POOLE CHEMICAL CO INC

3300 DANVERS DR
AMARILLO, TX 79106

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 in-line with peers, in the 72nd percentile.
  • In the last year, premium Decreased by 90%. While peers Increased an average of 6%.
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 Higher than 65% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
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.

  • 18% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 95th percentile at 60.7% of the market.
Good

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

1.693
2023

1.693
2023

1.380
2023

-
2022

1.693
2022

1.693
2022

1.380
2022

-
2021

1.693
2021

1.693
2021

1.380
2021

-
2020

1.693
2020

1.693
2020

1.380
2020

-
2019

-
2019

1.693
2019

-
2019

1.380
2018

-
2018

-
2018

-
2018

1.380
2017

-
2017

-
2017
01-01-2017

-
2016

-
2016

-
2016
01-01-2016

-
2015

-
2015

-
2015
01-01-2015

-
2014
01-01-2014

-
2013

-
2012

-

Contacts

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(169) 957-3396
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Owner
(941) 011-8042
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General Manager
(204) 263-1933
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(414) 727-0031
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(976) 515-3401
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Owner
(562) 248-7804
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Manufacturing Executive
(213) 971-3398
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Benefits Admin
(339) 069-8490
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Benefits Admin
(104) 575-3481
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GM
(252) 156-7276
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Director, Corporate Advisory Ser
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Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 2,736,514 $ 212,764 $ 4,755,002 $ 9,377,352 $ 2,522,190 $ 3,692,426 $ 3,567,906 $ 7,892,639 $ 358,767 $ 149,074 $ 479,920 $ 55,774
Liabilities: $ 0 $ 4 $ 269 $ 94 $ 634 $ 513 $ 7 $ 244 $ 5 $ 26
EE Contrib: $ 188,493 $ 24,711 $ 659,297 $ 653,606 $ 818,931 $ 789,930 $ 920,687 $ 298,260 $ 214,320 $ 771,104 $ 417,841 $ 152,986
Emp Contrib: $ 44,400 $ 479 $ 29 $ 3 $ 48 $ 9
Income/Loss: $ 323,530 $ 907,237 $ 296,534($ 863,515) $ 160,082 $ 74,524($ 92,700) $ 7,557 $ 758,025 $ 18,910($ 39,435) $ 70,272
Total Income: $ 558,983 $ 532,180 $ 103,888 $ 4,981 $ 618,025 $ 492,055 $ 100,107 $ 512,228 $ 421,073 $ 112,134 $ 693,545 $ 2,726
Paid Benefits: $ 626,409 $ 39,136 $ 67,098 $ 38,167 $ 2,276 $ 75,445 $ 4,052 $ 46,021 $ 16,042 $ 69,341 $ 29,205 $ 68,800
Expenses: $ 0 $ 70,579 $ 60 $ 8,485 $ 0 $ 6 $ 314 $ 527 $ 665 $ 906 $ 6
  Commission: $ 24,777 $ 6 $ 532 $ 836 $ 1,168 $ 6,298 $ 96,530 $ 2,474 $ 8,436 $ 5,103 $ 5,792 $ 9,588
Net Income:($ 92,731) $ 776,689 $ 124,493($ 16,432) $ 513,258 $ 78,555 $ 330,464 $ 31,810 $ 37,465 $ 683,557 $ 34,814 $ 831,670
Net Assets: $ 2,643,783 $ 2,436,891 $ 7,349,657 $ 1,811,162 $ 8,131,420 $ 1,257,714 $ 8,631,873 $ 6,442,404 $ 6,174,719 $ 619,823 $ 866,442 $ 37,188

Participants

202120202019201820172016201520142013201220112010
Total Participants:9707480345169903852380604597547119
Active Part.:93047120189669220133663109e5
Retired Part.:9fc4d 91cf cfac154f a7cc
Deceased Part.:207216bdef98896a0127

