Eagle One Federal Credit Union

3301 Philadelphia Pike
Claymont, DE 19703

Talking Points

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 90% 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.

  • 19% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 95th percentile at 43.8% of the market.
Good

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2023

2.607
2023

3.186
2022

2.607
2022

3.186
2021

2.607
2021

3.031
2020

2.607
2020

2.607
2020
02-10-2019

2.607
2020
02-10-2019

2.607
2019

2.416
2019

2.416
2018

2.416
2018

2.416
2017

2.178
2017

1.960
2016

2.178
2016

1.960
2015
02-10-2015

1.920
2015
02-10-2015

1.920
2014

-
2014

-
2013

-
2013

-
2012

-
2012

-
2011

-
2011

-
2010

-
2010

-
2009
02-10-2009

-
2009
02-10-2009

-

Contacts

10
(197) 603-5444
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Greater Philadelphia Area
(260) 555-7875
kiedzwvyyxzkvoua@ziqri.zpn

7
(145) 086-3200
409c4

PBCE ZWEE
Benefits Admin
(759) 075-5212
0 0

TNGWIQFA QLYZLAXR
Benefits Admin
(699) 904-6205
7446

GCXZBTCK FJJLRSMWP
Benefits Admin
(851) 003-7350
59

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 634,761 $ 746,507 $ 425,760 $ 295,873 $ 815,927 $ 868,618 $ 291,544 $ 885,084 $ 297,666 $ 538,971 $ 883,056 $ 100,659
Liabilities: $ 0 $ 74 $ 941 $ 1 $ 7 $ 47 $ 4 $ 41
EE Contrib: $ 30,228 $ 73,516 $ 72,326 $ 58,048 $ 74,951 $ 54,488 $ 22,632 $ 582,627 $ 85,967 $ 74,944 $ 7,761 $ 36,851
Emp Contrib: $ 27,645 $ 61,292 $ 28,325 $ 82,154 $ 6,724 $ 21,839 $ 32,847 $ 41,050 $ 75,325 $ 4,722 $ 75,324 $ 60,174
Income/Loss: $ 80,777 $ 50,618 $ 39,778($ 5,850) $ 50,900 $ 41,761 $ 9,721 $ 87,850 $ 99,508 $ 30,467 $ 6,860 $ 27,210
Total Income: $ 138,650 $ 278,957 $ 313,331 $ 65,799 $ 627,445 $ 643,390 $ 52,599 $ 783,211 $ 631,374 $ 46,085 $ 73,389 $ 43,532
Paid Benefits: $ 127,156 $ 849,140 $ 66,988 $ 859,098 $ 232,457 $ 94,803 $ 991,983 $ 30 $ 73,854 $ 11,241 $ 727 $ 64,220
Expenses: $ 0 $ 680 $ 3,604 $ 781 $ 5,134 $ 996 $ 9,607 $ 8,918 $ 1,055 $ 7,686 $ 9,371 $ 6,326
  Commission: $ 3,512 $ 3 $ 70 $ 0 $ 3 $ 3 $ 0 $ 8
Net Income: $ 7,982($ 1,507) $ 160,596($ 63,533)($ 1,051) $ 87,303($ 696,667) $ 36,146 $ 207,832 $ 36,842 $ 60,571 $ 23,909
Net Assets: $ 642,743 $ 62,048 $ 225,581 $ 268,561 $ 679,181 $ 555,039 $ 266,874 $ 854,030 $ 504,773 $ 549,760 $ 78,869 $ 466,437

Participants

202120202019201820172016201520142013201220112010
Total Participants:279054701029792348486551
Active Part.:2357598523039639232830 8
Retired Part.:e1 777f25d17a68551681ff7a
Deceased Part.:3dbc893c793e07d371bece

Insurance

No Insurance Coverage

Providers

No Providers

Features

    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.

    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.

    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.

    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.

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