CARISBROOK TECHNOLOGY SERVICES LLC

30485 SW BOONES FRY RD STE 202
WILSONVILLE, OR 97070

Talking Points

For the Agent

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

  • Increasing LCM and decreasing market share may indicate carrier is tightening underwriting guidelines and/or has written higher risk accounts that they are less willing to fight for.
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 80% 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.

  • 5% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 75th percentile at 0.7% of the market.
Good

Business Stats

Policy History

Term Carrier Premium LCM
2023

2.091
2022

1.510
2022

2.091
2021

1.656
2021

1.730
2020

1.730
2019

1.730
2013

-

Contacts

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(102) 018-4102
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(985) 242-2065
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(747) 606-0840
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Benefits Admin
(698) 859-9188
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Benefits Admin
(327) 585-1677
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Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 1,541,537 $ 7,262,625 $ 6,296,822 $ 8,187,428 $ 117,568 $ 359,742 $ 925,039 $ 91,123 $ 103,999 $ 913,603 $ 280,834 $ 500,341
Liabilities: $ 3 $ 2 $ 6 $ 3 $ 6 $ 249 $ 4 $ 9
EE Contrib: $ 63,225 $ 41,348 $ 20,391 $ 13,178 $ 87,625 $ 786,849 $ 14,024 $ 33,844 $ 37,352 $ 60,927 $ 50,577 $ 54,492
Emp Contrib: $ 26,192 $ 43,822 $ 90,761 $ 51,473 $ 1,000 $ 0 $ 30,937 $ 10,758 $ 45,985 $ 3,310
Income/Loss: $ 130,738 $ 796,106 $ 327,464($ 83,816) $ 37,815($ 9,500) $ 39,782 $ 6,871 $ 60,051($ 72,570) $ 60,135
Total Income: $ 220,155 $ 196,845 $ 414,214 $ 88,161 $ 560,326 $ 709,413 $ 68,970 $ 97,349 $ 119,519 $ 411,806 $ 58,593 $ 67,178
Paid Benefits: $ 44,682 $ 939 $ 32,218 $ 58,642 $ 25,764 $ 83,914 $ 19,211 $ 9,229 $ 22,300 $ 1,643 $ 96,498 $ 33,662
Expenses: $ 0 $ 23 $ 41 $ 9 $ 513 $ 6 $ 5
  Commission: $ 350 $ 63 $ 865 $ 489 $ 970 $ 317 $ 6 $ 99
Net Income: $ 175,123 $ 360,940 $ 830,074($ 1,377) $ 955,626 $ 96,451($ 6,162) $ 76,160 $ 896,392 $ 590,274 $ 75,318 $ 21,237
Net Assets: $ 1,716,657 $ 6,746,375 $ 2,917,220 $ 1,537,270 $ 5,374,225 $ 26,309 $ 361,313 $ 45,783 $ 757,463 $ 179,816 $ 340,964 $ 277,585

Participants

202120202019201820172016201520142013201220112010
Total Participants:490540367304985977685983
Active Part.:4376850735205571fee9 fb1
Retired Part.:493a3a34a8a920885e3a
Deceased Part.:09e105904f926b2706042

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.

    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.

    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.