ABA Services LLC

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

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.
  • LCM Increased by more than 75% of peers.
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.

  • 19% of peers have changed carriers since last year.
  • Of those who changed carriers, 2% increased their LCM vs those who stayed with their current provider who saw a 2.3% increase.
  • Current Carrier's market share is in the 1st percentile at 2.1% of the market.
Needs Attention

Business Stats

Policy History

Term Exp. Mod Carrier LCM
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

AYLUIF FPPDY
Benefits Admin
(227) 167-9470
877

GBEIC PWVLBA
Benefits Admin
(584) 780-2275
c858

EWMDTQFV FBHVL
Benefits Admin
(031) 134-3025
536

VCAPTH HNAZZKA
Benefits Admin
(685) 893-2569
785

FZNS MNHAWEWTGQF
Benefits Admin
(239) 612-2716
985c

Industry Classification

Retirement Benefits

Financials

20212020
BOY Assets: $ 0 $ 88
Liabilities: $ 0 $ 4
EE Contrib: $ 6,196 $ 9
Emp Contrib: $ 3,130
Income/Loss: $ 106 $ 3
Total Income: $ 9,432
Paid Benefits: $ 0 $ 1
Expenses: $ 0 $ 7
  Commission: $ 5
Net Income: $ 9,427 $ 34
Net Assets: $ 9,427 $ 49

Participants

20212020
Total Participants:278
Active Part.:268
Retired Part.:236
Deceased Part.:f9

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