Kensington Management Services Inc

100 West Lehigh Avenue
Philadelphia, PA 19133

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 very good. It is in the 3rd percentile compared to peers.
  • Mod decreased by more than 75% of peers.
Good

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 95% 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 75th percentile at 3.7% of the market.
Good

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2023

3.187
(Current: 3.716)
2021

3.187
2019
12-27-2019

2.027
2018

2.027
2018
03-03-2017

3.187
2018
12-27-2017

1.607
2017

2.789
2016

2.702
2015

2.549
2014

-
2013

-
2012

-
2011

-
2010

-
2009

-

Contacts

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(373) 780-6896
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Benefits Admin
(011) 739-8190
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Principal
(006) 579-4676
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Benefits Admin
(829) 547-9356
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Benefits Admin
(969) 303-6313
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Executive Director
(457) 756-1126
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Industry Classification

Retirement Benefits

Financials

2020201920182017201620152014
BOY Assets: $ 36,016 $ 86,355 $ 52,858 $ 59,969 $ 71,212 $ 7,652
Liabilities: $ 0 $ 6
EE Contrib: $ 7,000 $ 3,821 $ 2,769 $ 3,051 $ 24,245 $ 4,812 $ 6,281
Emp Contrib: $ 4,373 $ 1 $ 7 $ 4 $ 0 $ 274 $ 6
Income/Loss: $ 6,991 $ 5,905($ 1,380) $ 2,348 $ 5,969($ 621) $ 91
Total Income: $ 18,364 $ 3,292 $ 623 $ 8,496 $ 87,508 $ 4,155 $ 255
Paid Benefits: $ 0 $ 9,333 $ 9,284 $ 8,742 $ 8
Expenses: $ 0 $ 38 $ 97
  Commission: $ 630 $ 32 $ 195 $ 378 $ 261 $ 612 $ 79
Net Income: $ 17,734 $ 9,037($ 309) $ 9,545 $ 69,148 $ 7,558 $ 5,248
Net Assets: $ 53,750 $ 11,334 $ 29,832 $ 73,026 $ 67 $ 39,175 $ 7,258

Participants

2020201920182017201620152014
Total Participants:90950199
Active Part.:62866026
Retired Part.:2d7 1d20fa
Deceased Part.:60ab213f

Insurance

No Insurance Coverage

Providers

No Providers

Features

    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.

    3H - Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).