H-D ADVANCED HOLDING CO

2418 GREENS RD
HOUSTON, TX 77032

Talking Points

For the Agent

These are points that might help guide an agent as they look to approach a prospect.

  • A break in policy terms may indicate inconsistent work load which can result in substandard employment.
  • Premium decrease and carrier tier change may indicate competitive situation and incumbent prevailed.
Needs Attention

Premium

Worker's Comp premium is based on two key factors - the LCM your carrier has filed to use, and the total payroll you run over the policy term, which is multiplied by the rate to determine premium. Comparing premium to businesses in the same industry and of similar size can indicate how fair your WC insurance provider's costs are relative to the market.

  • Premium is in-line with peers, in the 42nd percentile.
  • In the last year, premium Decreased by 15%. While peers Increased an average of 12%.
Average

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 32nd percentile compared to peers.
  • In the last year, LCM Decreased by 24%. While peers Increased an average of 3%.
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 75th percentile at 6.1% of the market.
Average

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.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2023

1.601
(Current: 1.780)
2023

1.674
2023

1.651
2023

-
2022

2.203
2022
01-01-2022

1.940
2022
01-01-2022

-
2022
01-01-2022

-
2021

2.203
2021

2.111
2021
12-31-2021

-
2020

-
2020

1.788
2019

-
2019

2.203
2019

1.280
2018

-
2017

-
2016

-
2015

-
2014

-
2014
01-01-2014

-
2013

-

Contacts

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Benefits Admin
(278) 013-9290
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Vice-President
(383) 700-9334
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Benefits Admin
(016) 709-5249
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(899) 580-3341
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Chief Executive Officer
(475) 918-1756
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Human Resources
(072) 702-3380
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Industry Classification

Retirement Benefits

Financials

20212020
BOY Assets: $ 21,930,495 $ 73,414,748
Liabilities: $ 0 $ 3
EE Contrib: $ 1,204,216 $ 6,862,500
Emp Contrib: $ 390,757 $ 999,353
Income/Loss: $ 1,008,171 $ 7,966,701
Total Income: $ 3,790,301 $ 6,717,614
Paid Benefits: $ 2,075,811 $ 6,764,931
Expenses: $ 0 $ 68
  Commission: $ 65,740 $ 17,065
Net Income: $ 1,630,403 $ 375,988
Net Assets: $ 23,560,898 $ 93,267,504

Participants

20212020
Total Participants:317311
Active Part.:269439
Retired Part.:24
Deceased Part.:47

Insurance

No Insurance Coverage

Providers

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Compensation:$33,078
Relation:ADVISOR
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Sub-transfer agency fees
Recordkeeping fees
Account maintenance fees
Compensation:$32,662
Relation:RECORDKEEPER
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Source: AS SPL SM CAP VAL IS - DST ASSET M
Sub-transfer agency fees
Compensation:0.15%

Features

    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.

    3F - Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.

    3H - Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

    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.

Health Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 0 $ 4 $ 8 $ 3 $ 979 $ 896 $ 606 $ 9 $ 67 $ 0
Liabilities: $ 0 $ 472 $ 30 $ 76 $ 0 $ 22 $ 2 $ 6
EE Contrib: $ 0 $ 19 $ 12 $ 55 $ 5 $ 915 $ 64 $ 4 $ 430 $ 2
Emp Contrib: $ 0 $ 243 $ 70 $ 81 $ 0 $ 1 $ 1 $ 1
Income/Loss: $ 0 $ 0 $ 7 $ 7 $ 7 $ 6
Total Income: $ 0 $ 6 $ 2 $ 2
Paid Benefits: $ 0 $ 48 $ 4 $ 0 $ 33 $ 820 $ 8 $ 45
Expenses: $ 0 $ 2 $ 3 $ 8 $ 161 $ 30 $ 3 $ 4 $ 8
  Commission: $ 0 $ 78 $ 679 $ 6 $ 1 $ 6 $ 7 $ 0 $ 6
Net Income: $ 0 $ 5 $ 3 $ 50 $ 7 $ 62 $ 1
Net Assets: $ 0 $ 4 $ 106 $ 5 $ 162

Participants

202120202019201820172016201520142013201220112010
Total Participants:272049861320255116380774763597008591
Active Part.:272901407223897048604763718625714502
Retired Part.: a59a5ca0aec7b8a0c6a 5
Deceased Part.:9f59feb1f9f0658ff68

Insurance

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Renewal:12-31-2021
Covered:394
  1. Health
  2. Prescription Drug

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 3,225,711
Commission3.04% $ 97,901
Fees0.08% $ 2,652
Brokers
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Renewal:12-31-2021
Covered:358
  1. Vision

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 20,109
Commission9.8% $ 1,971
Fees0% $ 0
Brokers
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Renewal:12-31-2021
Covered:168
  1. Dental

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 160,716
Commission10% $ 16,072
Fees0% $ 0
Brokers
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Renewal:12-31-2021
Covered:272
  1. Life Insurance
  2. Long Term Disab. Ins
  3. ACCIDENTAL DEATH AND DISMEMBERMENT

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 146,340
Commission7.11% $ 10,409
Fees5.65% $ 8,270
Brokers

Providers

No Providers

Features

    4A - Health (other than vision or dental).

    4B - Life insurance.

    4D - Dental.

    4E - Vision.

    4H - Long-term disability.

    4L - Death benefits (include travel accident but not life insurance).


OSHA