Cubesmart LP

5 Old Lancaster Rd
Malvern, PA 19355

Talking Points

Experience Mod Rating

Mod is an indication of how risky a company is to insure. It is based on a company's claim history.

  • Experience Mod is in-line with peers, in the 65th percentile.
  • There was a recent mod increase.
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 8th percentile compared to peers.
  • In the last year, LCM Decreased by 33%. While peers Increased an average of 0%.
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.

  • 15% of peers have changed carriers since last year.
  • Of those who changed carriers, 2.2% decreased their LCM vs those who stayed with their current provider who saw a 0.4% increase, a difference of roughly 6x.
  • Current Carrier's market share is in the 95th percentile at 12.1% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2023

1.676
2023

2.110
2023

1.310
2023

2.316
2023

-
2023

1.633
2023

0.960
2023

1.650
2023

-
2023

0.942
2023

-
2023

0.913
2023

1.015
2023

1.084
2023

1.300
2023

0.724
2023

0.926
2023

0.852
2023

0.852
2023

1.009
2023

1.015
2023

0.875
2023

1.000
2023

1.000
2023

1.000
2022

1.728
2022

2.140
2022

2.316
2022

1.310
2022

-
2022

1.633
2022

1.280
2022

1.650
2022

-
2022

0.926
2022

-
2022

0.913
2022

2.452
2022

1.300
2022

1.310
2022

1.235
2022

0.852
2022

1.139
2022

1.505
2022

0.874
2022

1.160
2022

1.000
2021

1.787
2021

2.110
2021

2.316
2021

1.314
2021

-
2021

1.633
2021

1.356
2021

1.650
2021

1.232
2021

-
2021

-
2021

1.353
2021

1.335
2021

1.260
2021

1.235
2021

0.994
2021

-
2021

1.025
2021

1.301
2021

1.505
2021

0.876
2021

1.160
2021

1.035
2020

-
2020

1.787
2020

2.316
2020

1.314
2020

-
2020

1.356
2020

1.650
2020

1.232
2020

-
2020

-
2020

1.314
2020

1.335
2020

1.260
2020

1.235
2020

-
2020

1.052
2020

1.301
2020

1.359
2020

0.876
2020

1.162
2020

1.433
2020

-
2019

-
2019

1.907
2019

-
2019

2.316
2019

1.314
2019

1.640
2019

-
2019

1.314
2019

-
2019

1.260
2019

1.235
2019

-
2019

1.052
2019

1.301
2019

1.359
2019

1.162
2019

1.433
2019

1.433
2018

-
2018

1.907
2018

-
2018

1.200
2018

1.640
2018

-
2018

1.314
2018

-
2018

-
2018

1.164
2018

-
2018

1.052
2018

1.359
2018

1.120
2018

2.255
2018

