HY-C CO LLC

10950 LINPAGE PL
SAINT LOUIS, MO 63132

Talking Points

For the Agent

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

  • A break in policy terms may indicate inconsistent work load which can result in substandard employment.
Needs Attention

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 57% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
  • In the last year, LCM Increased by 34%. While peers Increased an average of 7%.
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.

  • 9% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 95th percentile at 22.3% of the market.
Good

Business Stats

Policy History

Term Carrier LCM
2022

1.290
(Current: 1.320)
2022
11-30-2021

1.580
2022
07-07-2022

1.370
2021

1.199
2021
11-30-2021

1.180
2020
03-20-2020

1.180
2019
11-30-2019

1.440
2018
11-30-2018

-

Contacts

BYMU LUYFGB
Benefits Admin
(558) 730-8417
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BGLKX VGGNWXA
Benefits Admin
(156) 160-8372
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President
(656) 593-2764
5342

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Benefits Admin
(333) 679-4505
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XCYOXRP HYKKFMAZT
Benefits Admin
(360) 547-7560
2255

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 3,781,273 $ 8,288,586 $ 5,311,806 $ 4,604,365 $ 6,502,779 $ 4,326,029 $ 4,947,017 $ 8,009,838 $ 5,823,531 $ 9,687,146 $ 1,826,535 $ 5,011,827
Liabilities: $ 0 $ 1 $ 3 $ 5 $ 452 $ 24
EE Contrib: $ 209,733 $ 663,974 $ 75,904 $ 816,687 $ 709,988 $ 218,290 $ 956,725 $ 925,636 $ 590,254 $ 464,007 $ 852,853 $ 151,184
Emp Contrib: $ 78,675 $ 90,705 $ 67,382 $ 87,779 $ 54,551 $ 50,219 $ 30,415 $ 78,842 $ 5 $ 95,837 $ 30,563 $ 95,632
Income/Loss: $ 471,551 $ 147,055 $ 65,664($ 934,484) $ 153,602 $ 382,039($ 76,295) $ 127,008 $ 614,992 $ 414,450($ 636) $ 760,445
Total Income: $ 759,959 $ 82,934 $ 111,201 $ 36,087 $ 31,979 $ 531,948 $ 217,100 $ 155,300 $ 359,973 $ 947,691 $ 36,955 $ 310,141
Paid Benefits: $ 468,568 $ 671,383 $ 3,826,775 $ 964,404 $ 457,491 $ 432,934 $ 30,480 $ 885,286 $ 414,240 $ 63,187 $ 709,728 $ 136,593
Expenses: $ 0 $ 3 $ 10 $ 680 $ 3 $ 8 $ 3 $ 300,000,000 $ 0 $ 1 $ 30
  Commission: $ 8,630 $ 4,065 $ 3,418 $ 7,036 $ 1,557 $ 7,737 $ 4,417 $ 8,832 $ 6,145 $ 44,937 $ 10,167 $ 50,547
Net Income: $ 282,761 $ 472,239($ 171,435)($ 45,171) $ 732,783 $ 390,362 $ 612,498 $ 335,265 $ 728,135 $ 470,494($ 116,969) $ 37,801
Net Assets: $ 4,064,034 $ 2,567,592 $ 8,450,521 $ 1,447,764 $ 1,627,558 $ 6,085,869 $ 8,742,690 $ 6,418,043 $ 467,818 $ 7,477,503 $ 1,199,471 $ 7,377,098

Participants

202120202019201820172016201520142013201220112010
Total Participants:1015970887010129691635070
Active Part.:6618206244817542f34f d0e7
Retired Part.:ac851e8cbe905bbc5a
Deceased Part.:8a33a91b87f71b92b84d738337

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

    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.

    2R - Participant-directed brokerage accounts provided as an investment option under the plan.

    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.

Motor Carrier