THE UNITED STATES OLYMPIC ENDOWMENT

10 LAKE CIR
COLORADO SPRINGS, CO 80906

Talking Points

For the Agent

These are points that might help guide an agent as they look to approach a prospect.

  • Increasing LCM and decreasing market share may indicate carrier is tightening underwriting guidelines and/or has written higher risk accounts that they are less willing to fight for.
Needs Attention

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 48th percentile.
  • In the last year, premium Decreased by 4%. 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 Very Good, in the 9th percentile compared to peers.
  • In the last year, LCM Increased by 3%. While peers Increased an average of 0%.
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.

  • 3% of peers have changed carriers since last year. Those who did, saw a 77.3% decrease in premium vs those who stayed with their current provider had a 3.8% decrease, roughly 20x those who stayed with their current provider.
  • Current Carrier's market share is in the 99th percentile at 73.9% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2022

1.590
2021

1.540
2020

0.000
2019

-
2018

-
2017

-
2016

-
2015

-
2014

-
2013

-
2012

-

Contacts

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EVP/COO
(061) 891-0763
mxkpfaz@enin-wz.eqv

PAIAMK SENAIN
Benefits Admin
(283) 243-1683
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Benefits Admin
(489) 559-4088
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Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 37,232 $ 47,870 $ 76,322 $ 4,803 $ 177,739 $ 516,935 $ 794,881 $ 353,338 $ 277,929 $ 613,655 $ 573,630 $ 634,045
Liabilities: $ 0 $ 2 $ 9 $ 847,549 $ 522,426 $ 799,327 $ 26 $ 1
EE Contrib: $ 0 $ 7 $ 5 $ 4 $ 6 $ 5 $ 6 $ 18 $ 4
Emp Contrib: $ 7,132 $ 2,871 $ 2,455 $ 1,158 $ 2,844 $ 75,674 $ 9,128 $ 88,676 $ 51,930 $ 82,961 $ 77,539 $ 60,237
Income/Loss: $ 6,709 $ 364 $ 736($ 2,832) $ 3,009 $ 2,879 $ 2,802 $ 7,068 $ 3,529 $ 7,528 $ 5,147 $ 2,487
Total Income: $ 13,841 $ 18,514 $ 58,703 $ 912 $ 95,113 $ 98,584 $ 59,662 $ 44,347 $ 65,034 $ 46,109 $ 15,616 $ 71,354
Paid Benefits: $ 0 $ 696 $ 4 $ 9 $ 3 $ 47,757 $ 90,415 $ 6,031 $ 48,759 $ 7,979 $ 48,126 $ 28,115
Expenses: $ 30 $ 49 $ 86 $ 90 $ 19 $ 67 $ 6 $ 7 $ 63 $ 958
  Commission: $ 0 $ 60 $ 472 $ 7 $ 2 $ 4 $ 8 $ 386 $ 4
Net Income: $ 13,811 $ 8,548 $ 1,588 $ 2,850 $ 80,625 $ 48,605 $ 8,674 $ 30,357 $ 84,529 $ 30,632 $ 93,974($ 67,216)
Net Assets: $ 51,043 $ 85,863 $ 16,652 $ 90,787 $ 5,981 $ 4,328 $ 6,366 $ 6 $ 179,534 $ 193,687 $ 95,671 $ 277,092

Participants

202120202019201820172016201520142013201220112010
Total Participants:190721835042
Active Part.:11849253 86e44be6
Retired Part.:8564aafa7aec65f5a84c99af
Deceased Part.:653b261fea1ef1d34c63

Insurance

No Insurance Coverage

Providers

No Providers

Features

    2L - Code section 403(b)(1) arrangement.

    2M - Code section 403(b)(7) accounts - See Limited Pension Plan Reporting instructions for Code section 403(b)(7) custodial accounts for regulated investment company stock for certain exempt organizations.