CUBESMART LP

5 OLD LANCASTER RD
MALVERN, PA 19355

Talking Points

Experience Mod Rating

Mod is an indication of how risky a company is to insure. It is based on a company's claim history.

  • Experience Mod is in-line with peers, in the 65th percentile.
  • There was a recent mod increase.
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 Very Good, in the 8th percentile compared to peers.
  • In the last year, LCM Decreased by 33%. While peers Increased an average of 0%.
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.

  • 15% of peers have changed carriers since last year.
  • Of those who changed carriers, 2.2% decreased their LCM vs those who stayed with their current provider who saw a 0.4% increase, a difference of roughly 6x.
  • Current Carrier's market share is in the 95th percentile at 12.1% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2023

1.676
2023

2.110
2023

1.310
2023

2.316
2023

-
2023

1.633
2023

0.960
2023

1.650
2023

-
2023

0.942
2023

-
2023

0.913
2023

1.015
2023

1.084
2023

1.300
2023

0.724
2023

0.926
2023

0.852
2023

0.852
2023

1.009
2023

1.015
2023

0.875
2023

1.000
2023

1.000
2023

1.000
2022

1.728
2022

2.140
2022

2.316
2022

1.310
2022

-
2022

1.633
2022

1.280
2022

1.650
2022

-
2022

0.926
2022

-
2022

0.913
2022

2.452
2022

1.300
2022

1.310
2022

1.235
2022

0.852
2022

1.139
2022

1.505
2022

0.874
2022

1.160
2022

1.000
2021

1.787
2021

2.110
2021

2.316
2021

1.314
2021

-
2021

1.633
2021

1.356
2021

1.650
2021

1.232
2021

-
2021

-
2021

1.353
2021

1.335
2021

1.260
2021

1.235
2021

0.994
2021

-
2021

1.025
2021

1.301
2021

1.505
2021

0.876
2021

1.160
2021

1.035
2020

-
2020

1.787
2020

2.316
2020

1.314
2020

-
2020

1.356
2020

1.650
2020

1.232
2020

-
2020

-
2020

1.314
2020

1.335
2020

1.260
2020

1.235
2020

-
2020

1.052
2020

1.301
2020

1.359
2020

0.876
2020

1.162
2020

1.433
2020

-
2019

-
2019

1.907
2019

-
2019

2.316
2019

1.314
2019

1.640
2019

-
2019

1.314
2019

-
2019

1.260
2019

1.235
2019

-
2019

1.052
2019

1.301
2019

1.359
2019

1.162
2019

1.433
2019

1.433
2018

-
2018

1.907
2018

-
2018

1.200
2018

1.640
2018

-
2018

1.314
2018

-
2018

-
2018

1.164
2018

-
2018

1.052
2018

1.359
2018

1.120
2018

2.255
2018

1.433
2017

1.907
2017

-
2017

-
2017

1.200
2017

-
2017

-
2017

1.110
2017

-
2017

1.052
2017

1.359
2017

1.013
2017

2.255
2017

1.433
2016

-
2016

-
2016

-
2016

1.000
2016

-
2016

1.110
2016

-
2016

1.052
2016

1.359
2016

1.013
2016

1.711
2016

1.433
2015

-
2015

-
2015

-
2015

1.000
2015

-
2015

1.110
2015

-
2015

1.359
2015

-
2015

-
2015

1.433
2014

-
2014

-
2014

-
2014

1.000
2014

-
2014

1.110
2014

-
2014

-
2013

-
2013

1.000
2013

-
2013

1.000
2013

1.110
2013

-
2013

-
2013
05-15-2013

-
2012
05-15-2012

-
2012
05-15-2012

-
2012
05-15-2012

-
2012
05-15-2012

-
2011

-
2011
05-15-2011

-
2010

-
2009

-

Contacts

bd1
(685) 422-5121
cdf2

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(199) 096-1828
cc2e3

Qllvrid Ohfmnma
Owner
(185) 830-6961
c4 72

Lepy Kkgbuh
Owner
(698) 734-6870
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(002) 026-0674
eda

