CUBESMART LP

5 OLD LANCASTER RD
MALVERN, PA 19355

Talking Points

Experience Mod Rating

Mod is an indication of how risky a company is to insure. It is based on a company's claim history.

  • Experience Mod is in-line with peers, in the 65th percentile.
  • There was a recent mod increase.
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 8th percentile compared to peers.
  • In the last year, LCM Decreased by 33%. While peers Increased an average of 0%.
Good

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.

  • 15% of peers have changed carriers since last year.
  • Of those who changed carriers, 2.2% decreased their LCM vs those who stayed with their current provider who saw a 0.4% increase, a difference of roughly 6x.
  • Current Carrier's market share is in the 95th percentile at 12.1% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2023

1.676
2023

2.110
2023

1.310
2023

2.316
2023

-
2023

1.633
2023

0.960
2023

1.650
2023

-
2023

0.942
2023

-
2023

0.913
2023

1.015
2023

1.084
2023

1.300
2023

0.724
2023

0.926
2023

0.852
2023

0.852
2023

1.009
2023

1.015
2023

0.875
2023

1.000
2023

1.000
2023

1.000
2022

1.728
2022

2.140
2022

2.316
2022

1.310
2022

-
2022

1.633
2022

1.280
2022

1.650
2022

-
2022

0.926
2022

-
2022

0.913
2022

2.452
2022

1.300
2022

1.310
2022

1.235
2022

0.852
2022

1.139
2022

1.505
2022

0.874
2022

1.160
2022

1.000
2021

1.787
2021

2.110
2021

2.316
2021

1.314
2021

-
2021

1.633
2021

1.356
2021

1.650
2021

1.232
2021

-
2021

-
2021

1.353
2021

1.335
2021

1.260
2021

1.235
2021

0.994
2021

-
2021

1.025
2021

1.301
2021

1.505
2021

0.876
2021

1.160
2021

1.035
2020

-
2020

1.787
2020

2.316
2020

1.314
2020

-
2020

1.356
2020

1.650
2020

1.232
2020

-
2020

-
2020

1.314
2020

1.335
2020

1.260
2020

1.235
2020

-
2020

1.052
2020

1.301
2020

1.359
2020

0.876
2020

1.162
2020

1.433
2020

-
2019

-
2019

1.907
2019

-
2019

2.316
2019

1.314
2019

1.640
2019

-
2019

1.314
2019

-
2019

1.260
2019

1.235
2019

-
2019

1.052
2019

1.301
2019

1.359
2019

1.162
2019

1.433
2019

1.433
2018

-
2018

1.907
2018

-
2018

1.200
2018

1.640
2018

-
2018

1.314
2018

-
2018

-
2018

1.164
2018

-
2018

1.052
2018

1.359
2018

1.120
2018

2.255
2018

1.433
2017

1.907
2017

-
2017

-
2017

1.200
2017

-
2017

-
2017

1.110
2017

-
2017

1.052
2017

1.359
2017

1.013
2017

2.255
2017

1.433
2016

-
2016

-
2016

-
2016

1.000
2016

-
2016

1.110
2016

-
2016

1.052
2016

1.359
2016

1.013
2016

1.711
2016

1.433
2015

-
2015

-
2015

-
2015

1.000
2015

-
2015

1.110
2015

-
2015

1.359
2015

-
2015

-
2015

1.433
2014

-
2014

-
2014

-
2014

1.000
2014

-
2014

1.110
2014

-
2014

-
2013

-
2013

1.000
2013

-
2013

1.000
2013

1.110
2013

-
2013

-
2013
05-15-2013

-
2012
05-15-2012

-
2012
05-15-2012

-
2012
05-15-2012

-
2012
05-15-2012

-
2011

-
2011
05-15-2011

-
2010

-
2009

-

Contacts

14b
(504) 565-5887
b2ecd

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(974) 979-6330
59b2

Jxgihme Opptltn
Owner
(778) 266-9101
3afc4

Fsox Ykpwwd
Owner
(074) 457-0144
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(723) 813-0035
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Dnhizp Bvcok
Branch Manager
(651) 520-3909
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Lbmlf Wjpvaig
Manager
(028) 922-3302
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Thgolhs Ueqew
Principal
(029) 995-0299
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40
(809) 446-2755
ggmptcwa@voskdhjfe.otr

