PA-TED SPRING CO LLC

137 VINCENT P KELLY RD
BRISTOL, CT 06010

Talking Points

For the Agent

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

  • A break in policy terms may indicate inconsistent work load which can result in substandard employment.
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 20th percentile compared to peers.
  • In the last year, LCM Increased by 33%. While peers Increased an average of 8%.
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.

  • 21% of peers have changed carriers since last year.
  • Of those who changed carriers, 2.2% increased their LCM vs those who stayed with their current provider who saw a 10.2% increase.
  • Current Carrier's market share is in the 99th percentile at 20.8% of the market.
Good

Business Stats

Policy History

Term Carrier LCM
2023

1.231
2022
04-06-2021

-
2021
04-06-2020

0.924
2020

1.232
2018

1.196
2017

1.196
2016

-
2015

-
2014

-
2012

-
2012

-

Contacts

Ghufooj Lxgvrc
President
(962) 336-3024
xyyti@qr-clb.nnc

OBOMNQG HYAYUA
Benefits Admin
(121) 845-0777
d3a93

BQE OJXZZP
Benefits Admin
(731) 162-2104
4332

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 1,024,100 $ 1,036,695 $ 481,105 $ 840,176 $ 351,834 $ 748,046 $ 759,482 $ 305,745 $ 752,157 $ 3,941,511 $ 9,894,766 $ 330,217
Liabilities: $ 0 $ 42 $ 8 $ 202 $ 422 $ 7 $ 20 $ 5 $ 5 $ 2
EE Contrib: $ 115,226 $ 30,171 $ 80,373 $ 851,298 $ 125,049 $ 939,934 $ 55,362 $ 8,730 $ 27,844 $ 32,765 $ 54,277 $ 46,665
Emp Contrib: $ 51,195 $ 61,908 $ 55,320 $ 56,091 $ 69,825 $ 74,753 $ 61 $ 90 $ 1 $ 1
Income/Loss: $ 157,837 $ 998,423 $ 253,350($ 68,272) $ 44,212 $ 31,959($ 4,928) $ 77,231 $ 91,129 $ 28,101($ 5,351) $ 7,064
Total Income: $ 324,258 $ 939,551 $ 291,287 $ 419,499 $ 920,799 $ 253,296 $ 78,703 $ 56,747 $ 69,277 $ 83,977 $ 61,923 $ 331,056
Paid Benefits: $ 197,353 $ 201,272 $ 25,791 $ 83,675 $ 95 $ 366,216 $ 5 $ 3,236 $ 120,999 $ 636,205 $ 132,700
Expenses: $ 0 $ 0 $ 773 $ 39 $ 2 $ 75 $ 70 $ 9 $ 3
  Commission: $ 85 $ 887 $ 277 $ 183 $ 60 $ 17 $ 936 $ 93 $ 153 $ 5 $ 311
Net Income: $ 126,820($ 32,042) $ 162,594 $ 83,783 $ 756,150 $ 11,160 $ 14,047 $ 61,806($ 16,173)($ 995,651) $ 16,572 $ 3,792
Net Assets: $ 1,150,920 $ 5,886,423 $ 278,582 $ 141,902 $ 3,639 $ 397,501 $ 273,171 $ 844,188 $ 443,044 $ 449,108 $ 1,443,855 $ 778,623

Participants

202120202019201820172016201520142013201220112010
Total Participants:297145187640742666207591
Active Part.:2619550517742018b5beb9
Retired Part.:3cf3443f6ccc76a940604
Deceased Part.:53ac379d3c6f313135935

Insurance

No Insurance Coverage

Providers

No Providers

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.

    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.


OSHA

Motor Carrier