NEW DESTINY HOLDINGS CORP

10240 SW NIMBUS AVE STE L1
PORTLAND, OR 97223

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 16th percentile compared to peers.
  • In the last year, LCM Decreased by 47%. While peers Increased an average of 2%.
Good

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, 8.3% decreased their LCM vs those who stayed with their current provider who saw a 1.2% decrease, a difference of roughly 7x.
  • Current Carrier's market share is in the 1st percentile at 3.7% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier LCM
2023

1.139
2022

2.168
2021

2.112
2020

2.112
2019

-

Contacts

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Owner
(378) 975-2415
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ONGEH BFFHQ PQGBQH
Benefits Admin
(783) 649-1271
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(899) 766-2219
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Industry Classification

Retirement Benefits

Financials

2021202020192018201720162015
BOY Assets: $ 1,678,552 $ 40,681 $ 160,472 $ 291,183 $ 830,468 $ 853,794 $ 6
Liabilities: $ 0 $ 27 $ 8 $ 63
EE Contrib: $ 116,521 $ 16,730 $ 27,588 $ 40,488 $ 16,836 $ 193,196 $ 228,098
Emp Contrib: $ 45,038 $ 99,416 $ 35,934 $ 88,771 $ 85,310 $ 20,898 $ 0
Income/Loss:($ 220,779) $ 437,937 $ 889,089($ 88,156) $ 5,802($ 38,921)($ 28,888)
Total Income:($ 59,220) $ 672,587 $ 272,245 $ 8,140 $ 35,997 $ 49,571 $ 61,242
Paid Benefits: $ 16,074 $ 259 $ 78,835 $ 9
Expenses: $ 525 $ 55 $ 992 $ 125 $ 60 $ 67 $ 8
  Commission: $ 0 $ 9 $ 0
Net Income:($ 75,819) $ 613,635 $ 34,602 $ 5,073 $ 48,177 $ 4,113 $ 984,304
Net Assets: $ 1,602,733 $ 9,412,135 $ 995,013 $ 591,665 $ 790,719 $ 550,553 $ 352,242

Participants

2021202020192018201720162015
Total Participants:26277111470246
Active Part.:25845354570298
Retired Part.:6b9f86bcd3f
Deceased Part.:2889de9ffc

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.

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

    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.