THREE RIVERS OPTICAL COMPANY

260 BILMAR DR
PITTSBURGH, PA 15205

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 in-line with peers, in the 46th percentile.
  • There was a recent mod increase.
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 in-line with peers, in the 38th 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.

  • 9% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 75th percentile at 2% of the market.
Good

Business Stats

Policy History

Term Exp. Mod Carrier Premium LCM
2023

1.947
(Current: 1.681)
2023

-
2023

1.825
2023

1.364
2023

1.725
2023

1.760
2023

1.494
2023
01-01-2022

1.686
2022

1.556
2022

2.687
2022

-
2022

1.825
2022

1.914
2022

1.364
2022

1.725
2022

1.600
2022

1.381
2021

1.556
2021

-
2021

-
2021

1.540
2021

1.755
2021

1.462
2021

1.540
2021

1.600
2021

1.315
2020

1.556
2020

-
2020

-
2020

1.540
2020

1.656
2020

1.462
2020

1.540
2020

-
2020

1.315
2020

-
2019

1.335
2019

-
2019

-
2019

1.590
2019

1.533
2019

1.462
2019

1.590
2019

1.315
2018

1.780
2018

1.389
2018

1.390
2018

1.390
2018

-
2018
09-11-2017

-
2017

-
2017

-
2017

1.430
2017

-
2017

-
2016

-
2016

-
2016

1.825
2016

1.801
2015

-
2015

-
2015

1.825
2015

1.683
2014

-
2014

-
2014

-
2014

-
2013

-
2012

-
2011
01-01-2011

-
2010

-
2009

-

Contacts

Rhbvdt Axgwcdh
Director
(338) 929-0776
zucwehj@hfzqsde.zjc

DRSF DFN IWERXO
Benefits Admin
(669) 304-1961
473c

ZCYYK NHDIYCW
Benefits Admin
(079) 990-6275
040

Rmbggap Npikcvo
President
(196) 523-1678
7c7

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 2,508,859 $ 8,718,029 $ 6,182,761 $ 8,083,205 $ 5,822,389 $ 6,446,489 $ 7,861,674 $ 4,133,989 $ 931,506 $ 2,316,937 $ 3,276,744 $ 5,981,610
Liabilities: $ 0 $ 3 $ 5 $ 170 $ 181 $ 4 $ 4 $ 21 $ 91
EE Contrib: $ 66,550 $ 83,359 $ 34,261 $ 70,107 $ 84,948 $ 55,510 $ 12,035 $ 807,350 $ 0 $ 8 $ 8,000,000
Emp Contrib: $ 100,000 $ 0 $ 6 $ 341 $ 1 $ 0 $ 79,268 $ 66,816 $ 16 $ 253,456 $ 53 $ 6
Income/Loss: $ 321,979 $ 555,738 $ 536,965($ 40,864) $ 985,046 $ 367,694 $ 93,303 $ 114,127 $ 291,060 $ 16,262($ 9,274) $ 468,402
Total Income: $ 488,529 $ 562,330 $ 84,730($ 94,445) $ 63,028 $ 355,359 $ 456,695 $ 153,353 $ 42,572 $ 725,101($ 8,073) $ 931,435
Paid Benefits: $ 312,296 $ 35,077 $ 479,936 $ 43,850 $ 183,835 $ 93,645 $ 211,234 $ 23,991 $ 89,150 $ 7,794 $ 43,199 $ 27,331
Expenses: $ 0 $ 9 $ 4 $ 47 $ 5 $ 40 $ 9
  Commission: $ 19,318 $ 35,750 $ 35,511 $ 34,188 $ 69,504 $ 14,637 $ 56,398 $ 53,327 $ 22,913 $ 44,200 $ 58,734 $ 80,114
Net Income: $ 156,915 $ 846,600 $ 42,124($ 890,139)($ 932,939) $ 994,541 $ 80,679 $ 218,454 $ 648,448 $ 879,449($ 55,254) $ 421,304
Net Assets: $ 2,665,774 $ 1,409,190 $ 1,971,044 $ 1,585,851 $ 1,726,321 $ 3,886,708 $ 3,043,673 $ 8,480,573 $ 9,822,276 $ 4,178,503 $ 2,594,951 $ 3,491,498

Participants

202120202019201820172016201520142013201220112010
Total Participants:506398533815150970505821
Active Part.:4156505809799241549b8
Retired Part.: 919272ac39698486b9aae
Deceased Part.:eab5be8157ef2eeb7b5

Insurance

No Insurance Coverage

Providers

No Providers

Features

    2E - Profit-sharing

    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.

    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.

    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.

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