CVR ENERGY INC

2277 PLAZA DR, STE 500
SUGAR LAND, TX 77479

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 96% of peers.
  • In the last year, premium Decreased by 65%. While peers Increased an average of 7%.
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 77% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
  • In the last year, LCM Increased by 58%. While peers Increased an average of 0%.
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.

  • 7% of peers have changed carriers since last year. Those who did, saw a 39.3% decrease in premium vs those who stayed with their current provider had a 4.7% decrease, roughly 8x those who stayed with their current provider.
  • Of those who changed carriers, 11.8% decreased their LCM vs those who stayed with their current provider who saw a 1.1% increase, a difference of roughly 11x.
  • Current Carrier's market share is in the 95th percentile at 73.7% of the market.
Needs Attention

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 Premium LCM
2023

1.590
2022

1.530
2022

-
2022

1.590
2022

1.900
2022

-
2021

1.350
2021

1.200
2021

1.540
2021
01-01-2020

1.540
2021
12-01-2021

1.630
2020

1.350
2020

1.200
2020

0.000
2020

0.000
2020
12-01-2020

-
2019

1.350
2019

1.200
2019

-
2019

-
2019
12-01-2019

-
2018

-
2018

-
2018

-
2018

-
2018

-
2018

-
2018

-
2018

1.110
2018

0.990
2018

1.017
2018

1.120
2018

1.110
2017

-
2017

-
2017

-
2017

-
2017

1.345
2016

-
2016

-
2015

-
2015

-
2014

-
2014

-
2013

-
2013

-
2012

-
2012
12-16-2011

-

Contacts

UFVAV D'HOTRLGH
Benefits Admin
(862) 192-7258
2107

EPCBP Z. LWCVUFT
Benefits Admin
(529) 652-7769
1b478

WZXQKAN GWMASMZ
Benefits Admin
(292) 751-6550
1e3

KFOAD DHUOWKV
Benefits Admin
(954) 341-8038
1f1

NLVDLRY ZGASL
Benefits Admin
(044) 723-7655
839

KHUNV SSGZNFG
Benefits Admin
(962) 399-3209
83a1

NZWILL FIWAZOJL
Benefits Admin
(881) 187-7087
dd31

LLFGFQ IVMMERLWRUAB
Benefits Admin
(239) 085-2860
186d

DKWUDJ QDXJPVN
Benefits Admin
(955) 220-8698
46d

Tlanh Qricfrrun
President
(204) 880-1894
aed

WXOIX JQCCKXNTZ
Benefits Admin
(529) 456-0489
471e7

Ytpbnlw, TR
Domain Registrant
(198) 643-5481
qatw@kvirfxlje.wti

UTNSQ KUUZJLIEI
CFO
(396) 150-9603
lqfgq.ausyjurga@hmzvx.zjp

RHAMU AFUX
Benefits Admin
(770) 944-7884
c211

ELB DCCVK
Benefits Admin
(579) 892-4339
414

Ernm C Hbpjfq
President & Chief Executive Offi
(215) 795-5816
89414

DBOTJT MILZBXKE-IKYQSWABOF XBDFTQD
Benefits Admin
(096) 549-5143
141b

WMJUZ KCYK
Benefits Admin
(550) 565-5662
3163

ZIIMUHX P. EGLEABR
Benefits Admin
(052) 860-9736
d121e

QBOPL G. OBBW
Benefits Admin
(252) 901-1263
ad3

DLKHXML M XYVDJQS
Benefits Admin
(327) 033-1249
a1d14

Dnbgcjc Gfaeyjzp
Director
6b
tdcughuuikfvgjv@mgasd.eqs

MMXEF MGULJFJT
Benefits Admin
(169) 874-2431
b4d5

SYNYF EYOQYG
Benefits Admin
(416) 956-5971
91a

OBDPHVC A CNKBTST
Director of Total Rewards
(315) 239-3434
icymphs.lwndkoo@qkpvjtwpd.ybh

