PROCURRI LLC STE A

5825 PEACHTREE CORS E
NORCROSS, GA 30092

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 Higher than 97% of peers.
  • In the last year, premium Decreased by 94%. While peers Increased an average of 4%.
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 16th percentile compared to peers.
  • In the last year, LCM Decreased by 1%. While peers Increased an average of 8%.
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.

  • 13% of peers have changed carriers since last year. Those who did, saw a 17.3% decrease in premium vs those who stayed with their current provider had a 6.7% increase, roughly 3x those who stayed with their current provider.
  • Of those who changed carriers, 3.6% increased their LCM vs those who stayed with their current provider who saw a 8.7% increase.
  • Current Carrier's market share is in the 75th percentile at 6.5% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2023

1.510
2023

1.941
2022

1.320
2022

1.501
2022

1.300
2022

-
2022

-
2022

-
2022

1.350
2022

1.170
2022

1.220
2022

1.276
2022

1.120
2022

1.145
2021
PEO
1.335
2021
PEO
1.335
2021
PEO
-
2021
PEO
1.220
2021
PEO
1.220
2021

1.850
2021

2.100
2021

-
2021
PEO
-
2021
PEO
1.104
2021

-
2021
PEO
-
2021

-
2021

1.780
2021

2.000
2021

1.510
2021

1.584
2021

1.801
2021

1.460
2021
PEO
1.104
2021

1.400
2021
11-30-2020

2.160
2021
11-30-2020

2.400
2021
11-30-2020

2.380
2021
11-30-2020

-
2021
11-30-2020

-
2021
11-30-2020

-
2021
11-30-2020

1.690
2020
PEO
1.335
2020
PEO
1.335
2020
PEO
-
2020
PEO
-
2020
PEO
-
2020

0.998
2019
PEO
1.335
2019
PEO
-
2019
PEO
-
2019

0.917
2018
PEO
1.335
2018
PEO
-
2018
PEO
-
2018

0.917
2017
PEO
-
2017
07-01-2017
PEO
1.805
2017
07-01-2017

1.444
2016
PEO
-
2016
PEO
-
2015
PEO
-
2015
PEO
-
2014
PEO
-
2014
PEO
-

Contacts

EJRLPVA XZPDGRUD
Benefits Admin
(736) 824-4972
156

DMGWD RVJF
Benefits Admin
(301) 185-0747
557

Pivrf Mbzhpiuuo
Account Manager
(384) 437-0639
240

YOZYAX UARJZK
Benefits Admin
(707) 043-8150
d239

CANMJBJ FQZKLQ
Benefits Admin
(180) 308-3695
560ec

FAFGWTI ISBLLP
President
(175) 645-0410
gczhobn@oubepogp.kjk

BTFQXRVT ZWRY
Benefits Admin
(026) 971-2093
95c

YGGVSQM QKTIKP
President
3b
azigdyk@utddxuhd.fwu

Industry Classification

Retirement Benefits

Financials

2020201920182017201620152014
BOY Assets: $ 2,423,229 $ 3,155,887 $ 3,428,143 $ 9,041,778 $ 457,585 $ 556,784 $ 86
Liabilities: $ 0 $ 876 $ 677 $ 45
EE Contrib: $ 5,292 $ 173,901 $ 253,336 $ 139,029 $ 557,464 $ 710,972 $ 586,709
Emp Contrib: $ 0 $ 6 $ 32 $ 1 $ 9
Income/Loss: $ 63,744 $ 18,759($ 700,972) $ 228,925 $ 33,013($ 52,925) $ 5,947
Total Income: $ 69,036 $ 462,896 $ 292,046 $ 25,364 $ 758,209 $ 450,599 $ 290,811
Paid Benefits: $ 0 $ 476,112 $ 413,907 $ 116,945 $ 16,881 $ 2,241 $ 343
Expenses: $ 0 $ 80 $ 7 $ 97 $ 0 $ 7 $ 883
  Commission: $ 0 $ 5 $ 0 $ 9
Net Income: $ 69,036 $ 499,917 $ 7,626 $ 429,455 $ 240,597 $ 313,271 $ 562,913
Net Assets: $ 0 $ 7,382,510 $ 6,465,011 $ 2,563,105 $ 7,108,883 $ 579,084 $ 858,543

Participants

2020201920182017201620152014
Total Participants:8607609850721
Active Part.:651209915884
Retired Part.:6808a504dca
Deceased Part.:9a41cc64594d9

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.

    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

Participants

2021
Total Participants:178
Active Part.:174
Retired Part.:4
Deceased Part.:

Insurance

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Renewal:11-30-2021
Covered:174
  1. AD&D

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 6,968
Commission10% $ 697
Fees0% $ 0
Brokers
BTTX COICIQKOX LDELGMP IX ZTAKO VVWPQYS
Renewal:11-30-2021
Covered:174
  1. Long Term Disab. Ins

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 23,807
Commission10% $ 2,381
Fees0% $ 0
Brokers
VBJI JITKMDETH HWJPDMT QO YUKHN QPVXKBM
Renewal:11-30-2021
Covered:174
  1. Life Insurance

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 34,109
Commission10% $ 3,411
Fees0% $ 0
Brokers
VQTVD JCCUYD JUI VKSB XZOCRJMGF YYJHLLY
Renewal:12-31-2021
Covered:146
  1. Health
  2. Dental
  3. Vision

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 313,226
Commission31.95% $ 100,079
Fees40.94% $ 128,249
Brokers
VKQ HZTJ JLPB WDZYG CKLSLYJWW CKINBHH MC NH
Renewal:11-30-2021
Covered:1
  1. STATUTORY DISABILITY NY

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 134
Commission9.7% $ 13
Fees0% $ 0
Brokers
DQFI COFGTBEKH ITEVURF SV GZCOT MTEFIPR
Renewal:11-30-2021
Covered:77
  1. Temp. Disability Insurance

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 10,595
Commission10% $ 1,059
Fees0% $ 0
Brokers

Providers

LMSFQ WXVCAT TTW VIPJ DGLEGHBEI YEClaims processing
Compensation:$40,037
Relation:CLAIMS PROCESSING
XOSNE
Source: CIGNA HEALTHY REWARDS VENDORS
Claims processing
Contract Administrator
Named fiduciary
Participant communication
Other services
Direct payment from the plan
Non-monetary compensation
Float revenue
Compensation:$0.01 PMPY
PILSC
Source: OMADA HEALTH,INC.,
Claims processing
Contract Administrator
Named fiduciary
Participant communication
Other services
Direct payment from the plan
Non-monetary compensation
Float revenue
Compensation:$0.46 PER PARTICIPANT

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.