UNION WHOLESALE CO

SUFFOLK AVE 70TH ST
PHILADELPHIA, PA 19153

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 isvery good. It is in the 0th percentile compared to peers.
  • Moddecreasedby more than 75% of peers.
Good

LCM Rate

When you get coverage from a Carrier, you are placed in one of their 'Carrier Tiers' (An insurance company under the carrier's umbrella). These individual tiers get a rating from the bureau referred to as an LCM, which effects the premium you pay.

  • The LCM of the Current Carrier isVery Good, in the 12th percentile compared to peers.
  • LCMDecreasedby more than 75% of 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.

  • 13% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 50th percentile at 1.3% of the market.
Average

Business Stats

Policy History

Term Exp. Mod Carrier Premium LCM
2021

1.350
2021

1.381
2020

1.740
2020

1.620
2020

1.560
2020

1.560
2020

-
2020
01-16-2019

1.620
2020
12-17-2020

1.560
2019

1.620
2019

1.560
2019

-
2019

1.560
2019
12-15-2018

1.620
2018

-
2018
12-17-2018

1.560
2018
12-17-2018

1.560
2017

-
2017

1.508
2017
12-17-2017

1.508
2016

1.900
2016
12-17-2016

1.900
2015

1.900
2015

1.900
2015
09-01-2015

1.299
2014

-
2014

-
2014

-
2013

-
2013

-
2013

-
2012

-
2012

-
2012

-
2012

-
2011

-
2011

-
2011

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2011

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2010

-
2010

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2010

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2009

-
2009

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2008

-
2008

-
2007

-
2007

-
2007
12-17-2006

-
2007
12-17-2006

-
2007
12-01-2007

-
2006

-
2006

-
2006

-
2006

-
2006

-
2006
09-30-2006

-
2006
09-30-2006

-
2005

-
2005

-
2005

-
2005
11-10-2004

-
2004

-
2004

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2004

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2004
01-15-2004

-
2003

-
2003

-
2003
12-17-2003

-
2002

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2002
12-17-2002

-
2001

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2001
12-17-2000

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2001
12-17-2000

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2001
12-17-2000

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2001
12-17-2000

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2001
12-17-2000

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2001
12-17-2000

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2001
12-17-2001

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2001
12-17-2001

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2000

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2000

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2000
12-17-2001

-
2000
12-17-2001

-
1999

-

Contacts

SGWEGNK CQSAZQALKM
Admin
(812) 479-5619
4dc58

5d
(735) 812-6940
52a

4e3
(980) 146-7489
cd1

Industry Classification

Retirement Benefits

Financials

2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
BOY Assets: $ 1,737,631 $ 7,483,647 $ 9,050,570 $ 9,329,988 $ 605,087 $ 285,833 $ 820,162 $ 370,714 $ 84,019 $ 133,545
Liabilities: $ 0 $ 5 $ 1 $ 2 $ 4 $ 9 $ 59 $ 79
EE Contrib: $ 140,346 $ 3,379 $ 162,081 $ 54,521 $ 81,557 $ 30,929 $ 53,922 $ 59,858 $ 35,968 $ 1,763
Emp Contrib: $ 63,515 $ 23,911 $ 10,910 $ 527 $ 62,516 $ 17,708 $ 79,947 $ 12,045 $ 66,016
Income/Loss: $ 274,565 $ 33,387 $ 2,112 $ 266,368 $ 87,062 $ 1,338 $ 82,221 $ 381,044 $ 81,018 $ 5,431
Total Income: $ 478,426 $ 83,122 $ 559,990 $ 981,944 $ 128,688 $ 57,340 $ 722,741 $ 370,399 $ 340,025 $ 9,420
Paid Benefits: $ 67,400 $ 97 $ 954,183 $ 66,740 $ 5,897 $ 97,052 $ 53,839 $ 9 $ 5 $ 323,575
Expenses: $ 0 $ 6 $ 92 $ 48 $ 83 $ 3 $ 9 $ 80 $ 43
Commission: $ 14,657 $ 8 $ 3,458 $ 965 $ 1,698 50美元 $ 457
Net Income: $ 396,369 $ 11,204 $ 29,333 50美元4,607 $ 69,727 $ 98,607 $ 9,520 $ 341,549 $ 895,997 ($ 656,978)
Net Assets: $ 2,134,000 $ 7,083,898 $ 4,828,819 $ 6,792,672 $ 5,304,459 $ 374,556 $ 881,926 $ 410,982 $ 956,052 $ 956,081

参与者

2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Total Participants: 27 56 49 53 46 63 29 59 76 8
Active Part.: 22 25 74 36 45 17 0cc 0 c4 04
Retired Part.: a9 8 f6 a f fa9 56a aa f6
Deceased Part.: f 9 a df5 d38 2 90 46d d99

Insurance

No Insurance Coverage

Providers

No Providers

Features

    2A- Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).

    2E- Profit-sharing

    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.

    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.

    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.

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