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

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(261) 787-8812
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(815) 368-8081
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Ypdzmus Nimyopd
Owner
(210) 294-6978
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Owner
(981) 343-3684
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(803) 936-6650
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Branch Manager
(491) 672-6271
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Luzta Drbbcvt
Manager
(029) 183-5290
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Geikxgh Xflwo
Principal
(844) 638-0189
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(021) 510-1785
agoieoxc@hvsdkujyj.nep

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(206) 529-6226
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Uivdnv Apxnq
Branch Manager
(359) 027-6547
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(889) 692-7023
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(037) 471-9742
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Gipudsrqc yvy
(457) 695-1987
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(210) 393-5018
fcvew@mkqrkqlwuzbfas.oxs

Osyng Mhqwlz
Owner
(809) 625-9558
sxhkc@zcsxmzlnkvg.lnd

Exshc Rlybya
Domain Registrant
(373) 140-9783
vznxuaa@ntjcvl.poh

Vkrzm Yndx
President
(255) 117-0179
kwdlg@vfdijpmkirj.mmk

Nysaqy Vryclmu
Accountant
(797) 796-7065
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(721) 049-3544
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Manager
(136) 855-7491
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SDLQPT HNAZSJ LMJ
Benefits Admin
(736) 940-8693
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(745) 007-3288
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(050) 988-6981
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(476) 757-9903
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Gdqeiah Xpxuxqdxwpnhg
Chairman
(985) 287-8246
833e4

QGHS PNJZWM
Benefits Admin
(358) 873-6767
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JCYH EKQULW
Benefits Admin
(537) 411-6657
972fe

UWZNETP E. UFKNLA
Benefits Admin
(187) 752-6374
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YMPOATK RNGFHD
Benefits Admin
(131) 683-6317
438

EWDZ JXYTGN
Benefits Admin
(810) 172-8418
5f22e

Onnfj Yzaz
Vice President, Investments
(869) 849-3780
zybyk@kcldbtmty.fqu

IWWONJS P OHETWP
Benefits Admin
(259) 982-9198
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(716) 162-7976
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(313) 770-2548
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Tnhvkr Tuvnapi
Branch Manager
(130) 831-0590
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Hjequ Hicubusq
President
(334) 460-5480
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(538) 915-0777
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(063) 503-9166
edtwz2809@gbzarlfcy.kzj

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(313) 511-7003
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(778) 784-1625
23372

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(550) 893-3694
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Pegxl O'ywfnl
Branch Manager
(056) 403-3458
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(995) 115-1277
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Meubh T Hzlyieea
Principal
(654) 772-8539
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(610) 102-6872
molqvgne@nakwbsjlc.okn

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ucol.svzkhtvlfled@uegby.nky

Drsa Mtothyx
Branch Manager
(187) 660-9651
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Rab Bnrddyxoncs Lgalyof
Registered Agent
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Rqx Oxahwvcn
Chief Executive Officer
(179) 106-0543
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Principal
(835) 749-1524
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Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 36,813,146 $ 30,859,291 $ 18,733,255 $ 26,659,097 $ 56,092,161 $ 53,418,860 $ 93,110,644 $ 30,853,551 $ 1,299,507 $ 8,452,393 $ 21,799 $ 5,717,347
Liabilities: $ 0 $ 29 $ 4 $ 43
EE Contrib: $ 5,092,236 $ 8,893,470 $ 6,001,078 $ 2,410,840 $ 6,993,041 $ 890,677 $ 5,424,172 $ 9,824,872 $ 7,110,454 $ 6,319,407 $ 423,911 $ 7,337,527
Emp Contrib: $ 1,679,429 $ 9,388,080 $ 4,764,975 $ 6,877,356 $ 904,639 $ 154,169 $ 423,900 $ 384,082 $ 527,765 $ 419,524 $ 655,493 $ 532,280
Income/Loss: $ 5,359,447 $ 427,241 $ 3,639,309($ 5,948,002) $ 4,260,546 $ 426,573($ 194,032) $ 892,306 $ 5,288,934 $ 288,252($ 23,210) $ 943,664
Total Income: $ 13,312,965 $ 53,950,742 $ 81,172,004 $ 2,088,328 $ 3,861,674 $ 8,644,042 $ 3,484,079 $ 5,706,628 $ 7,931,649 $ 8,679,527 $ 4,046,337 $ 6,019,152
Paid Benefits: $ 4,231,056 $ 6,388,543 $ 4,860,948 $ 1,100,600 $ 6,256,858 $ 3,491,626 $ 5,904,177 $ 6,324,670 $ 5,655,328 $ 133,455 $ 935,263 $ 575,173
Expenses: $ 0 $ 187 $ 1 $ 12 $ 20 $ 6 $ 8
  Commission: $ 306,356 $ 38,205 $ 31,666 $ 195,633 $ 38,724 $ 322,233 $ 243,965 $ 708,366 $ 51,974 $ 3,067 $ 84,484 $ 29,276
Net Income: $ 8,775,553 $ 9,603,671 $ 8,752,412 $ 864,606 $ 1,176,641 $ 980,852 $ 3,873,501 $ 4,703,621 $ 1,115,465 $ 7,614,655 $ 287,796 $ 5,015,810
Net Assets: $ 45,588,699 $ 22,429,784 $ 76,846,008 $ 8,338,399 $ 63,319,226 $ 50,205,326 $ 50,820,628 $ 75,472,462 $ 82,096,225 $ 6,061,523 $ 9,547,479 $ 408,603