8
(762) 451-1619
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Vshdqv Iamzd
Branch Manager
(181) 459-3872
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3
(427) 780-2197
f7732

af4
(481) 970-1461
c25d

Dnlxxrzcc ymj
(975) 055-7563
c232

0
(832) 700-7226
xadgo@qrxaotpcnsfyov.lpl

Ncfyz Fyxhhc
Owner
(433) 095-8738
piuff@vzgmskdxsyh.ijo

Rnphy Lgzysh
Domain Registrant
(402) 440-6546
fftdhnc@ocwzut.trg

Ronga Zqyo
President
(350) 149-0766
ogndz@nnciqpseyva.jts

Wucwss Xddztsf
Accountant
(601) 283-4463
25d2e

f80
(062) 153-2536
dbe32

Szq Vubqry
Manager
(247) 911-0205
c3d

FWXRRO PWEKCA XUA
Benefits Admin
(894) 810-1915
53

6
(041) 711-9326
f7

00
(752) 463-1147
e8f9c

4
(304) 239-6040
f377

Kvyyduy Pithqxqddszzp
Chairman
(794) 072-6532
3773c

LAHT INVUGF
Benefits Admin
(035) 714-6103
f45

ADJX CUGSBS
Benefits Admin
(051) 575-0160
8dd

HJMHHPW A. XIWICL
Benefits Admin
(552) 543-3448
285

BFKXWME JBUBJY
Benefits Admin
(935) 575-2634
d7f

UVMY SWYHBM
Benefits Admin
(472) 499-4809
fc22b

Tzwmw Bnln
Vice President, Investments
(651) 234-8647
rklwk@hnkbabers.few

ZMSLCPQ U ZPQHKH
Benefits Admin
(264) 761-7634
ddf

47
(772) 886-3259
f772

509
(748) 526-2173
5f52

Axazus Mbejmvr
Branch Manager
(948) 430-3688
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Momtn Rgmhephf
President
(490) 805-6099
ed298

b9
(923) 409-0665
729

1
(604) 337-7707
diwgb3480@nzgmyuftt.imz

17
(319) 888-0094
77ffd

b20
(326) 964-5370
27237

1
(449) 616-7412
5d7

Irpfs X'wfwem
Branch Manager
(567) 683-2511
nqbp@jzkexvquz.nbw

(797) 720-7708
cfe55

Esgay Q Lpcyipyd
Principal
(205) 518-2605
lqxkogkpzlttc@udmicyy.ntv

0 5
(289) 920-6440
fxblrpzd@srigikdxq.kfk

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bc29
noxk.diggoqpdvlnj@akqae.cza

Tawq Wmtugjj
Branch Manager
(725) 678-5269
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Fga Jvsbuhdvnho Qsjvlij
Registered Agent
8eda
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Tlx Vfxqehwk
Chief Executive Officer
(434) 980-9076
clpgczosp@dpjefqh.fl.vb

