Stoystown Tank
PO BOX 239
STOYSTOWN, PA 15563
Talking Points
For the Agent
These are points that might help guide an agent as they look to approach a prospect.
- Increasing LCM and decreasing market share may indicate carrier is tightening underwriting guidelines and/or has written higher risk accounts that they are less willing to fight for.
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 60th percentile.
- Moddecreasedby more than 75% of peers.
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.
- LCM的坏蛋rent Carrier is in-line with peers, in the 46th percentile.
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.
- 12% of peers have changed carriers since last year.
- Current Carrier's market share is in the 95th percentile at 13.7% of the market.
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.
Business Stats
Policy History
| Term | Exp. Mod | Carrier | LCM |
|---|---|---|---|
| 2021 |
1.680 (Current: 1.764) |
||
| 2020 |
1.631 | ||
| 2019 |
1.631 | ||
| 2018 |
1.631 | ||
| 2017 |
1.673 | ||
| 2016 |
1.632 | ||
| 2016 10-01-2015 |
1.259 | ||
| 2015 |
1.259 | ||
| 2014 |
- | ||
| 2013 |
- | ||
| 2012 |
- | ||
| 2011 |
- | ||
| 2010 |
- | ||
| 2009 |
- | ||
| 2009 10-01-2008 |
- | ||
| 2008 |
- | ||
| 2007 |
- | ||
| 2007 10-01-2006 |
- | ||
| 2006 |
- | ||
| 2005 |
- | ||
| 2004 |
- | ||
| 2004 10-01-2003 |
- | ||
| 2003 |
- | ||
| 2002 |
- | ||
| 2001 |
- | ||
| 2000 |
- | ||
| 1999 |
- |
Contacts
Industry Classification
Fabricated Plate Work
Fabricated Plate Work (boiler Shop)
Pipes Mfg.--Tobacco
18507
Tailoring or Dressmaking Establishments--Custom
59660
Tank Building or Mfg.--Metal--Not Pressurized
59661
Tank Building or Mfg.--Metal--Pressurized
Retirement Benefits
Financials
| 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BOY Assets: | $ 2,971,872 | $ 6,341,314 | $ 9,969,803 | $ 2,665,109 | $ 4,785,887 | $ 2,596,155 | $ 9,520,995 | $ 623,718 | $ 506,712 | $ 8,735,052 | $ 2,834,820 |
| Liabilities: | $ 0 | $ 264 | $ 497 | $ 8 | $ 4 | $ 0 | $ 1 | $ 74 | $ 7 | $ 3 | |
| EE Contrib: | $ 35,954 | $ 96,443 | $ 47,444 | $ 18,118 | $ 95,131 | $ 75,638 | $ 53,048 | $ 55,120 | $ 80,013 | $ 69,924 | $ 71,611 |
| Emp Contrib: | $ 54,207 | $ 16,621 | $ 95,782 | $ 20,023 | $ 42,846 | $ 74,120 | $ 24,668 | $ 12,630 | $ 86,643 | $ 853 | $ 308 |
| 收益/损失: | $ 554,729 | $ 57,969 | ($ 527,493) | $ 104,531 | $ 618,200 | ($ 87,434) | $ 46,719 | $ 405,323 | $ 913,353 | ($ 5,588) | $ 174,277 |
| Total Income: | $ 644,890 | $ 822,133 | ($ 48,502) | $ 432,355 | $ 324,791 | $ 90,197 | $ 356,485 | $ 143,030 | $ 618,259 | $ 9,828 | $ 545,919 |
| Paid Benefits: | $ 85,648 | $ 4,320 | $ 394,046 | $ 82,491 | $ 255,913 | $ 510 | $ 367,993 | $ 21,299 | $ 73,039 | $ 251,569 | $ 3,023 |
| Expenses: | $ 0 | $ 1 | $ 4 | $ 8 | |||||||
| Commission: | $ 24,604 | $ 80,597 | $ 14,958 | $ 34,683 | $ 38,538 | $ 61,637 | $ 49,051 | $ 27,081 | $ 89,209 | $ 78,517 | $ 13,925 |
| Net Income: | $ 534,638 | $ 255,478 | ($ 338,946) | $ 817,356 | ($ 6,493) | $ 3,497 | ($ 30,400) | $ 207,522 | $ 891,049 | ($ 63,076) | $ 652,043 |
| Net Assets: | $ 3,506,510 | $ 7,366,197 | $ 2,635,209 | $ 4,283,235 | $ 4,061,056 | $ 2,907,395 | $ 1,111,654 | $ 8,330,667 | $ 4,047,877 | $ 2,843,043 | $ 3,134,789 |
Participants
| 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Participants: | 17 | 01 | 55 | 07 | 86 | 03 | 93 | 30 | 74 | 39 | 24 |
| Active Part.: | 9 | 79 | 29 | 62 | 79 | 34 | 59 | b6 | a | 36a | f |
| Retired Part.: | b9d | 6f6 | 7d8 | d75 | b | f | 0d8 | 8 | 7 | 82f | |
| Deceased Part.: | ce6 | 09 | c | 6 | 7 | 7c | ea | 78 | a46 | 6b |
Insurance
No Insurance CoverageProviders
No ProvidersFeatures
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.