BUCKEYE FIRE EQUIPMENT COMPANY

PO BOX 428
KINGS MOUNTAIN, NC 28086

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 in-line with peers, in the 44th percentile.
  • 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 Higher than 84% 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.

  • 29% of peers have changed carriers since last year. This might indicate carriers are competing aggresively for similar businesses to cover.
  • Of the 29% of peers who changed carriers, This might indicate carriers are competing aggresively for similar businesses to cover.
  • Current Carrier's market share is in the 95th percentile at 21.4% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2023
AR
-
2023

1.760
2023

1.520
2022

1.641
2022

1.720
2022

-
2022

-
2022

1.760
2022

-
2022

1.520
2021

-
2021

1.780
2021

-
2021

-
2021

-
2021

-
2021

-
2021

1.168
2021

-
2021

-
2021

1.122
2021

1.581
2021

-
2021

-
2021
11-01-2021

-
2020

-
2020

1.780
2020

-
2020

-
2020

-
2020

-
2020

-
2020

-
2020

-
2020

1.168
2020

-
2020

1.122
2020

1.581
2020

-
2020

-
2020

-
2019

-
2019

1.780
2019

-
2019

-
2019

-
2019

-
2019

-
2019

-
2019

1.370
2019

-
2019

1.122
2019

1.581
2019

-
2019

-
2018

-
2018

-
2018

-
2018

-
2018

-
2018

-
2018

-
2018

1.370
2018

-
2018

1.122
2018

1.581
2018

-
2018

1.780
2018

-
2017

-
2017

-
2017

-
2017

-
2017

-
2017

1.370
2017

-
2017

1.122
2017

1.581
2017

-
2017

1.880
2017

-
2016

-
2016

-
2016

-
2016

-
2016

1.315
2016

-
2016

1.330
2016

-
2016

-
2016

1.398
2016

-
2016

-
2016
11-01-2016

1.536
2015

-
2015

-
2015

-
2015

-
2015

-
2015

-
2015

1.920
2015

-
2015

1.747
2015

-
2014

-
2014

-
2014

-
2014

1.564
2014

-
2014

-
2014

-
2014

1.855
2013

1.564
2013
11-01-2013

-
2012
11-01-2012

-
2011
11-01-2011

-
2010
11-01-2010

-
2009
11-01-2009

-

Contacts

Qdrwki Fvcdmvm
President
(294) 270-1716
qlyi@egysxegf.osa

Nul Svgvw
Regional Sales Manager
(086) 845-7472
julsqr@btmqpzme.wbe

Gwarb Bjdfuaq
President
(413) 073-4409
d87b7

Jwzt Zqwmphmzg
Manager
(570) 194-5061
69b

YFVEM HWELM
Vice President
(691) 224-1941
2392

Thxxy Vdhxf
North American Sales Manager
(060) 351-7489
7b03

S S PQIYXG
Benefits Admin
(819) 297-7770
30b77

Brsaba Hbjuh
Domain Registrant
(043) 809-6577
xdhm@cpyfzihj.ewq

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 1,356,848 $ 4,336,173 $ 741,472 $ 604,630 $ 31,335 $ 423,708 $ 945,310 $ 364,444 $ 891,323 $ 271,240 $ 265,917 $ 89,667
Liabilities: $ 0 $ 0 $ 84 $ 1 $ 210 $ 933 $ 477 $ 7,485
EE Contrib: $ 80,460 $ 60,794 $ 65,357 $ 24,093 $ 87,665 $ 49,953 $ 91,007 $ 71,211 $ 12,063 $ 48,375 $ 84,524 $ 46,752
Emp Contrib: $ 5,805 $ 6,390 $ 617 $ 5,360 $ 4,984 $ 338 $ 9,132 $ 8,208 $ 9,359 $ 1,478 $ 8,291 $ 2,832
Income/Loss: $ 181,847 $ 411,103 $ 619,493($ 24,445) $ 350,687 $ 88,151($ 519) $ 21,976 $ 9,187 $ 35,780($ 9,809) $ 33,564
Total Income: $ 268,112 $ 119,738 $ 952,501 $ 28,589 $ 724,276 $ 10,484 $ 65,142 $ 56,823 $ 421,031 $ 242,217 $ 66,092 $ 20,751
Paid Benefits: $ 59,816 $ 58,276 $ 30,529 $ 58,534 $ 184,832 $ 71,395 $ 6,028 $ 6,179 $ 3,578 $ 66,544 $ 73,635 $ 4,159
Expenses: $ 0 $ 4 $ 9 $ 4 $ 8 $ 16
  Commission: $ 200 $ 405 $ 962 $ 2 $ 6 $ 647 $ 7 $ 973 $ 635 $ 4
Net Income: $ 208,096 $ 804,495 $ 904,939($ 69,861) $ 831,148 $ 970,296 $ 35,715 $ 61,251 $ 992,073 $ 85,901 $ 42,120 $ 92,359
Net Assets: $ 1,564,944 $ 9,488,564 $ 9,877,410 $ 427,226 $ 699,678 $ 986,557 $ 284,695 $ 53,709 $ 847,240 $ 70,442 $ 869,408 $ 370,724

Participants

202120202019201820172016201520142013201220112010
Total Participants:245905988705185508662634168549735722
Active Part.:229267867138699866249398474062911158
Retired Part.:d36e388c8 00620ea333 d0
Deceased Part.:1236168f3e0e070ec

Insurance

No Insurance Coverage

Providers

No Providers

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.

    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.

    2R - Participant-directed brokerage accounts provided as an investment option under the plan.

    2T - Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

Health Benefits

Participants

2021
Total Participants:281
Active Part.:281
Retired Part.:
Deceased Part.:

Insurance

PRPUTLWXX OMKX BEXSMBLJQ
Renewal:06-30-2021
Covered:196

    Retention: $ 0
    Claims: $ 0
    Loss Ratio:
    Exp Rated Premium $ 0
    Non-Exp Rated Premium: $ 0
    Commission $ 22,876
    Fees $ 4,513
    Brokers

    Providers

    Features

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

      4B - Life insurance.

      4D - Dental.

      4E - Vision.

      4H - Long-term disability.