Madison Industries US Holdings Corporation

500 West Madison Suite 3890
Chicago, IL 60661

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 Very Good, in the 16th percentile compared to peers.
  • In the last year, premium Decreased by 12%. While peers Increased an average of 8%.
Average

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 high. It is in the 80th percentile compared to peers.
  • Mod increased 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.

  • 10% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 99th percentile at 19.7% of the market.
Good

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

-
2023

-
2023

-
2023

-
2023

-
2023

-
2023

-
2023

-
2023

1.562
2023

-
2023

-
2023

1.900
2023

-
2023

1.520
2023

1.520
2023

-
2023

-
2023

1.580
2023

-
2023

0.000
2023

-
2023

2.119
2022

-
2022

-
2022

-
2022

-
2022

-
2022

-
2022

-
2022

-
2022

1.562
2022

-
2022

-
2022

1.680
2022

-
2022

1.450
2022

1.520
2022

-
2022

-
2022

1.580
2022

1.572
2022

-
2022

0.000
2022

-
2022

-
2022

1.961
2022

1.313
2022

1.750
2022

2.225
2022

1.850
2022

1.700
2022
07-01-2021

1.446
2021

1.500
2021

-
2021

1.759
2021

-
2021

-
2021

-
2021

-
2021

1.602
2021

-
2021

1.562
2021

-
2021

1.680
2021

-
2021

1.450
2021

1.520
2021

1.600
2021

-
2021

1.243
2021

1.500
2021

1.572
2021

1.401
2021

1.530
2021

1.470
2021

-
2021

-
2021

1.275
2021

1.004
2021

1.313
2021

1.500
2021

1.295
2021

1.275
2021
07-01-2005

-
2021
07-01-2020

1.446
2020

-
2020

1.370
2020

1.660
2020

1.950
2020

-
2020

1.862
2020

1.908
2020

1.562
2020

-
2020

1.680
2020

1.520
2020

1.600
2020

-
2020

1.500
2020

1.572
2020

1.580
2020

-
2020

2.000
2020

1.700
2020

-
2020

1.651
2020

1.950
2020

1.871
2020

1.550
2019

-
2019

-
2019

1.660
2019

-
2019

-
2019

1.900
2019

-
2019

1.572
2019

-
2019

-
2019

-
2019

1.504
2019

-
2019

-
2019

1.504
2019

1.514
2019
11-30-2019

-
2019
11-30-2019

1.530
2018

-
2018

-
2018

-
2018

1.446
2018

-
2018

-
2018

-
2018

-
2018

-
2018

1.530
2018

1.441
2018

1.900
2018

-
2017

2.655
2017

1.446
2017

-
2017

-
2017

2.001
2017

2.108
2017

-
2017
02-20-2017

2.783
2017
11-30-2017

-
2017
11-30-2017

1.676
2017
11-30-2017

1.800
2017
11-30-2017

2.124
2016

-
2016

1.611
2016

-
2016

-
2016

1.446
2016

-
2016

2.056
2016
11-30-2016

2.124
2015

-
2015

1.446
2014

-
2014

-
2013

-
2013

-
2012

-
2012

-
2011

-
2010
07-01-2010

-
2009

-

Contacts

2
(461) 438-0054
4b1b

NJQZ FTXBL YMOMEOK
Benefits Admin
(025) 916-0139
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GKQIN CLOJMMY
Benefits Admin
(324) 093-2999
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8
(412) 662-2507
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Benefits Admin
(104) 230-1323
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Benefits Admin
(853) 382-7292
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Benefits Admin
(137) 800-0671
eb1

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Benefits Admin
(092) 152-8543
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Benefits Admin
(143) 045-7737
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(443) 428-7761
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(112) 386-7176
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(693) 167-5384
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Benefits Admin
(961) 840-5212
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(524) 359-5981
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President & Chief Executive Offi
(237) 962-4306
romkqwwa@autgwnt.cia

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(880) 292-2055
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Cim Koc Fixiw
Chief Finance Officer
(381) 373-4878
132

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(443) 599-5053
d33 2

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(015) 131-5783
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Benefits Admin
(532) 617-0742
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Domain Registrant
(814) 741-3623
92245

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Benefits Admin
(671) 413-6348
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(667) 456-2312
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(173) 397-1468
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(665) 155-4889
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(539) 345-1044
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(374) 895-3019
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(781) 988-8402
2118

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(313) 818-1412
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Benefits Admin
(734) 886-8885
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Benefits Admin
(491) 304-0492
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Benefits Admin
(871) 795-7918
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Benefits Admin
(710) 014-8551
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Benefits Admin
(001) 607-1290
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Benefits Admin
(887) 371-2101
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Benefits Admin
(895) 561-5785
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Benefits Admin
(474) 064-6116
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(577) 657-2858
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Benefits Admin
(875) 324-9748
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(563) 208-8169
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(525) 660-3708
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(724) 500-7569
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CEO
209
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(110) 603-4401
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92
(160) 912-1578
355

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Benefits Admin
(867) 134-4816
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(139) 662-6106
21332

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Benefits Admin
(901) 877-9498
55 21

