AMCOM COMMUNICATIONS INC

401 PROFESSIONAL DR STE 140
GAITHERSBURG, MD 20879

Talking Points

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 Higher than 97% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
  • LCM Increased by more than 75% of peers.
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, 14.7% decreased their LCM vs those who stayed with their current provider who saw a 5.4% increase, a difference of roughly 3x.
  • Current Carrier's market share is in the 99th percentile at 32.8% of the market.
Good

Business Stats

Policy History

Term Carrier LCM
2021

2.759
(Current: 2.959)
2019

2.604
2018

1.642
2017

1.642
2016

1.574
2015

1.574
2014

1.574

Contacts

QU V AUFOW
Admin
(112) 599-4156
fcd8

CU OWMVE
Admin
(076) 453-3011
4d178

Kk Sooha
Owner
(662) 265-4415
13b6

Industry Classification

Retirement Benefits

Financials

20202019201820172016201520142013201220112010
BOY Assets: $ 1,752,276 $ 8,741,161 $ 760,968 $ 8,001,264 $ 6,088,233 $ 2,688,806 $ 6,450,846 $ 5,726,471 $ 818,711 $ 670,663 $ 584,106
Liabilities: $ 0 $ 63 $ 504 $ 943 $ 46 $ 15
EE Contrib: $ 85,509 $ 55,133 $ 32,035 $ 65,966 $ 29,205 $ 303,434 $ 318,486 $ 287,012 $ 83,205 $ 17,082 $ 24,480
Emp Contrib: $ 17,487 $ 29 $ 90,160 $ 32,185 $ 48,607 $ 53,278 $ 37,772 $ 66,607 $ 6,527 $ 59,586 $ 740
Income/Loss: $ 158,578 $ 774,259($ 57,753) $ 929,899 $ 70,002($ 2,440) $ 49,382 $ 15,924 $ 99,426($ 8,135) $ 406,522
Total Income: $ 261,574 $ 149,177 $ 63,709 $ 591,665 $ 256,267 $ 298,385 $ 338,806 $ 409,202 $ 420,881 $ 70,914 $ 543,577
Paid Benefits: $ 129,833 $ 10,450 $ 887,169 $ 34,072 $ 494,109 $ 761,540 $ 52,322 $ 77,464 $ 1,319 $ 7,270 $ 779
Expenses: $ 150 $ 49 $ 513 $ 14 $ 4 $ 7 $ 5 $ 721
  Commission: $ 0 $ 251 $ 5 $ 287 $ 72 $ 5 $ 7 $ 7
Net Income: $ 131,591 $ 467,377($ 89,880) $ 782,993($ 170,469)($ 576,922) $ 713,592 $ 389,869 $ 623,382 $ 31,268 $ 358,625
Net Assets: $ 1,883,867 $ 6,195,608 $ 4,531,597 $ 4,528,709 $ 2,701,858 $ 4,103,038 $ 18,042 $ 4,728,521 $ 4,000,489 $ 216,466 $ 306,381

Participants

20202019201820172016201520142013201220112010
Total Participants:1503155575914006672873
Active Part.:86778268681163435087
Retired Part.:36023a53eaf6395aa58 5036
Deceased Part.:0f534 9fbe95fc98ea11

Insurance

No Insurance Coverage

Providers

No Providers

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.

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

    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.