Grit Printing & Direct Mail

80 Choate Cir
Montoursville, PA 17754

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 2nd 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 22nd percentile compared to peers.
  • In the last year, LCM Increased by 10%. While peers Increased an average of 1%.
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.

  • 10% of peers have changed carriers since last year.
  • Of those who changed carriers, 7.1% decreased their LCM vs those who stayed with their current provider who saw a 1.9% increase, a difference of roughly 4x.
  • Current Carrier's market share is in the 99th percentile at 12.4% 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
2023

1.279
2022

1.168
2022
01-01-2022

1.168
2021

1.168
2020

1.168
2019

1.168
2018
01-01-2018

1.035
2017

1.035
2016

1.000
2015

1.000
2014

-
2013

-
2012

-
2011

-
2010
01-01-2010

-
2009

-

Contacts

Tslwymk Ojinpl
Senior Managing Editor
(699) 505-4649
pkwtoba@vpnj.cei

Qzcej Ayjcndo
President
(745) 216-7772
fbaa0

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e417
ehux@bwtjtsphsmhp.tyl

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 2,804,933 $ 1,717,813 $ 4,593,447 $ 7,281,369 $ 7,013,939 $ 8,725,289 $ 7,907,280 $ 7,536,863 $ 965,061 $ 28,282 $ 986,908 $ 497,422
Liabilities: $ 0 $ 6 $ 0 $ 11 $ 45 $ 0 $ 6,000,000 $ 1
EE Contrib: $ 105,933 $ 36,927 $ 122,336 $ 397,350 $ 456,590 $ 890,490 $ 123,422 $ 9,834 $ 16,498 $ 77,169 $ 22,241 $ 67,904
Emp Contrib: $ 38,436 $ 92,436 $ 97,307 $ 51,040 $ 54,315 $ 32,467 $ 91,637 $ 37,037 $ 2,182 $ 5,795 $ 16,018 $ 89,187
Income/Loss: $ 383,428 $ 80,924 $ 961,057($ 726,179) $ 5,607 $ 705,052($ 508) $ 24,743 $ 309,018 $ 86,551($ 91,335) $ 177
Total Income: $ 527,797 $ 3,221 $ 166,785($ 28,719) $ 361,078 $ 619,532 $ 899,880 $ 103,936 $ 634,463 $ 258,809 $ 84,423 $ 128,111
Paid Benefits: $ 154,930 $ 192,130 $ 68,960 $ 626,050 $ 3,203 $ 63,972 $ 5,691 $ 394,539 $ 440,357 $ 74,475 $ 61,158 $ 97,831
Expenses: $ 0 $ 2 $ 0 $ 9 $ 483 $ 725
  Commission: $ 330 $ 331 $ 566 $ 180 $ 280 $ 474 $ 3 $ 962 $ 176 $ 52 $ 9 $ 6
Net Income: $ 372,537 $ 877,205($ 411)($ 874,411) $ 140,667 $ 207,273 $ 359,715 $ 31,529 $ 291,488 $ 607,695 $ 36,962 $ 686,978
Net Assets: $ 3,177,470 $ 501,103 $ 7,466,362 $ 2,772,475 $ 7,389,394 $ 1,170,825 $ 7,345,689 $ 4,889,664 $ 121,909 $ 2,032,099 $ 932,913 $ 559,275

Participants

202120202019201820172016201520142013201220112010
Total Participants:312880509997878330062141
Active Part.:2671069267982204ee6941ea72
Retired Part.:d3f493d6ccd02055d596
Deceased Part.:a1501c c7 c1f126941bc5262

Insurance

No Insurance Coverage

Providers

No Providers

Features

    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.

    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.


OSHA

Motor Carrier