EMG HOLDINGS LP

53 FOREST AVE FL 3
OLD GREENWICH, CT 06870

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 in-line with peers, in the 41st percentile.
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.

  • 12% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 95th percentile at 12.7% of the market.
Good

Business Stats

Policy History

Term Carrier Premium LCM
2023

1.802
2022

1.650
2022

1.360
2022

-
2022

1.850
2022

1.553
2022

1.159
2022

1.214
2021

1.360
2021
12-15-2021

-
2020

1.360
2019

0.897
2019

1.360
2018

1.196
2017

0.897
2016

0.897
2015

-
2015

-
2014

-

Contacts

Bxpa Jvpqo
Chief Executive Officer
(307) 170-2362
943e8

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 49,481,691 $ 57,463,372 $ 45,326,821 $ 48,207,082 $ 212,534 $ 46,323,787 $ 98,701,046 $ 54,588,232 $ 52,560,419 $ 38,265,901 $ 57,091,761 $ 699,598
Liabilities: $ 3,750 $ 5,559 $ 5,169 $ 711 $ 21 $ 18 $ 8,329 $ 7,454 $ 5,899 $ 413 $ 79
EE Contrib: $ 2,813,831 $ 1,644,427 $ 2,056,318 $ 3,062,062 $ 8,956,669 $ 3,528,493 $ 6,556,702 $ 1,959,948 $ 1,777,527 $ 8,788,238 $ 30,894 $ 8,861,184
Emp Contrib: $ 0 $ 1($ 339) $ 42 $ 5 $ 215 $ 5 $ 36
Income/Loss: $ 7,967,119 $ 4,652,223 $ 8,685,412($ 7,213,402) $ 953,157 $ 125,313($ 576,656) $ 9,538,016 $ 9,933,307 $ 4,512,782($ 202,723) $ 5,724,695
Total Income: $ 11,656,167 $ 979,443 $ 68,579,058 $ 52,357 $ 3,672,280 $ 2,412,191 $ 2,431,626 $ 5,212,257 $ 5,210,232 $ 2,437,729 $ 995,465 $ 1,840,433
Paid Benefits: $ 2,527,476 $ 884,275 $ 584,955 $ 289,232 $ 2,641,768 $ 470,637 $ 421,730 $ 409,084 $ 405,255 $ 370,538 $ 840,713 $ 93,845
Expenses: $ 0 $ 10 $ 4 $ 7 $ 3 $ 7
  Commission: $ 53,658 $ 30,761 $ 59,330 $ 64,406 $ 14,001 $ 97,108 $ 91,033 $ 33,172 $ 24,574 $ 91,284 $ 23,555 $ 339
Net Income: $ 9,075,033 $ 7,359,667 $ 5,047,654($ 122,899) $ 3,379,585 $ 2,314,594 $ 702,932 $ 7,564,845 $ 3,216,073 $ 374,836 $ 168,265 $ 4,888,842
Net Assets: $ 58,556,724 $ 74,509,834 $ 28,543,916 $ 65,311,203 $ 36,184,002 $ 84,551,751 $ 78,326,223 $ 19,233,511 $ 89,939,961 $ 94,900,635 $ 83,286,795 $ 2,569,797

Participants

202120202019201820172016201520142013201220112010
Total Participants:255294036884720516196873940037524263
Active Part.:165407633838662318291302984153605016
Retired Part.:448793fe97e7a48f534f4699
Deceased Part.:71fe44f4f50d6fdcf55c

Insurance

No Insurance Coverage

Providers

QHJ VHCEQFHK BMMTQ, JTQ.
JFVHAJPI ETU ETNM
46 STAUDEMAN AVE
LYNBROOK, NY 11563
Accounting (including auditing)
Other (specify)
Direct payment from the plan
Compensation:$20,550
Relation:NONE
IMM NCAQAIQQ SIYUL, YEH.Other (specify)
Recordkeeping fees
Participant loan processing
Direct payment from the plan
Recordkeeping and information management (computing, tabulating, data processing, etc.)
Investment management fees paid indirectly by plan
'Soft dollar' commissions
Compensation:$19,877
Relation:NONE
WBA UDCELFLZC JBIHZDWQ, LTW
1285 AVENUE OF THE AMERICAS
NEW YORK, NY 10019
Investment advisory (plan)
Direct payment from the plan
Compensation:$15,000
Relation:NONE

Features

    2E - Profit-sharing

    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.

    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.

    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.

