FRAMESTORE INC

61 BROADWAY
NEW YORK, NY 10006

Talking Points

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 69% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
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 95th percentile at 23.1% of the market.
Average

Business Stats

Policy History

Term Carrier Premium LCM
2023

1.282
2022

2.910
2022

1.282
2021

2.910
2021

2.910
2021

1.282
2020

-
2020

1.290
2019

-
2019

-
2019

1.290
2018

-
2017

1.290
2016

1.290

Contacts

IGAT OJAMKT
Benefits Admin
(172) 817-2211
20474

Bwf Mycyfwp
Owner
(987) 898-2424
502

5
(573) 618-2587
a2d4

Industry Classification

Retirement Benefits

Financials

20212020201920182017201620152014201320122011
BOY Assets: $ 4,570,779 $ 8,120,256 $ 8,578,634 $ 9,463,671 $ 2,805,889 $ 4,523,550 $ 420,807 $ 256,418 $ 827,084 $ 139,490 $ 6
Liabilities: $ 0 $ 0 $ 343 $ 446 $ 3 $ 16 $ 637
EE Contrib: $ 1,073,776 $ 668,854 $ 2,264,351 $ 642,618 $ 759,854 $ 786,238 $ 891,398 $ 602,388 $ 278,899 $ 295,378 $ 764,440
Emp Contrib: $ 0 $ 8,669 $ 5 $ 3 $ 60 $ 3 $ 13 $ 75 $ 474
Income/Loss: $ 650,903 $ 199,321 $ 535,444($ 178,915) $ 85,701 $ 685,818($ 98,676) $ 71,191 $ 830 $ 31,589($ 7,069)
Total Income: $ 1,731,238 $ 2,273,845 $ 4,211,303 $ 603,985 $ 738,416 $ 477,469 $ 887,034 $ 237,787 $ 565,472 $ 943,880 $ 889,847
Paid Benefits: $ 436,688 $ 700,560 $ 983,590 $ 844,034 $ 65,176 $ 59,772 $ 174,569 $ 21,996 $ 2 $ 7,396
Expenses: $ 0 $ 43 $ 4 $ 2 $ 1 $ 24 $ 9,569
  Commission: $ 31,190 $ 92,349 $ 44,031 $ 10,006 $ 23,838 $ 95,002 $ 5,223 $ 7,000 $ 6,658 $ 2,125 $ 540
Net Income: $ 1,263,360 $ 818,475 $ 2,293,220 $ 679,953 $ 99,533 $ 561,846 $ 61,690 $ 511,303 $ 977,803 $ 618,328 $ 275,830
Net Assets: $ 5,834,139 $ 100,423 $ 3,272,582 $ 3,755,310 $ 74,459 $ 3,859,179 $ 1,165,924 $ 556,464 $ 304,028 $ 479,932 $ 393,542

Participants

20212020201920182017201620152014201320122011
Total Participants:2962899936403065303643352871712
Active Part.:229319690697271884046506bc4b797
Retired Part.:5383b408cc09a3e6eb4
Deceased Part.: 0e883f300eb9 88313e13

Insurance

GNJEBDW KQKT & DWICABQ JUOJBVA XW NTN VPDS
Renewal:12-31-2021
Covered:296
PENSION_EOY_SEP_ACCT_AMT: 5390113PENSION_PREM_PAID_TOT_AMT: 0

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 0
Commission $ 25,704
Fees $ 2,489
Brokers

Providers

TIAEVRJ CETCDMRS ESISZIYPPTD
1300 S CLINTON STREET PO BOX 2248
FORT WAYNE, IN 46801
Contract Administrator
Direct payment from the plan
Compensation:$19,278
Relation:SERVICE PROVIDER
CHZUPVN BBONS COPIAVEXMW
1061 CLIFF DAWSON RD
WATKINSVILLE, GA 30677
Investment advisory (participants)
Direct payment from the plan
Compensation:$11,263
Relation:SERVICE PROVIDER
QWG BVPCNIF KJOKPTOT
1055 WASHINGTON BLVD 6TH FLOOR
STAMFORD, CT 06901
Recordkeeping and information management (computing, tabulating, data processing, etc.)
Direct payment from the plan
Compensation:$650
Relation:TPA

Features

    2A - Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).

    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.

    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

2021202020192018201720162015
BOY Assets: $ 0 $ 180 $ 682 $ 5 $ 6 $ 200,000
Liabilities: $ 0 $ 0 $ 3 $ 659 $ 26
EE Contrib: $ 0 $ 5 $ 7 $ 77
Emp Contrib: $ 0 $ 4 $ 462
Income/Loss: $ 0 $ 52 $ 673 $ 7 $ 2
Total Income: $ 0 $ 27 $ 259 $ 31 $ 550 $ 88
Paid Benefits: $ 0 $ 1 $ 9 $ 24 $ 69
Expenses: $ 0 $ 8
  Commission: $ 0 $ 55 $ 1 $ 30 $ 4
Net Income: $ 0 $ 2 $ 4 $ 493 $ 45 $ 9
Net Assets: $ 0 $ 72

Participants

2021202020192018201720162015
Total Participants:233841060484674715969
Active Part.:233629684619770287463
Retired Part.:63bbbbb64e5a
Deceased Part.:8d38 8b191

Insurance

MZQODWIQIOQXEXNO YFBYCIXNX SDDLIXZ
Renewal:12-31-2021
Covered:385
  1. Health

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 2,754,529
Commission5.01% $ 138,001
Fees0% $ 0
Brokers
HCQEOSQMU IXAK NUJAZCPBR YIRTDTM
Renewal:12-31-2021
Covered:395
  1. Dental
  2. Vision
  3. Life Insurance
  4. Temp. Disability Insurance
  5. PPO Contract
  6. Indemnity Contract

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 323,589
Commission4.84% $ 15,657
Fees7.11% $ 22,998
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).

    4Q - Other.