Metropolitan Revenue Associates, LLC.

PO Box 12566
Wilmington, DE 19850

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 93% 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.

  • 4% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 99th percentile at 29.7% of the market.
Good

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2022

2.868
2021

2.868
2020

2.868
2019

2.658
2018

2.658
2017

2.396
2016

1.851
2015

1.707
2014

-
2014

-
2013

-
2013

-
2012

-
2012

-

Contacts

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President
(365) 948-8643
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Benefits Admin
(852) 310-7704
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Benefits Admin
(756) 307-2615
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Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013
BOY Assets: $ 2,317,031 $ 6,339,780 $ 5,883,843 $ 8,641,813 $ 298,540 $ 636,940 $ 171,272 $ 921,893 $ 326
Liabilities: $ 0 $ 6 $ 169 $ 6 $ 8
EE Contrib: $ 110,723 $ 509,105 $ 65,364 $ 92,556 $ 27,864 $ 80,116 $ 87,737 $ 65,274 $ 200,465
Emp Contrib: $ 93,856 $ 28,312 $ 85,947 $ 32,285 $ 517,370 $ 15,793 $ 59,524 $ 75,859 $ 1,982
Income/Loss: $ 355,668 $ 348,621 $ 618,767($ 7,347) $ 770,893 $ 96,192 $ 31,727 $ 33,014 $ 46,415
Total Income: $ 560,247 $ 844,172 $ 918,433 $ 884,915 $ 758,228 $ 869,737 $ 656,166 $ 916,395 $ 528,094
Paid Benefits: $ 0 $ 68,767 $ 3 $ 379,825 $ 882 $ 1,651 $ 5
Expenses: $ 0 $ 55 $ 0 $ 7 $ 5 $ 6 $ 57
  Commission: $ 1,359 $ 649 $ 4 $ 19 $9,000,000,000 $ 423
Net Income: $ 558,888 $ 586,063 $ 781,371 $ 6,334 $ 947,733 $ 866,215 $ 980,122 $ 206,717 $ 800,599
Net Assets: $ 2,875,919 $ 6,331,233 $ 302,386 $ 580,419 $ 9,838,680 $ 468,006 $ 539,022 $ 825,867 $ 165,702

Participants

202120202019201820172016201520142013
Total Participants:10358338255527
Active Part.:60671317c3
Retired Part.:7ef041 bf408bd1
Deceased Part.:e59cec9ccdc58

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.

    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.