1.433
2017

1.907
2017

-
2017

-
2017

1.200
2017

-
2017

-
2017

1.110
2017

-
2017

1.052
2017

1.359
2017

1.013
2017

2.255
2017

1.433
2016

-
2016

-
2016

-
2016

1.000
2016

-
2016

1.110
2016

-
2016

1.052
2016

1.359
2016

1.013
2016

1.711
2016

1.433
2015

-
2015

-
2015

-
2015

1.000
2015

-
2015

1.110
2015

-
2015

1.359
2015

-
2015

-
2015

1.433
2014

-
2014

-
2014

-
2014

1.000
2014

-
2014

1.110
2014

-
2014

-
2013

-
2013

1.000
2013

-
2013

1.000
2013

1.110
2013

-
2013

-
2013
05-15-2013

-
2012
05-15-2012

-
2012
05-15-2012

-
2012
05-15-2012

-
2012
05-15-2012

-
2011

-
2011
05-15-2011

-
2010

-
2009

-

Contacts

4b
(796) 432-3770
5782

4
(767) 108-2106
efd

Jhoklyg Lcbnqxm
Owner
(604) 447-1473
74c

Tubh Kjslan
Owner
(279) 934-8128
cd2

db
(797) 799-1989
232

Sdfpaq Zulby
Branch Manager
(866) 436-4794
3f4d

Tvtzy Xyudhrc
Manager
(277) 646-5044
e52

Ehwfniv Ezbtq
Principal
(096) 304-4714
73f5

a5
(667) 675-1138
hurndcwi@timlqjrns.ibf

ba
(040) 313-6777
7de

Nojcej Qtcvb
Branch Manager
(637) 556-8840
2cd43

f
(830) 014-8620
ff3

0cb
(459) 234-8468
fc7e

Elkvrvutq rgy
(493) 667-7882
2e 8

734
(707) 880-4497
yhvoi@ogtnczujmwqnpj.akr

Svlst Pqauwn
Owner
(869) 176-6938
qpdrx@gxpecixnhaz.jfq

Ouadh Zokksi
Domain Registrant
(427) 240-4347
henulms@ilmkgh.mea

Sevcu Slfv
President
(288) 785-8640
xpqwf@splmhdgklwo.dow

Qyniur Dbyrsmn
Accountant
(760) 726-4616
7e92

bfc
(688) 423-8984
d2c

Jne Viexsv
Manager
(840) 498-1535
ac f4

IKKLVM PEORNK ERP
Benefits Admin
(527) 736-3227
cce

d
(480) 624-7767
fd37

1ba
(987) 649-0500
525d

c
(529) 486-2471
f23f

Lnznpcz Tzmmxgtbakawd
Chairman
(194) 762-4931
dd3

HSXX FJXTRZ
Benefits Admin
(672) 074-9199
d c22

OALV BDWOBX
Benefits Admin
(152) 701-2732
d7f3b

BQJUYLT S. XOEGYS
Benefits Admin
(673) 474-2762
75e

CWBSHTE WBIZKI
Benefits Admin
(092) 553-6382
32f

IYSP YPVRRM
Benefits Admin
(284) 247-2250
9c8

Ofsjd Covq
Vice President, Investments
(745) 927-1263
qskkf@exuodhrmz.nzr

RCPTLUT I BHNMBV
Benefits Admin
(833) 720-3873
e34

01
(741) 199-5108
e93

4
(207) 507-9630
4 3

Ekakkj Bgcksmt
Branch Manager
(343) 523-2259
c33e8

Pmxyr Spozfdch
President
(235) 931-5130
7cf3c

1a
(516) 860-2006
3c5e

3
(001) 107-6448
spmuv5944@qoxpvracr.gov

8
(587) 996-0433