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 25,076,935 $ 22,403,238 $ 21,396,653 $ 1,591,479 $ 81,013,810 $ 41,269,377 $ 84,116,270 $ 68,963,969 $ 99,297,342 $ 79,089,863 $ 49,165,706 $ 73,071,684
Liabilities: $ 2,571 $ 23,187 $ 2,495 $ 6,946 $ 34,776 $ 772,283 $ 1 $ 10 $ 51 $ 5 $ 7
EE Contrib: $ 0 $ 5 $ 10 $ 55 $ 0 $ 0 $ 50 $ 0 $ 6
Emp Contrib: $ 0 $ 6 $ 99 $ 559 $ 156 $ 1 $ 7 $ 6 $ 8 $ 6
Income/Loss: $ 254,365 $ 8,900,159 $ 841,182($ 5,413,975) $ 2,041,157 $ 2,734,814($ 546,945) $ 9,358,208 $ 5,496,384 $ 7,964,970 $ 7,278,298 $ 1,782,061
Total Income: $ 254,365 $ 7,329,839 $ 8,379,615($ 262,800) $ 116,023 $ 3,564,332($ 287,967) $ 1,162,864 $ 4,785,168 $ 9,916,233 $ 2,868,788 $ 5,279,444
Paid Benefits: $ 1,367,925 $ 9,288,568 $ 1,986,156 $ 5,663,324 $ 1,978,551 $ 514,846 $ 7,854,762 $ 7,600,236 $ 8,167,673 $ 406,551 $ 6,471,357 $ 2,123,887
Expenses: $ 0 $ 0 $ 8 $ 47 $ 3 $ 2 $ 4 $ 3 $ 0
  Commission: $ 136,310 $ 24,618 $ 457,941 $ 184,072 $ 79,581 $ 8,740,940 $ 1,006,795 $ 3,465,738 $ 827,717 $ 1,818,964 $ 2,828,463 $ 1,599,039
Net Income:($ 1,249,870) $ 250,522 $ 4,220,892($ 8,024,276) $ 724,608($ 889,254)($ 4,080,752)($ 867,462)($ 3,566,459) $ 121,489($ 288,716) $ 80,455
Net Assets: $ 23,827,065 $ 14,028,780 $ 6,125,998 $ 53,992,013 $ 84,502,405 $ 44,869,228 $ 1,376,775 $ 84,690,266 $ 90,102,885 $ 45,504,518 $ 90,454,654 $ 49,061,017

Participants

202120202019201820172016201520142013201220112010
Total Participants:216739737410184363555043633821104461
Active Part.:5fe68acd3576201583
Retired Part.:152485000097078373950188732410386681
Deceased Part.:821337253633038265157049324811

Insurance

No Insurance Coverage

Providers

LPHC LZZQHXEQQX FYBLZPBFInvestment management
Investment management fees paid directly by plan
Compensation:$35,171
Relation:INVESTMENT MANAGEMENT
WFDT PBHOZGGOZW JHNP MMSJZGGGPlan Administrator
Direct payment from the plan
Recordkeeping and information management (computing, tabulating, data processing, etc.)
Consulting (pension)
Compensation:$32,181
Relation:PLAN ADMIN (TPA)
DBRQIN YPXGXF ENVRVU JH UBWActuarial
Direct payment from the plan
Compensation:$20,000
Relation:ACTUARY
GAQTS LETPO SMZBZFG FZBYAN, ZRBAccounting (including auditing)
Direct payment from the plan
Compensation:$12,750
Relation:ACCOUNTANT/AUDITOR
DFWPECFJE XKPHH & UJ., YVB.Accounting (including auditing)
Direct payment from the plan
Compensation:$7,000
Relation:ACCOUNTING
T.S. GZSRLBOJ PDOD RXSTEEVQQKGTrustee (bank, trust company or similar financial institution)
Direct payment from the plan
Compensation:$5,816
Relation:TRUSTEE
F. XIHB VRCKYInvestment management
Investment management fees paid directly by plan
Compensation:$2,612
Relation:INVESTMENT MANAGEMENT
BEXP JTQZDC ZGHQQAPJYCConsulting (pension)
Direct payment from the plan
Compensation:$2,175
Relation:CONSULTING
BSYYDMTRE ZYUCTWQNZFJIO PGAZM MG GJInvestment management
Investment management fees paid directly by plan
Compensation:$1,346
Relation:INVESTMENT MANAGEMENT

Features

    1A - Benefits are primarily pay related

    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

202220212020201920182017
BOY Assets: $ 0 $ 8 $ 1 $ 3 $ 7
Liabilities: $ 0 $ 8 $ 417 $ 6 $ 61
EE Contrib: $ 0 $ 9 $ 0 $ 14 $ 0
Emp Contrib: $ 0 $ 629 $ 65 $ 63 $ 5 $ 51
Income/Loss: $ 0 $ 3 $ 5 $ 15
Total Income: $ 0 $ 34 $ 4 $ 3
Paid Benefits: $ 0 $ 1 $ 31 $ 5
Expenses: $ 0 $ 900 $ 997
  Commission: $ 0 $ 4 $ 5 $ 5
Net Income: $ 0 $ 0 $ 0 $ 25 $ 4
Net Assets: $ 0 $ 8 $ 2 $ 618

Participants

202220212020201920182017
Total Participants:37363951546417315866
Active Part.:37392054434908827809
Retired Part.:b 9d8d0e289
Deceased Part.:29e3bd3ce9

Insurance

HLBOZDXLJKJS BCYA ZVNEDUNYU YWHNSYH
Renewal:03-31-2022
Covered:877
  1. Dental
  2. Vision
  3. Life Insurance
  4. Long Term Disab. Ins
  5. ACCIDENTAL DEATH AND DISMEMBERMENT, EMPLOYEE ASSISTANCE PROGRAM

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 436,723
Commission11.37% $ 49,643
Fees2.57% $ 11,203
Brokers
RTHBFJBTN RKQHWGUKPT ID UFRCIVFF
Renewal:03-31-2022
Covered:532
  1. Health
  2. Prescription Drug

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 3,402,861
Commission1.01% $ 34,373
Fees0.43% $ 14,530
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.


OSHA

Motor Carrier