NATIONAL COUNCIL ON AGING INC

112 N CIRCLE DR SUITE D
ROCKY MOUNT, NC 27804

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 high. It is in the 100th percentile compared to peers.
  • Mod increased by more than 75% of peers.
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 50th percentile.
  • In the last year, LCM Increased by 30%. While peers Increased an average of 4%.
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.

  • 5% of peers have changed carriers since last year.
  • Of those who changed carriers, 11.8% decreased their LCM vs those who stayed with their current provider who saw a 5.1% increase, a difference of roughly 2x.
  • Current Carrier's market share is in the 99th percentile at 34.7% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2023
AR
1.600
2023

-
2023

1.794
2023

1.440
2023
07-01-2022

1.440
2022

-
2022

1.380
2022
AR
1.300
2022

1.400
2022

1.512
2022

2.959
2022

1.984
2022
10-05-2021

1.440
2022
10-07-2021

1.693
2021
AR
-
2021

1.380
2021
AR
1.300
2021

1.400
2021

1.440
2021

2.759
2021

1.751
2021
09-08-2020

1.440
2020
AR
-
2020

1.380
2020
AR
1.300
2020

1.400
2020

1.390
2020

-
2020

2.604
2020

1.751
2020
04-02-2020
AR
1.440
2019

2.006
2019

1.950
2019
AR
-
2019

2.187
2019

1.718
2019

2.604
2019

1.718
2018

1.620
2018

-
2018

1.542
2018

1.450
2018

-
2018

-
2018

1.486
2018

2.827
2018

-
2018

2.053
2018

-
2017

1.456
2017

-
2017

1.542
2017

2.053
2017

1.450
2017

-
2017

2.549
2017

-
2017

-
2017

2.053
2017

-
2016

1.456
2016

-
2016

1.283
2016

1.450
2016

-
2016

-
2016

2.178
2016

-
2015

-
2015

-
2015

-
2015

-
2015

-
2015

1.460
2015

1.453
2015

-
2015
02-04-2015
AR
-
2015
07-01-2015
AR
1.425
2015
07-01-2015
AR
-
2014
AR
-
2014

-
2014

1.387
2014

-
2014
07-01-2014
AR
1.420
2013

-
2013

1.387
2013

-
2013
07-01-2013
AR
1.420
2012

-
2011

-
2011
07-01-2011

-
2011
07-01-2011

-
2010

-
2010
07-01-2010

-
2009

-

Contacts

68
(899) 396-8277
a026

df
(201) 052-4665
31814

Wvgl Yobxxy
President
(466) 732-3454
5d 2

Culk Q Qdseka Df
President
(239) 411-1207
pnkd.rdyucnt@rhglens.dts

Ualgnx Yibhu
Domain Registrant
(695) 189-5369
oqmkwt.hqaiy@lxex.pwg

NIBNT QFEFO
Benefits Admin
(262) 140-9261
1d0b3

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 14,785,252 $ 93,303,285 $ 83,415,479 $ 99,736,728 $ 9,599,578 $ 967,980 $ 9,872,799 $ 8,001,057 $ 4,528,774 $ 9,198,272 $ 2,270,434 $ 3,614,689
Liabilities: $ 0 $ 2 $ 5 $ 7 $ 8 $ 8
EE Contrib: $ 1,390,800 $ 8,446,365 $ 280,026 $ 373,763 $ 280,451 $ 617,872 $ 856,532 $ 649,038 $ 48,708 $ 331,345 $ 527,658 $ 424,908
Emp Contrib: $ 419,242 $ 860,716 $ 532,953 $ 403,517 $ 871,634 $ 344,583 $ 32,679 $ 711,920 $ 366,101 $ 847,668 $ 37,587 $ 516,393
Income/Loss: $ 985,783 $ 2,316,197 $ 2,791,620($ 627,065) $ 6,544,924 $ 907,124($ 556,802) $ 198,184 $ 241,363 $ 614,827($ 76,560) $ 787,101
Total Income: $ 3,614,462 $ 3,972,622 $ 4,107,973 $ 618,698 $ 6,822,668 $ 1,366,874 $ 815,048 $ 2,633,612 $ 4,421,727 $ 5,403,818 $ 70,664 $ 3,949,593
Paid Benefits: $ 5,351,183 $ 4,908,159 $ 3,258,445 $ 14,000 $ 720,177 $ 430,732 $ 140,320 $ 559,698 $ 255,530 $ 818,348 $ 942,600 $ 917,134
Expenses: $ 0 $ 9 $ 41 $ 0 $ 7 $ 3 $ 4 $ 4
  Commission: $ 32,550 $ 5,705 $ 70,310 $ 940 $ 7,675 $ 9,124 $ 9,193 $ 4,586 $ 9,692 $ 934 $ 6,784 $ 880
Net Income:($ 1,769,271) $ 7,324,545 $ 5,873,417($ 617,673) $ 2,383,007 $ 3,172,705 $ 575,252 $ 420,343 $ 8,583,715 $ 72,820 $ 87,457 $ 363,617
Net Assets: $ 13,015,981 $ 66,063,796 $ 22,425,180 $ 87,907,521 $ 81,702,442 $ 6,561,937 $ 781,000 $ 6,837,493 $ 4,779,021 $ 7,754,011 $ 9,536,365 $ 3,130,296

Participants

202120202019201820172016201520142013201220112010
Total Participants:94120464085639407738763595970682604
Active Part.:7091619076075624852084516
Retired Part.:6a04c96036f28d5b7add3e667
Deceased Part.:c372219f1171135c

Insurance

WKMBXLGQVR LZMJJUFLVA NKDWKDIQC QZS VSRFAQS IWEHZGB
Renewal:12-31-2021
Covered:94
PENSION_EOY_SEP_ACCT_AMT: 0PENSION_PREM_PAID_TOT_AMT: 0

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 0
Commission $ 0
Fees $ 0

Providers

KQAOXUFWPQ GCSVNBLVPU ZQFJEWECN ESR
HQTADJQC LCJ
EQPYZLS DPQVW,REYCIF,UIDXMW & DXFVBInvestment advisory (plan)
Compensation:$12,094
Relation:NONE
LPAOXPADSQ GPCSMXRUI, UOFInvestment advisory (plan)
Compensation:$9,493
Relation:NONE
KFZHQMII XFHOther (specify)
Recordkeeping fees
Participant loan processing
Recordkeeping and information management (computing, tabulating, data processing, etc.)
Direct payment from the plan
Float revenue
Compensation:$7,962
Relation:NONE
PNDGQMBAPK WXBHTCUDNS TWRNCJLOO SQEContract Administrator
Recordkeeping and information management (computing, tabulating, data processing, etc.)
Participant loan processing
Direct payment from the plan
Recordkeeping fees
Compensation:$3,001
Relation:NONE

Features

    2M - Code section 403(b)(7) accounts - See Limited Pension Plan Reporting instructions for Code section 403(b)(7) custodial accounts for regulated investment company stock for certain exempt organizations.

    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.

    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.

    2T - Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

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