ABA Services LLC

C/O Chad Parker 249 Wyoming Rd
Osterburg, PA 16667

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 in-line with peers, in the 61st percentile.
  • Mod increased by more than 75% of peers.
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 72% 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.

  • 26% of peers have changed carriers since last year. This might indicate carriers are competing aggresively for similar businesses to cover.
  • Of the 26% of peers who changed carriers, This might indicate carriers are competing aggresively for similar businesses to cover.
  • Current Carrier's market share is in the 25th percentile at 3.2% of the market.
Needs Attention

Similar Businesses

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2024

2.009
2023

2.009
2022

2.009
2021

1.913
2020

1.857
2019

1.857
2018

1.857
2017

1.857
2016

1.812
2015

1.812
2014

-
2013

-

Contacts

Industry Classification

Retirement Benefits

Financials

202320212020
BOY Assets: $ 169 $ 26
Liabilities: $ 0 $ 88 $ 1
EE Contrib: $ 0 $ 5,023 $ 1
Emp Contrib: $ 0 $ 2,800 $ 2
Income/Loss: $ 10 $ 710 $ 1
Total Income: $ 10 $ 7,650 $ 1
Paid Benefits: $ 0 $ 22
Expenses: $ 0 $ 779
  Commission: $ 179 $ 6
Net Income:($ 169) $ 5,186
Net Assets: $ 0 $ 5,761

Participants

202320212020
Total Participants:634
Active Part.:448
Retired Part.:60f4
Deceased Part.:e38

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.

    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.

Motor Carrier