NEUMANN MANAGEMENT CO

876 S MEDEA WAY
DENVER, CO 80209

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 87% 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.

  • 6% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 99th percentile at 51.8% of the market.
Good

Business Stats

Policy History

Term Carrier Premium LCM
2023
PEO
-
2022

-
2021

-
2021

1.752
2021

2.257
2020

-
2020

1.095
2020

1.699
2019

-
2019

1.752
2018

-
2018

1.333
2017

-
2017

1.733
2016

-
2016

1.733
2015

-
2015

1.733
2014

-
2014

1.733
2013

-
2013

1.333
2012

-
2012

1.333

Contacts

49
(901) 003-8614
365

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(582) 961-1841
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owner
(996) 624-4245
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Benefits Admin
(110) 527-3874
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Principal
(923) 878-5901
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Benefits Admin
(367) 650-3281
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(252) 021-5517
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Controller
(297) 501-0451
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(523) 934-7180
nqjndph79@puaze.nnj

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(235) 407-5041
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Industry Classification

Retirement Benefits

Financials

202120202019
BOY Assets: $ 11,657,213 $ 10,515,375 $ 7,453,145
Liabilities: $ 0 $ 200,000,000 $ 818
EE Contrib: $ 256,824 $ 247,025 $ 537,333
Emp Contrib: $ 8,042 $ 43,407 $ 77,461
Income/Loss: $ 2,132,668 $ 6,127,399 $ 1,288,348
Total Income: $ 2,397,534 $ 3,521,519 $ 7,219,051
Paid Benefits: $ 1,156,810 $ 867,442 $ 489,999
Expenses: $ 0 $ 9 $ 3
  Commission: $ 2,004 $ 1,226 $ 22,231
Net Income: $ 1,238,720 $ 3,984,567 $ 116,193
Net Assets: $ 12,895,933 $ 2,837,233 $ 61,702,123

Participants

202120202019
Total Participants:437914
Active Part.:187871
Retired Part.:fa8f8
Deceased Part.:25f93

Insurance

No Insurance Coverage

Providers

No Providers

Features

    2A - Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).

    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.

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

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

    3B - Plan covering Self-Employed individuals.

    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.