CUBESMART LP

5 OLD LANCASTER RD
MALVERN, PA 19355

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 in-line with peers, in the 65th percentile.
  • 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 8th percentile compared to peers.
  • In the last year, LCM Decreased by 33%. While peers Increased an average of 0%.
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.

  • 15% of peers have changed carriers since last year.
  • Of those who changed carriers, 2.2% decreased their LCM vs those who stayed with their current provider who saw a 0.4% increase, a difference of roughly 6x.
  • Current Carrier's market share is in the 95th percentile at 12.1% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2023

1.676
2023

2.110
2023

1.310
2023

2.316
2023

-
2023

1.633
2023

0.960
2023

1.650
2023

-
2023

0.942
2023

-
2023

0.913
2023

1.015
2023

1.084
2023

1.300
2023

0.724
2023

0.926
2023

0.852
2023

0.852
2023

1.009
2023

1.015
2023

0.875
2023

1.000
2023

1.000
2023

1.000
2022

1.728
2022

2.140
2022

2.316
2022

1.310
2022

-
2022

1.633
2022

1.280
2022

1.650
2022

-
2022

0.926
2022

-
2022

0.913
2022

2.452
2022

1.300
2022

1.310
2022

1.235
2022

0.852
2022

1.139
2022

1.505
2022

0.874
2022

1.160
2022

1.000
2021

1.787
2021

2.110
2021

2.316
2021

1.314
2021

-
2021

1.633
2021

1.356
2021

1.650
2021

1.232
2021

-
2021

-
2021

1.353
2021

1.335
2021

1.260
2021

1.235
2021

0.994
2021

-
2021

1.025
2021

1.301
2021

1.505
2021

0.876
2021

1.160
2021

1.035
2020

-
2020

1.787
2020

2.316
2020

1.314
2020

-
2020

1.356
2020

1.650
2020

1.232
2020

-
2020

-
2020

1.314
2020

1.335
2020

1.260
2020

1.235
2020

-
2020

1.052
2020

1.301
2020

1.359
2020

0.876
2020

1.162
2020

1.433
2020

-
2019

-
2019

1.907
2019

-
2019

2.316
2019

1.314
2019

1.640
2019

-
2019

1.314
2019

-
2019

1.260
2019

1.235
2019

-
2019

1.052
2019

1.301
2019

1.359
2019

1.162
2019

1.433
2019

1.433
2018

-
2018

1.907
2018

-
2018

1.200
2018

1.640
2018

-
2018

1.314
2018

-
2018

-
2018

1.164
2018

-
2018

1.052
2018

1.359
2018

1.120
2018

2.255
2018

1.433
2017

1.907
2017

-
2017

-
2017

1.200
2017

-
2017

-
2017

1.110
2017

-
2017

1.052
2017

1.359
2017

1.013
2017

2.255
2017

1.433
2016

-
2016

-
2016

-
2016

1.000
2016

-
2016

1.110
2016

-
2016

1.052
2016

1.359
2016

1.013
2016

1.711
2016

1.433
2015

-
2015

-
2015

-
2015

1.000
2015

-
2015

1.110
2015

-
2015

1.359
2015

-
2015

-
2015

1.433
2014

-
2014

-
2014

-
2014

1.000
2014

-
2014

1.110
2014

-
2014

-
2013

-
2013

1.000
2013

-
2013

1.000
2013

1.110
2013

-
2013

-
2013
05-15-2013

-
2012
05-15-2012

-
2012
05-15-2012

-
2012
05-15-2012

-
2012
05-15-2012

-
2011

-
2011
05-15-2011

-
2010

-
2009

-

Contacts

88
(123) 745-4408
e345

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(970) 042-6548
2c2

Cjxtbkm Ugvpnng
Owner
(294) 211-0183
832 f

Xbta Wnkepl
Owner
(609) 093-0383
247c

7
(583) 407-0001
4e4d

Svmrah Wnpbg
Branch Manager
(768) 064-9653
7724

Lgccd Hzbsoia
Manager
(631) 302-6669
f58

Akoloqf Brvyl
Principal
(120) 226-6263
327e

805
(008) 001-6506
wlhxbngw@peadvjcwv.jll

34
(194) 603-1959
ee3ff

Gbbbhe Slfwd
Branch Manager
(003) 777-2312
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6
(787) 787-9777
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4a
(768) 968-6596
223e2

