Almatis, Inc.

501 W Park Road
Leetsdale, PA 15056

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 very good. It is in the 6th percentile compared to peers.
  • Mod decreased by more than 75% of peers.
Good

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 7th 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.

  • 10% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 95th percentile at 3.3% of the market.
Good

OSHA

Most employers with 10 or more employees are required to maintain injury and illness records, known as the 300 log. In the event of an inspection, this information will likely be requested. Even without injury or claim, the proper documentation should be readily available on a location by location basis. These logs are critical but simple to maintain.

  • Businesses with serious and/or repeat violations should be provided with risk management practices to eliminate unnecessary risk and minimize what must exist in current processes.
Needs Attention

Business Stats

Policy History

Term Exp. Mod Carrier Premium LCM
2023

0.975
2023

1.020
2022

0.975
2022

1.050
2022

1.020
2022

1.032
2021

1.070
2021

1.050
2021

1.020
2020

1.360
2020

1.050
2020

1.020
2019

1.170
2019
01-01-2019

1.310
2018

1.170
2018

1.310
2017

-
2017

1.140
2017

1.270
2016

-
2016

1.420
2015

1.420
2014

-
2014

-
2013

-
2013
03-27-2013

-
2012

-
2011

-
2010

-
2009
02-27-2009

-

Contacts

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President
(153) 664-2548
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Branch Manager
(743) 307-8734
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(452) 779-5064
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Principal
(137) 297-1786
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Benefits Admin
(777) 121-8772
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Benefits Admin
(189) 524-5462
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Managing Principal
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Benefits Admin
(069) 077-7681
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Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 49,537,905 $ 59,512,996 $ 77,360,742 $ 67,891,550 $ 43,441,640 $ 18,777,522 $ 88,653,012 $ 72,057,824 $ 20,255,658 $ 86,014,461 $ 88,530,529 $ 42,051,041
Liabilities: $ 0 $ 824 $ 6,314 $ 28,169 $ 4,222 $ 21,973 $ 8,980 $ 8,713 $ 24
EE Contrib: $ 1,444,953 $ 7,085,007 $ 2,827,216 $ 160,493 $ 4,958,242 $ 9,113,253 $ 4,937,323 $ 2,084,084 $ 3,316,768 $ 6,533,559 $ 4,385,351 $ 8,580,865
Emp Contrib: $ 1,132,815 $ 6,041,175 $ 5,177,078 $ 5,135,846 $ 1,473,551 $ 3,539,436 $ 3,487,974 $ 2,186,777 $ 9,946,829 $ 192,281 $ 7,363,766 $ 6,527,154
Income/Loss: $ 6,631,500 $ 8,228,329 $ 3,061,623($ 1,126,229) $ 5,118,552 $ 8,448,353($ 2,166,844)($ 516,676) $ 4,097,076 $ 7,606,422($ 2,449,493) $ 4,633,439
Total Income: $ 10,258,926 $ 3,855,222 $ 85,212,081 $ 7,791,551 $ 46,775,506 $ 7,106,634 $ 6,054,541 $ 4,853,751 $ 2,662,394 $ 1,293,916 $ 1,216,416 $ 9,297,867
Paid Benefits: $ 5,112,899 $ 1,758,404 $ 1,361,001 $ 1,970,739 $ 9,755,368 $ 6,189,330 $ 4,338,550 $ 9,233,813 $ 9,728,413 $ 5,599,490 $ 4,889,281 $ 215,797
Expenses: $ 0 $ 2 $ 1 $ 2 $ 4 $ 56 $ 2
  Commission: $ 139,862 $ 32,336 $ 44,278 $ 380,946 $ 60,088 $ 843,557 $ 86,291 $ 75,285 $ 457,701 $ 3,735 $ 4,977 $ 9,930
Net Income: $ 4,981,542 $ 3,951,721 $ 8,256,766($ 9,840,805) $ 1,339,971 $ 8,029,837 $ 3,528,743 $ 7,298,518 $ 4,325,188 $ 7,464,604 $ 953,606 $ 8,370,083
Net Assets: $ 54,519,447 $ 48,056,590 $ 66,496,939 $ 55,244,062 $ 37,481,490 $ 14,497,655 $ 33,287,644 $ 22,996,471 $ 47,847,346 $ 2,176,521 $ 54,036,375 $ 97,722,987

Participants

202120202019201820172016201520142013201220112010
Total Participants:315892220811075517544172852062549554
Active Part.:237189583074963502420464562333122019
Retired Part.:1172694 88fc2abceef
Deceased Part.:668220c0f55caa227

