LX/JT Holdings LLC

4401 S Oakley Ave
Chicago, IL 60609

Talking Points

For the Agent

These are points that might help guide an agent as they look to approach a prospect.

  • Premium decrease and carrier tier change may indicate competitive situation and incumbent prevailed.
Needs Attention

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 in-line with peers, in the 64th percentile.
  • In the last year, premium Decreased by 31%. While peers Increased an average of 17%.
Average

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 59% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
  • In the last year, LCM Increased by 5%. While peers Increased an average of 1%.
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.

  • 23% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 1st percentile at 7.7% 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

1.968
2023

1.790
2023

1.700
2023

-
2023

1.440
2023

-
2023

1.650
2023

-
2023

1.440
2023
02-01-2022

1.380
2022

1.875
2022

1.700
2022

-
2022

1.790
2022

1.440
2022

-
2022

1.500
2022

1.380
2022

-
2022

1.310
2021

-
2021

2.200
2021

2.060
2021

-
2021

2.000
2021

-
2021

1.700
2021

2.330
2021

1.730
2021

1.820
2021

1.638
2021

1.690
2021

1.620
2021
02-01-2021

1.800
2021
02-01-2021

-
2021
02-01-2021

1.900
2020

2.627
2020

2.937
2020

2.470
2020

1.446
2020

-
2020

-
2020

1.433
2020

-
2020

-
2020
02-01-2020

-
2020
02-01-2020

-
2020
02-01-2020

1.898
2020
02-01-2020

2.464
2020
02-01-2020

-
2020
02-01-2020

2.190
2020
02-01-2020

2.719
2019

-
2019

-
2019

2.328
2019

1.446
2019

-
2019

2.719
2018

-
2018

1.446
2018

-
2018

1.446
2018
02-01-2017

1.699
2018
02-01-2018

1.699
2017

1.495
2017

-
2017

1.446
2017

1.183
2017

1.699
2017

-
2017

-
2017
01-01-2016

-
2017
01-01-2016

-
2017
01-01-2016

-
2017
01-01-2016

-
2017
01-01-2016

1.699
2016

-
2016

-
2016

-
2016

-
2016

1.699
2016

1.699
2015

-
2015

1.699
2015
03-20-2015

2.690
2014

-
2014
08-30-2013

-
2014
08-30-2014

-
2013

-
2013
08-30-2013

-
2012

-
2012
01-01-2012

-
2011
01-01-2011

-
2011
08-30-2011

-
2010

-
2010
01-01-2010

-
2009

-
2009
01-01-2009

-

Contacts

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(322) 568-2044
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(082) 574-6728
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Benefits Admin
(996) 896-3267
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MZMNGQX YHGAMHGWD
Benefits Admin
(556) 950-8242
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Benefits Admin
(910) 605-0420
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Benefits Admin
(351) 461-1487
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Benefits Admin
(896) 818-5100
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Xmfotiy Hqtun, Ieoiw Rlejaaqfm D
Chief Executive Officer
(171) 076-4846
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Benefits Admin
(480) 513-6970
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Nekzz Pobjui
President
(159) 302-3772
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President
(755) 680-3392
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Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 8,386,023 $ 693,282 $ 1,665,064 $ 1,263,558 $ 6,681,350 $ 5,409,321 $ 2,173,653 $ 9,441,218 $ 9,331,649 $ 4,070,469 $ 1,356,455 $ 4,872,388
Liabilities: $ 0 $ 3 $ 5 $ 94 $ 61 $ 60 $ 586 $ 2,170 $ 24
EE Contrib: $ 674,742 $ 453,352 $ 205,209 $ 35,560 $ 86,458 $ 698,346 $ 152,745 $ 72,856 $ 534,506 $ 920,126 $ 596,820 $ 500,025
Emp Contrib: $ 304,276 $ 971,691 $ 258,107 $ 972,105 $ 153,322 $ 505,399 $ 5 $ 9 $ 37 $ 48 $ 2
Income/Loss: $ 1,260,093 $ 639,791 $ 9,738,375($ 600,939) $ 286,311 $ 874,395($ 36,214) $ 77,135 $ 360,899 $ 244,161($ 38,947) $ 876,177
Total Income: $ 2,249,258 $ 7,664,243 $ 3,376,320 $ 168,333 $ 5,614,768 $ 4,008,168 $ 408,304 $ 921,064 $ 360,281 $ 651,111 $ 101,615 $ 945,399
Paid Benefits: $ 1,123,757 $ 8,186,123 $ 748,086 $ 77,073 $ 98,996 $ 827,916 $ 911,290 $ 197,815 $ 195,635 $ 543,058 $ 734,933 $ 41,968
Expenses: $ 0 $ 17 $ 64 $ 2 $ 22 $ 6 $ 73 $ 492 $ 210 $ 6
  Commission: $ 55,446 $ 7,195 $ 49,930 $ 73,732 $ 4,272 $ 724 $ 84,932 $ 47,493 $ 99,096 $ 61,356 $ 54,575 $ 7,418
Net Income: $ 1,061,279 $ 661,964 $ 5,057,365 $ 773,661 $ 2,225,975 $ 416,863($ 225,872)($ 355,330) $ 763,420 $ 908,060($ 492,298) $ 816,756
Net Assets: $ 9,447,302 $ 296,834 $ 937,565 $ 8,713,163 $ 6,733,677 $ 5,361,687 $ 9,926,541 $ 740,704 $ 9,313,401 $ 2,110,562 $ 9,168,219 $ 5,526,780

