
Active Part.:1260735402937106fc68d1ba
Retired Part.:3ad35bbb775f7533576c44e3
Deceased Part.:5f54f74b453349179442 145

Insurance

No Insurance Coverage

Providers

No Providers

Features

    2E - Profit-sharing

    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.

    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.

    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.