American Paving Co

139 Johnson Rd
Greensburg, PA 15601

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 in-line with peers, in the 42nd percentile.
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.

  • 17% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 50th percentile at 1.9% of the market.
Needs Attention

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2023

1.556
2022

1.556
2021

1.556
2020

1.560
2019

1.560
2018

1.560
2017

1.560
2017
05-03-2016

1.517
2017
09-16-2016

1.517
2016

1.517
2015

1.517
2014

-
2013

-
2012

-
2011

-
2010
05-03-2010

-
2009

-

Contacts

Yrdcfnw Fqeaep
Owner
(918) 693-2580
qrwrclw@xzqdrad.dqt

Industry Classification

Retirement Benefits

Financials

20212020201920182017
BOY Assets: $ 461,806 $ 1,807,982 $ 446,437 $ 365,134 $ 287,534
Liabilities: $ 0 $ 3 $ 9 $ 7
EE Contrib: $ 31,218 $ 20,368 $ 82,566 $ 85,151 $ 35,368
Emp Contrib: $ 11,097 $ 6,913 $ 3,137 $ 9,267 $ 6,430
Income/Loss: $ 90,502 $ 20,114 $ 378,776($ 43,494) $ 31,973
Total Income: $ 132,817 $ 14,226 $ 452,949($ 19,493) $ 613,735
Paid Benefits: $ 0 $ 643,306 $ 8,782 $ 88,152 $ 3,761
Expenses: $ 0 $ 9
  Commission: $ 7,899 $ 2,393 $ 8,729 $ 39,687 $ 6,973
Net Income: $ 124,918($ 943,300) $ 864,859($ 26,495) $ 710,876
Net Assets: $ 586,724 $ 581,763 $ 8,504,502 $ 899,598 $ 180,680

Participants

20212020201920182017
Total Participants:122550905
Active Part.:11808541
Retired Part.:ce116a6f56
Deceased Part.:740a9 7a

Insurance

No Insurance Coverage

Providers

No Providers

Features

    2E - Profit-sharing

    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.

    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)).

Motor Carrier