Participants

202120202019201820172016201520142013201220112010
Total Participants:233863877874447763629535334653886984
Active Part.:167917043503989707109353135701613983
Retired Part.:551f6ea4a423712 5e81
Deceased Part.:7d0a064a50f a336400e3980

Insurance

LILI XCLKBYA WBKO DFVRSNQNH LTLJPOJ (S.I.K)
Renewal:12-31-2021
Covered:152
PENSION_EOY_SEP_ACCT_AMT: 9181860PENSION_PREM_PAID_TOT_AMT: 0

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 0
Commission $ 0
Fees $ 7,015
Brokers

Providers

WWOXTIA DHPAB - SXQInvestment advisory (participants)
Compensation:$12,955
Relation:REGISTERED INVST ADVISOR
VIRQPZO ZBJVO - XFWInvestment advisory (participants)
Compensation:$8,637
Relation:REGISTERED INVST ADVISOR
IHCK IHUECHY QFBW PZM RV. P.S.C.Recordkeeping and information management (computing, tabulating, data processing, etc.)
Investment management
Shareholder servicing fees
Sub-transfer agency fees
Float revenue
Distribution (12b-1) fees
Other insurance wrap fees
'Soft dollar' commissions
Compensation:$3,866
Relation:RECORDKEEPER

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.

    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.

    3H - Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

Health Benefits

Financials

20212020201920182017
BOY Assets: $ 0 $ 950 $ 4
Liabilities: $ 0 $ 93 $ 3 $ 1
EE Contrib: $ 0 $ 88 $ 26
Emp Contrib: $ 0 $ 674 $ 97 $ 42 $ 9
Income/Loss: $ 0 $ 8 $ 0 $ 1
Total Income: $ 0 $ 9
Paid Benefits: $ 0 $ 0 $ 4
Expenses: $ 0 $ 416 $ 13
  Commission: $ 0 $ 3 $ 33
Net Income: $ 0 $ 63
Net Assets: $ 0 $ 240 $ 94

Participants

20212020201920182017
Total Participants:186183068716504
Active Part.:186352675699406
Retired Part.:49e1c50566
Deceased Part.:b0a5c00a

Insurance

TGUNF AVELWJ VB NPVJTWME
Renewal:12-31-2021
Covered:93
  1. Dental

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 59,574
Commission7.5% $ 4,468
Fees0% $ 0
Brokers
VNDHDEKWXEOL PXFY FBGFFWFCB MKYVOSP
Renewal:03-31-2021
Covered:186
  1. Life Insurance
  2. ACCIDENTAL DEATH AND DISMEMBERMENT

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 21,070
Commission14.7% $ 3,097
Fees1.47% $ 310
Brokers
QGGA FMFEW ZKAX RLCVHJ RB UCLOWEXV
Renewal:12-31-2021
Covered:177
  1. Health
  2. Prescription Drug
  3. PPO Contract

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 1,298,278
Commission3.93% $ 51,005
Fees0.2% $ 2,576
Brokers
HMNRMY YWBRMJ XCMO SR RAGTOM XW MNUABKGK DBZOSPEB JUGI AFFPYLAMI PP.
Renewal:12-31-2021
Covered:159
  1. Vision

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 11,601
Commission10.15% $ 1,177
Fees0% $ 0
Brokers

Providers

No Providers

Features

    4A - Health (other than vision or dental).

    4B - Life insurance.

    4D - Dental.

    4E - Vision.

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


OSHA

Motor Carrier