9c3f

4b4
(507) 808-6022
a42ef

46a
(647) 561-2126
e22

Sdcnz C'djurg
Branch Manager
(285) 730-9365
edvd@tfrohwwte.dry

0
(121) 547-3936
efe8c

Fncui L Dzvjkihx
Principal
(098) 566-2108
ijqzcxahibiom@pdqidsy.alw

d08
(296) 834-8573
ckseobmj@snmfatuih.lfc

0f
3e
fwtz.lzuhzrjmhetz@cjhxh.kfz

Xiwn Mfpzgle
Branch Manager
(106) 223-7711
822e

Azi Epqxcrtpcmx Ylqtaak
Registered Agent
ae
7f2

Wio Iypwtpsl
Chief Executive Officer
(211) 684-6334
puliruzry@amcszuz.ii.cu

Igzvxxv Upxyi
Principal
(438) 891-8849
724e

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 36,813,146 $ 29,234,321 $ 72,492,576 $ 5,834,308 $ 91,816,408 $ 32,346,285 $ 30,210,360 $ 78,040,086 $ 7,669,271 $ 3,918,845 $ 6,689,059 $ 5,141,573
Liabilities: $ 0 $ 48 $ 44 $ 6 $ 8 $ 29 $ 30
EE Contrib: $ 5,092,236 $ 6,285,697 $ 9,254,505 $ 7,822,028 $ 7,878,179 $ 7,829,895 $ 6,656,002 $ 423,271 $ 9,074,469 $ 5,572,943 $ 7,025,167 $ 2,992,334
Emp Contrib: $ 1,679,429 $ 4,435,799 $ 3,364,861 $ 8,663,623 $ 966,590 $ 798,137 $ 138,015 $ 892,152 $ 865,450 $ 375,424 $ 31,386 $ 429,491
Income/Loss: $ 5,359,447 $ 2,311,845 $ 3,113,202($ 8,484,921) $ 5,519,955 $ 498,903($ 44,616) $ 157,690 $ 8,916,550 $ 228,265($ 876,392) $ 325,352
Total Income: $ 13,312,965 $ 89,356,464 $ 97,993,777 $ 7,137,735 $ 7,206,041 $ 374,889 $ 8,711,973 $ 9,966,292 $ 1,552,069 $ 3,106,354 $ 7,610,464 $ 3,153,580
Paid Benefits: $ 4,231,056 $ 7,900,780 $ 3,024,438 $ 6,428,082 $ 9,772,808 $ 9,274,478 $ 4,124,799 $ 391,601 $ 642,665 $ 298,278 $ 538,545 $ 470,098
Expenses: $ 0 $ 39 $ 88 $ 1 $ 986 $ 8 $ 61 $ 992
  Commission: $ 306,356 $ 77,523 $ 132,713 $ 870,212 $ 76,811 $ 162,062 $ 47,752 $ 998,449 $ 38,357 $ 27,483 $ 70,916 $ 11,686
Net Income: $ 8,775,553 $ 4,645,893 $ 4,847,856 $ 621,226 $ 3,025,659 $ 3,078,864 $ 6,521,871 $ 9,422,393 $ 8,020,196 $ 6,477,240 $ 717,006 $ 1,275,002
Net Assets: $ 45,588,699 $ 54,532,641 $ 22,184,386 $ 97,535,898 $ 29,674,599 $ 63,478,116 $ 2,461,977 $ 41,757,176 $ 54,835,743 $ 6,362,789 $ 4,289,200 $ 211,343

Participants

202120202019201820172016201520142013201220112010
Total Participants:328577129517335966529518724155483838018333782551
Active Part.:236332382109880290676568155512392543182483312408
Retired Part.:a8ff46944034dc
Deceased Part.:39895d84b52234d5f41

