POKER POWHER LLC

141 W JACKSON BLVD STE 500
CHICAGO, IL 60604

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 79% of peers.
  • In the last year, premium Decreased by 94%. While peers Increased an average of 2%.
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 in-line with peers, in the 49th percentile.
  • In the last year, LCM Decreased by 3%. While peers Increased an average of 4%.
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.

  • 12% of peers have changed carriers since last year. Those who did, saw a 5.2% decrease in premium vs those who stayed with their current provider had a 3.5% increase.
  • Of those who changed carriers, 3.1% increased their LCM vs those who stayed with their current provider who saw a 4% increase.
  • Current Carrier's market share is in the 50th percentile at 0.5% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2023

1.922
(Current: 2.090)
2023

1.795
2023

-
2023

-
2023

2.334
2023

2.069
2022

1.978
2022

1.860
2022

1.795
2022

-
2022

1.557
2022

-
2022

1.520
2022

-
2022

2.139
2022

1.586
2022

1.620
2022

1.502
2022

-
2022

1.602
2022

2.069
2022

1.475
2021

2.284
2021

1.723
2021

1.557
2021

-
2021

-
2021

-
2021

1.520
2021

-
2021

2.128
2021

1.586
2021

1.361
2021

-
2021

1.602
2021

1.475
2021

1.683
2020

-
2020

1.520
2020

-
2020

1.723
2020

-
2020

-
2020

2.137
2020

1.586
2020

-
2020

1.475
2020
05-30-2020

-
2019

-
2019

1.517
2019

-
2019

1.550
2018

-
2018

-
2018

1.308
2017

-
2017

1.390
2016

-
2016

1.787
2015

-
2014

-
2014

-
2013

-
2013

-
2012

-
2012

-

Contacts

ANC CWTXF
Benefits Admin
(177) 307-1992
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MGQKUH BNPMBJ
Benefits Admin
(009) 133-8997
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PYSA RFIRTMSMS
Benefits Admin
(649) 427-0828
b1425

FZIQ XBMO
Benefits Admin
(772) 635-9053
b506

EXNJ BJNKCZKDA
PEAK6 Investments
(608) 947-0211
wynfsjqvzz@eios8.amu

OHDS AIHXYVGTZ
PEAK6 Investments
93f
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6cf
(834) 138-1402
acf98

Industry Classification

Retirement Benefits

Financials

20212020201920182017201620152014201320112010
BOY Assets: $ 64,890,662 $ 98,693,258 $ 95,957,707 $ 92,033,307 $ 12,750,483 $ 86,936,871 $ 83,232,470 $ 16,587,356 $ 91,578,286 $ 47,968,231 $ 55,284,352
Liabilities: $ 0 $ 0 $ 2 $ 8 $ 5 $ 8 $ 931 $ 32
EE Contrib: $ 7,299,586 $ 1,128,785 $ 6,233,712 $ 8,397,354 $ 8,485,188 $ 6,505,912 $ 8,506,920 $ 9,471,514 $ 7,945,889 $ 9,755,398 $ 9,046,663
Emp Contrib: $ 1,355,542 $ 121,620 $ 860,147 $ 55,214 $ 844,361 $ 311,206 $ 796,574 $ 3,552,830 $ 957,551 $ 66,643 $ 6,184,120
Income/Loss: $ 5,943,948 $ 4,241,762 $ 8,461,943($ 4,829,069) $ 2,075,548 $ 775,879($ 7,156,217) $ 37,564 $ 6,367,125($ 4,666,142) $ 4,506,217
Total Income: $ 20,100,548 $ 59,959,300 $ 85,115,039 $ 426,536 $ 56,317,482 $ 7,386,807 $ 8,053,189 $ 8,121,535 $ 44,671,569 $ 3,580,052 $ 7,123,219
Paid Benefits: $ 4,683,514 $ 2,324,566 $ 9,481,712 $ 7,626,640 $ 1,618,403 $ 3,454,644 $ 1,657,888 $ 6,577,261 $ 4,856,069 $ 6,181,997 $ 2,555,157
Expenses: $ 0 $ 51 $ 24 $ 5 $ 12 $ 5
  Commission: $ 13,722 $ 159 $ 2,585 $ 6,606 $ 5,428 $ 42,497 $ 5,963 $ 52,453 $ 8,934 $ 2,940 $ 83,022
Net Income: $ 15,394,367 $ 35,740,478 $ 2,204,803($ 5,628,913) $ 4,165,978 $ 3,813,112($ 5,987,486) $ 5,352,195 $ 5,790,344 $ 124,917 $ 9,393,942
Net Assets: $ 80,194,700 $ 13,735,156 $ 79,446,497 $ 36,235,934 $ 45,235,305 $ 5,761,122 $ 9,711,192 $ 82,874,266 $ 68,432,982 $ 41,139,415 $ 88,920,625

Participants

20212020201920182017201620152014201320112010
Total Participants:733019686578719327745700019997000
Active Part.:455739713856668149731008208653956
Retired Part.:7435f074b0fc22252f d
Deceased Part.:3edddbd66736199d6c69fb31c

