CORPORATE DISK CO

4610 PRIME PKWY
MCHENRY, IL 60050

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 Higher than 100% of peers.
  • In the last year, premium Increased by 51%. While peers Increased an average of 11%.
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 21st percentile compared to peers.
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.

  • 22% of peers have changed carriers since last year. Those who did, saw a 54.8% decrease in premium vs those who stayed with their current provider had a 23.6% increase, roughly 2x those who stayed with their current provider.
  • Current Carrier's market share is in the 99th percentile at 18.9% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2023
PEO
1.679
2022
PEO
1.679
2021
PEO
1.680
2021
PEO
1.680
2020
PEO
-
2020
PEO
-
2020
11-04-2019

-
2020
11-04-2019

-
2019

-
2019

-
2018

-
2018

-
2017

-
2017

-
2016

-
2016

-
2015

-
2015

-
2014

-
2014

-
2013
05-01-2012

-
2013
06-01-2012

-
2013
06-01-2013

-
2012
05-01-2012

-
2012
06-01-2012

-
2011
05-01-2011

-
2010
05-01-2009

-
2010
05-01-2010

-
2009
05-01-2009

-

Contacts

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President
(690) 318-9548
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Domain Registrant
(572) 010-2012
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(683) 213-0062
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Benefits Admin
(855) 361-3367
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Benefits Admin
(467) 012-4908
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Industry Classification

Retirement Benefits

Financials

20212020201920182017
BOY Assets: $ 2,646,587 $ 9,550,359 $ 4,757,356 $ 687,782 $ 3
Liabilities: $ 0 $ 1
EE Contrib: $ 0 $ 3 $ 547 $ 8 $ 7
Emp Contrib: $ 644,747 $ 661,181 $ 517,927 $ 967,440 $ 767,911
Income/Loss: $ 229,888 $ 9,620 $ 22,340($ 6,336) $ 4
Total Income: $ 874,635 $ 778,536 $ 70,176 $ 457,381 $ 308,782
Paid Benefits: $ 0 $ 3,242 $ 4 $ 7,769 $ 2
Expenses: $ 0 $ 62 $ 9 $ 791 $ 6
  Commission: $ 20,562 $ 76,097 $ 4,507 $ 4,025
Net Income: $ 854,073 $ 386,545 $ 180,747 $ 191,216 $ 44,487
Net Assets: $ 3,500,660 $ 4,936,662 $ 9,119,701 $ 3,338,918 $ 685,623

Participants

20212020201920182017
Total Participants:7586699758
Active Part.:7109695650
Retired Part.:7937 e be7
Deceased Part.:7c9f

Insurance

No Insurance Coverage

Providers

No Providers

Features

    1C - Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).

    3F - Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.