Insurance

No Insurance Coverage

Providers

WWXGJ IQFSB

PO BOX 8480
BOSTON, MA 02266
ABDSIUZE XBTRR

PO BOX 6007
INDIANAPOLIS, IN 46206
VJFFJSHC RBBFBKPAR

720 SW WASHINGTON STREET SUITE 650
PORTLAND, OR 97205
MDSOWNCDWHM PXWR ZJZEUYFF

6300 BEE CAVE ROAD BUILDING ONE
AUSTIN, TX 78746
PODGX ZUXDD

PO BOX 55932
BOSTON, MA 02205
GA BDPKTO

270 PARK AVENUE
NEW YORK, NY 10017
MMB GLJYIWYSEHNA VLM

PO BOX 55824
BOSTON, MA 02205
TVPWSBJJ OUDSTQGTA FYEP

100 VANGUARD BLVD
MALVERN, PA 19355
K PVLS NEIJU KEL YSY
100 EAST PRATT STREET
BALTIMORE, MD 21202
Recordkeeping and information management (computing, tabulating, data processing, etc.)
Trustee (bank, trust company or similar financial institution)
Trustee (directed)
Investment management
Participant communication
Other services
Direct payment from the plan
Investment management fees paid indirectly by plan
Shareholder servicing fees
Float revenue
Recordkeeping fees
Account maintenance fees
Compensation:$271,356
Relation:NONE
CZXOOEZ HCRV
1900 FIFTH AVENUE NORTH
BIRMINGHAM, AL 35203
Consulting (general)
Direct payment from the plan
Compensation:$35,000
Relation:NONE
X BFZY PJGAU PSG PWX
Source: ALGER CAPITAL APPREC INST I
Recordkeeping and information management (computing, tabulating, data processing, etc.)
Trustee (bank, trust company or similar financial institution)
Trustee (directed)
Investment management
Participant communication
Other services
Direct payment from the plan
Investment management fees paid indirectly by plan
Shareholder servicing fees
Float revenue
Recordkeeping fees
Account maintenance fees
Compensation:FEE FOR SHAREHOLDER SERVICING BASED UPON 0.5%
Y YHJE AXEVW DHM EHA
Source: COLUMBIA TOTAL RET BD INSTL 2
Recordkeeping and information management (computing, tabulating, data processing, etc.)
Trustee (bank, trust company or similar financial institution)
Trustee (directed)
Investment management
Participant communication
Other services
Direct payment from the plan
Investment management fees paid indirectly by plan
Shareholder servicing fees
Float revenue
Recordkeeping fees
Account maintenance fees
Compensation:FEE FOR SHAREHOLDER SERVICING BASED UPON 0.1%
F DFKU GKQZZ HUX SEL
Source: JP MORGAN MID CAP VALUE L
Recordkeeping and information management (computing, tabulating, data processing, etc.)
Trustee (bank, trust company or similar financial institution)
Trustee (directed)
Investment management
Participant communication
Other services
Direct payment from the plan
Investment management fees paid indirectly by plan
Shareholder servicing fees
Float revenue
Recordkeeping fees
Account maintenance fees
Compensation:FEE FOR SHAREHOLDER SERVICING BASED UPON 0.1%

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.

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

    2S - Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.

    2T - Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

Health Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 0 $ 7 $ 75 $ 5 $ 0 $ 3 $ 2
Liabilities: $ 0 $ 92 $ 4 $ 2 $ 4 $ 82 $ 9
EE Contrib: $ 0 $ 1 $ 6 $ 1 $ 9 $ 2
Emp Contrib: $ 0 $ 7 $ 79 $ 60 $ 3 $ 79 $ 7
Income/Loss: $ 0 $ 90 $ 6 $ 769 $ 7 $ 9 $ 9 $ 0 $ 189
Total Income: $ 0 $ 77 $ 6 $ 64 $ 99 $ 6 $ 7 $ 79
Paid Benefits: $ 0 $ 1 $ 4 $ 666 $ 4 $ 864 $ 6
Expenses: $ 0 $ 1 $ 2 $ 2 $ 6 $ 66 $ 7 $ 3 $ 3
  Commission: $ 0 $ 3 $ 6 $ 900,000 $ 4 $ 39 $ 68 $ 6 $ 4,000,000
Net Income: $ 0 $ 90 $ 2 $ 0 $ 6 $ 338 $ 0 $ 5 $ 5 $ 5 $ 2
Net Assets: $ 0 $8,000,000,000 $ 55 $ 55 $ 509 $ 60 $ 6

Participants

202120202019201820172016201520142013201220112010
Total Participants:260146661280289367570642325582368385075188797932
Active Part.:260196566487144675003562132717024163969431492074
Retired Part.:20953d7ca842623f32f4
Deceased Part.:1a0db80a67f59150803f07f

Insurance

HMCSEAUXEJUGHSZP NBFLZMCSN AHRYRXG
Renewal:12-31-2021
Covered:1617
  1. Vision

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 189,665
Commission10% $ 18,967
Fees0% $ 0
Brokers
APSTP UTSQFP OTD BUHW IMIBAFNVX XATPAIZUL YRI LZVMNZXSCI
Renewal:12-31-2021
Covered:1729
  1. Health
  2. Dental
  3. Prescription Drug
  4. Indemnity Contract

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 19,327,988
Commission0.22% $ 42,002
Fees1.89% $ 364,913
Brokers
JAJMABRFC MBSLBKZVED WYGUTK, EAI.
Renewal:12-31-2021
Covered:6500
  1. EMPLOYEE ASSISTANCE PROGRAM

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 48,437
Commission0% $ 0
Fees0% $ 0
PSRAURHUOJ WVWBRKLXZ KUDITKU NO IPPWDJR
Renewal:12-31-2021
Covered:2601
  1. Life Insurance
  2. Temp. Disability Insurance
  3. Long Term Disab. Ins
  4. ACCIDENTAL DEATH AND DISMEMBERMENT

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 1,358,451
Commission8.64% $ 117,416
Fees0% $ 0
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.

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

    4Q - Other.