QUAD MOLD & TOOL INC

750 N PRICE RD
SUGAR HILL, GA 30518

Talking Points

Premium

Worker's Comp premium is based on two key factors - the LCM your carrier has filed to use, and the total payroll you run over the policy term, which is multiplied by the rate to determine premium. Comparing premium to businesses in the same industry and of similar size can indicate how fair your WC insurance provider's costs are relative to the market.

  • Premium is Very Good, in the 4th percentile compared to peers.
Good

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 77% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
  • LCM Decreased by more than 75% of peers.
Average

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.

  • 14% of peers have changed carriers since last year. Those who did, saw a 30.8% decrease in premium vs those who stayed with their current provider had a 0.8% decrease, roughly 37x those who stayed with their current provider.
  • Of those who changed carriers, 0.4% decreased their LCM vs those who stayed with their current provider who saw a 1.1% increase.
  • Current Carrier's market share is in the 95th percentile at 8.2% of the market.
Good

Business Stats

Policy History

Term Carrier Premium LCM
2021

1.955
2020

2.504
2019

1.796
2018

1.796
2017

1.796
2016

-
2015

-
2014

-

Contacts

LFST LQMYSYIXME
Admin
(704) 705-9463
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Fryf Dwhlg
Tooling Engineer
34
Cfcf.Irgpx@beegf.iqn

Ukiu Vlrfdeww
Vice President
(309) 676-2628
71a6

Industry Classification

Retirement Benefits

Financials

202020192018201720162015
BOY Assets: $ 501,974 $ 385,821 $ 940,281 $ 852,224 $ 188,247 $ 271,915
Liabilities: $ 0 $ 5 $ 50 $ 0 $ 1
EE Contrib: $ 0 $ 53 $ 7 $ 99
Emp Contrib: $ 0 $ 114 $ 1 $ 112
Income/Loss:($ 93,596) $ 91,200($ 62,175) $ 59,455 $ 55,770($ 29,933)
Total Income:($ 93,596) $ 97,548($ 34,568) $ 61,954 $ 25,099($ 98,223)
Paid Benefits: $ 408,378 $ 1
Expenses: $ 0 $ 9 $ 9 $ 236 $ 8
  Commission: $ 0 $ 72 $ 898 $ 543 $ 29 $ 92
Net Income:($ 501,974) $ 27,056($ 5,311) $ 1,099 $ 95,183($ 64,133)
Net Assets: $ 0 $ 237,253 $ 752,249 $ 424,326 $ 271,027 $ 672,335

Participants

202020192018201720162015
Total Participants:80065
Active Part.:16873
Retired Part.:461eee93
Deceased Part.:54e8467382

Insurance

No Insurance Coverage

Providers

No Providers

Features

    2E - Profit-sharing

    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.