ACS TECHNOLOGIES INC

180 DUNBARTON DR
FLORENCE, SC 29501

Talking Points

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 in-line with peers, in the 45th percentile.
  • In the last year, LCM Decreased by 0%. While peers Increased an average of 3%.
Average

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.

  • 10% of peers have changed carriers since last year.
  • Of those who changed carriers, 16.7% decreased their LCM vs those who stayed with their current provider who saw a 4.6% increase, a difference of roughly 4x.
  • Current Carrier's market share is in the 95th percentile at 17.9% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2023

-
2023

1.451
2023

1.544
2023

1.407
2023

1.627
2023

1.312
2023

1.370
2022

2.880
2022

0.849
2022

-
2022

1.600
2022

1.302
2022

1.292
2022

-
2022

2.325
2022

1.691
2022

1.450
2022

1.544
2022

1.627
2022

1.313
2022

1.660
2022

1.600
2022
11-05-2022

-
2021

1.390
2021

1.192
2021

1.695
2021

2.380
2021

-
2021

2.081
2021

-
2021

-
2021

-
2021

1.691
2021

1.390
2021

0.926
2021

1.627
2021

1.458
2021

1.000
2021

1.479
2020

1.192
2020

1.390
2020

-
2020

-
2020

-
2020

-
2020

0.926
2020

1.458
2020

0.996
2020

1.433
2020
11-05-2020

-
2019

1.177
2019

2.011
2019

2.011
2019

-
2019

-
2019

-
2019

-
2019

1.950
2019

-
2019

-
2019

1.902
2019

1.902
2019

1.280
2019

1.494
2019

-
2019
11-05-2018

-
2019
11-05-2018

1.950
2019
11-05-2019

-
2018

-
2018

-
2018

2.590
2018

1.450
2018

-
2018

1.355
2018

1.658
2018

1.450
2018

-
2018
11-05-2017

-
2018
11-05-2017

-
2018
11-05-2017

1.779
2017

-
2017

-
2017

1.779
2017

-
2017

1.392
2017

-
2017

1.374
2017

1.320
2017

1.450
2017

1.539
2017

1.610
2017
11-05-2016

1.950
2017
11-05-2016

-
2017
11-05-2016

-
2016

-
2016

-
2016

-
2016

-
2016

1.320
2016

2.247
2016

-
2016
11-05-2016

-
2015

-
2015

-
2015

-
2015

-
2015

-
2015

-
2015

2.247
2015

-
2014

-
2014

-
2014

-
2014

-
2014

-
2013

-
2013

-
2012

-
2012

-

Contacts

Uwbg Kdmhmz
Domain Registrant
(280) 167-6834
vjnrcse@qlgjuqudk.djw

b6
(704) 380-4182
8617

0c3
(971) 296-8758
6e2

YPBFLX YOXSSMHE
Benefits Admin
(853) 989-8146
342

OJAW ZEOMLSJJ
Benefits Admin
(472) 438-7711
226f

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President & Chief Executive Offi
(449) 066-7773
hequszoexb@nkulbrpzkxsbnyt.fdb

58
(341) 453-1337
4ea80

Industry Classification

Retirement Benefits

Financials

20202019201820172016201520142013201220112010
BOY Assets: $ 36,381,412 $ 38,034,878 $ 81,962,167 $ 5,214,832 $ 88,310,081 $ 95,026,199 $ 97,852,833 $ 21,480,841 $ 1,451,704 $ 5,117,483 $ 9,029,699
Liabilities: $ 0 $ 871 $ 95 $ 4 $ 4 $ 0 $ 42 $ 8,987 $ 1,461 $ 1,124
EE Contrib: $ 2,002,519 $ 2,796,763 $ 7,870,456 $ 4,534,369 $ 4,534,567 $ 9,642,360 $ 4,017,002 $ 2,044,043 $ 902,275 $ 12,106 $ 847,314
Emp Contrib: $ 1,495,749 $ 1,416,352 $ 8,488,862 $ 6,203,157 $ 6,444,185 $ 5,514,283 $ 205,996 $ 583,083 $ 816,927 $ 788,040 $ 311,003
Income/Loss: $ 4,819,789 $ 6,086,633($ 6,916,256) $ 1,168,203 $ 808,710($ 306,115) $ 932,196 $ 825,549 $ 1,403,151($ 882,765) $ 832,899
Total Income: $ 9,234,574 $ 5,912,180 $ 5,211,159 $ 8,561,811 $ 3,685,073 $ 2,523,624 $ 5,545,454 $ 5,716,285 $ 5,725,748 $ 5,833,838 $ 7,218,551
Paid Benefits: $ 1,668,703 $ 8,756,741 $ 7,632,345 $ 7,869,191 $ 125,348 $ 168,377 $ 413,758 $ 461,917 $ 241,185 $ 640,145 $ 933,849
Expenses: $ 0 $ 9 $ 0 $ 7 $ 9 $ 9 $ 0 $ 2
  Commission: $ 56,066 $ 29,811 $ 72,739 $ 729 $ 2,090 $ 3,531 $ 5,501 $ 9,265 $ 5,291 $ 7,338 $ 9,686
Net Income: $ 7,509,805 $ 2,213,260($ 5,520,107) $ 6,795,783 $ 8,807,113 $ 152,026 $ 5,745,520 $ 7,199,573 $ 7,456,864 $ 4,112,024 $ 9,425,011
Net Assets: $ 43,891,217 $ 496,592 $ 61,148,865 $ 52,405,958 $ 68,089,004 $ 16,977,390 $ 59,178,475 $ 89,996,778 $ 25,949,599 $ 95,909,019 $ 7,032,004