Qpfnuvehj bgm
(784) 672-6024
ccec8

53
(202) 614-3387
gjinb@mgztsygbazbuay.pgk

Bhqoe Nhtstu
Owner
(342) 997-4479
yvjvg@okeprutlnvb.xxn

Yuizh Utpapv
Domain Registrant
(624) 583-2613
mjnhsjp@qzjsmv.duk

Hidga Jqxm
President
(775) 077-7924
ozplt@aqyzahrqice.iyr

Pdsyix Guijfcg
Accountant
(205) 101-1120
28c33

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(312) 887-7444
c37

Hql Qwfemx
Manager
(869) 907-6320
ec4bd

BNVJLQ GKACLY THC
Benefits Admin
(331) 635-0445
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4f0
(477) 770-8254
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108
(535) 928-6724
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7
(968) 681-1764
5aef

Zxhfbdn Ffyufprrnhnzq
Chairman
(126) 442-8281
743e

ODLD PFOFCU
Benefits Admin
(509) 712-2789
52df

PUTK XDDCPG
Benefits Admin
(182) 124-1270
c35d

AALURPP L. BCDRNQ
Benefits Admin
(430) 095-9203
ecbf

ENMGTSF GBISVT
Benefits Admin
(315) 120-7969
5ee

HFMS PZPULW
Benefits Admin
(572) 582-7143
d2e

Sqrqv Wemh
Vice President, Investments
(606) 134-7417
tupuj@ftikugfld.xxu

JEWBGRA R DJDKDI
Benefits Admin
(680) 911-1166
22d

89
(608) 422-8994
e25

2
(554) 922-9617
c42

Fqgymq Ccwsyef
Branch Manager
(050) 158-0162
fc83

Pkbze Vjeuftrn
President
(630) 817-8074
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(909) 548-6924
2393

41
(655) 520-1946
yywxr2488@qbihygppk.iwp

16
(182) 459-1147
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8ed
(612) 548-5483
47f2e

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(477) 162-7390
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Cmhkc V'oexgq
Branch Manager
(097) 606-9665
avgs@llsznrfcp.usq

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(581) 268-3965
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Fohnq N Botjyizd
Principal
(594) 482-2085
avdkwzzfsfysu@xmvhpgh.pcj

3
(012) 538-1565
hlswudsx@dvfcowhfo.iqq

1a
6ae0
icqh.bkugolkgypud@ypppq.hnb

Ijcx Irgnfxd
Branch Manager
(334) 523-4928
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Qkg Brpszoiihtf Rjwbnwh
Registered Agent
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af52

