CORNERSTONE SYSTEMS INC

3250 PLAYERS CLUB PKWY
MEMPHIS, TN 38125

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 78% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
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.

  • 15% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 95th percentile at 12.8% of the market.
Good

Business Stats

Policy History

Term Exp. Mod Carrier Premium LCM
2023

3.105
2023

2.580
2023

2.310
2023

-
2023

2.099
2023

2.438
2023

2.412
2023

2.220
2023

1.955
2022

2.858
2022

2.310
2022

2.401
2022

-
2022

2.099
2022

2.255
2022

2.559
2022

2.220
2022

1.955
2021

1.316
2021

2.203
2021

1.370
2021

-
2021

-
2021

1.950
2021

1.419
2021

3.152
2021

2.758
2021

1.751
2020

2.203
2020

1.183
2020

-
2020

1.950
2020

1.419
2020

2.868
2020

2.187
2020

1.751
2020
07-01-2020

-
2019

1.985
2019

2.603
2019

-
2019

1.419
2019

2.658
2019

2.092
2019

1.718
2018

2.158
2018

-
2018

1.351
2018

2.416
2018

1.658
2018

1.062
2018

-
2017

-
2017

-
2017

-
2017

1.537
2017

-
2017

-
2017

-
2017
07-01-2017

1.760
2017
07-01-2017

-
2016

1.760
2016

-
2016

-
2016

-
2016

1.537
2016

-
2016

1.665
2016

2.184
2016

-
2016
07-01-2015

-
2016
07-01-2015

-
2016
07-01-2015

2.178
2015

-
2015

-
2015

-
2015

-
2015

2.008
2015

-
2015

2.184
2015

-
2014

-
2014

-
2014

-
2014

-
2014

-
2013

-
2013

-
2013
07-01-2013

-
2012

-
2012

-
2012
07-01-2012

-
2011

-
2011

-
2011
07-01-2011

-
2010

-
2010
07-01-2010

-

Contacts

Gqxib Flazg
(983) 900-9739
huxdw@bqjehggsybg-mdclhaj.rox

87b
(995) 284-8610
lfgcr@ymgrmcvutyj-wdqxwtg.ost

Bafdn Qvtphsfbbx
Manager
(532) 477-7908
31f

Okldf Xrkqtfkfd
Principal
(215) 778-5992
f 2b

TZJ MFYN
Benefits Admin
(790) 486-6451
8337

PTWZOSJ KAANHP
Benefits Admin
(030) 722-5885
3352

IZO RUFA
Benefits Admin
(885) 584-2725
ca3

GSMRXC QOIKW
Benefits Admin
(361) 726-4993
23290

Kgqrxx (Umrbuk) Uocbvsgb
AVP Sales
(173) 067-3916
qnhqrhzno@pppqpemoodg-zddfbsn.xgj

RAGENK EEKPZ
Director of Human Resources
(252) 284-7670
btmahr@wfmjdhuejgk-bfrqgzk.wbr

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 12,640,112 $ 47,678,963 $ 8,709,438 $ 3,185,212 $ 7,543,146 $ 9,137,980 $ 5,091,283 $ 1,965,128 $ 7,183,659 $ 9,143,269 $ 1,357,596 $ 8,317,860
Liabilities: $ 0 $ 67 $ 8 $ 60 $ 0 $ 79
EE Contrib: $ 1,011,749 $ 876,845 $ 192,333 $ 815,197 $ 47,900 $ 672,000 $ 366,080 $ 91,572 $ 101,248 $ 896,293 $ 779,676 $ 522,492
Emp Contrib: $ 517,090 $ 198,956 $ 33 $ 35 $ 5 $ 474,279 $ 2 $ 9 $ 4 $ 73,330
Income/Loss: $ 1,286,690 $ 5,419,794 $ 3,445,171($ 477,131) $ 6,257,630 $ 439,780($ 53,938) $ 607,921 $ 3,580,330 $ 960,801($ 258,390) $ 615,916
Total Income: $ 3,414,735 $ 5,179,038 $ 3,168,514 $ 28,389 $ 2,038,692 $ 3,590,651 $ 818,520 $ 815,339 $ 8,593,297 $ 847,970 $ 473,894 $ 793,364
Paid Benefits: $ 283,720 $ 240,083 $ 305,588 $ 939,529 $ 539,288 $ 721,404 $ 742,932 $ 499,255 $ 273,807 $ 257,837 $ 315,939 $ 50,155
Expenses: $ 0 $ 961 $ 98 $ 9 $ 99 $ 4 $ 9 $ 2 $ 2 $ 0
  Commission: $ 63,663 $ 27,761 $ 83,533 $ 60,390 $ 90,113 $ 55,669 $ 9,854 $ 468 $ 872 $ 917 $ 655 $ 697
Net Income: $ 3,067,352 $ 5,104,851 $ 5,377,144($ 288,804) $ 4,088,932 $ 140,344 $ 742,429 $ 955,167 $ 3,362,562 $ 338,421 $ 58,641 $ 778,482
Net Assets: $ 15,707,464 $ 1,552,600 $ 28,401,801 $ 8,622,565 $ 5,963,051 $ 150,744 $ 3,061,083 $ 9,199,200 $ 2,729,437 $ 108,177 $ 2,090,227 $ 6,158,379

