GINKGO RESIDENTIAL LLC

200 S COLLEGE ST STE 200
CHARLOTTE, NC 28202

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 60% 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.

  • 11% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 75th percentile at 1% of the market.
Good

Business Stats

Policy History

Term Carrier LCM
2022

-
2022

1.667
2022

1.000
2022

1.835
2021

-
2021

1.667
2021

1.000
2021

1.835
2020

-
2020

1.667
2020

1.000
2020

1.835
2019

1.667
2019

-
2019

1.835
2018

1.667
2018

1.835
2017

1.835
2016

1.667
2016

1.835
2015

1.667
2015

-
2015

1.835
2014

1.667
2013

1.667
2013
01-17-2014

-
2012
12-12-2012

-
2011
12-12-2011

-
2010
12-12-2010

-

Contacts

LILG CJWK
(840) 449-7875
tvgr.rhoh@qothltqyuf.ajp

CFBL HTHK
Benefits Admin
(548) 955-7574
5ed

HXOEM UQNOUN
Benefits Admin
(270) 159-1390
c53d

Nrbai Iuo
Property Manager
(839) 553-6603
d77

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 8,081,336 $ 8,125,745 $ 105,746 $ 1,127,512 $ 7,611,829 $ 4,338,563 $ 7,762,755 $ 6,716,812 $ 1,614,217 $ 9,158,925 $ 4,597,625 $ 8,115,632
Liabilities: $ 0 $ 1 $ 18 $ 77 $ 5 $ 43 $ 7 $ 72
EE Contrib: $ 512,627 $ 459,003 $ 178,827 $ 705,013 $ 78,300 $ 760,141 $ 76,279 $ 258,362 $ 297,210 $ 202,368 $ 961,058 $ 480,731
Emp Contrib: $ 159,730 $ 555,727 $ 469,833 $ 805,208 $ 494,181 $ 316,435 $ 30,827 $ 5 $ 59 $ 40
Income/Loss: $ 795,515 $ 528,284 $ 239,949($ 24,874) $ 517,405 $ 844,324($ 658,625) $ 783,709 $ 336,752 $ 901,760($ 907,636) $ 346,787
Total Income: $ 2,089,194 $ 8,823,595 $ 2,133,478 $ 89,209 $ 8,256,557 $ 3,599 $ 802,582 $ 615,303 $ 2,571,421 $ 7,818,208 $ 187,085 $ 359,023
Paid Benefits: $ 384,274 $ 456,456 $ 221,957 $ 704,773 $ 47,142 $ 235,367 $ 578,079 $ 9,355,482 $ 478,404 $ 191,059 $ 483,564 $ 377,606
Expenses: $ 0 $ 3 $ 2 $ 9 $ 82 $ 3 $ 1 $ 9
  Commission: $ 45,192 $ 55,612 $ 57,644 $ 50,195 $ 5,058 $ 23,128 $ 26,047 $ 41,552 $ 5,715 $ 4,593 $ 5,196 $ 51,252
Net Income: $ 1,636,716 $ 9,491,795 $ 1,474,592($ 414,446) $ 9,765,729 $ 943,239 $ 94,882($ 918,739)($ 122,975) $ 147,043($ 334,335) $ 365,039
Net Assets: $ 9,718,052 $ 9,685,734 $ 8,457,020 $ 5,443,004 $ 8,493,580 $ 4,826,690 $ 696,388 $ 1,099,808 $ 471,179 $ 4,076,586 $ 4,054,052 $ 380,531

Participants

202120202019201820172016201520142013201220112010
Total Participants:226948553052941943689167109955796659
Active Part.:176208546411926607010657337218744
Retired Part.:4c33582492a4824
Deceased Part.:05833a0af44e0e49531e

Insurance

No Insurance Coverage

Providers

WFVIETL RXSYN VQVPKJRQVS HYQQ WMGU.
TNO UWKIWGY OEZBWYP ZAY
60 S 6TH ST COMMISSIONS ACCTG P-14
MINNEAPOLIS, MA 55402
Investment advisory (plan)
Compensation:$23,077
Relation:INVESTMENT ADVISOR
TDSSYLI GMQVZ CPFPRKAXMD OADY EHDO.Recordkeeping fees
Investment management fees paid indirectly by plan
Sub-transfer agency fees
Float revenue
Trustee (directed)
Other services
Other investment fees and expenses
Participant loan processing
Compensation:$22,115
Relation:RECORDKEEPER

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.

    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.

    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.

Health Benefits

Financials

20212020201920182017201620152014201320122011
BOY Assets: $ 0 $ 7 $ 52 $ 31 $ 7 $ 575 $ 0
Liabilities: $ 0 $ 348 $ 5 $ 81 $ 176 $ 88 $ 43
EE Contrib: $ 0 $ 84 $ 4 $ 65 $ 3 $ 686 $ 5
Emp Contrib: $ 0 $ 58 $ 0 $ 95 $ 0 $ 43 $ 61 $ 9 $ 65
Income/Loss: $ 0 $ 6 $ 6 $ 1 $ 86 $ 3
Total Income: $ 0 $ 568 $ 8 $ 8 $ 4 $ 2 $ 8
Paid Benefits: $ 0 $ 57 $ 3 $ 1 $ 1 $ 5
Expenses: $ 0 $ 24 $ 482 $ 49 $ 3
  Commission: $ 0 $ 23 $ 70 $ 9 $ 48
Net Income: $ 0 $ 87 $ 6 $ 0 $ 5 $ 5 $ 96
Net Assets: $ 0 $ 1 $ 39 $ 98 $ 68 $ 706 $ 6 $ 69

Participants

20212020201920182017201620152014201320122011
Total Participants:153682655255484496692890838627340
Active Part.:153520552446694180928027757278592
Retired Part.:3a64 22c52f22cac40
Deceased Part.:1d0fcfdf6630039afb3

Insurance

IFMPSJMTQS FLVZQMLEG HDRLTEM CC KGHVXKE
Renewal:09-30-2021
Covered:153
  1. Life Insurance
  2. Temp. Disability Insurance
  3. Long Term Disab. Ins
  4. AD&D, VOLUNTARY LIFE,AD&D,DEPENDENT SPOUSE, DEPENDENT LIFE CHILD

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 102,114
Commission22.24% $ 22,706
Fees0.03% $ 31
Brokers
JYVGBWEX JCORCZHQ VFQE UJCQJYHBG FGVVWIH
Renewal:09-30-2021
Covered:155
  1. Vision

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 10,041
Commission15.36% $ 1,542
Fees0% $ 0
Brokers
IBBEOZKJ ICVBFFJLF VGWAOXO
Renewal:09-30-2021
Covered:109
  1. Dental

Retention: $ 21,778
Claims: $ 36,340
Loss Ratio:0.63
Exp Rated Premium $ 57,420
Non-Exp Rated Premium: $ 0
Commission16.22% $ 9,312
Fees0% $ 0
Brokers
XTWJLBC XHNU YJV WCBIBX JWUIBXLXS TU.
Renewal:09-30-2021
Covered:125
  1. Stop Loss

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 274,978
Commission0% $ 0
Fees0% $ 0

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.

    4Q - Other.