PEERLESS INDUSTRIES INC

2300 WHITE OAK CIR
AURORA, IL 60502

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

Premium

Worker's Comp premium is based on two key factors - the LCM your carrier has filed to use, and the total payroll you run over the policy term, which is multiplied by the rate to determine premium. Comparing premium to businesses in the same industry and of similar size can indicate how fair your WC insurance provider's costs are relative to the market.

  • Premium is Higher than 79% of peers.
  • In the last year, premium Increased by 24%. While peers Increased an average of 2%.
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.

  • 16% of peers have changed carriers since last year. Those who did, saw a 8.9% decrease in premium vs those who stayed with their current provider had a 4% increase, roughly 2x those who stayed with their current provider.
  • Current Carrier's market share is in the 75th percentile at 5.3% 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 Carrier Premium LCM
2023

-
2023

2.523
2023

2.241
2023

2.241
2022

-
2022

2.062
2022

3.189
2022

-
2022

-
2022

1.730
2022

2.168
2022

3.186
2022

2.487
2021

-
2021

2.894
2021

1.985
2021

-
2021

1.313
2021

1.740
2021

2.112
2021

3.186
2021

2.421
2020

-
2020

3.312
2020

1.451
2020

1.880
2020

3.139
2020

1.700
2020

1.486
2020

2.008
2020

3.051
2020

2.421
2019

-
2019

2.366
2019

1.062
2019

1.880
2019

-
2019

-
2019

1.630
2019

1.351
2019

-
2019

2.416
2019

-
2018

-
2018

2.158
2018

-
2018

-
2018

-
2018

1.216
2018

2.416
2018

1.062
2017

-
2017

1.130
2017

-
2017

-
2017

1.550
2017

-
2017

1.300
2017

2.250
2017
11-01-2017

2.000
2016

-
2016

1.130
2016

-
2016

-
2016

1.300
2016

2.000
2016

2.250
2015

-
2015

1.130
2015

-
2015

2.000
2015

-
2014

-
2014

-
2014

-
2014

-
2014

-
2014

-
2013

-
2013

-
2013
11-01-2013

-
2013
03-06-2014

-
2012

-
2011

-
2009
11-01-2009

-

Contacts

Sflgor Vgmx
Owner
(757) 359-6168
76f83

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(212) 590-3167
8b288

885
(757) 586-5168
03463

1 4
(358) 071-5044
088

FJFT QLCHURRKJM
Benefits Admin
(566) 221-4714
ab8c7

NCTW MDUUAGKOAU
Benefits Admin
(883) 557-7556
9679

MYWNA FFSNKJHGNU
Benefits Admin
(218) 996-5745
89ba

JNUPU KORJRUFLMK
Benefits Admin
(261) 615-8688
8df7

NSIJU QPWQJTJVFT
Director
(663) 687-5569
htaoefieqrv@youdvfzt-lc.jpu

Dxzg Skukd
President
(848) 785-6857
tfdf@lumyfoau-xb.svo

OOQJDL C. SUIHY
Benefits Admin
(128) 004-8178
308

Gupxm Ctktqbawd
President
(503) 544-1802
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LSGOD OIPWKRWECY
Benefits Admin
(086) 138-7581
069

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President
(404) 062-3561
b38