Participants

202120202019201820172016201520142013201220112010
Total Participants:200815695879402384102382863028451130
Active Part.:176386277574304364633565795049896783
Retired Part.:168264dbb4a25f2c47461fa691
Deceased Part.:1382981373f43b314a8e

Insurance

No Insurance Coverage

Providers

TIRODZEL ZWCGVJEONDF XYOGQIJHFZVSV
VNVMXGJ DGGNS & ESSPRLSOHJ LAWInvestment advisory (plan)
Compensation:$33,626
Relation:ADVISOR
LTSNQKKF BBZJXLSZUGL TGJTWYENADMUQParticipant loan processing
Sub-transfer agency fees
Recordkeeping fees
Account maintenance fees
Compensation:$30,037
Relation:RECORDKEEPER
ULUMLDQH LCJNPKHDTND HVIICJNFZHAQB
Source: AF BALANCED R5 - AMERICAN FUNDS SE
Sub-transfer agency fees
Compensation:0.05%
OXKBENXP LJKHMRFDLBX NFULAPJHTTSEI
Source: AF EUROPAC GROWTH R5 - AMERICAN FU
Sub-transfer agency fees
Compensation:0.05%
DYQDGBUG HPGIBFHLUXD RBLQMURLAFJIP
Source: GS SM CP VAL INS INV - GOLDMAN SAC
Sub-transfer agency fees
Compensation:0.25%
ZAVIBEKV MOMWXRRVHUP ZDABDOGGPKYOP
Source: MFS INTL INTR VAL R4 - MFS SERVICE
Sub-transfer agency fees
Compensation:0.15%
GPZVDJOA HWNDDWGJOXH IOJABWNHIHZBI
Source: THORNBURG LT INC R5 - DST ASSET MA
Sub-transfer agency fees
Compensation:0.20%
QIVWMIDP MLXNCZOOXSA UCTRACMELSEMP
Source: TRP BLUE CHIP GR ADV - T. ROWE PRI
Sub-transfer agency fees
Compensation:0.40%
CBMPSAZC MNMEHOBPYTZ QEKUEOFDAFGTC
Source: TRP MID CAP VAL ADV - T. ROWE PRIC
Sub-transfer agency fees
Compensation:0.40%

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.

    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.

Health Benefits

Financials

20212020201920182017201620152014201320122011
BOY Assets: $ 0 $ 9 $ 7 $ 1 $ 4 $ 32 $ 9 $ 9
Liabilities: $ 0 $ 48 $ 4 $ 0 $ 4 $ 97 $ 0 $ 0
EE Contrib: $ 0 $ 3 $ 702 $ 5 $ 5 $ 90 $ 3
Emp Contrib: $ 0 $ 87 $ 1 $ 5 $ 8 $ 14 $ 334
Income/Loss: $ 0 $ 2 $ 47 $ 7 $ 245 $ 45 $ 8
Total Income: $ 0 $ 16 $ 95 $ 20 $ 4 $ 2 $ 4 $ 9 $ 4
Paid Benefits: $ 0 $ 2 $ 7 $ 8 $ 78 $ 7 $ 487 $ 34 $ 37
Expenses: $ 0 $ 4 $ 4 $ 13 $ 8 $ 19 $ 1 $ 3
  Commission: $ 0 $ 4 $ 80,000,000 $ 30 $ 85 $ 9 $ 0
Net Income: $ 0 $ 58 $ 8 $ 51 $ 5 $ 1 $ 5 $ 3 $ 1
Net Assets: $ 0 $ 21 $ 4 $ 6 $ 3 $ 1

Participants

20212020201920182017201620152014201320122011
Total Participants:194711098069504402625478507634772
Active Part.:193962381303523918501293842816402
Retired Part.:120516327027
Deceased Part.:24db8 e2235d25143ce3c

Insurance

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Renewal:09-30-2021
Covered:352
  1. Dental

Retention: $ 16,161
Claims: $ 0
Loss Ratio:0
Exp Rated Premium $ 119,716
Non-Exp Rated Premium: $ 0
Commission0% $ 0
Fees0% $ 0
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Renewal:09-30-2021
Covered:193
  1. Life Insurance
  2. AD&D

Retention: $ 10,336
Claims: $ 30,956
Loss Ratio:0.94
Exp Rated Premium $ 32,956
Non-Exp Rated Premium: $ 0
Commission7.12% $ 2,348
Fees0% $ 0
Brokers
SIOAYZ BSDRBAK HQXQ
Renewal:09-30-2021
Covered:128
  1. Vision

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 18,590
Commission5.68% $ 1,055
Fees0% $ 0
Brokers
KOIPLBPF MQEONQDZT FBDPQJD
Renewal:09-30-2021
Covered:193
  1. Long Term Disab. Ins

Retention: $ 39,224
Claims: $ 7,961
Loss Ratio:0.17
Exp Rated Premium $ 47,185
Non-Exp Rated Premium: $ 0
Commission9.34% $ 4,405
Fees0% $ 0
Brokers

Providers

No Providers

Features

    4A - Health (other than vision or dental).

    4B - Life insurance.

    4D - Dental.

    4E - Vision.

    4H - Long-term disability.

    4Q - Other.