Charles S Reskovitz Inc

PO Box 5068
Wilmington, DE 19808

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 in-line with peers, in the 55th percentile.
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.

  • 18% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 99th percentile at 17.6% of the market.
Good

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2023

1.720
2022

1.720
2021

1.720
2020

1.720
2019

1.720

Contacts

Jzkbumn Y
President
(413) 079-7315
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Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 1,362,831 $ 3,898,740 $ 869,438 $ 4,660,282 $ 6,889,553 $ 885,503 $ 841,462 $ 633,670 $ 863,199 $ 541,196 $ 435,811 $ 879,613
Liabilities: $ 0 $ 90,000,000 $ 797 $ 6 $ 79 $ 6
EE Contrib: $ 103,275 $ 54,653 $ 832,955 $ 75,407 $ 74,960 $ 79,214 $ 66,735 $ 16,989 $ 38,933 $ 50,312 $ 77,374 $ 56,371
Emp Contrib: $ 33,909 $ 8,156 $ 22,984 $ 53,569 $ 75,342 $ 50,294 $ 57,761 $ 2,184 $ 1,149 $ 683 $ 8,013 $ 8,722
Income/Loss: $ 144,141 $ 787,235 $ 669,678($ 69,994) $ 898,698 $ 53,066($ 25,309) $ 67,457 $ 512,610 $ 44,654($ 48,996) $ 62,343
Total Income: $ 281,325 $ 91,950 $ 61,776 $ 13,060 $ 761,259 $ 279,527 $ 80,500 $ 89,917 $ 399,159 $ 839,370 $ 40,017 $ 788,755
Paid Benefits: $ 1,723 $ 93,402 $ 2 $ 374,900 $ 234 $ 7,784 $ 8 $ 27 $ 29,795 $ 3,514 $ 14,272
Expenses: $ 0 $ 33 $ 59 $ 58 $ 2 $ 4 $ 789 $ 1,293 $ 4,293
  Commission: $ 0 $ 9 $ 4 $ 91 $ 5,374 $ 299 $ 0 $ 409
Net Income: $ 279,602 $ 471,824 $ 443,481($ 854,167) $ 320,417 $ 52,323 $ 83,616 $ 739,540 $ 265,165 $ 19,069($ 4,448) $ 29,015
Net Assets: $ 1,642,433 $ 7,143,740 $ 2,718,581 $ 737,998 $ 6,846,921 $ 9,204,829 $ 677,851 $ 319,224 $ 405,836 $ 524,788 $ 179,129 $ 640,502

Participants

202120202019201820172016201520142013201220112010
Total Participants:1487869669822
Active Part.:122428394777ef47125f
Retired Part.:65a518817588055404 e03563
Deceased Part.:1e1b747141a2eb8b477

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.

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

    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.