    3H - Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

Health Benefits

Financials

202120202019201820172016201520142013201220112010200920082007
BOY Assets: $ 0 $ 6 $ 8 $ 79 $ 6 $ 8 $ 88 $ 4
Liabilities: $ 0 $ 406 $ 0 $ 837 $ 36 $ 80 $ 0 $ 0 $ 2
EE Contrib: $ 0 $ 7 $ 59 $ 94 $ 6 $ 3 $ 0 $ 0 $ 4 $ 0
Emp Contrib: $ 0 $ 0 $ 625 $ 5 $ 20 $ 2 $ 1 $ 41 $ 5 $ 1
Income/Loss: $ 0 $ 466 $ 65 $ 62 $ 5 $ 6 $ 55 $ 656 $ 8 $ 368
Total Income: $ 0 $ 8 $ 70 $ 8 $ 800,000 $ 9 $ 8
Paid Benefits: $ 0 $ 64 $ 8 $ 1 $ 49 $ 61 $ 46 $ 9 $ 8 $ 20 $ 8
Expenses: $ 0 $ 3 $ 4 $ 72 $ 12 $ 7 $ 5 $ 1 $ 459 $ 3 $ 1
  Commission: $ 0 $ 1 $ 98 $ 30 $ 6 $ 4 $ 4 $ 43 $ 3 $ 800
Net Income: $ 0 $ 58 $ 6 $ 5 $ 1 $ 61
Net Assets: $ 0 $ 86 $ 54 $ 905 $ 1 $ 2 $ 916 $ 4 $ 9 $ 607 $ 600

Participants

202120202019201820172016201520142013201220112010200920082007
Total Participants:266753605565727741460351565063317895184995884
Active Part.:266917276132529707544159543121080987951744727
Retired Part.:60409d34a44aa799f6562954
Deceased Part.:ed4b724dcfc574d20ec77f27

Insurance

FFMRB
Renewal:12-31-2021
Covered:167
  1. Dental
  2. Indemnity Contract

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 218,344
Commission6.96% $ 15,191
Fees3.98% $ 8,681
Brokers
QBJNDU YTEQRXU FRMJ
Renewal:12-31-2021
Covered:102
  1. Vision

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 13,145
Commission9.05% $ 1,189
Fees0% $ 0
Brokers
ZXBTR
Renewal:12-31-2021
Covered:
  1. AD&D

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 6,911
Commission11.73% $ 811
Fees5.82% $ 402
Brokers
TFFPC
Renewal:12-31-2021
Covered:
  1. Life Insurance

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 26,950
Commission8.36% $ 2,254
Fees5.81% $ 1,567
Brokers
QVOJQ
Renewal:12-31-2021
Covered:
  1. Long Term Disab. Ins

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 26,624
Commission11.59% $ 3,085
Fees5.81% $ 1,547
Brokers
FROON
Renewal:12-31-2021
Covered:266
  1. Health

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 1,370,622
Commission8.35% $ 114,486
Fees3.94% $ 53,937
Brokers
USS GHYW WTIB
Renewal:12-31-2021
Covered:
  1. AD&D

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 5,446
Commission9.93% $ 541
Fees4.13% $ 225
Brokers
YPA MVLM CJUH
Renewal:12-31-2021
Covered:
  1. Life Insurance

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 21,240
Commission4.58% $ 973
Fees4.14% $ 879
Brokers
YBM NMKG RHAA
Renewal:12-31-2021
Covered:
  1. Long Term Disab. Ins

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 19,531
Commission5.41% $ 1,056
Fees4.14% $ 809
Brokers

Providers

JXBRG FSARLT & MOYM RTVPHKEZU AWClaims processing
Direct payment from the plan
Compensation:$123,090
Relation:CLAIMS PROCESSING
WFIKQ ABOYOD & XAZY ERZSVIGJX QLCVA
Source: CIGNA HEALTHY REWARDS VENDORS
Claims processing
Contract Administrator
Named fiduciary
Participant communication
Other services
Direct payment from the plan
Non-monetary compensation
Float revenue
Compensation:VOLUME BASED MARKETING FEES PAID BY VENDORS PARTICIPATING IN THE CIGNA HEALTHY REWARDS PROGRAM WHICH OFFERS PLAN PARTICIPANTS DISCOUNTS ON VARIOUS SERVICES. FORMULA: $0.01 PMPY
MRKKB CZUYGC & BNYU ZXKVIRMRS GCHBJ
Source: OMADA HEALTH, INC.
Claims processing
Contract Administrator
Named fiduciary
Participant communication
Other services
Direct payment from the plan
Non-monetary compensation
Float revenue
Compensation:INDIRECT COMPENSATION RECEIVED BY CIGNA FOR SERVICES INCLUDING:(I)EXPLAINING THE OMADA SERVICES TO EXISTING AND PROSPECTIVE CLIENTS;(II)ENCOURAGING AT RISK INDIVIDUALS TO UTILIZE OMADA'S PREVENTIVE SERVICES. FORMULA: $0.46 PER PARTICIPANT

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.