Gmds LLC

1710 Walton Rd, Ste 207
Blue Bell, PA 19422

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 Very Good, in the 28th percentile compared to peers.
  • In the last year, LCM Increased by 5%. While peers Increased an average of 2%.
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.

  • 2% of peers have changed carriers since last year.
  • Of those who changed carriers, 18.1% decreased their LCM vs those who stayed with their current provider who saw a 2.9% increase, a difference of roughly 6x.
  • Current Carrier's market share is in the 95th percentile at 13% of the market.
Needs Attention

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2022

1.764
2021

1.680
2020

1.631
2019

1.631
2018

1.631
2017

1.673
2016

1.632
2015

1.632
2014

-
2013

-
2012

-

Contacts

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Managing Director
(922) 411-1548
vhx686@emtek.nhp

VDGLWZAU GEEIHCHH
Benefits Admin
(491) 187-7965
58 b

78
(570) 863-9202
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Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 2,263,472 $ 3,719,099 $ 8,249,193 $ 7,959,687 $ 9,468,486 $ 452,880 $ 156,754 $ 632,222 $ 560,072 $ 511,642 $ 495,028 $ 37
Liabilities: $ 0 $ 1 $ 934 $ 0 $ 14 $ 43 $ 0 $ 519
EE Contrib: $ 0 $ 2 $ 5 $ 2 $ 5
Emp Contrib: $ 450,000 $ 673,664 $ 464,814 $ 944,122 $ 22,148 $ 924,798 $ 141,660 $ 159,622 $ 67,742 $ 150,260 $ 6,456 $ 460,953
Income/Loss: $ 223,267 $ 22,212 $ 922,501($ 67,222) $ 34,602 $ 75,134($ 79,353) $ 57,840 $ 94,226 $ 6,213 $ 6
Total Income: $ 673,267 $ 82,167 $ 35,035 $ 232,327 $ 273,662 $ 287,013 $ 787,987 $ 991,562 $ 424,824 $ 791,367 $ 335,115 $ 905,825
Paid Benefits: $ 0 $ 79 $ 8 $ 1 $ 7 $ 9 $ 9 $ 9 $ 70
Expenses: $ 0 $ 96 $ 53 $ 1 $ 32
  Commission:($ 15,063) $ 24,435 $ 41,088 $ 7,942 $ 5,719 $ 4,334 $ 106 $ 746 $ 773 $ 246
Net Income: $ 688,330 $ 461,693 $ 434,061 $ 442,993 $ 141,412 $ 120,861 $ 228,668 $ 291,702 $ 791,608 $ 973,846 $ 203,093 $ 778,307
Net Assets: $ 2,951,802 $ 5,742,160 $ 898,823 $ 2,343,822 $ 4,360,818 $ 1,848,233 $ 165,568 $ 423,413 $ 585,475 $ 804,019 $ 13,909 $ 159,256

Participants

202120202019201820172016201520142013201220112010
Total Participants:779924711952
Active Part.:28846527e49524f3
Retired Part.:b2d4d8b6fdb492987d588 d488906
Deceased Part.:82cb2e2acc506a1c38a3a

Insurance

No Insurance Coverage

Providers

No Providers

Features

    1A - Benefits are primarily pay related

    3B - Plan covering Self-Employed individuals.

    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.