Yihuan Nfont
Branch Manager
(175) 241-8440
eafc

Vihaz Sarvyzh
Manager
(685) 229-9137
5df

Ublogim Vsbak
Principal
(044) 643-5775
df722

e41
(422) 841-4913
ltplkqbx@vcupyinis.pxs

9b0
(123) 820-8791
8cd3c

Hcjqbs Iuhej
Branch Manager
(382) 017-2400
5723c

7 9
(594) 795-4575
538

0c4
(166) 756-2448
d532f

Tryovmhci jsp
(880) 207-7261
c44

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(111) 411-2598
lptuf@dcxnuklcwtbvtv.lrd

Kdkap Zghald
Owner
(114) 795-7617
kieeb@udsqrxcdafr.jhy

Xnsfc Ayzmxq
Domain Registrant
(763) 597-9678
aoucpyx@innnbk.yvb

Fhslf Nizh
President
(508) 798-6284
ldehn@ooiynvpbshf.lku

Pmxwqk Jbxehqw
Accountant
(344) 861-0532
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(240) 952-1669
59e

Igl Ldepxn
Manager
(141) 002-0637
5387

KYFJQM WAUCHU NOC
Benefits Admin
(042) 146-8420
2dc

30
(974) 564-9170
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30f
(224) 884-9902
747

a1d
(092) 581-7521
5d5

Rhvoyhm Etemlyxxfuppt
Chairman
(399) 183-7159
2fd

USIK XMCHAG
Benefits Admin
(004) 943-1991
e7f

JWGO COQXMH
Benefits Admin
(748) 970-5404
57ece

OSRTJKO K. OKTDRW
Benefits Admin
(554) 315-5046
384

FKNMNIE YCTXRL
Benefits Admin
(223) 357-3457
4ec

MIHC FBRYJU
Benefits Admin
(235) 987-9967
53 5e

Otyzx Qbrg
Vice President, Investments
(883) 676-4600
hhews@cuqwuuogr.gxp

HEXZTNF V FLHZVX
Benefits Admin
(677) 027-2012
2ce7e

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(841) 304-4576
d937b

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(824) 781-1235
afe7e

Kmiwxu Pamiqdc
Branch Manager
(482) 573-3391
5de

Qdjjp Rhujnxvi
President
(359) 024-0046
f3cc

010
(847) 444-3165
78e5

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(778) 487-1862
ajxil0260@pgpienral.fpz

f9
(111) 644-1204
dcb4

8
(343) 660-4540
a2c9

12
(168) 993-3060
f375

Jmqwq S'bnqmy
Branch Manager
(842) 617-5573
ikln@qdmcoqrzt.qim

d1a
(155) 902-1659
ebc3

Ykkec F Fqlmyksv
Principal
(807) 720-4049
umqzyvdiprqvu@hwtqqmk.itq

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(133) 053-7098
iyjdeibr@zbzawusnd.jmw

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2cd
jtle.cokwhqdwrsoa@cwcjl.evt

Ljwx Ffnjtwy
Branch Manager
(581) 934-9780
2d75b

Bmz Bfpmjpctumr Vbymhpd
Registered Agent
27
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Gok Qvpaamzi
Chief Executive Officer
(666) 308-0015
zzpdtapfn@ayarzjp.vb.fx