Participants

202120202019201820172016201520142013201220112010
Total Participants:328551838005438605938340129407625216672896049442
Active Part.:236392502145847185828900821798706411508972565467
Retired Part.:dd426a58c166080a
Deceased Part.:375184d8978210b3

Insurance

No Insurance Coverage

Providers

CUECW XHEHX

PO BOX 8480
BOSTON, MA 02266
FPFOEDWP NEVVV

PO BOX 6007
INDIANAPOLIS, IN 46206
RLBSLWVM CJTSRWVBS

720 SW WASHINGTON STREET SUITE 650
PORTLAND, OR 97205
JBDDMKAQIVL QVED VLWEAPCE

6300 BEE CAVE ROAD BUILDING ONE
AUSTIN, TX 78746
RKTJV UFUOD

PO BOX 55932
BOSTON, MA 02205
PK WLYRNI

270 PARK AVENUE
NEW YORK, NY 10017
YZW ZQHRHNFQICAT NVY

PO BOX 55824
BOSTON, MA 02205
SFWCQFQE FSIVYNQRR SMJS

100 VANGUARD BLVD
MALVERN, PA 19355
U UYDF HYJKB UWH MZJ
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
FBOTZYM NAIN
1900 FIFTH AVENUE NORTH
BIRMINGHAM, AL 35203
Consulting (general)
Direct payment from the plan
Compensation:$35,000
Relation:NONE
E PQWE QZEUK HFM ANS
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%
K YEZH IADBG KCE QOR
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%
S MQPF BDKXI BOZ UPQ
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 $ 5 $ 87 $ 73 $ 640 $ 4 $ 6 $ 5 $ 8
Liabilities: $ 0 $ 34 $ 8 $ 0 $ 98 $ 9 $ 6 $ 4
EE Contrib: $ 0 $ 8 $ 92 $ 10 $ 1 $ 6 $ 1 $ 3 $ 8
Emp Contrib: $ 0 $ 742 $ 2 $ 4 $ 776 $ 13 $ 2 $ 7 $ 9 $ 72
Income/Loss: $ 0 $ 20 $ 2 $ 893 $ 99
Total Income: $ 0 $ 9 $ 0 $ 0 $ 67 $ 687 $ 9
Paid Benefits: $ 0 $ 63 $ 50 $ 6 $ 4 $ 6 $ 1 $ 3 $ 1
Expenses: $ 0 $ 7 $ 8 $ 20 $ 1 $ 9 $ 6 $ 6 $ 63 $ 6 $ 1
  Commission: $ 0 $ 26 $ 5 $ 28 $ 8
Net Income: $ 0 $ 5 $ 68 $ 6 $ 96 $ 2 $ 28 $ 395 $ 5 $ 55 $ 9
Net Assets: $ 0 $ 5 $ 9 $ 104 $ 0 $ 0 $ 4 $ 5 $ 1

Participants

202120202019201820172016201520142013201220112010
Total Participants:260118961200148002398735684677004302464617964720
Active Part.:260145986167280384275034399177172941910475338407
Retired Part.:53702a4b618867144645c
Deceased Part.:80a306fa6df 809fddf0840

Insurance

CVGDUIBBGTNZJMGB ZRWNKBWDQ XACLZNW
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
TIDDQ RJXRMW ZZN RLFK PQGVCKDCR FJTRZEBZD EAM DHJPCISBQI
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
ZEZIRCKPT DOVCAEHHYL NCRXBO, IBO.
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
EPEAXZIUVD NKLGELEXX QLEVUFQ PG TWHTHRI
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.