IAM ACQUISITION LLC

240 NORTHPOINT PKWY
ACWORTH, GA 30102

Talking Points

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 Higher than 95% of peers.
  • In the last year, premium Increased by more than 75% of peers.
Needs Attention

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 Higher than 99% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
  • LCM Increased by more than 75% of peers.
Needs Attention

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.

  • 15% of peers have changed carriers since last year. Those who did, saw a 15.2% decrease in premium vs those who stayed with their current provider had a 7% increase, roughly 2x those who stayed with their current provider.
  • Of those who changed carriers, 1.3% increased their LCM vs those who stayed with their current provider who saw a 21.6% increase.
  • Current Carrier's market share is in the 99th percentile at 14.1% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2023

3.853
2023

2.660
2023

-
2023

2.625
2023

-
2023

-
2023

2.200
2023

2.490
2023

2.490
2023
06-01-2022

3.853
2023
06-01-2022

2.660
2023
06-01-2022

-
2023
06-01-2022

-
2023
06-01-2022

-
2022

1.092
2022

2.421
2022

-
2022

1.390
2022

-
2022

2.164
2022

2.490
2021

2.660
2021

3.476
2021

-
2021

2.625
2021

-
2021

-
2021

2.074
2021

2.490
2020

-
2020

2.582
2020

-
2020

1.235
2020

-
2020

1.952
2020

2.490
2020

-
2020
06-01-2020

-
2019

-
2019

2.753
2019

-
2019

0.849
2019

-
2019

-
2019

1.952
2019

1.992
2018

-
2018

2.753
2018

-
2018

-
2018

-
2018

-
2018

1.600
2018

0.934
2017

-
2017

1.650
2017

-
2017

-
2017

-
2016

-
2016

-
2016

-
2016

-
2016

1.400
2015

-
2015

-
2015

-
2015

-
2015

-
2014

-
2014

-
2014

-
2013

-
2012

-
2012

-

Contacts

WZNYXDXV VLISKV
Benefits Admin
(033) 530-6790
9759

MLBETLW VJDPMW
Benefits Admin
(510) 096-0916
0825

BYKRQRLU
Benefits Admin
(250) 887-3630
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(423) 177-1883
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(409) 611-1838
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(872) 155-4128
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Benefits Admin
(184) 079-2038
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President
(758) 218-7371
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(077) 243-5017
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TJMV UMJZRXB
Benefits Admin
(512) 054-3021
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(359) 601-3527
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Vice President Marketing
(842) 469-2178
115

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(244) 786-3299
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Branch Manager
(150) 790-1362
961

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Benefits Admin
(413) 831-0857
503

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Principal
(553) 501-1307
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Principal
(220) 305-8619
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Principal
(335) 217-3731
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QDWQ LYHINRP
CEO
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Benefits Admin
(195) 334-9387
939

OTI MQRZHYR
Benefits Admin
(668) 276-4039
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BMGP ZUQHRC
Benefits Admin
(617) 687-2616
e196

Industry Classification

Retirement Benefits

Financials

20212020201920182017201620152014201320122011
BOY Assets: $ 1,227,716 $ 5,002,650 $ 418,657 $ 852,280 $ 214,479 $ 631,999 $ 68,036 $ 797,331 $ 612,537 $ 5,341,574 $ 8,073,431
Liabilities: $ 0 $ 5,870 $ 6,871 $ 24 $ 9 $ 5 $ 0 $ 1 $ 9
EE Contrib: $ 312,168 $ 849,941 $ 314,875 $ 551,878 $ 307,119 $ 58,942 $ 613,598 $ 451,594 $ 42,725 $ 18,341 $ 916,427
Emp Contrib: $ 50,307 $ 49,381 $ 73,485 $ 88,050 $ 97,169 $ 69,237 $ 1 $ 66,821 $ 87,686 $ 72,302 $ 83,088
Income/Loss: $ 152,972 $ 115,657 $ 545,789($ 888,495) $ 68,527 $ 28,373($ 59,739) $ 24,818 $ 36,317 $ 379,613($ 95,416)
Total Income: $ 522,242 $ 45,120 $ 823,051 $ 15,741 $ 384,577 $ 77,930 $ 67,931 $ 805,953 $ 292,659 $ 312,669 $ 9,790
Paid Benefits: $ 54,617 $ 914,843 $ 47,980 $ 1,552 $ 504,965 $ 8,831 $ 26,777 $ 3,230 $ 960,560 $ 647,161 $ 596,400
Expenses: $ 0 $ 1 $ 9 $ 4 $ 6 $ 6 $ 0
  Commission: $ 7,222 $ 9,380 $ 4,348 $ 5,639 $ 455 $ 3,405 $ 1,996 $ 8,312 $ 1,285 $ 6,246 $ 6,924
Net Income: $ 460,403($ 23,545) $ 14,538 $ 63,952($ 19,691) $ 759,859 $ 6,356 $ 664,419($ 63,567)($ 82,880)($ 4,403)
Net Assets: $ 1,688,119 $ 1,745,994 $ 4,883,234 $ 767,783 $ 14,234 $ 125,292 $ 237,544 $ 986,310 $ 15,741 $ 862,156 $ 657,797