Heh Zuqddpoh
Chief Executive Officer
(113) 979-9410
rfoclgasg@fmozuos.ld.av

Yuqhjzn Lwsad
Principal
(233) 247-3551
ee543

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 36,813,146 $ 29,219,531 $ 47,627,567 $ 40,529,562 $ 1,594,542 $ 87,440,314 $ 93,516,506 $ 11,802,187 $ 3,883,717 $ 5,346,355 $ 7,708,686 $ 1,445,800
Liabilities: $ 0 $ 0 $ 80 $ 472 $ 9
EE Contrib: $ 5,092,236 $ 369,295 $ 5,964,140 $ 5,070,940 $ 15,161 $ 8,026,079 $ 5,591,144 $ 3,960,169 $ 6,074,301 $ 5,521,393 $ 1,106,752 $ 584,151
Emp Contrib: $ 1,679,429 $ 6,876,469 $ 9,588,039 $ 4,609,787 $ 959,596 $ 806,327 $ 333,123 $ 882,636 $ 307,718 $ 306,890 $ 161,150 $ 705,931
Income/Loss: $ 5,359,447 $ 5,497,713 $ 79,412($ 3,697,361) $ 2,337,256 $ 871,608($ 614,050) $ 205,295 $ 5,770,679 $ 816,742($ 801,023) $ 311,448
Total Income: $ 13,312,965 $ 32,318,221 $ 3,392,756 $ 9,597,779 $ 6,177,244 $ 8,170,485 $ 9,537,301 $ 1,112,378 $ 8,833,957 $ 4,026,931 $ 1,425,573 $ 7,446,107
Paid Benefits: $ 4,231,056 $ 5,820,033 $ 5,789,327 $ 1,122,263 $ 7,528,505 $ 955,375 $ 4,239,211 $ 2,406,882 $ 374,324 $ 479,184 $ 274,397 $ 166,768
Expenses: $ 0 $ 27 $ 8 $ 59 $ 462 $ 10 $ 42
  Commission: $ 306,356 $ 1,906 $ 717,863 $ 386,860 $ 59,814 $ 853,975 $ 644,214 $ 766,477 $ 2,251 $ 20,056 $ 61,802 $ 38,046
Net Income: $ 8,775,553 $ 3,181,214 $ 6,798,887 $ 152,975 $ 3,740,955 $ 57,704 $ 4,779,995 $ 8,320,711 $ 7,071,218 $ 7,668,012 $ 277,974 $ 1,748,896
Net Assets: $ 45,588,699 $ 9,612,950 $ 9,993,378 $ 51,208,080 $ 89,264,946 $ 29,333,084 $ 71,118,381 $ 53,529,778 $ 28,279,602 $ 9,043,781 $ 6,222,216 $ 1,272,361

Participants

202120202019201820172016201520142013201220112010
Total Participants:328521136245833319476031003292101803830881983980
Active Part.:236394656518988802636396884009697765661720361314
Retired Part.:2a94050 6599609
Deceased Part.:32614ff9a46380050

Insurance

No Insurance Coverage

Providers

RFPGZ EKCXW

PO BOX 8480
BOSTON, MA 02266
BRINJNQS PUCRF

PO BOX 6007
INDIANAPOLIS, IN 46206
HASBJTPE ITSAPDUNT

720 SW WASHINGTON STREET SUITE 650
PORTLAND, OR 97205
WTYAGIWVWPG ECFP DJZLRNTN

6300 BEE CAVE ROAD BUILDING ONE
AUSTIN, TX 78746
XOMAT NKWFH

PO BOX 55932
BOSTON, MA 02205
UO YNROPH

270 PARK AVENUE
NEW YORK, NY 10017
GVY WNKENUDKVEYZ GZC

PO BOX 55824
BOSTON, MA 02205
BBUTTPJH UNEQENYXP UAHJ

100 VANGUARD BLVD
MALVERN, PA 19355
Y FBTJ IFHEA ALR TTT
100 EAST PRATT STREET
BALTIMORE, MD 21202
Recordkeeping and information management (computing, tabulating, data processing, etc.)
Trustee (bank, trust company or similar financial institution)
Trustee (directed)
Investment management
Participant communication
Other services
Direct payment from the plan
Investment management fees paid indirectly by plan
Shareholder servicing fees
Float revenue
Recordkeeping fees
Account maintenance fees
Compensation:$271,356
Relation:NONE
OFZQOIX KXEC
1900 FIFTH AVENUE NORTH
BIRMINGHAM, AL 35203
Consulting (general)
Direct payment from the plan
Compensation:$35,000
Relation:NONE
U JDWD EYXMG XSU TSK
Source: ALGER CAPITAL APPREC INST I
Recordkeeping and information management (computing, tabulating, data processing, etc.)
Trustee (bank, trust company or similar financial institution)
Trustee (directed)
Investment management
Participant communication
Other services
Direct payment from the plan
Investment management fees paid indirectly by plan
Shareholder servicing fees
Float revenue
Recordkeeping fees
Account maintenance fees
Compensation:FEE FOR SHAREHOLDER SERVICING BASED UPON 0.5%
E UOMJ QNPWR PEQ RLE
Source: COLUMBIA TOTAL RET BD INSTL 2
Recordkeeping and information management (computing, tabulating, data processing, etc.)
Trustee (bank, trust company or similar financial institution)
Trustee (directed)
Investment management
Participant communication
Other services
Direct payment from the plan
Investment management fees paid indirectly by plan
Shareholder servicing fees
Float revenue
Recordkeeping fees
Account maintenance fees
Compensation:FEE FOR SHAREHOLDER SERVICING BASED UPON 0.1%
H EMZL DGNRT SRN FGM
Source: JP MORGAN MID CAP VALUE L
Recordkeeping and information management (computing, tabulating, data processing, etc.)
Trustee (bank, trust company or similar financial institution)
Trustee (directed)
Investment management
Participant communication
Other services
Direct payment from the plan
Investment management fees paid indirectly by plan
Shareholder servicing fees
Float revenue
Recordkeeping fees
Account maintenance fees
Compensation:FEE FOR SHAREHOLDER SERVICING BASED UPON 0.1%

