ESSENCE GROUP HOLDING CORP

C O ACCOUNTS RECEIVABLE 13900
MARYLAND HEIGHTS, MO 63043

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 very good. It is in the 15th percentile compared to peers.
  • 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 26th percentile compared to peers.
  • In the last year, LCM Increased by 5%. While peers Increased an average of 1%.
Average

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.

  • 19% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 95th percentile at 29.6% of the market.
Good

Business Stats

Policy History

Term Carrier Premium LCM
2023

1.100
2023

1.080
2022

1.402
2022

1.196
2022

1.014
2022

1.408
2022

1.155
2022

1.040
2022

1.800
2022

-
2022

-
2022

-
2022

1.301
2022

-
2022

1.154
2022

1.020
2022

1.095
2022

0.980
2022

1.338
2022

1.080
2022

1.037
2022

1.209
2021

1.014
2021

1.196
2021

1.310
2021

1.379
2021

1.010
2021

1.078
2021

-
2021

1.031
2021

1.404
2021

-
2021

-
2021

1.195
2021

1.154
2021

0.970
2021

1.095
2021

0.980
2021

1.218
2021

1.080
2021

1.037
2021

1.019
2020

1.196
2020

1.014
2020

1.379
2020

-
2020

1.120
2020

-
2020

1.078
2020

-
2020

1.031
2020

1.404
2020

-
2020

-
2020

1.195
2020

1.154
2020

0.990
2020

1.095
2020

0.980
2020

1.218
2020

1.404
2020

1.080
2020

1.037
2020

1.019
2019

1.320
2019

-
2019

-
2019

1.238
2019

-
2019

1.384
2019

1.160
2019

-
2019

-
2019

1.320
2019

-
2019

1.159
2019

-
2019

1.360
2019

-
2019

1.343
2019

1.619
2019
11-30-2019

-
2019
11-30-2019

1.500
2019
11-30-2019

1.100
2019
11-30-2019

1.500
2018

-
2018

-
2018

-
2018

-
2018

1.110
2018

-
2018

-
2018

1.000
2018

-
2018

0.892
2018

-
2018

1.110
2018

-
2018

0.985
2018

1.125
2018

1.000
2018
11-30-2018

1.125
2018
11-30-2018

-
2017

-
2017

-
2017

-
2017

-
2017

1.110
2017

-
2017

1.000
2017

-
2017

0.811
2017

-
2017

1.110
2017

1.125
2017

1.000
2016

-
2016

-
2016

-
2016

1.110
2016

-
2016

-
2016

0.811
2016

1.110
2016

1.164
2016

1.125
2016

1.000
2015

-
2015

-
2015

-
2015

-
2015

1.110
2015

-
2015

0.811
2015

1.110
2015

-
2015

-
2015

1.125
2015

1.000
2014

-
2014

-
2014

-
2014

-
2014

-
2014
11-30-2014

-
2014
11-30-2014

-
2014
11-30-2014

-
2013

-
2013

-
2013
11-30-2012

-
2013
11-30-2013

-
2012

-
2012

-
2012
01-01-2012

-
2009
04-30-2008

-

Contacts

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Benefits Admin
(329) 346-9156
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Benefits Admin
(204) 611-6730
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JXBNOHV CWWAN
Benefits Admin
(409) 720-9927
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CEO
(010) 703-1944
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(092) 565-3757
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(616) 743-7419
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(202) 144-6406
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Sabid Nagcwq
Owner
(855) 810-4968
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(268) 338-2160
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Benefits Admin
(784) 747-8376
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(938) 974-3221
bxddljhgzkx@fykiucqmemhj.vej

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Chief Executive Officer
(909) 530-3585
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Benefits Admin
(428) 514-4836
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Chief Executive Officer
(688) 880-1195
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Benefits Admin
(037) 506-5737
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Benefits Admin
(800) 019-5256
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FSITHD STPEDZU
Benefits Admin
(236) 756-7044
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(093) 924-6586
883

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Benefits Admin
(076) 291-4606
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YVMQJP YDHM-XSCQB
Benefits Admin
(148) 297-9790
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ZBVEADLOS GZWGFVTXB
Benefits Admin
(464) 460-6688
d3829

