GARCIA CASTRO CONSTRUCTION INC

2429 JASPER ST
PHILADELPHIA, PA 19125

Talking Points

For the Agent

These are points that might help guide an agent as they look to approach a prospect.

  • A break in policy terms may indicate inconsistent work load which can result in substandard employment.
Needs Attention

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 84th 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 Higher than 62% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
Needs Attention

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.

  • 17% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 95th percentile at 12.5% of the market.
Good

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2022

1.850
2021

1.850
2020
03-30-2020

3.187
2019

3.187

Contacts

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 5,191,524 $ 6,561,138 $ 7,494,888 $ 1,899,067 $ 9,430,418 $ 9,974,288 $ 4,290,975 $ 8,604,676 $ 1,771,777 $ 1,770,349 $ 4,099,801 $ 9,386,442
Liabilities: $ 9,086 $ 4,126 $ 8 $ 3 $ 6 $ 9 $ 2 $ 782
EE Contrib: $ 224,620 $ 899,069 $ 184,822 $ 853,328 $ 849,121 $ 523,334 $ 779,948 $ 304,555 $ 421,046 $ 251,297 $ 834,180 $ 730,253
Emp Contrib: $ 80,094 $ 32,927 $ 69,762 $ 33,197 $ 35,515 $ 5,930 $ 42,871 $ 88,063 $ 83,330 $ 23,065 $ 69,768 $ 14,855
Income/Loss: $ 811,689 $ 382,882 $ 687,020($ 719,051) $ 694,721 $ 676,676($ 1,441) $ 917,799 $ 4,200 $ 754,282($ 51,733) $ 374,477
Total Income: $ 1,123,217 $ 551,191 $ 6,158,408 $ 25,693 $ 220,717 $ 724,902 $ 172,873 $ 708,422 $ 528,336 $ 576,174 $ 651,461 $ 586,987
Paid Benefits: $ 327,068 $ 404,122 $ 493,774 $ 898,122 $ 10,832 $ 95,163 $ 314,593 $ 658,411 $ 215,160 $ 51,520 $ 2,150 $ 43,564
Expenses: $ 0 $ 1 $ 5 $ 6 $ 1 $ 2 $ 5 $ 4
  Commission: $ 26,807 $ 49,686 $ 97,331 $ 28,676 $ 21,999 $ 16,250 $ 71,280 $ 29,759 $ 26,171 $ 14,746 $ 86,697 $ 41,034
Net Income: $ 769,342 $ 760,373 $ 980,062($ 44,126) $ 773,963 $ 480,894 $ 12,548 $ 833,069 $ 541,571 $ 878,220 $ 739,351 $ 330,437
Net Assets: $ 5,960,866 $ 7,494,894 $ 3,601,653 $ 212,649 $ 1,228,811 $ 9,404,348 $ 2,990,492 $ 377,529 $ 2,590,192 $ 4,046,055 $ 2,212,460 $ 9,487,533

Participants

202120202019201820172016201520142013201220112010
Total Participants:112788002265434825336785132215360
Active Part.:105848830737265313599e7be079b5
Retired Part.:3d610d433cbc845dddcc5d44
Deceased Part.:9ad1c9e4af2456abee62

Insurance

DFEYOMTSD SKXP ASHBZAYCC GYSIBNZ
Renewal:12-31-2021
Covered:112
PENSION_EOY_SEP_ACCT_AMT: 3062229PENSION_PREM_PAID_TOT_AMT: 0

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 0
Commission $ 12,109
Fees $ 0
Brokers

Providers

VWQMUTEIV GXVZ XCGFTTGTP YRQPBPY
QIVNQXEEU WCQS RESXPAJNB EZPOSZMContract Administrator
Direct payment from the plan
Recordkeeping fees
Compensation:$26,807
Relation:CONTRACT ADMINISTRATOR
XQOHUEAIN MQDSAIWKJO ZLFOther services
Other commissions
Other (specify)
Compensation:$9,526
Relation:OTHER SERVICES
PUSEMDNV DVWWIEELJI XRGSUHRCAYSBInvestment advisory (plan)
Other investment fees and expenses
Compensation:$0
Relation:INVESTMENT ADVISORY
OOLHYGXTG DUEADFPTZC MEE
Source: PRINCIPAL LIFE INSURANCE COMPANY
Other services
Other commissions
Other (specify)
Compensation:COMMISSIONS AND REFERRAL/SERVICE FEE
XIDNKSBY SFOYFZVVVU HLJYNMOAIIMH
Source: PRINCIPAL LIFE INSURANCE COMPANY
Investment advisory (plan)
Other investment fees and expenses
Compensation:1 BASIS POINT ANNUALLY ON ELIGIBLE PLAN ASSETS IN WILSHIRE 3(21) OR WILSHIRE 3(21) AUTO-EXECUTE FIDUCIARY SERVICE.

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.


OSHA