CABLE TEL SERVICES INC

1756 THOMAS RD
MEMPHIS, TN 38134

Talking Points

For the Agent

These are points that might help guide an agent as they look to approach a prospect.

  • Increasing LCM and decreasing market share may indicate carrier is tightening underwriting guidelines and/or has written higher risk accounts that they are less willing to fight for.
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 Higher than 89% 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.

  • 12% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 75th percentile at 2.5% of the market.
Good

OSHA

Most employers with 10 or more employees are required to maintain injury and illness records, known as the 300 log. In the event of an inspection, this information will likely be requested. Even without injury or claim, the proper documentation should be readily available on a location by location basis. These logs are critical but simple to maintain.

  • Businesses with serious and/or repeat violations should be provided with risk management practices to eliminate unnecessary risk and minimize what must exist in current processes.
Needs Attention

Business Stats

Policy History

Term Carrier LCM
2023

1.997
2023

2.110
2022

1.482
2022

-
2022

2.200
2022

1.766
2022

2.110
2021

1.482
2021

-
2021

2.200
2021

1.700
2021

2.008
2020

0.932
2020

1.482
2020

-
2020

2.200
2020

2.008
2019

0.932
2019

1.482
2019

-
2019

2.000
2019

1.870
2018

-
2018

2.000
2017

-
2017

2.000
2017

1.870
2016

-
2016

-
2016

1.564
2016

1.433
2016

-
2015

-
2015

-
2015

1.564
2015

-
2015

-
2014

-
2014

-
2014

1.783
2013

-
2013
08-12-2013

-
2012
10-06-2012

-
2011
10-14-2011

-
2010

-
2009
08-12-2009

-

Contacts

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Benefits Admin
(897) 454-0090
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Chief Executive Officer
(085) 471-4899
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Drill foreman
(804) 730-5397
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Yykfal Lpyn
President
(858) 678-2813
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Domain Registrant
(714) 146-3469
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Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 3,144,263 $ 4,607,289 $ 9,056,067 $ 9,185,993 $ 7,985,858 $ 5,353,817 $ 5,128,779 $ 71,817 $ 414,717 $ 756,306 $ 866,018 $ 642,951
Liabilities: $ 0 $ 2 $ 56 $ 9
EE Contrib: $ 296,446 $ 736,984 $ 885,754 $ 883,656 $ 833,641 $ 83,466 $ 79,141 $ 490,135 $ 509,184 $ 58,561 $ 37,347 $ 29,936
Emp Contrib: $ 145,848 $ 601,245 $ 63,106 $ 81,018 $ 489,386 $ 58,370 $ 34,067 $ 89,163 $ 95,500 $ 97,671 $ 70,857 $ 834
Income/Loss: $ 451,336 $ 22,116 $ 391,109($ 186,078) $ 270,252 $ 71,607($ 64,839) $ 63,791 $ 594,160 $ 51,966($ 6,131) $ 50,807
Total Income: $ 893,630 $ 854,125 $ 778,912 $ 957,137 $ 550,654 $ 167,031 $ 109,418 $ 874,825 $ 311,030 $ 950,771 $ 7,156 $ 1,384
Paid Benefits: $ 143,075 $ 154,982 $ 626,389 $ 315,952 $ 55,923 $ 813,786 $ 18,257 $ 84,970 $ 4,601 $ 790 $ 82,045 $ 22,157
Expenses: $ 0 $ 25 $ 6 $ 24 $ 7,226 $ 59
  Commission: $ 12,253 $ 38,573 $ 7,430 $ 2,374 $ 5,435 $ 6,424 $ 9,959 $ 487 $ 808 $ 152 $ 65 $ 356
Net Income: $ 738,302 $ 974,453 $ 458,445 $ 88,333 $ 282,320 $ 97,230 $ 861,176 $ 418,093 $ 308,650 $ 538,005 $ 99,332 $ 92,870
Net Assets: $ 3,882,565 $ 5,593,264 $ 4,726,189 $ 2,142,835 $ 417,703 $ 9,139,033 $ 4,061,397 $ 4,146,480 $ 799,531 $ 802,633 $ 808,065 $ 510,649

Participants

202120202019201820172016201520142013201220112010
Total Participants:941803821777911232778855
Active Part.:76312071399663579ce24ae
Retired Part.:27b9f56bf75ea5555d22a ddf
Deceased Part.:fde7b15896b831963d5

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.


OSHA

Motor Carrier