Ruzomberka Holland Renk Smith Inc

1606 Carmody Ct Ste 305
Sewickley, PA 15143

Talking Points

For the Agent

These are points that might help guide an agent as they look to approach a prospect.

  • Increasing LCM and decreasing market share may indicate carrier is tightening underwriting guidelines and/or has written higher risk accounts that they are less willing to fight for.
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 47th 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.

  • 4% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 75th percentile at 3.5% of the market.
Good

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2022

2.026
(Current: 2.084)
2021

2.026
2020

1.875
2019

1.728
2018

-
2018

1.728
2017

1.728
2016

1.632
2015

1.632
2014

-
2013

-
2012

-
2011

-
2010

-
2009

-

Contacts

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Accountant
(423) 202-2450
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Benefits Admin
(245) 427-9398
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Partner
(151) 564-0079
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Benefits Admin
(409) 023-3133
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Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 2,560,292 $ 4,786,825 $ 8,190,539 $ 716,047 $ 7,972,417 $ 882,680 $ 7,385,915 $ 2,653,490 $ 6,399,812 $ 294,577 $ 902,645 $ 331,972
Liabilities: $ 0 $ 4 $ 8 $ 8 $ 28
EE Contrib: $ 121,221 $ 29,161 $ 739,839 $ 18,003 $ 425,316 $ 202,783 $ 33,438 $ 806,705 $ 64,908 $ 55,973 $ 29,548 $ 41,493
Emp Contrib: $ 64,138 $ 37,862 $ 34,358 $ 67,564 $ 7,794 $ 80,556 $ 55,574 $ 93,640 $ 54,397 $ 66,502 $ 70,791 $ 31,345
Income/Loss: $ 138,637 $ 34,791 $ 522,137($ 1,555) $ 130,612 $ 37,976($ 7,606) $ 93,136 $ 93,983 $ 23,804 $ 1,609 $ 97,523
Total Income: $ 323,996 $ 556,658 $ 315,177 $ 31,561 $ 961,049 $ 748,441 $ 87,596 $ 448,758 $ 721,583 $ 21,647 $ 266,486 $ 326,117
Paid Benefits: $ 380,842 $ 257 $ 2,685 $ 905,393 $ 61,069 $ 8,695 $ 0 $ 61,204 $ 6,961 $ 4,444 $ 4,104 $ 6,061
Expenses: $ 0 $ 487 $ 2 $ 255 $ 3 $ 10 $ 9 $ 1 $ 1
  Commission: $ 2,098 $ 6 $ 664 $ 98 $ 636 $ 387 $ 129 $ 47 $ 892 $ 217 $ 144
Net Income:($ 58,944) $ 859,011 $ 273,504($ 539,000) $ 421,663 $ 351,301 $ 449,987 $ 123,707 $ 290,357 $ 643,927 $ 7,327 $ 710,513
Net Assets: $ 2,501,348 $ 5,305,695 $ 9,033,836 $ 7,659,953 $ 7,364,994 $ 9,244,547 $ 523,175 $ 5,021,495 $ 7,687,230 $ 6,617,865 $ 124,918 $ 368,790

Participants

202120202019201820172016201520142013201220112010
Total Participants:213252382036442772972767
Active Part.:165819739202837646589832
Retired Part.:a3ee8bca186f83c38833
Deceased Part.:96fd198336aaed61aee3de3b

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.

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

    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.