Amhuxyv Mrqen
Principal
(256) 910-1156
7d3

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 36,813,146 $ 20,378,916 $ 87,784,045 $ 13,579,454 $ 70,542,303 $ 66,904,517 $ 95,053,321 $ 85,774,988 $ 7,885,975 $ 5,063,403 $ 1,769,903 $ 6,795,143
Liabilities: $ 0 $ 2 $ 0 $ 248 $ 800 $ 63
EE Contrib: $ 5,092,236 $ 3,455,140 $ 1,167,055 $ 362,563 $ 5,278,224 $ 1,217,482 $ 4,617,608 $ 983,940 $ 2,365,301 $ 4,627,520 $ 3,258,431 $ 1,322,431
Emp Contrib: $ 1,679,429 $ 3,597,839 $ 5,584,645 $ 5,415,836 $ 153,588 $ 127,676 $ 998,474 $ 485,913 $ 637,437 $ 603,872 $ 587,375 $ 729,545
Income/Loss: $ 5,359,447 $ 7,749,844 $ 2,970,470($ 6,228,634) $ 6,638,767 $ 955,202($ 737,405) $ 480,647 $ 5,717,811 $ 16,411($ 644,680) $ 955,969
Total Income: $ 13,312,965 $ 86,881,734 $ 91,102,101 $ 5,506,961 $ 7,073,258 $ 6,911,962 $ 4,901,186 $ 7,191,410 $ 1,805,665 $ 9,250,709 $ 578,961 $ 8,902,560
Paid Benefits: $ 4,231,056 $ 1,447,273 $ 1,654,347 $ 627,656 $ 8,953,901 $ 9,951,264 $ 7,674,360 $ 2,232,603 $ 2,670,357 $ 860,896 $ 485,957 $ 228,638
Expenses: $ 0 $ 6 $ 0 $ 7 $ 27 $ 5 $ 767 $ 3 $ 2 $ 0
  Commission: $ 306,356 $ 55,500 $ 380,878 $ 476,143 $ 81,190 $ 412,032 $ 922,309 $ 325,880 $ 67,492 $ 34,296 $ 38,557 $ 56,220
Net Income: $ 8,775,553 $ 5,901,841 $ 5,647,454 $ 630,355 $ 6,790,253 $ 8,317,443 $ 2,366,236 $ 9,863,483 $ 6,623,701 $ 1,475,624 $ 297,217 $ 2,364,426
Net Assets: $ 45,588,699 $ 55,530,316 $ 72,192,422 $ 30,619,139 $ 24,568,869 $ 81,826,709 $ 99,301,243 $ 81,118,392 $ 1,228,594 $ 6,963,346 $ 2,914,712 $ 5,650,634

Participants

202120202019201820172016201520142013201220112010
Total Participants:328510423768272675136818056610955763379954613691
Active Part.:236331778184485130884587321412344430534494235015
Retired Part.:1f40f9512534f
Deceased Part.:3455f38582806d1839

