Requirements for Membership in the Trifac Workers Compensaton Fund

Requirements for Consideration.

* Minimum workers compensation premium of $5,000.

* Maximum experience modification factor of 1.50.

* Financial statements done by a CPA to either a review or audit level.

Requirements for Application & Membership.

* All of the above.

* $400 non-refundable check made payable to the Minnesota Department of Commerce. This is a one-time only payment.

* 3 years experience modification worksheets from MWCIA or NCCI.

* 3 years WC policy declaration pages.

* 3 years financial statements with at least the most current year at a review or audit level and done by a CPA. In addition, each year after joining the fund, a CPA must do the financial statement to either a review or audit level, and a copy provided to the Minnesota Department of Commerce.

* Must be a member or become a member of a chapter of Midwest Manufacturers’ Association (Arrowhead Manufacturing & Fabricators Association or Tri-State Manufacturing Association).

* Must be a member of the Trifac Workers Compensation Fund for 3-years. If a member leaves prior to the three-year period, they are subject to withdrawal penalties.

Information About Trifac

* Established January 1, 1997 for Minnesota manufacturing and related companies.

* Membership stands at 115 companies, $396,000,000 in Net Worth and 13,200 employees.

* Written premiums of $8,500,000.

* Specific excess insurance – W.C.R.A. at $410,000 per occurrence for calendar year 2008.

* Aggregate excess insurance – Midwest Employers Casualty Co. (A+ Rated)$3,000,000 limit $2,000,000 limit – Employers Liability excess of $410,000.

Eligible Employers:

* Plastics Mfg. Auto Body

* Food Processing Welding

* Foundry Precision Machine Parts Mfg.

* Sheet Metal Fabrication Die Cast Mfg.

* Embroidery Mfg. Bag Mfg.

* Agricultural Machinery Mfg. Machinery Mfg.

* Automobile Body Mfg. Tool Mfg.

* Machine Shop Electroplating

* Machinery Repair Hardware Mfg.

* Rubber Goods Mfg. Paper Goods Mfg.

* Bakery & Drivers Clothing Mfg.

* Wood Products Mfg. Printing

Other manufacturing operations may be admitted but are subject to the approval of the Board of Directors.




Associations:	Requirements for Membership in the Trifac Workers Compensaton Fund *Requirements for Consideration.* * Minimum workers compensation premium of $5,000. * Maximum experience modification factor of 1.50. * Financial statements done by a CPA to either a review or audit level. *Requirements for Application & Membership.* * All of the above. * $400 non-refundable check made payable to the Minnesota Department of Commerce. This is a one-time only payment. * 3 years experience modification worksheets from MWCIA or NCCI. * 3 years WC policy declaration pages. * 3 years financial statements with at least the most current year at a review or audit level and done by a CPA. In addition, each year after joining the fund, a CPA must do the financial statement to either a review or audit level, and a copy provided to the Minnesota Department of Commerce. * Must be a member or become a member of a chapter of Midwest Manufacturers’ Association (Arrowhead Manufacturing & Fabricators Association or Tri-State Manufacturing Association). * Must be a member of the Trifac Workers Compensation Fund for 3-years. If a member leaves prior to the three-year period, they are subject to withdrawal penalties. Information About Trifac * Established January 1, 1997 for Minnesota manufacturing and related companies. * Membership stands at 115 companies, $396,000,000 in Net Worth and 13,200 employees. * Written premiums of $8,500,000. * Specific excess insurance – W.C.R.A. at $410,000 per occurrence for calendar year 2008. * Aggregate excess insurance – Midwest Employers Casualty Co. (A+ Rated)$3,000,000 limit $2,000,000 limit – Employers Liability excess of $410,000. Eligible Employers: * Plastics Mfg. Auto Body * Food Processing Welding * Foundry Precision Machine Parts Mfg. * Sheet Metal Fabrication Die Cast Mfg. * Embroidery Mfg. Bag Mfg. * Agricultural Machinery Mfg. Machinery Mfg. * Automobile Body Mfg. Tool Mfg. * Machine Shop Electroplating * Machinery Repair Hardware Mfg. * Rubber Goods Mfg. Paper Goods Mfg. * Bakery & Drivers Clothing Mfg. * Wood Products Mfg. Printing Other manufacturing operations may be admitted but are subject to the approval of the Board of Directors.	Upcoming Events: CMMA General Meeting February 23 Nanotechnology Workshop February 23 Duluth & St. Louis Days at the Capitol February 28-March 1 AMFA Spring Social March 5 TSMA General Meeting March 6 Legislative Reception at The Children’s Museum March 6 AMFA General Meeting March 14 MN Business Day at the Capitol March 14 SME Trade Show April 17-18 Tour of Manufacturing Fergus Falls/Wahpeton April 21 2011 MMA Directory ISEEK.org now has a portal for Manufacturers. Click here!
Midwest Manufacturers' Association 117 Central Avenue North Elbow Lake, MN 56531 800-654-5773 midwest@runestone.net