Queen Cleaning, LLC

800 Sawgrass Ln.
Mechanicsburg, PA 17050

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 1st percentile compared to peers.
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.

  • 13% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 75th percentile at 2.5% of the market.
Average

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2022

1.050
2021

1.050
2021
09-03-2020

1.050
2021
09-25-2020

1.850
2020

1.620
2019

1.620
2019
04-27-2018

2.379

Contacts

Industry Classification

Retirement Benefits

Financials

20212020
BOY Assets: $ 0
Liabilities: $ 0
EE Contrib: $ 0 $ 3
Emp Contrib: $ 0 $ 2
Income/Loss: $ 0 $ 843
Total Income: $ 0
Paid Benefits: $ 0 $ 3
Expenses: $ 0 $ 679
  Commission: $ 0 $ 9
Net Income: $ 0
Net Assets: $ 0

Participants

20212020
Total Participants:b
Active Part.:5
Retired Part.:3e
Deceased Part.:9a

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.

    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.