LIBERTY LAND ABSTRACT INC

4240 BELL BLVD STE 103
BAYSIDE, NY 11361

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 100% 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.

  • 6% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 75th percentile at 27.8% of the market.
Good

Business Stats

Policy History

Term Carrier LCM
2023

2.144
2022

1.486
2022

1.486
2022

2.286
2021

1.486
2020

1.486
2019

1.351
2018

1.216
2017

1.216

Contacts

Ediq Noz
President
(242) 991-0930
ww@txampolmerszzpc.uul

NTUIEJKI CSMIWRZGLJHP
Benefits Admin
(725) 228-4399
b2c

Industry Classification

Retirement Benefits

Financials

2021202020192018201720162015
BOY Assets: $ 589,594 $ 400,041 $ 250,310 $ 810,904 $ 43,738 $ 73,897
Liabilities: $ 0 $ 433 $ 0 $ 8 $ 43 $ 34 $ 0
EE Contrib: $ 191,491 $ 956,368 $ 808,969 $ 18,402 $ 11,230 $ 92,865 $ 84,875
Emp Contrib: $ 57,102 $ 88 $ 3 $ 68 $ 6 $ 5
Income/Loss: $ 106,585 $ 83,490 $ 62,501($ 36,493) $ 85,467 $ 6,064($ 735)
Total Income: $ 355,178 $ 62,975 $ 545,672 $ 722 $ 12,072 $ 58,051 $ 25,365
Paid Benefits: $ 10,283 $ 341 $ 89 $ 1 $ 1 $ 5
Expenses: $ 0 $ 4 $ 5 $ 983 $ 887 $ 51 $ 6
  Commission: $ 637 $ 687 $ 3 $ 737 $ 91 $ 4 $ 3
Net Income: $ 344,258 $ 913,690 $ 276,672 $ 35,505 $ 78,198 $ 66,399 $ 33,971
Net Assets: $ 933,852 $ 421,593 $ 445,278 $ 992,076 $ 618,545 $ 83,608 $ 24,267

Participants

2021202020192018201720162015
Total Participants:58470168978420
Active Part.:42799089287889
Retired Part.:94d6 48793
Deceased Part.:4c01958245

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.