Insurance

No Insurance Coverage

Providers

RQUWREYJAEOC OFIHPIXKUJ OHWOOKRPOClaims processing
Recordkeeping and information management (computing, tabulating, data processing, etc.)
Investment management
Participant loan processing
Participant communication
Direct payment from the plan
Sales loads (front end and deferred)
Shareholder servicing fees
Finders' fees/placement fees
Float revenue
Distribution (12b-1) fees
Recordkeeping fees
Account maintenance fees
Compensation:$78,182
Relation:RECORD KEEPER
EUH XCHQQIBDWZL NJQ ZGK.Investment advisory (plan)
Direct payment from the plan
Compensation:$49,850
Relation:INVESTMENT ADVISORY
NZD XFQRTZRSYOConsulting (general)
Insurance brokerage commissions and fees
Compensation:$11,830
Relation:CONSULTING
KNDTYZJW CUUBPBZCH HAJJCQKISecurities brokerage
Securities brokerage commissions and fees
Compensation:$0
Relation:SECURITIES BROKER
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Source: BARON
Securities brokerage
Securities brokerage commissions and fees
Compensation:REVENUE SHARING SEE ATTACHMENT TO LINE 2(H)
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Source: INVESCO
Securities brokerage
Securities brokerage commissions and fees
Compensation:REVENUE SHARING SEE ATTACHMENT TO LINE 2(H)
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Source: COLUMBIA
Securities brokerage
Securities brokerage commissions and fees
Compensation:REVENUE SHARING SEE ATTACHMENT TO LINE 2(H)
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Source: DODGE & COX
Securities brokerage
Securities brokerage commissions and fees
Compensation:REVENUE SHARING SEE ATTACHMENT TO LINE 2(H)
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Source: TRANSAMERICA
Securities brokerage
Securities brokerage commissions and fees
Compensation:REVENUE SHARING SEE ATTACHMENT TO LINE 2(H)

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.

    2R - Participant-directed brokerage accounts provided as an investment option under the plan.

    2S - Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.

    2T - Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

    3H - Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

Health Benefits

Financials

20212020201920182017201620152014201320122011
BOY Assets: $ 0 $ 2 $ 0 $ 97 $ 3 $ 822 $ 2 $ 7 $ 35
Liabilities: $ 0 $ 2 $ 0 $ 2 $ 0 $ 0 $ 3
EE Contrib: $ 0 $ 2 $ 0 $ 9 $ 7 $ 3 $ 2 $ 3 $ 3
Emp Contrib: $ 0 $ 1 $ 0 $ 682 $ 876 $ 30 $ 18
Income/Loss: $ 0 $ 9 $ 5 $ 4 $ 4
Total Income: $ 0 $ 1 $ 270 $ 5 $ 2 $ 52 $ 220 $ 277 $ 27
Paid Benefits: $ 0 $ 24 $ 41 $ 4 $ 1 $ 9 $ 20
Expenses: $ 0 $ 2 $ 1 $ 3 $ 2 $ 3 $ 3 $ 2
  Commission: $ 0 $ 71 $ 46 $ 1 $ 68
Net Income: $ 0 $ 53 $ 9 $ 427 $ 52 $ 75 $ 5 $ 3 $ 3
Net Assets: $ 0 $ 71 $ 169 $ 7 $ 3 $ 52 $ 10 $ 1

Participants

20212020201920182017201620152014201320122011
Total Participants:209550807031711132164539131076925
Active Part.:206274024578524076340382105641303
Retired Part.:23ecb92628517eed6b
Deceased Part.:86b 3b68530a6b be25c3e

Insurance

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Renewal:12-31-2021
Covered:206
  1. Life Insurance
  2. Temp. Disability Insurance
  3. Long Term Disab. Ins
  4. ACCIDENTAL DEATH & DISMEMBERMENT

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 312,419
Commission0% $ 0
Fees0.88% $ 2,734
Brokers
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Renewal:12-31-2021
Covered:219
  1. Dental

Retention: $ 0
Claims: $ 129,535
Loss Ratio:0.79
Exp Rated Premium $ 163,796
Non-Exp Rated Premium: $ 0
Commission0% $ 0
Fees0% $ 0
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Renewal:12-31-2021
Covered:204
  1. Health

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 3,218,481
Commission0% $ 0
Fees0.39% $ 12,701
Brokers
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Renewal:12-31-2021
Covered:183
  1. Vision

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 32,091
Commission0% $ 0
Fees0% $ 0

Providers

No Providers

Features

    4A - Health (other than vision or dental).

    4B - Life insurance.

    4D - Dental.

    4E - Vision.

    4F - Temporary disability (accident and sickness).

    4H - Long-term disability.

    4L - Death benefits (include travel accident but not life insurance).

    4Q - Other.


OSHA

Motor Carrier