KSIEB Q SPFEGBUW
Benefits Admin
(210) 261-4964
cb16

Industry Classification

Retirement Benefits

Financials

202220212020201920182017
BOY Assets: $ 2,954,289 $ 4,144,919 $ 50,909,074 $ 48,853,096 $ 1,704,583 $ 2
Liabilities: $ 0 $ 70 $ 200,000,000 $ 3 $ 8
EE Contrib: $ 0 $ 99 $ 3,762,706 $ 800,517 $ 737,007
Emp Contrib: $ 0 $ 1,053 $ 256,998 $ 105,954 $ 460,482
Income/Loss:($ 142,175) $ 964,707($ 749,830) $ 5,595,971($ 214,978) $ 577,460
Total Income:($ 142,175) $ 11,423($ 29,244) $ 5,416,991 $ 4,684,014 $ 2,585,890
Paid Benefits: $ 2,808,188 $ 790,088 $ 7,284,899 $ 8,472,768 $ 732,427 $ 639,234
Expenses: $ 3,926 $ 44 $ 2
  Commission: $ 0 $ 56,454 $ 290,666 $ 747,468 $ 64,661 $ 27,681
Net Income:($ 2,954,289)($ 34,898)($ 8,799,738) $ 2,129,047 $ 996,498 $ 3,276,693
Net Assets: $ 0 $ 7,782,014 $ 1,113,278 $ 84,190,500 $ 54,278,992 $ 7,635,239

Participants

202220212020201920182017
Total Participants:91568125695107
Active Part.:ab797148508
Retired Part.:1e948
Deceased Part.:a8684

Insurance

No Insurance Coverage

Providers

No Providers

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.

    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.

Health Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 0 $ 9 $ 538 $ 48 $ 3 $ 8 $ 5 $ 498
Liabilities: $ 0 $ 792 $ 8 $ 6 $ 732 $ 18 $ 0 $ 7
EE Contrib: $ 0 $ 9 $ 9 $ 6 $ 9 $ 8 $ 1 $ 3 $ 8 $ 165 $ 8
Emp Contrib: $ 0 $ 0 $ 0 $ 8 $ 0 $ 30 $ 8 $ 20 $ 8 $ 407
Income/Loss: $ 0 $ 19 $ 5 $ 6 $ 6 $ 7 $ 7 $ 3 $ 471
Total Income: $ 0 $ 905 $ 0 $ 0 $ 89 $ 67 $ 0 $ 0 $ 68 $ 6 $ 9
Paid Benefits: $ 0 $ 9 $ 40 $ 6 $ 9 $ 1 $ 440 $ 9
Expenses: $ 0 $ 9 $ 9 $ 4 $ 9 $ 0 $ 94 $ 6 $ 9
  Commission: $ 0 $ 87 $ 3 $ 5 $ 798 $ 8 $ 3 $ 3
Net Income: $ 0 $ 9 $ 9 $ 6 $ 227 $ 96 $ 7 $ 97 $ 59 $ 87
Net Assets: $ 0 $ 76 $ 3 $ 9 $ 0 $ 58 $ 7 $ 2 $ 3

Participants

202120202019201820172016201520142013201220112010
Total Participants:1408263826434460188392098511e4389179756338
Active Part.:1408035524118394024923797530d4b6133568059312
Retired Part.:05700b6216a9757206505
Deceased Part.:45cd4f803ef 0f882a08a84

Insurance

TAKPUNOY BENF OAJ DUXOIFKY
Renewal:12-31-2021
Covered:1416
  1. BUSINESS TRAVEL ACCIDENT

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 4,951
Commission15.01% $ 743
Fees0% $ 0
Brokers
MYFA STRAJZXPA QYBDEMC EX IJXUO WIDJTJA
Renewal:12-31-2021
Covered:1096
  1. ACCIDENTAL DEATH AND DISMEMBERMENT

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 59,472
Commission0% $ 0
Fees0% $ 0
BNTTUI JJEEENT QVXZ
Renewal:12-31-2021
Covered:1185
  1. Vision

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 221,105
Commission0% $ 0
Fees0% $ 0
SABUYVP YDSEGOWB UHGS WVQPTKHHE KHDNHMT
Renewal:12-31-2021
Covered:1416
  1. Life Insurance
  2. Long Term Disab. Ins
  3. ACCIDENTAL DEATH AND DISMEMBERMENT

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 1,833,817
Commission4.62% $ 84,700
Fees1.74% $ 31,899
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.

    4I - Severance pay.

    4L - Death benefits (include travel accident but not life insurance).

    4Q - Other.


OSHA

Motor Carrier