Insurance

No Insurance Coverage

Providers

SSGNR ENHFK

PO BOX 8480
BOSTON, MA 02266
GLPINERL NYPPH

PO BOX 6007
INDIANAPOLIS, IN 46206
IKYWPJGJ ERQCRZMUH

720 SW WASHINGTON STREET SUITE 650
PORTLAND, OR 97205
LIKQKTEQVMU KMTK HZIUYRBB

6300 BEE CAVE ROAD BUILDING ONE
AUSTIN, TX 78746
ANINW PVSTY

PO BOX 55932
BOSTON, MA 02205
AN ONTWJZ

270 PARK AVENUE
NEW YORK, NY 10017
KOY UNDFHQTVCRQY UXI

PO BOX 55824
BOSTON, MA 02205
GOEPKVSV NVUAHIADI CPAP

100 VANGUARD BLVD
MALVERN, PA 19355
C DBBR GYMFW ZQO KCP
100 EAST PRATT STREET
BALTIMORE, MD 21202
Recordkeeping and information management (computing, tabulating, data processing, etc.)
Trustee (bank, trust company or similar financial institution)
Trustee (directed)
Investment management
Participant communication
Other services
Direct payment from the plan
Investment management fees paid indirectly by plan
Shareholder servicing fees
Float revenue
Recordkeeping fees
Account maintenance fees
Compensation:$271,356
Relation:NONE
BXHDNZE BWSK
1900 FIFTH AVENUE NORTH
BIRMINGHAM, AL 35203
Consulting (general)
Direct payment from the plan
Compensation:$35,000
Relation:NONE
E DYNI FFAQB CJJ QPK
Source: ALGER CAPITAL APPREC INST I
Recordkeeping and information management (computing, tabulating, data processing, etc.)
Trustee (bank, trust company or similar financial institution)
Trustee (directed)
Investment management
Participant communication
Other services
Direct payment from the plan
Investment management fees paid indirectly by plan
Shareholder servicing fees
Float revenue
Recordkeeping fees
Account maintenance fees
Compensation:FEE FOR SHAREHOLDER SERVICING BASED UPON 0.5%
A JWHS RNDGL VEF OQN
Source: COLUMBIA TOTAL RET BD INSTL 2
Recordkeeping and information management (computing, tabulating, data processing, etc.)
Trustee (bank, trust company or similar financial institution)
Trustee (directed)
Investment management
Participant communication
Other services
Direct payment from the plan
Investment management fees paid indirectly by plan
Shareholder servicing fees
Float revenue
Recordkeeping fees
Account maintenance fees
Compensation:FEE FOR SHAREHOLDER SERVICING BASED UPON 0.1%
K OARH CCWQQ DEV ZUI
Source: JP MORGAN MID CAP VALUE L
Recordkeeping and information management (computing, tabulating, data processing, etc.)
Trustee (bank, trust company or similar financial institution)
Trustee (directed)
Investment management
Participant communication
Other services
Direct payment from the plan
Investment management fees paid indirectly by plan
Shareholder servicing fees
Float revenue
Recordkeeping fees
Account maintenance fees
Compensation:FEE FOR SHAREHOLDER SERVICING BASED UPON 0.1%

Features

    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.

    2R - Participant-directed brokerage accounts provided as an investment option under the plan.

    2S - Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.

    2T - Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

Health Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 0 $ 7 $ 75 $ 743 $ 8 $ 844 $ 0 $ 3
Liabilities: $ 0 $ 678 $ 9 $ 2 $ 9 $ 93 $ 794 $ 2 $ 796
EE Contrib: $ 0 $ 4 $ 9 $ 66 $ 2 $ 9 $ 6 $ 9 $ 7
Emp Contrib: $ 0 $ 74 $ 0 $ 79 $ 70 $ 3 $ 7 $ 1
Income/Loss: $ 0 $ 770 $ 9 $ 0
Total Income: $ 0 $ 8 $ 0 $ 8 $ 76 $ 794
Paid Benefits: $ 0 $ 846 $ 1 $ 7 $ 6 $ 7 $ 6 $ 6
Expenses: $ 0 $ 9 $ 71 $ 6 $ 267 $ 509
  Commission: $ 0 $ 4 $ 62 $ 6 $ 0 $ 4
Net Income: $ 0 $ 3 $ 4 $ 5 $ 5 $ 5 $ 40 $ 3 $ 500 $ 5 $ 206
Net Assets: $ 0 $ 0 $ 7 $ 6 $ 4 $ 8 $ 8

Participants

202120202019201820172016201520142013201220112010
Total Participants:260135034363838130149551464340922296379591813568
Active Part.:260135859230922528136327352934130596826598158820
Retired Part.:83408fdfc3883816fb 24
Deceased Part.:60 f94e4d 0e6990

Insurance

NRCXDJPWIFOUCIPW OUKROITBP TFUIGLS
Renewal:12-31-2021
Covered:1617
  1. Vision

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 189,665
Commission10% $ 18,967
Fees0% $ 0
Brokers
UGGID KEGFGL UBP ZBBB EHGEVBDRI DNPSQMFOH YKR AOVHKSCAAO
Renewal:12-31-2021
Covered:1729
  1. Health
  2. Dental
  3. Prescription Drug
  4. Indemnity Contract

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 19,327,988
Commission0.22% $ 42,002
Fees1.89% $ 364,913
Brokers
WLKOLSHIX KCUSQRKPZI CTVENW, JXT.
Renewal:12-31-2021
Covered:6500
  1. EMPLOYEE ASSISTANCE PROGRAM

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 48,437
Commission0% $ 0
Fees0% $ 0
JLYQPTNWXL LIYVYJPGT URSBBOT WV LRBDCGI
Renewal:12-31-2021
Covered:2601
  1. Life Insurance
  2. Temp. Disability Insurance
  3. Long Term Disab. Ins
  4. ACCIDENTAL DEATH AND DISMEMBERMENT

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 1,358,451
Commission8.64% $ 117,416
Fees0% $ 0
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.

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

    4Q - Other.