Insurance

No Insurance Coverage

Providers

IUPAHZTJ DMMZGLCFSCD LKHMSYMWLSZLF
YHCBRQXFD IGWJQGQF, LWZ.Investment advisory (plan)
Compensation:$12,578
Relation:ADVISOR
CGJTXJRG KLLZTMVSEMB WJYVCZFEXWQNCParticipant loan processing
Sub-transfer agency fees
Recordkeeping fees
Account maintenance fees
Compensation:$1,144
Relation:RECORDKEEPER
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Source: ABF SM CAP VAL R5 - DST ASSET MANA
Sub-transfer agency fees
Compensation:0.04%
HWBCXJLZ COXZMLUCBWJ CSBUGFNPQGPIZ
Source: AF MOD GR&INC PTF R4 - AMERICAN FU
Sub-transfer agency fees
Compensation:0.35%
LVHHTKID LVJXULYSHVU HOJYVGWCXUBMD
Source: AMG RR MID CAP VAL I - BNY MELLON
Sub-transfer agency fees
Compensation:0.10%
LFLTSOOW BSDOLSTRYSS LPIGGWVSCVXZH
Source: CB INTL GRTH I - BNY MELLON INVEST
Sub-transfer agency fees
Compensation:0.10%
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Source: OAKMARK EQ & INC INV - DST ASSET M
Sub-transfer agency fees
Compensation:0.35%
NHINGXLC ENPIKQMVIYJ PVSGNWCSLJNQH
Source: VICTORY S ESTB VAL I - FIS INVESTO
Sub-transfer agency fees
Compensation:0.10%
OZXCPVQP WBEDBUEZAQK CJHWMQHGBSLOM
Source: T ROWE PRICE DIVIDEND GROWTH
Sub-transfer agency fees
Compensation:0.15%
NAPCTQOS VYNCGBXOWRB TQEIDVAQBOLCR
Source: T ROWE PRICE GLOBAL STOCK
Sub-transfer agency fees
Compensation:0.15%
HUISPNGR FOBLMXLJRUF OSLNBFKPBWDUH
Source: T ROWE PRICE DIVERSDMID CAP GROWTH
Sub-transfer agency fees
Compensation:0.15%

Features

    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.

    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.

    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.

    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.

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

Health Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 0 $ 50 $ 4 $ 2
Liabilities: $ 0 $ 941 $ 300,000 $ 2 $ 4 $ 62 $ 5 $ 854 $ 9
EE Contrib: $ 0 $ 9 $ 67 $ 1 $ 71 $ 3 $ 1 $ 55 $ 9
Emp Contrib: $ 0 $ 8 $ 0 $ 23 $ 17 $ 255 $ 2 $ 7 $ 9 $ 8 $ 2 $ 0
Income/Loss: $ 0 $ 48 $ 492 $ 8 $ 0 $ 889 $ 74 $ 2 $ 70
Total Income: $ 0 $ 1 $ 1 $ 650 $ 1 $ 36 $ 6 $ 2 $ 82
Paid Benefits: $ 0 $ 1 $ 77 $ 19 $ 0
Expenses: $ 0 $ 4 $ 5 $ 9 $ 15 $ 5 $ 2 $ 5 $ 5
  Commission: $ 0 $ 4 $ 0 $ 8 $ 2 $ 6 $ 6
Net Income: $ 0 $ 59 $ 53 $ 9 $ 3 $ 5 $ 8 $ 2
Net Assets: $ 0 $ 9 $ 8 $ 89 $ 108 $ 57 $ 5

Participants

202120202019201820172016201520142013201220112010
Total Participants:489932958759966638287575577280590562
Active Part.:468315663866776965547217595020758921
Retired Part.:21395189109dc51c6
Deceased Part.:9535ed7670de5756a70c 2

Insurance

UXEDVKRBHC UPFFWLHLR THPOAGK FA NGKCJUE
Renewal:12-31-2021
Covered:475
  1. Life Insurance
  2. Temp. Disability Insurance
  3. Long Term Disab. Ins
  4. AD&D, NEW YORK DISABILITY, NEW YORK PAID FAMILY LEAVE, NEW JERSEY TDB

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 130,550
Commission6.78% $ 8,855
Fees0% $ 0
Brokers
CTWQIY SGEGLSL HCMG
Renewal:12-31-2021
Covered:336
  1. Vision

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 47,174
Commission3.01% $ 1,419
Fees0% $ 0
Brokers
DPFXJNHYV UEITTQSNPO KE FXCXLKDT
Renewal:12-31-2021
Covered:828
  1. Health
  2. Stop Loss

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 600,082
Commission28.33% $ 170,025
Fees1.07% $ 6,441
Brokers
HAU NUXWMODY NKQH GTFBBTUEA LVAMGBL BU KCFFIAV
Renewal:12-31-2021
Covered:298
  1. ACCIDENT AND CRITICAL ILLNESS

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 54,973
Commission15% $ 8,246
Fees3.78% $ 2,076
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.

    4Q - Other.