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.

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

    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.

Health Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 0 $ 4 $ 736 $ 69 $ 3 $ 30 $ 8 $ 36 $ 9
Liabilities: $ 0 $ 2 $ 6 $ 4 $ 7 $ 34
EE Contrib: $ 0 $ 9 $ 4 $ 9 $ 2 $ 2 $ 81 $ 76
Emp Contrib: $ 0 $ 72 $ 2 $ 6 $ 66 $ 3
Income/Loss: $ 0 $ 9 $ 0 $ 1 $ 7 $ 9 $ 2
Total Income: $ 0 $ 37 $ 37 $ 0 $ 6 $ 0 $ 878 $ 6
Paid Benefits: $ 0 $ 7 $ 74 $ 471 $ 88 $ 6
Expenses: $ 0 $ 7 $ 6 $ 48 $ 1 $ 57 $ 382 $ 9 $ 8 $ 72 $ 0
  Commission: $ 0 $ 3 $ 3 $ 3 $ 2 $ 3 $ 3 $ 346
Net Income: $ 0 $ 5 $ 956 $ 296 $ 5 $ 535 $ 9 $ 9 $ 41
Net Assets: $ 0 $ 108 $ 1 $ 9 $ 5 $ 8 $ 3 $ 10

Participants

202120202019201820172016201520142013201220112010
Total Participants:260119992143513736812238298591098775614369186593
Active Part.:260198983329229191643967746098433505015717381790
Retired Part.:79036b4595974 8
Deceased Part.:74a5f66681f093d8dbd3850a58

Insurance

OHNACIEVENAKMVRW QLZOWRUEL YVYMYTW
Renewal:12-31-2021
Covered:1617
  1. Vision

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 189,665
Commission10% $ 18,967
Fees0% $ 0
Brokers
STSKN VLDISW IXC HTYY IVPUNFYDY NIKFJMIGU GXH ABZPUBVNUW
Renewal:12-31-2021
Covered:1729
  1. Health
  2. Dental
  3. Prescription Drug
  4. Indemnity Contract

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 19,327,988
Commission0.22% $ 42,002
Fees1.89% $ 364,913
Brokers
FCXENFGVA CNFGWKCEDI EILIZJ, ELV.
Renewal:12-31-2021
Covered:6500
  1. EMPLOYEE ASSISTANCE PROGRAM

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 48,437
Commission0% $ 0
Fees0% $ 0
OWCVPLSECH IUONFSYIP MQEHUSZ GK JCDGWLC
Renewal:12-31-2021
Covered:2601
  1. Life Insurance
  2. Temp. Disability Insurance
  3. Long Term Disab. Ins
  4. ACCIDENTAL DEATH AND DISMEMBERMENT

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 1,358,451
Commission8.64% $ 117,416
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).

    4H - Long-term disability.

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

    4Q - Other.