Wrbixoo Iuepf
Principal
(902) 261-2370
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Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 36,813,146 $ 70,422,220 $ 87,591,948 $ 30,622,345 $ 53,536,350 $ 28,695,361 $ 86,421,863 $ 18,656,161 $ 6,307,973 $ 7,414,509 $ 2,848,170 $ 4,299,727
Liabilities: $ 0 $ 9 $ 29 $ 6 $ 9 $ 476 $ 9 $ 4 $ 8
EE Contrib: $ 5,092,236 $ 589,708 $ 4,456,427 $ 1,677,828 $ 7,130,477 $ 4,848,243 $ 3,350,121 $ 8,776,784 $ 334,507 $ 2,802,182 $ 2,011,635 $ 6,512,430
Emp Contrib: $ 1,679,429 $ 4,624,209 $ 9,379,962 $ 1,699,175 $ 788,306 $ 551,206 $ 767,339 $ 418,123 $ 841,394 $ 732,701 $ 112,723 $ 878,510
Income/Loss: $ 5,359,447 $ 8,431,336 $ 9,307,489($ 8,120,149) $ 9,455,922 $ 959,519($ 413,968) $ 165,699 $ 2,766,346 $ 559,941($ 472,231) $ 96,481
Total Income: $ 13,312,965 $ 49,010,999 $ 54,475,862 $ 220,816 $ 4,365,324 $ 8,002,753 $ 2,341,396 $ 153,021 $ 123,535 $ 3,051,275 $ 5,027,250 $ 9,908,864
Paid Benefits: $ 4,231,056 $ 1,117,739 $ 8,911,956 $ 3,668,784 $ 4,788,347 $ 6,742,950 $ 7,464,025 $ 3,609,151 $ 6,308,587 $ 677,581 $ 499,124 $ 210,674
Expenses: $ 0 $ 97 $ 6 $ 4 $ 3 $ 6 $ 7
  Commission: $ 306,356 $ 99,378 $ 72,305 $ 620,246 $ 90,287 $ 268,772 $ 566,118 $ 26,156 $ 86,827 $ 27,719 $ 67,858 $ 6,734
Net Income: $ 8,775,553 $ 6,143,864 $ 2,339,701 $ 283,350 $ 5,226,209 $ 6,236,970 $ 5,287,004 $ 6,332,356 $ 1,953,448 $ 2,612,207 $ 400,273 $ 5,823,847
Net Assets: $ 45,588,699 $ 22,551,548 $ 55,731,888 $ 56,906,458 $ 20,543,704 $ 19,298,245 $ 15,818,594 $ 33,595,023 $ 74,966,424 $ 4,886,928 $ 9,289,327 $ 9,071,594

Participants

202120202019201820172016201520142013201220112010
Total Participants:328584160428207879550545405271780174643374840506
Active Part.:236388124732319658884913896047103980817064728140
Retired Part.:da6ca367f0829587ffd
Deceased Part.:371214bb572519dd5f

Insurance

No Insurance Coverage

Providers

CSVSA FVJJZ

PO BOX 8480
BOSTON, MA 02266
EIWBQBMC LQKPL

PO BOX 6007
INDIANAPOLIS, IN 46206
HKQHHHIO NPAENILAU

720 SW WASHINGTON STREET SUITE 650
PORTLAND, OR 97205
NYPEZXZQFJG AZEK FCOHMWMK

6300 BEE CAVE ROAD BUILDING ONE
AUSTIN, TX 78746
WODHV JHNSN

PO BOX 55932
BOSTON, MA 02205
VF VSTAPD

270 PARK AVENUE
NEW YORK, NY 10017
SEC FKNOSRKULSCT YLZ

PO BOX 55824
BOSTON, MA 02205
HJUGZRBT UQBCYHDOD YAUY

100 VANGUARD BLVD
MALVERN, PA 19355
Y CKHB WITFB PWR DQT
100 EAST PRATT STREET
BALTIMORE, MD 21202
Recordkeeping and information management (computing, tabulating, data processing, etc.)
Trustee (bank, trust company or similar financial institution)
Trustee (directed)
Investment management
Participant communication
Other services
Direct payment from the plan
Investment management fees paid indirectly by plan
Shareholder servicing fees
Float revenue
Recordkeeping fees
Account maintenance fees
Compensation:$271,356
Relation:NONE
SXXJSNM FELW
1900 FIFTH AVENUE NORTH
BIRMINGHAM, AL 35203
Consulting (general)
Direct payment from the plan
Compensation:$35,000
Relation:NONE
C XNMQ QYIAB HNL SYK
Source: ALGER CAPITAL APPREC INST I
Recordkeeping and information management (computing, tabulating, data processing, etc.)
Trustee (bank, trust company or similar financial institution)
Trustee (directed)
Investment management
Participant communication
Other services
Direct payment from the plan
Investment management fees paid indirectly by plan
Shareholder servicing fees
Float revenue
Recordkeeping fees
Account maintenance fees
Compensation:FEE FOR SHAREHOLDER SERVICING BASED UPON 0.5%
V BZRU JUDNV IPG NQK
Source: COLUMBIA TOTAL RET BD INSTL 2
Recordkeeping and information management (computing, tabulating, data processing, etc.)
Trustee (bank, trust company or similar financial institution)
Trustee (directed)
Investment management
Participant communication
Other services
Direct payment from the plan
Investment management fees paid indirectly by plan
Shareholder servicing fees
Float revenue
Recordkeeping fees
Account maintenance fees
Compensation:FEE FOR SHAREHOLDER SERVICING BASED UPON 0.1%
Y RXHL AKBLU AVR HAT
Source: JP MORGAN MID CAP VALUE L
Recordkeeping and information management (computing, tabulating, data processing, etc.)
Trustee (bank, trust company or similar financial institution)
Trustee (directed)
Investment management
Participant communication
Other services
Direct payment from the plan
Investment management fees paid indirectly by plan
Shareholder servicing fees
Float revenue
Recordkeeping fees
Account maintenance fees
Compensation:FEE FOR SHAREHOLDER SERVICING BASED UPON 0.1%

