ARIES ENGINEERING INC

5295 NE ELAM YOUNG PKWY STE 13
HILLSBORO, OR 97124

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 73% 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.

  • 7% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 99th percentile at 44.7% of the market.
Good

Business Stats

Policy History

Term Carrier LCM
2023

1.550
(Current: 1.090)
2022

1.550
2021

1.520
2020

-
2019

-

Contacts

67
(452) 885-4450
bpkpw@lbepjgzb.zhk

DPPOX N. TINIFT
Benefits Admin
(293) 193-3674
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Oax Jzavngn
President
(868) 509-2380
8479c

YOJTLBA YLUBOVS
Benefits Admin
(654) 111-5170
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66d
(846) 882-6466
80c

Industry Classification

Retirement Benefits

Financials

2021202020192018201720162015201420132012
BOY Assets: $ 875,093 $ 554,168 $ 127,226 $ 185,373 $ 958,113 $ 451,397 $ 955,141 $ 917,546 $ 41,771 $ 90,167
Liabilities: $ 0 $ 3 $ 1 $ 4 $ 8 $ 551 $ 5 $ 16
EE Contrib: $ 85,480 $ 41,770 $ 49,736 $ 86,475 $ 75,869 $ 52,973 $ 65,622 $ 71,508 $ 74,987 $ 1,769
Emp Contrib: $ 79,513 $ 7,190 $ 47,874 $ 25,610 $ 56,331 $ 15,685 $ 11,909 $ 5,702 $ 51,241 $ 4,001
Income/Loss: $ 109,230 $ 146,607 $ 900,406($ 64,100) $ 4,302 $ 91,546 $ 7,954 $ 44,710 $ 47,776 $ 4,701
Total Income: $ 274,223 $ 632,856 $ 277,303 $ 20,696 $ 442,824 $ 608,759 $ 32,147 $ 53,037 $ 45,603 $ 49,464
Paid Benefits: $ 0 $ 9,734 $ 346,787 $ 3,608 $ 49,842 $ 3,509 $ 652 $ 500 $ 9,844
Expenses: $ 0 $ 8 $ 24 $ 5 $ 11 $ 6
  Commission: $ 340 $ 0 $ 476 $ 116 $ 46 $ 979 $ 895 $ 206 $ 21
Net Income: $ 273,883 $ 819,633 $ 221,358 $ 10,592 $ 273,349 $ 846,126 $ 44,169 $ 78,295 $ 67,139 $ 31,061
Net Assets: $ 1,148,976 $ 309,727 $ 602,479 $ 657,413 $ 148,711 $ 555,080 $ 471,352 $ 590,936 $ 679,961 $ 7,179

Participants

2021202020192018201720162015201420132012
Total Participants:20723525711483794
Active Part.:142024546992943872
Retired Part.:ed2af18ee817e06a78d
Deceased Part.:b6c8acabd6072db4c50fe8f

Insurance

No Insurance Coverage

Providers

No Providers

Features

    2E - Profit-sharing

    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.

    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.