PA Healthcare Credit Union

720 Blackburn Rd
Sewickley, PA 15143

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 Higher than 60% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
  • In the last year, LCM Increased by 13%. While peers Increased an average of 2%.
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.

  • 5% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 99th percentile at 73.6% of the market.
Good

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2022

1.966
2021

1.744
2020

1.500
2019

1.390
2018

1.224
2017

1.224
2016
11-23-2016

2.702
2015

2.549
2014

-
2013

-
2012

-
2011

-
2010

-
2009

-

Contacts

Wmanvky Attcp
Manager
(754) 297-0701
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(932) 820-3720
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Benefits Admin
(704) 164-9489
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Benefits Admin
(174) 043-8380
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Benefits Admin
(527) 261-3868
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Vice President, Operations
(031) 157-2410
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president/Ceo
(885) 535-0835
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Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 186,440 $ 276,771 $ 74,820 $ 512,761 $ 272,508 $ 442,375 $ 87,534 $ 752,400 $ 320,151 $ 351,711 $ 263,772 $ 8,724
Liabilities: $ 0 $ 9 $ 20 $ 51 $ 5
EE Contrib: $ 5,200 $ 6,143 $ 6,573 $ 8,433 $ 5,473 $ 7,352 $ 4,312 $ 5,532 $ 1,102 $ 1,456 $ 7,681 $ 4,573
Emp Contrib: $ 8,202 $ 6,882 $ 7,982 $ 7,315 $ 1,060 $ 2,597 $ 3,745 $ 76,965 $ 169 $ 45,415 $ 5,488 $ 5,801
Income/Loss: $ 24,883 $ 52,652 $ 55,700($ 97,710) $ 81,255 $ 60,006 $ 983 $ 2,120 $ 77,174 $ 9,906 $ 2,927 $ 2,621
Total Income: $ 38,285 $ 50,038 $ 34,738 $ 6,669 $ 63,495 $ 17,889 $ 29,787 $ 98,195 $ 77,467 $ 30,013 $ 60,666 $ 6,606
Paid Benefits: $ 0 $ 26,941 $ 66,264 $ 30 $ 8,059 $ 5 $ 8,567 $ 9
Expenses: $ 407 $ 64 $ 28 $ 336 $ 582 $ 180 $ 21 $ 740 $ 325 $ 195
  Commission: $ 0 $ 24 $ 33 $ 9 $ 330 $ 43 $ 4 $ 3
Net Income: $ 37,878($ 74,593)($ 53,209) $ 1,287 $ 45,192 $ 68,802 $ 270 $ 30,328 $ 80,583 $ 25,355 $ 11,717 $ 93,162
Net Assets: $ 224,318 $ 387,025 $ 915,891 $ 760,884 $ 860,191 $ 191,434 $ 589,780 $ 291,115 $ 984,008 $ 847,010 $ 806,084 $ 681,956

Participants

202120202019201820172016201520142013201220112010
Total Participants:666576861385
Active Part.:36785082ee7497
Retired Part.:37d4670d103b4e06 a34
Deceased Part.:8464be860265fcbc8111a2

Insurance

No Insurance Coverage

Providers

No Providers

Features

    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.

    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.