Peregrine Surgical Ltd

51 Britain Drive
New Britain, PA 18901

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 47th 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 Very Good, in the 3rd percentile compared to peers.
  • LCM Decreased by more than 75% of 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.

  • 2% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 1st percentile at 1.9% of the market.
Needs Attention

Business Stats

Policy History

Term Exp. Mod Carrier Premium LCM
2022

1.130
2021

1.650
2020

1.440
2019

1.440
2018

1.440
2017

1.440
2016

1.440
2015

1.440
2015
10-01-2014

-
2014

-
2014

-
2013

-
2013

-
2012
10-01-2012

-
2012
10-01-2012

-
2011

-
2011
10-01-2010

-
2010

-
2009

-
2009
10-01-2008

-

Contacts

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RA/QA/ Manager
(120) 746-2226
ojniungzltyro@knuly.uea

BMIAK MYERQ
Benefits Admin
(737) 080-4943
9ca

Oupx Kidoicid
President
(963) 745-1689
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Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 3,059,177 $ 6,974,116 $ 6,603,607 $ 6,357,014 $ 7,072,675 $ 9,496,697 $ 3,694,761 $ 1,983,426 $ 8,026,379 $ 335,089 $ 236,899 $ 901,529
Liabilities: $ 0 $ 86 $ 5 $ 8 $ 8 $ 817 $ 7 $ 7
EE Contrib: $ 185,194 $ 904,918 $ 158,255 $ 609,166 $ 112,331 $ 928,304 $ 979,762 $ 925,358 $ 5,211 $ 15,629 $ 41,300 $ 34,151
Emp Contrib: $ 99,154 $ 21,587 $ 43,495 $ 6,320 $ 40,795 $ 17,259 $ 19,574 $ 71,807 $ 61,392 $ 166 $ 21,137 $ 51,343
Income/Loss: $ 428,303 $ 119,053 $ 403,514($ 582,953) $ 712,769 $ 667,794($ 16,432) $ 61,174 $ 229,614 $ 54,217($ 63,001) $ 59,088
Total Income: $ 712,651 $ 786,230 $ 285,646 $ 88,373 $ 858,977 $ 958,108 $ 898,337 $ 192,657 $ 866,155 $ 917,038 $ 32,652 $ 964,913
Paid Benefits: $ 49,750 $ 833,438 $ 93,493 $ 13,046 $ 27,924 $ 786 $ 2,882 $ 31,313 $ 261,180 $ 1
Expenses: $ 0 $ 890 $ 97 $ 1 $ 2 $ 909 $ 201 $ 0 $ 9
  Commission: $ 13,929 $ 83,479 $ 9,875 $ 2,081 $ 989 $ 7,342 $ 9,767 $ 739 $ 97 $ 968 $ 139 $ 29
Net Income: $ 648,972 $ 671,631 $ 461,156 $ 9,085 $ 494,701 $ 625,329 $ 504,248 $ 292,163 $ 20,788 $ 55,427 $ 92,643 $ 63,076
Net Assets: $ 3,708,149 $ 28,994 $ 7,962,347 $ 9,276,381 $ 480,717 $ 3,293,300 $ 5,709,212 $ 5,545,456 $ 4,956,759 $ 2,936,233 $ 801,776 $ 842,681

Participants

202120202019201820172016201520142013201220112010
Total Participants:615875381591332549415610
Active Part.:486906056488040577548e 4db
Retired Part.:6cd16dec66e6ab6c6cdc7a1
Deceased Part.:c1b5b900091bb74fdf94349e

Insurance

No Insurance Coverage

Providers

No Providers

Features

    2A - Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).

    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.

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

    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.