GARDNER SHOES INC

8513 MIDLOTHIAN TPKE
NORTH CHESTERFIELD, VA 23235

Talking Points

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 5th percentile compared to peers.
Good

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.

  • 7% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 99th percentile at 20.4% of the market.
Good

Business Stats

Policy History

Term Carrier LCM
2022

1.001
(Current: 1.078)
2021

1.001
2020

1.828
2019

1.828
2015

-
2015

-
2015

-

Contacts

SOIVBWO U. NEYERRK
Benefits Admin
(944) 594-3293
18c

MWFCVHFR ALROU
Benefits Admin
(905) 754-4849
582

Industry Classification

Retirement Benefits

Financials

2021202020192018201720162015201420132012
BOY Assets: $ 1,077,068 $ 738,324 $ 125,161 $ 259,426 $ 134,869 $ 516,414 $ 21,472 $ 653,270 $ 29,742 $ 8
Liabilities: $ 0 $ 77 $ 3 $ 42 $ 10 $ 1 $ 11 $ 319 $ 0 $ 4
EE Contrib: $ 57,570 $ 74,991 $ 39,521 $ 74,120 $ 36,287 $ 67,461 $ 63,860 $ 3,485 $ 64,490 $ 31,644
Emp Contrib: $ 50,480 $ 75,930 $ 64,142 $ 20,814 $ 1,334 $ 96,873 $ 1,351 $ 40,478 $ 86,845 $ 17,978
Income/Loss: $ 152,280 $ 856,784 $ 495,226($ 59,082) $ 88,925 $ 51,331($ 9,328) $ 62,380 $ 61,812($ 7)
Total Income: $ 260,330 $ 182,245 $ 658,252 $ 329,299 $ 775,476 $ 281,812 $ 583,366 $ 29,946 $ 799,683 $ 31,537
Paid Benefits: $ 82,302 $ 98,075 $ 36,376 $ 77,855 $ 87,680 $ 92,321 $ 62,372 $ 2,852 $ 3,182 $ 7
Expenses: $ 0 $ 258 $ 8 $ 0 $ 8 $ 1 $ 5
  Commission: $ 14,449 $ 88,054 $ 4,184 $ 9,491 $ 7,595 $ 3,323 $ 7,562 $ 1,235 $ 4 $ 1
Net Income: $ 163,579 $ 432,413 $ 813,472 $ 6,006 $ 455,651 $ 887,643 $ 962,644 $ 37,622 $ 80,698 $ 83,485
Net Assets: $ 1,240,647 $ 875,041 $ 350,711 $ 873,459 $ 432,921 $ 130,328 $ 139,827 $ 527,247 $ 826,856 $ 12,833

Participants

2021202020192018201720162015201420132012
Total Participants:32964030404039401714
Active Part.:1768889569424747148
Retired Part.:477d7a974 9942 90
Deceased Part.:c7ccc96247fc2195ba

Insurance

No Insurance Coverage

Providers

No Providers

Features

    2E - Profit-sharing

    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.

    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)).

    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.

    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.