Insurance

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Renewal:12-31-2021
Covered:57
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 $ 0
Fees $ 1,249
Brokers

Providers

UCLSUNK XBHIB & RYLOFSCEEQTrustee (individual)
Compensation:$22,537
Relation:INVESTMENT ADVISORY
YPSSODAJK KZGU & AXNHVCH CPB CD.Recordkeeping and information management (computing, tabulating, data processing, etc.)
Insurance services
Participant loan processing
Participant communication
Sales loads (front end and deferred)
Other commissions
Shareholder servicing fees
Sub-transfer agency fees
Float revenue
Distribution (12b-1) fees
Recordkeeping fees
Account maintenance fees
Insurance mortality and expense charge
Other (specify)
Direct payment from the plan
Compensation:$12,654
Relation:RECORDKEEPER
YEMBSE VQHDXNYVMTCWBG, FQHContract Administrator
Compensation:$2,157
Relation:TPA
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Source: GREAT-WEST LIFE & ANNUITY INS CO.
Contract Administrator
Compensation:SALES COMMISSIONS
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Source: GREAT WEST LIFE & ANNUITY INS CO.
Recordkeeping and information management (computing, tabulating, data processing, etc.)
Insurance services
Participant loan processing
Participant communication
Sales loads (front end and deferred)
Other commissions
Shareholder servicing fees
Sub-transfer agency fees
Float revenue
Distribution (12b-1) fees
Recordkeeping fees
Account maintenance fees
Insurance mortality and expense charge
Other (specify)
Direct payment from the plan
Compensation:BASIS POINTS * PLAN ASSETS

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

    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.

    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.

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

    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

20212020201920182017201620152014201320122011201020082007
BOY Assets: $ 0 $ 3 $ 6 $ 7 $ 72 $ 5 $ 7 $ 87 $ 37 $ 915 $ 1 $ 8
Liabilities: $ 0 $ 9 $ 0 $ 6 $ 4 $ 44 $ 6 $ 459 $ 5 $ 13
EE Contrib: $ 0 $ 82 $ 53 $ 5 $ 2 $ 1 $ 2
Emp Contrib: $ 0 $ 55 $ 967 $ 3 $ 7 $ 28 $ 8 $ 26 $ 4 $ 724
Income/Loss: $ 0 $ 536 $ 882 $ 2 $ 5 $ 5
Total Income: $ 0 $ 8 $ 7 $ 770 $ 79 $ 8 $ 547
Paid Benefits: $ 0 $ 0 $ 155 $ 5 $ 436 $ 3 $ 3 $ 3 $ 3 $ 51
Expenses: $ 0 $ 3 $ 0 $ 3 $ 5 $ 530 $ 3 $ 3 $ 9 $ 3
  Commission: $ 0 $ 8 $ 15 $ 83 $ 861 $ 0 $ 3 $ 5 $ 39 $ 1
Net Income: $ 0 $ 7 $ 86 $ 75 $ 6 $ 5 $ 2 $ 18 $ 12 $ 8
Net Assets: $ 0 $ 1 $ 61 $ 8 $ 36 $ 1 $ 10 $ 4 $ 43 $ 911

Participants

20212020201920182017201620152014201320122011201020082007
Total Participants:135175367507620660469741320231992737976147
Active Part.:135233593087780072992456974543658273369607
Retired Part.:9d9c9c14f290ffc0f5dab
Deceased Part.:a2863e1d0c08659c310db111cd

Insurance

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Renewal:03-31-2021
Covered:135
  1. Dental
  2. Vision
  3. Life Insurance
  4. Long Term Disab. Ins
  5. PPO Contract
  6. Indemnity Contract
  7. ACCIDENTAL DEATH & DISMEMBERMENT

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 150,910
Commission1.13% $ 1,708
Fees0% $ 0
Brokers

Providers

No Providers

Features

    4B - Life insurance.

    4D - Dental.

    4E - Vision.

    4H - Long-term disability.

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


OSHA

Motor Carrier