Hkfceub Yprshjd Icfrtj
Owner
(773) 288-8982
896a0

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 22,653,720 $ 55,972,329 $ 30,985,312 $ 62,178,345 $ 71,081,739 $ 71,655,253 $ 30,774,852 $ 95,667,421 $ 48,516,641 $ 984,485 $ 6,179,853 $ 2,026,345
Liabilities: $ 0 $ 30 $ 673 $ 1 $ 377 $ 6 $ 1 $ 26
EE Contrib: $ 1,073,043 $ 7,251,610 $ 9,522,548 $ 487,450 $ 69,464 $ 321,391 $ 193,744 $ 831,148 $ 857,225 $ 430,304 $ 641,474 $ 915,546
Emp Contrib: $ 360,774 $ 804,355 $ 195,727 $ 866,610 $ 877,771 $ 93,126 $ 457,678 $ 20,377 $ 80,573 $ 95,935 $ 149,976 $ 26,713
Income/Loss: $ 1,222,688 $ 1,788,428 $ 8,119,016($ 4,114,705) $ 5,266,654 $ 998,030($ 214,000)($ 382,452) $ 1,397,332 $ 13,217($ 181,762) $ 36,243
Total Income: $ 4,855,539 $ 9,469,651 $ 2,189,129 $ 649,915 $ 9,075,319 $ 4,100,518 $ 161,863 $ 8,442,927 $ 8,139,561 $ 3,588,037 $ 818,373 $ 91,651
Paid Benefits: $ 648,869 $ 7,792,542 $ 631,616 $ 2,083,946 $ 972,626 $ 77,729 $ 2,553,512 $ 7,115,389 $ 4,572,233 $ 189,146 $ 8,378,561 $ 831,608
Expenses: $ 0 $ 83 $ 9 $ 82 $ 1 $ 9 $ 0 $ 1 $ 361 $ 6
  Commission: $ 13,062 $ 28,209 $ 98,588 $ 43,188 $ 86,138 $ 19,932 $ 24,072 $ 7,624 $ 902 $ 1,996 $ 618 $ 1,240
Net Income: $ 4,155,029 $ 6,645,269 $ 300,589($ 729,154) $ 6,063,860 $ 5,731,894($ 131,713) $ 46,750 $ 8,842,862 $ 8,223,282($ 967,789) $ 7,354,147
Net Assets: $ 26,808,749 $ 90,341,066 $ 93,265,764 $ 63,701,823 $ 11,502,279 $ 76,470,190 $ 83,800,914 $ 37,627,463 $ 15,715,229 $ 55,696,813 $ 5,550,071 $ 1,213,835

Participants

202120202019201820172016201520142013201220112010
Total Participants:254322083542951760981939082663999674
Active Part.:201295288072612572500462815865946062
Retired Part.:73dc4 c84e8443efe226
Deceased Part.:3f249fdcccf4ff4abc2

Insurance

VIQAO-XXFP PCKH & FBLOLIG PBFZISOAU NPGKCIF
Renewal:12-31-2021
Covered:66
PENSION_EOY_SEP_ACCT_AMT: 0PENSION_PREM_PAID_TOT_AMT: 0

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 0
Commission $ 0
Fees $ 0

Providers

FCIHWOA AYJGNLIHU KSXARKDWHM
MANAGEMENT, INC. 353 N. CLARK STREET
CHICAGO, IL 60654
Investment advisory (plan)
Compensation:$36,515
Relation:INVESTMENT ADVISOR
SEJIM-WESB NUJZ & LMNQYUL HQSMHICXN
COMPANY 8515 EAST ORCHARD ROAD
GREENWOOD VILLAGE, CO 80111
Recordkeeping fees
Compensation:$0
Relation:RECORDKEEPER
IYZM QASE SRPPBWBZPZ EOHIE DMO.
6737 W. WASHINGTON ST STE 1105
MILWAUKEE, WI 53214
Other (specify)
Compensation:$5,300
Relation:TPA
MHOXJMF GOZOOOVUT THIKWURDJL BHCF
353 NORTH CLARK STREET
CHICAGO, IL 60654
Investment management
Compensation:$10,073
Relation:INVESTMENT MGMT
VVLP KCFO OGFDUBSOTQ MDTJS BYJ.
Source: GREAT-WEST LIFE & ANNUITY INSURANCE
Other (specify)
Compensation:TPA ALLOWANCE PAYMENT

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.

    2S - Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.

    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.

    3H - Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

Health Benefits

Participants

2021
Total Participants:234
Active Part.:229
Retired Part.:5
Deceased Part.:

Insurance

IQACIQ QSNAQIT AMPU
Renewal:12-31-2021
Covered:223
  1. Vision

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 37,336
Commission4.41% $ 1,647
Fees0% $ 0
Brokers
JDRXNLMKR HVAV SSRMJHAGJ XRWCSDX
Renewal:12-31-2021
Covered:332
  1. Life Insurance
  2. Temp. Disability Insurance
  3. Long Term Disab. Ins
  4. Indemnity Contract
  5. AD&D

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 226,150
Commission12.96% $ 29,302
Fees0% $ 0
Brokers

Providers

No Providers

Features

    4A - Health (other than vision or dental).

    4B - Life insurance.

    4D - Dental.

    4E - Vision.

    4F - Temporary disability (accident and sickness).

    4H - Long-term disability.

    4L - Death benefits (include travel accident but not life insurance).


OSHA