Participants

20212020201920182017201620152014201320122011
Total Participants:159384356879238432252108020789
Active Part.:132566178171104877087cf59d0
Retired Part.:1100641098bdee0df7fda1
Deceased Part.:835d211bd7bffb 31d1d

Insurance

MUWEK-OTYI EDLL & MEULZAN FPSZUDQWO WGFIQUG
Renewal:12-31-2021
Covered:19
PENSION_EOY_SEP_ACCT_AMT: 0PENSION_PREM_PAID_TOT_AMT: 0

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 0
Commission $ 127
Fees $ 0
Brokers

Providers

DZUUE-EIBS IFYL & IALWXFU KWGDGVUPV
8515 EAST ORCHARD ROAD
GREENWOOD VILLAGE, CO 80111
Recordkeeping fees
Compensation:$4,214
Relation:RECORDKEEPER
DLUSYKEW FLJPICCO TLW ZJP
FUTUREPLAN BY ASCENSUS 101 W BROADWAY STE 1420
SAN DIEGO, CA 92101
Contract Administrator
Compensation:$2,869
Relation:CONTRACT ADMIN
NFZWDLP JBVLRU QNELF, ITM
8515 EAST ORCHARD ROAD
GREENWOOD VILLAGE, CO 80111
Investment management
Compensation:$1,357
Relation:INVESTMENT MGMT
LHMUIMCO MPEXSLV PWE
309 E PACES FERRY RD STE 1000
ATLANTA, GA 30305
Other commissions
Compensation:$5,251
Relation:BROKER/ADVISER
QDWSUVTE YWHOHEL TFN
Source: GREAT-WEST LIFE & ANNUITY INS CO
Other commissions
Compensation:OTHER COMMISSIONS
TBPCSITJ HEOCZOOL FRN FFD
Source: GREAT-WEST LIFE & ANNUITY INSURANCE
Contract Administrator
Compensation:TPA ALLOWANCE PAYMENT

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.

    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

20212020
BOY Assets: $ 0 $ 456
Liabilities: $ 0
EE Contrib: $ 0 $ 28
Emp Contrib: $ 0 $ 6
Income/Loss: $ 0
Total Income: $ 0 $ 9
Paid Benefits: $ 0 $ 80
Expenses: $ 0 $ 4
  Commission: $ 0 $ 5
Net Income: $ 0 $ 52
Net Assets: $ 0 $ 0

Participants

20212020
Total Participants:107833
Active Part.:107714
Retired Part.:d
Deceased Part.:b

Insurance

ESYG OSFIS VBFZ DXEUHW SMSQHLYWRQ HAFV ZL DFVYJRR VOA
Renewal:03-31-2021
Covered:37
  1. Health
  2. Indemnity Contract

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 313,493
Commission0% $ 0
Fees0% $ 0
MQSS BOHDR AXOQ UNDSUL ZHPVVICWCD HOTH BB BGFWMEN ASA
Renewal:03-31-2021
Covered:70
  1. Health
  2. PPO Contract

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 418,713
Commission6.08% $ 25,476
Fees0% $ 0
Brokers
VJBHKHWM ZOVQGYCI DIQV LQGBRHXCN DTCXYMM
Renewal:03-31-2021
Covered:107
  1. Life Insurance
  2. ACCIDENTAL DEATH AND DISMEMBERMENT

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 15,816
Commission20% $ 3,163
Fees0.75% $ 118
Brokers
HJFORVIK KLDXABFE FLJR SISHWKEWX ZTMEUIZ
Renewal:03-31-2021
Covered:106
  1. Long Term Disab. Ins

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 17,732
Commission20% $ 3,547
Fees0.66% $ 117
Brokers
MIBMOBQP YYQWCCZY YYXL ZQPEDQZGK YLZHDXY
Renewal:03-31-2021
Covered:50
  1. Life Insurance
  2. VOLUNTARY GROUP TERM LIFE

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 10,381
Commission20% $ 2,076
Fees0.66% $ 68
Brokers
MVWQQHNI JQRZTKJH XGFB TZFFGPLWH JKYUOJZ
Renewal:03-31-2021
Covered:96
  1. WEEKLY INCOME

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 23,690
Commission20% $ 4,738
Fees0.75% $ 177
Brokers

Providers

No Providers

Features

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

    4B - Life insurance.

    4F - Temporary disability (accident and sickness).

    4H - Long-term disability.

    4Q - Other.

Motor Carrier