ILUKA RESOURCES NC LLC

413 BECKER DR
ROANOKE RAPIDS, NC 27870

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 Very Good, in the 31st percentile compared to peers.
  • In the last year, LCM Increased by 34%. While peers Increased an average of 3%.
Average

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.

  • 11% of peers have changed carriers since last year.
  • Of those who changed carriers, 7.8% decreased their LCM vs those who stayed with their current provider who saw a 4.2% increase.
  • Current Carrier's market share is in the 1st percentile at 0.2% of the market.
Needs Attention

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2023

1.430
2023

1.320
2022

-
2022

1.070
2022

1.060
2021

-
2021

1.070
2021

1.060
2020

-
2020

2.060
2020

1.900
2019

-
2019

1.720
2019

1.520
2018

-
2018

1.720
2018

-
2018

1.520
2017

-
2017

1.430
2017

-
2017

1.320
2016

-
2016

1.430
2016

-
2016

1.320
2015

-
2015

1.430
2015

-
2015

1.320
2014

-
2014

1.430
2014

-
2013

1.430
2013
10-31-2013

-
2012

-
2011
12-03-2011

-
2010

-
2009
10-31-2009

-

Contacts

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(693) 959-5567
c274

8d
(327) 031-3155
1635

MHJEGE WFAXSZSVXL
Benefits Admin
(449) 083-1939
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GXGPTMVU RIQCYVP
Benefits Admin
(097) 319-0326
8f9

BCHXIB QKGBWGDKWE
Benefits Admin
(651) 808-6924
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Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142010
BOY Assets: $ 9,391,432 $ 8,164,794 $ 3,472,199 $ 8,009,369 $ 5,501,401 $ 8,056,714 $ 5,164,659 $ 75,108,634 $ 9,680,437
Liabilities: $ 0 $ 2 $ 9
EE Contrib: $ 392,532 $ 699,416 $ 247,436 $ 770,380 $ 357,434 $ 535,821 $ 690,871 $ 497,029 $ 594,727
Emp Contrib: $ 233,330 $ 500,348 $ 846,203 $ 63,774 $ 939,236 $ 830,084 $ 293,548 $ 953,673 $ 307,618
Income/Loss: $ 1,275,076 $ 8,227,172 $ 9,668,524($ 191,500) $ 3,701,292 $ 895,622($ 944,053) $ 30,216 $ 186,927
Total Income: $ 1,900,938 $ 2,685,217 $ 2,495,975($ 22,149) $ 4,477,637 $ 6,892,813 $ 4,737,339 $ 4,670,235 $ 3,667,258
Paid Benefits: $ 1,387,726 $ 183,250 $ 910,213 $ 1,168,374 $ 7,436,478 $ 2,847,881 $ 5,570,585 $ 2,269,798 $ 2,303,863
Expenses: $ 0 $ 52 $ 62 $ 4
  Commission: $ 33,137 $ 43,152 $ 3,640 $ 29,447 $ 63,599 $ 86,589 $ 40,342 $ 5,092 $ 4,740
Net Income: $ 480,075 $ 685,389 $ 364,049($ 414,845) $ 169,157($ 368,524)($ 8,528)($ 100,139)($ 5,843)
Net Assets: $ 9,871,507 $ 16,033 $ 9,396,855 $ 9,693,725 $ 8,145,287 $ 3,300,008 $ 5,864,032 $ 3,500,633 $ 5,673,787

Participants

202120202019201820172016201520142010
Total Participants:7652192575821110511575
Active Part.:392346753479500089174
Retired Part.:f7c2a681 a2
Deceased Part.: 104c281da50

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.

    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.

    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.

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