Metals Recovery Holdings LLC

3000 GSK Drive, Suite 201
Moon Township, PA 15108

Talking Points

Experience Mod Rating

Mod is an indication of how risky a company is to insure. It is based on a company's claim history.

  • Experience Mod is very good. It is in the 20th percentile compared to peers.
  • There was a recent mod increase.
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 Very Good, in the 11th percentile compared to peers.
  • In the last year, LCM Increased by 33%. While peers Increased an average of 3%.
Average

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.

  • 10% of peers have changed carriers since last year.
  • Of those who changed carriers, 27.7% decreased their LCM vs those who stayed with their current provider who saw a 6.4% increase, a difference of roughly 4x.
  • Current Carrier's market share is in the 1st percentile at 3.4% of the market.
Needs Attention

OSHA

Most employers with 10 or more employees are required to maintain injury and illness records, known as the 300 log. In the event of an inspection, this information will likely be requested. Even without injury or claim, the proper documentation should be readily available on a location by location basis. These logs are critical but simple to maintain.

  • Businesses with serious and/or repeat violations should be provided with risk management practices to eliminate unnecessary risk and minimize what must exist in current processes.
Needs Attention

Business Stats

Policy History

Term Exp. Mod Carrier Premium LCM
2023

1.330
2022

0.750
2022

0.998
2021

1.350
2021

1.250
2021

1.330
2021

-
2021

1.280
2021
11-01-2021

1.630
2020

1.077
2020

0.750
2020

-
2020

0.957
2020
11-01-2020

-
2020
11-01-2020

0.998
2019

1.148
2019

0.750
2019

-
2019

1.043
2019
11-01-2019

-
2018

1.250
2018

-
2018

1.276
2018
11-01-2018

-
2017

1.250
2017

1.276
2016

1.250
2016

1.276
2015

1.250
2015

-

Contacts

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Manufacturing Executive
(921) 728-8825
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(825) 968-6713
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Domain Registrant
(458) 154-0621
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(347) 313-0797
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President
(065) 430-1207
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Benefits Admin
(840) 853-5971
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Benefits Admin
(539) 149-0413
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Benefits Admin
(494) 552-5450
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Benefits Admin
(555) 286-8815
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(565) 824-4758
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Manufacturing Executive
(883) 614-3915
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HR Generalist & Benefits Administrator
(725) 040-0942
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Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 22,007,800 $ 49,103,554 $ 78,118,561 $ 60,628,946 $ 44,934,527 $ 18,843,384 $ 23,605,358 $ 20,442,439 $ 23,918,736 $ 14,132,565 $ 89,685,299 $ 90,323,390
Liabilities: $ 0 $ 7 $ 8 $ 33 $ 2 $ 68
EE Contrib: $ 1,545,888 $ 7,010,202 $ 2,496,527 $ 686,707 $ 155,861 $ 762,314 $ 9,084,059 $ 649,227 $ 6,198,518 $ 1,710,837 $ 9,410,154 $ 2,237,106
Emp Contrib: $ 557,210 $ 818,991 $ 35,682 $ 793,687 $ 15,376 $ 99,171 $ 6,781 $ 291,732 $ 3,026,849 $ 7,289,532 $ 3,642,828 $ 9,570,594
Income/Loss: $ 2,359,606 $ 9,561,662 $ 1,956,431($ 250,226) $ 4,883,687 $ 336,902($ 25,469) $ 1,670,948 $ 2,633,675 $ 5,894,513($ 845,636) $ 3,102,720
Total Income: $ 4,505,553 $ 6,896,364 $ 8,933,279 $ 748,068 $ 3,897,716 $ 1,149,258 $ 952,054 $ 4,914,172 $ 648,996 $ 1,583,128 $ 2,098,551 $ 6,552,307
Paid Benefits: $ 2,481,929 $ 9,928,575 $ 4,182,336 $ 8,367,726 $ 947,312 $ 6,605,958 $ 9,811,793 $ 83,306,353 $ 5,263,031 $ 968,306 $ 1,806,916 $ 751,841
Expenses: $ 0 $ 5 $ 391 $ 95 $ 30 $ 75
  Commission: $ 77,254 $ 11,624 $ 53,303 $ 21,764 $ 43,228 $ 89,724 $ 53,412 $ 45,062 $ 65,538 $ 17,636 $ 7,518 $ 57,145
Net Income: $ 1,914,269 $ 1,783,080 $ 4,021,963($ 633,746) $ 6,818,159 $ 975,526($ 9,752,573)($ 92,145,316) $ 9,994,976 $ 512,668 $ 5,998,355 $ 2,985,231
Net Assets: $ 11,873,688 $ 14,877,883 $ 78,048,670 $ 37,081,621 $ 57,671,648 $ 18,926,617 $ 70,391,494 $ 25,198,268 $ 99,524,621 $ 36,219,502 $ 48,223,355 $ 84,947,608

Participants

202120202019201820172016201520142013201220112010
Total Participants:296879645596739700710365671472462289
Active Part.:232873396358161397184179846739913187
Retired Part.:e097706c6a791a7030cb
Deceased Part.:216158725475

Insurance

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Renewal:12-31-2021
Covered:298
PENSION_EOY_SEP_ACCT_AMT: 8868964PENSION_PREM_PAID_TOT_AMT: 0

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 0
Commission $ 0
Fees $ 0

Providers

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Participant loan processing
Direct payment from the plan
Recordkeeping fees
Compensation:$77,254
Relation:CONTRACT ADMINISTRATOR
BEBGX FLABW RNMEDZRM SKW TQMBXQRInvestment advisory (plan)
Other (specify)
Compensation:$21,746
Relation:INVESTMENT ADVISORY
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Source: PRINCIPAL LIFE INSURANCE COMPANY
Investment advisory (plan)
Other (specify)
Compensation:INVESTMENT ADVISORY (PLAN)

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.

    3H - Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

Health Benefits

Participants

2021
Total Participants:275
Active Part.:273
Retired Part.:2
Deceased Part.:

Insurance

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Renewal:12-31-2021
Covered:96
  1. BUSINESS TRAVEL ACCIDENT

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 750
Commission20% $ 150
Fees0% $ 0
Brokers
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Renewal:12-31-2021
Covered:489
  1. Life Insurance
  2. Long Term Disab. Ins
  3. AD&D

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 116,805
Commission9.72% $ 11,349
Fees0% $ 0
Brokers

Providers

No Providers

Features

    4A - Health (other than vision or dental).

    4B - Life insurance.

    4D - Dental.

    4E - Vision.

    4L - Death benefits (include travel accident but not life insurance).

    4Q - Other.


OSHA