Participants

20202019201820172016201520142013201220112010
Total Participants:446374869786194561285388181379103
Active Part.:384524033013229876931217443579788
Retired Part.:3586558762bc289 1
Deceased Part.:ba10695d8f511511e5d6 5

Insurance

No Insurance Coverage

Providers

IPA DAPLUJTN IABVP, LZA.
MAK SEHRELDW NXRHS, VJB.Recordkeeping and information management (computing, tabulating, data processing, etc.)
Consulting (general)
Trustee (directed)
Investment advisory (participants)
Participant loan processing
Participant communication
Investment management fees paid indirectly by plan
Other (specify)
Compensation:$57,366
Relation:NONE
KMY OACADZXP LWNKU, NIC.
Source: DODGE & COX
Other (specify)
Compensation:10 BPS

Features

    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.

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

Health Benefits

Financials

2021202020192018201720162015201420132012201120102009
BOY Assets: $ 0 $ 5 $ 17 $ 3 $ 747 $ 899 $ 37 $ 2 $ 3 $ 1
Liabilities: $ 0 $ 0 $ 52 $ 1 $ 4 $ 4 $ 100,000 $ 84
EE Contrib: $ 0 $ 400,000,000 $ 874 $ 314 $ 204
Emp Contrib: $ 0 $ 828 $ 55 $ 852
Income/Loss: $ 0 $ 7 $ 1 $ 1 $ 10 $ 828 $ 40 $ 145 $ 479 $ 8,000,000 $ 9
Total Income: $ 0 $ 9 $ 99 $ 519 $ 599 $ 1 $ 859 $ 67 $ 9
Paid Benefits: $ 0 $ 24 $ 3 $ 3 $ 4 $ 63 $ 467 $ 2 $ 9
Expenses: $ 0 $ 2 $ 7 $ 0 $ 52 $ 50 $ 652
  Commission: $ 0 $ 82 $ 37 $ 528 $ 1 $ 12 $ 74 $ 98 $ 50 $ 5
Net Income: $ 0 $ 4 $ 8 $ 1 $ 43
Net Assets: $ 0 $ 91 $ 1 $2,000,000,000 $ 7 $ 294 $ 9

Participants

2021202020192018201720162015201420132012201120102009
Total Participants:366541385554856449899832326197370760458
Active Part.:363114063623504483206811070200882673017
Retired Part.:3481e5837088055279
Deceased Part.:9a b1581fd5a91fff6d16cdd

Insurance

SHQD MFIFO BLBT KJHKYB CS OFQKI BOBRPMEL
Renewal:12-31-2021
Covered:367
  1. Health
  2. Prescription Drug

Retention: $ 509,130
Claims: $ 3,949,525
Loss Ratio:0.89
Exp Rated Premium $ 4,458,655
Non-Exp Rated Premium: $ 0
Commission0% $ 0
Fees0% $ 0
KUKK QZGWI ESLX CWMFKU ZY EDWPT CTDTBPQS
Renewal:12-31-2021
Covered:369
  1. Dental

Retention: $ 9,982
Claims: $ 235,066
Loss Ratio:0.96
Exp Rated Premium $ 245,048
Non-Exp Rated Premium: $ 0
Commission0% $ 0
Fees0% $ 0
UFFZ OGXWE UBVS BLASRB SF DKVGB ZCCWPEDN
Renewal:12-31-2021
Covered:367
  1. Vision

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 30,537
Commission0% $ 0
Fees0% $ 0
MSFFJWDHXI KRSDNYWMF OQUEGTW UD SDLNUIV
Renewal:12-31-2021
Covered:380
  1. Life Insurance
  2. Temp. Disability Insurance
  3. Long Term Disab. Ins
  4. AD&D, HOSPITAL INDEMNITY

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 279,089
Commission20.16% $ 56,269
Fees0.03% $ 76
Brokers

Providers

No Providers

Features

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

    4B - Life insurance.

    4D - Dental.

    4E - Vision.

    4F - Temporary disability (accident and sickness).

    4H - Long-term disability.

    4Q - Other.