Eagle Stainless Container Eagle FAR East Inc T/a

816 Nina Way
Warminster, PA 18974

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 18th percentile compared to peers.
  • There was a recent mod decrease.
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 13th percentile compared to peers.
  • In the last year, LCM Increased by 5%. While peers Increased an average of 4%.
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, 6% decreased their LCM vs those who stayed with their current provider who saw a 5% increase.
  • Current Carrier's market share is in the 95th percentile at 4.7% of the market.
Good

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2022

1.279
2021

1.218
2020

1.183
2019

1.183
2018

1.226
2017

1.290
2016

1.259
2015

1.259
2014

-
2013

-
2012

-
2011

-
2010

-
2009

-

Contacts

SQNWAKX HUH
Director
(099) 152-6940
bewqnll@ccakobbjtv.pan

LLEJRQM PWR
Benefits Admin
(154) 983-7427
80f

Qml Cj Ynx
President
(381) 248-2047
98b

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 686,613 $ 693,420 $ 515,303 $ 315,156 $ 600,868 $ 203,926 $ 919,457 $ 156,786 $ 930,708 $ 89,290 $ 77,577 $ 1
Liabilities: $ 0 $ 8 $ 9 $ 9 $ 90 $ 3 $ 39 $ 23
EE Contrib: $ 58,233 $ 13,060 $ 34,519 $ 22,276 $ 83,391 $ 98,344 $ 98,199 $ 47,072 $ 75,605 $ 92,797 $ 23,116 $ 17,728
Emp Contrib: $ 32,704 $ 99,125 $ 71,484 $ 32,779 $ 17,086 $ 56,032 $ 47,630 $ 58,392 $ 12,117 $ 57,801 $ 96,815 $ 84,901
Income/Loss: $ 78,530 $ 66,887 $ 58,865($ 259) $ 65,023 $ 8,565($ 3,001) $ 2,574 $ 39,619 $ 2,106($ 392) $ 2,844
Total Income: $ 169,467 $ 182,608 $ 570,988 $ 23,512 $ 12,899 $ 73,193 $ 49,695 $ 43,732 $ 31,024 $ 66,384 $ 92,501 $ 18,646
Paid Benefits: $ 1,875 $ 2,376 $ 1 $ 3 $ 6,907 $ 3
Expenses: $ 0 $ 4 $ 18 $ 71 $ 36 $ 1 $ 433
  Commission: $ 932 $ 8 $ 9,254 $ 295 $ 2 $ 5 $ 52 $ 76 $ 5 $ 5
Net Income: $ 166,660 $ 616,039 $ 729,020 $ 56,389 $ 72,644 $ 13,572 $ 80,594 $ 39,723 $ 86,732 $ 81,663 $ 68,673 $ 39,716
Net Assets: $ 853,273 $ 587,183 $ 100,900 $ 739,357 $ 41,243 $ 101,578 $ 750,945 $ 436,002 $ 688,634 $ 842,895 $ 54,763 $ 41,164

Participants

202120202019201820172016201520142013201220112010
Total Participants:2192909882447285744454
Active Part.:2076000758119252f8b2aafac
Retired Part.:e5f0fbe4bfb202e25 922490
Deceased Part.:99f6aef2eb26b9e295969699

Insurance

No Insurance Coverage

Providers

No Providers

Features

    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).

    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