NCTVOYRIP Z. AECLVXBLU
Benefits Admin
(627) 509-5539
08438

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Benefits Admin
(108) 967-8751
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Benefits Admin
(058) 172-2859
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Chief Executive Officer
(515) 921-0333
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Benefits Admin
(931) 345-4411
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Chief Executive Officer
(236) 098-6342
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OGYUBP KUYBIK
Vice President, Human Resources
(934) 420-5716
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Benefits Admin
(670) 373-9442
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Benefits Admin
(447) 694-6845
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Benefits Admin
(756) 857-7586
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CQBKPU VLCLYQ
Vice President, Human Resources
(294) 815-7968
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Industry Classification

Retirement Benefits

Financials

20212020
BOY Assets: $ 107,476,542 $ 37,062,631
Liabilities: $ 0
EE Contrib: $ 15,368,899 $ 1,019,585
Emp Contrib: $ 3,621,127 $ 6,487,813
Income/Loss: $ 13,729,342 $ 89,586,203
Total Income: $ 36,674,844 $ 25,041,745
Paid Benefits: $ 11,441,310 $ 8,748,577
Expenses: $ 0 $ 8
  Commission: $ 307,466 $ 969,828
Net Income: $ 24,920,743 $ 79,017,289
Net Assets: $ 132,397,285 $ 510,733,935

Participants

20212020
Total Participants:18197257
Active Part.:13580241
Retired Part.:1cd
Deceased Part.:3

Insurance

No Insurance Coverage

Providers

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LBHWQJEF OVAEGFSOMFG NKMRFIFZADRVUParticipant loan processing
Sub-transfer agency fees
Recordkeeping fees
Account maintenance fees
Compensation:$260,073
Relation:RECORDKEEPER
AF DLAPTZL KEBBCODMFG, MWLConsulting (general)
Compensation:$47,393
Relation:CONSULTANT
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Source: AS EMRG MKTS EQ IS - DST ASSET MAN
Sub-transfer agency fees
Compensation:0.15%
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Source: LOOMIS CORE PL BD Y - DST ASSET MA
Sub-transfer agency fees
Compensation:0.20%

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.

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

    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

202120202019
BOY Assets: $ 0 $ 6 $ 2
Liabilities: $ 0 $ 7 $ 68
EE Contrib: $ 0 $ 14
Emp Contrib: $ 0
Income/Loss: $ 0 $ 331
Total Income: $ 0 $ 7 $ 7
Paid Benefits: $ 0 $ 5 $ 62
Expenses: $ 0 $ 8 $ 732
  Commission: $ 0 $ 0 $ 7
Net Income: $ 0
Net Assets: $ 0 $ 362 $ 6

Participants

202120202019
Total Participants:141296485790
Active Part.:134556710296
Retired Part.:135627
Deceased Part.:787c

Insurance

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Renewal:12-31-2021
Covered:1314
  1. Life Insurance
  2. Long Term Disab. Ins
  3. ACCIDENTAL DEATH & DISMEMBERMENT

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 355,192
Commission15% $ 53,279
Fees2% $ 7,104
Brokers
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Renewal:12-31-2021
Covered:103
  1. LEGAL

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 24,446
Commission11.68% $ 2,855
Fees2.49% $ 609
Brokers
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Renewal:12-31-2021
Covered:1039
  1. Vision

Retention: $ 49,656
Claims: $ 115,422
Loss Ratio:0.81
Exp Rated Premium $ 141,870
Non-Exp Rated Premium: $ 0
Commission8% $ 11,351
Fees0% $ 0
Brokers
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Renewal:12-31-2021
Covered:440
  1. WORKSITE BENEFITS

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 61,338
Commission20.45% $ 12,543
Fees0% $ 0
Brokers
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Renewal:12-31-2021
Covered:632
  1. LIFESTYLE LIFE

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 275,812
Commission15% $ 41,372
Fees2% $ 5,516
Brokers
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Renewal:09-09-2021
Covered:
  1. ACCIDENTAL DEATH AND DISMEMBERMENT

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 5,257
Commission15.01% $ 789
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).

    4G - Prepaid legal.

    4H - Long-term disability.

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

    4Q - Other.