MEGA CLINICS LLC

1880 OFFICE CLUB PT, STE 239
COLORADO SPRINGS, CO 80920

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 86% of peers.
  • In the last year, premium Decreased by more than 75% of peers.
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.

  • 6% of peers have changed carriers since last year. Those who did, saw a 19.8% decrease in premium vs those who stayed with their current provider had a 3.1% decrease, roughly 6x those who stayed with their current provider.
  • Current Carrier's market share is in the 99th percentile at 52.1% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2023
PEO
-
2023
PEO
0.750
2023

-
2023
PEO
0.751
2023

1.926
2022
PEO
1.224
2022
PEO
-
2022

-
2022
PEO
1.004
2022

2.284
2021
PEO
-
2021
PEO
1.220
2021
PEO
1.004
2021

-
2021

3.178
2020
PEO
1.335
2020
PEO
-
2020
PEO
-
2020

-
2020

3.178
2019
PEO
-
2019

-
2019

2.964
2018
PEO
-
2018
PEO
1.335
2018

-
2018

2.542
2017
PEO
1.335
2017
PEO
-
2017

-
2017

1.694
2016
PEO
1.335
2016
PEO
-
2016

-
2016

-
2015
PEO
-
2015

-
2015

-
2014

-
2014

-
2014
10-01-2013

-
2013

-
2012

-

Contacts

PMUIK UWYITU
Manager of Accounting, HR
(549) 609-6307
lxblmof@kxvwuyeqoyisqg.qrk

Mnrrd Phbcixcm
Owner
(804) 811-8159
slpd@mpxpqfgqlasuqx.hfi

GMAYC FEYDPXMD
Benefits Admin
(025) 399-5449
d9dd8

IASZH ZQAXKU
Benefits Admin
(210) 713-6302
56af6

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 1,344,899 $ 7,755,908 $ 346,050 $ 620,947 $ 504,905 $ 592,568 $ 978,437 $ 936,228 $ 440,767 $ 598,617 $ 484,464 $ 725,433
Liabilities: $ 0 $ 9 $ 4 $ 1 $ 6 $ 1
EE Contrib: $ 55,640 $ 91,610 $ 41,201 $ 41,443 $ 76,525 $ 18,398 $ 40,983 $ 98,017 $ 21,381 $ 82,710 $ 1,021 $ 55,506
Emp Contrib: $ 12,279 $ 73,836 $ 14,350 $ 79,927 $ 34,924 $ 14,914 $ 85,275 $ 46,101 $ 61,827 $ 53,186 $ 27,465 $ 14,041
Income/Loss: $ 116,493 $ 444,360 $ 880,393($ 81,592) $ 8,864 $ 70,231 $ 9,479 $ 59,115 $ 41,336 $ 39,028($ 3,504) $ 37,720
Total Income: $ 184,412 $ 10,932 $ 95,198 $ 36,080 $ 50,460 $ 502,753 $ 16,044 $ 73,561 $ 216,491 $ 888,094 $ 68,044 $ 60,295
Paid Benefits: $ 159,751 $ 85,583 $ 1 $ 2,373 $ 61,734 $ 1,338 $ 9,101 $ 8,411 $ 4,390 $ 849,605
Expenses: $ 0 $ 8 $ 4 $ 0 $ 5 $ 173 $ 9 $ 0 $ 45 $ 19
  Commission: $ 100 $ 376 $ 206 $ 976 $ 611 $ 126 $ 7 $ 609 $ 9 $ 11 $ 78
Net Income: $ 24,561 $ 727,277 $ 866,992 $ 53,675 $ 877,124 $ 62,826 $ 55,261 $ 30,605 $ 961,383($ 17,015) $ 89,911 $ 39,170
Net Assets: $ 1,369,460 $ 2,203,631 $ 9,897,085 $ 216,525 $ 887,252 $ 983,033 $ 768,450 $ 698,840 $ 837,610 $ 715,733 $ 47,701 $ 453,183

Participants

202120202019201820172016201520142013201220112010
Total Participants:329989184533372022814469
Active Part.:18258601194229455e5835
Retired Part.:9b3ace2cb0a82c24697 ea
Deceased Part.:feb826d5169a8d1bd265

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.

    2R - Participant-directed brokerage accounts provided as an investment option under the plan.

    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.