It’s that time of year again – when we can recognize plan groups for their attentiveness to the bottom line with a monetary award. We are happy to announce that PLM/ILM has paid dividends to Indiana Hardwood Lumbermen’s Association (IHLA) and Oklahoma Lumbermen’s Association (OLA), two of our Safety Group Dividend Plans.
At the end of June, PLM/ILM paid a five percent dividend to the participating members of the IHLA Safety Group Dividend Plan. The group ended their 2016 plan year with an impressive loss ratio of just below 26 percent, earning the group their dividend. With 56 members in the group, dividends totaled $243,335.
Also in June, the OLA Safety Group Dividend Plan received dividends for their 2016 plan year. OLA achieved a loss ratio of more than 42 percent, earning the group a five percent dividend as well. The group’s 24 members received dividends totaling $67,727.
We were pleased to mail or deliver checks in person to all the participating members.
For more information on the recent dividend payouts or on any of our 13 dividend plans, please contact Susan Cho at 267-825-9350 or at scho@plmilm.com. Dividend program information can also be found on our website at www.plmilm.com/dividend-programs/.