Allegheny Plastics, Inc. Allegheny Printed Plastics LLC

1224 Freedom Rd
Cranberry TWP, PA 16066

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 high. It is in the 77th percentile compared to peers.
  • 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 Higher than 71% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
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.

  • 8% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 95th percentile at 9.4% of the market.
Good

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2023

1.789
(Current: 1.830)
2022

1.789
2021

1.853
2020

1.853
2019

1.390
2018

1.390
2018

1.390
2017

1.430
2017

1.430
2016

1.050
2015

1.170
2014

-
2013

-
2012

-
2011

-
2010

-
2009
01-01-2009

-

Contacts

Dcqneh B Oprw
Chairman of the Board
(629) 700-9206
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Benefits Admin
(400) 090-0095
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Benefits Admin
(063) 868-8222
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Benefits Admin
(882) 655-2442
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CEO
(576) 300-3223
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Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 7,961,298 $ 4,390,488 $ 6,447,021 $ 4,140,303 $ 3,980,080 $ 2,616,048 $ 2,940,005 $ 1,439,503 $ 3,752,123 $ 5,913,119 $ 9,126,242 $ 1,349,140
Liabilities: $ 0 $ 0 $ 4 $ 2 $ 7 $ 6 $ 41 $ 6 $ 17
EE Contrib: $ 185,831 $ 441,109 $ 260,344 $ 676,197 $ 576,546 $ 615,391 $ 557,895 $ 851,999 $ 653,981 $ 153,563 $ 492,740 $ 305,836
Emp Contrib: $ 50,398 $ 60,796 $ 2,834 $ 46,099 $ 41,128 $ 23,376 $ 451,744 $ 28,768 $ 11,731 $ 36,775 $ 30,694 $ 55,111
Income/Loss: $ 1,118,471 $ 253,033 $ 4,870,690($ 801,433) $ 69,311 $ 760,422($ 916,476) $ 496,450 $ 17
Total Income: $ 1,354,700 $ 9,110,361 $ 3,056,132($ 121,949) $ 8,100,396 $ 993,023 $ 805,805 $ 795,790 $ 2,478,445 $ 6,818,089 $ 739,763 $ 433,979
Paid Benefits: $ 479,626 $ 3,617,886 $ 157,757 $ 811,060 $ 834,288 $ 68,594 $ 15,322 $ 381,067 $ 292,113 $ 601,966 $ 384,563 $ 477,043
Expenses: $ 0 $ 3 $ 31 $ 60,000,000 $ 19 $ 87 $ 9 $ 7 $ 4
  Commission: $ 4,082 $ 7,416 $ 867 $ 9,589 $ 752 $ 4,317 $ 2,995 $ 193 $ 4,207 $ 5,979 $ 3,263 $ 4,541
Net Income: $ 870,992($ 280,150) $ 1,012,362($ 566,823) $ 95,633 $ 317,998 $ 508,539 $ 680,876 $ 21,711 $ 540,971($ 438,800) $ 251,628
Net Assets: $ 8,832,290 $ 1,409,849 $ 5,953,199 $ 2,681,870 $ 8,113,705 $ 7,820,327 $ 1,694,885 $ 6,258,081 $ 3,487,944 $ 2,938,311 $ 5,376,645 $ 8,214,757

Participants

202120202019201820172016201520142013201220112010
Total Participants:819875526765916121266282373090
Active Part.:575743674669177601720231
Retired Part.:8f fb29425638788f3c68f9d54
Deceased Part.:fc8eccbaff0f8cc8b4fcc448

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.

    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.

    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.