ADISSEO USA INC

4400 N POINT PKWY, STE 275
ALPHARETTA, GA 30022

Talking Points

For the Agent

These are points that might help guide an agent as they look to approach a prospect.

  • Premium decrease and carrier tier change may indicate competitive situation and incumbent prevailed.
Needs Attention

Premium

Worker's Comp premium is based on two key factors - the LCM your carrier has filed to use, and the total payroll you run over the policy term, which is multiplied by the rate to determine premium. Comparing premium to businesses in the same industry and of similar size can indicate how fair your WC insurance provider's costs are relative to the market.

  • Premium is in-line with peers, in the 58th percentile.
  • In the last year, premium Decreased by 0%. While peers Increased an average of 4%.
Average

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 93% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
  • In the last year, LCM Decreased by 7%. While peers Increased an average of 3%.
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. Those who did, saw a 2.4% increase in premium vs those who stayed with their current provider had a 3.9% increase.
  • Current Carrier's market share is in the 95th percentile at 10.9% of the market.
Good

Business Stats

Policy History

Term Carrier Premium LCM
2024

3.320
2024

2.981
2024

-
2024

1.600
2024

2.141
2024

-
2024

2.350
2024

2.236
2024

2.000
2024

2.036
2024

1.750
2024

2.283
2024

2.070
2023

3.220
2023

3.197
2023

-
2023

2.465
2023

1.600
2023

2.141
2023

-
2023

-
2023

2.350
2023

2.375
2023

2.289
2023

2.036
2023

1.750
2023

2.283
2023

2.070
2023

2.228
2022

2.127
2022

2.228
2022

1.844
2022

1.943
2022

1.520
2022

1.824
2022

-
2022

-
2022

-
2022

1.891
2022

1.740
2022

1.766
2022

1.940
2022

1.840
2022

1.974
2022
01-25-2022

1.547
2021

2.130
2021

2.228
2021

1.449
2021

1.844
2021

1.943
2021

1.824
2021

-
2021

-
2021

1.891
2021

1.740
2021

1.766
2021

1.547
2021

1.720
2021

1.743
2021

1.835
2021

1.974
2020

-
2020

1.450
2020

-
2020

-
2020

-
2020

1.514
2020

1.070
2020

1.003
2020

-
2020
04-01-2020

1.280
2019

1.450
2019

-
2019

-
2019

-
2019

1.070
2019

1.280
2019

-
2019

1.003
2018

1.450
2018

-
2018

-
2018

-
2018

-
2018

1.280
2018

1.003
2018

-
2017

1.450
2017

-
2017

-
2017

-
2017

1.280
2017

1.003
2017

-
2016

-
2016

-
2016

-
2016

1.003
2015

-
2015

-
2015

-
2015

1.450
2015

-
2015
04-01-2014

-
2015
04-01-2014

-
2015
04-01-2014

-
2014

-
2014

-
2014

-
2014

-
2013

-
2013

-
2012

-

Contacts

VYQNWF PZTOPOIP
Admin
(386) 309-7980
e.txddupml@zwgetrt.hmk

XKWAOS LTSTXACT
Benefits Admin
(685) 551-1056
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Hcq Cwqzzt
President
(800) 793-2815
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(484) 528-3231
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Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 19,067,299 $ 745,417 $ 66,049,635 $ 53,650,301 $ 68,046,107 $ 7,451,316 $ 4,946,833 $ 9,277,990 $ 2,689,767 $ 18,840 $ 3,635,820
Liabilities: $ 0 $ 605 $ 3 $ 5 $ 8 $ 7 $ 87 $ 0 $ 86 $ 0
EE Contrib: $ 1,068,322 $ 9,521,581 $ 221,292 $ 940,244 $ 204,904 $ 488,910 $ 361,646 $ 23,966 $ 905,821 $ 348,092 $ 347,275 $ 310,915
Emp Contrib: $ 1,021,233 $ 721,904 $ 578,512 $ 499,414 $ 961,978 $ 720,703 $ 174,344 $ 848,592 $ 615,479 $ 746,334 $ 181,417 $ 395,205
Income/Loss: $ 3,106,212 $ 2,894,457 $ 3,919,287($ 81,159) $ 9,216,100 $ 495,142 $ 22,440 $ 671,058 $ 6,194,044 $ 576,306($ 25,310) $ 432,100
Total Income: $ 5,195,767 $ 3,007,282 $ 7,987,392 $ 77,438 $ 1,162,334 $ 9,566,622 $ 495,476 $ 6,705,808 $ 9,557,151 $ 4,919,728 $ 816,365 $ 9,040,267
Paid Benefits: $ 975,994 $ 3,554,221 $ 4,906,499 $ 5,451,754 $ 7,548,534 $ 977,964 $ 795,113 $ 648,804 $ 4,210,010 $ 405,972 $ 62,133 $ 913,337
Expenses: $ 0 $ 448 $ 8 $ 8 $ 5 $ 885
  Commission: $ 34,635 $ 54,164 $ 489 $ 713 $ 735 $ 688 $ 235 $ 245 $ 853 $ 827 $ 701 $ 422
Net Income: $ 4,185,138 $ 7,565,435 $ 5,856,737($ 465,087) $ 7,676,784 $ 1,600,549 $ 78,887 $ 77,503 $ 452,038 $ 4,410,039 $ 957,761 $ 361,348
Net Assets: $ 23,252,437 $ 44,089,227 $ 47,509,112 $ 75,766,465 $ 73,445,159 $ 70,757,810 $ 80,785,396 $ 9,996,027 $ 9,558,371 $ 4,400,994 $ 8,052,518 $ 6,946,573

Participants

202120202019201820172016201520142013201220112010
Total Participants:11116302576825475167790330
Active Part.:761164886335392431899893
Retired Part.:093 8c8d7e3ecb16b0aceb0ee
Deceased Part.:23a75b548ab13588ae01bf46

Insurance

No Insurance Coverage

Providers

No Providers

Features

    2A - Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).

    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)).