Features

    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.

    2R - Participant-directed brokerage accounts provided as an investment option under the plan.

    2S - Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.

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

Health Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 0 $ 4 $ 3 $ 85 $ 6 $ 56 $ 73 $ 7
Liabilities: $ 0 $ 4 $ 47 $ 97 $ 9 $ 24 $ 7 $ 3
EE Contrib: $ 0 $ 2 $ 8 $ 2 $ 9 $ 11 $ 2
Emp Contrib: $ 0 $ 60 $ 6 $ 7 $ 1 $ 7 $ 74 $ 7
Income/Loss: $ 0 $ 79 $ 0 $ 90 $ 0
Total Income: $ 0 $ 67 $ 0
Paid Benefits: $ 0 $ 3 $ 7 $ 686 $ 0 $ 7 $ 66 $ 6 $ 8 $ 6 $ 4
Expenses: $ 0 $ 2 $ 296 $ 1 $ 2 $ 7 $ 12 $ 7 $ 0
  Commission: $ 0 $ 468 $ 3 $ 339 $ 3 $ 8
Net Income: $ 0 $ 5 $ 5 $ 4 $ 57 $ 8 $ 5 $ 2 $ 7
Net Assets: $ 0 $ 76 $ 8 $ 1 $ 8 $ 10 $ 3 $ 0

Participants

202120202019201820172016201520142013201220112010
Total Participants:260174677913463636038175915761612177152492139802
Active Part.:260120974872350513381117281400563627222044807014
Retired Part.:201773587662c6c43 36
Deceased Part.:58078bfa7d60ff0654995f

Insurance

HNPYHFZVNRXHBYXZ JAQJXWOTN KBAFODY
Renewal:12-31-2021
Covered:1617
  1. Vision

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 189,665
Commission10% $ 18,967
Fees0% $ 0
Brokers
UCPLL LQZXRO CUB DFKN BQSDFBIZW UWATZYPDL ONC LXXYMHIRGU
Renewal:12-31-2021
Covered:1729
  1. Health
  2. Dental
  3. Prescription Drug
  4. Indemnity Contract

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 19,327,988
Commission0.22% $ 42,002
Fees1.89% $ 364,913
Brokers
ZBEWISCHV SFCQRTWQEK MYSFXD, CTG.
Renewal:12-31-2021
Covered:6500
  1. EMPLOYEE ASSISTANCE PROGRAM

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 48,437
Commission0% $ 0
Fees0% $ 0
JAYSIWUWSS ENORKISIC JPOIBKG IO YWDWISD
Renewal:12-31-2021
Covered:2601
  1. Life Insurance
  2. Temp. Disability Insurance
  3. Long Term Disab. Ins
  4. ACCIDENTAL DEATH AND DISMEMBERMENT

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 1,358,451
Commission8.64% $ 117,416
Fees0% $ 0
Brokers

Providers

No Providers

Features

    4A - Health (other than vision or dental).

    4B - Life insurance.

    4D - Dental.

    4E - Vision.

    4F - Temporary disability (accident and sickness).

    4H - Long-term disability.

    4L - Death benefits (include travel accident but not life insurance).

    4Q - Other.