Automation Partners Inc

137 Pinehurst Dr
Cranberry Township, PA 16066

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 Higher than 73% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
  • In the last year, LCM Increased by 10%. While peers Increased an average of 4%.
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.

  • 6% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 99th percentile at 25.5% of the market.
Good

Business Stats

Policy History

Term Exp. Mod Carrier Premium LCM
2022

2.218
2022

1.910
2022
12-21-2022

1.861
2021

2.309
2021

1.810
2021

-
2021

1.270
2021

-
2021

-
2021

2.033
2021

2.016
2021

1.736
2021

-
2021
12-21-2021

-
2021
12-21-2021

1.861
2020

2.309
2020

1.810
2020

-
2020

-
2020

1.848
2020

-
2020

-
2020
12-21-2020

1.688
2020
12-21-2020

-
2020
12-21-2020

-
2019

1.407
2019

1.510
2019

1.510
2019

1.904
2019

1.270
2019

-
2019

1.450
2019

1.540
2019
12-21-2019

1.450
2019
12-21-2019

1.680
2018

1.904
2018

1.450
2018

1.510
2018

1.680
2018

1.924
2018
12-21-2018

1.407
2018
12-21-2018

1.450
2017

1.904
2017

-
2017

-
2017

1.540
2017

1.510
2017

1.680
2017

2.100
2017
12-21-2017

1.407
2016

1.407
2016

1.904
2016

1.540
2016

1.680
2016

1.320
2015

1.904
2015

1.540
2015

1.680
2014

-
2014

-
2014

-
2014

1.540
2014

-
2013

-
2013

1.540
2013

-
2013
12-21-2013

-
2012

-
2012
12-21-2012

-
2011
12-21-2010

-
2011
12-21-2011

-
2010

-
2010
12-20-2009

-
2009

-

Contacts

Esoa Bhpppps
Domain Registrant
(464) 587-2109
oiqmtoiw@ozfag.ghc

AIUZTR EJKKNYOK
Benefits Admin
(770) 388-4436
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Benefits Admin
(330) 483-7764
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Ihsvm K Swtvnc
President
(603) 083-3232
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7516
dvow@aerptcqjz.qvn

ZJPZ L. VKLNSO
Benefits Admin
(065) 904-2436
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LWHGUTS SXHTNM
Benefits Admin
(486) 581-6641
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Industry Classification

Retirement Benefits

Financials

20212020201920182017
BOY Assets: $ 1,115,910 $ 539,360 $ 90,202 $ 29,874 $ 4
Liabilities: $ 0 $ 1 $ 0
EE Contrib: $ 257,497 $ 250,058 $ 531,358 $ 4,139 $ 70,738
Emp Contrib: $ 0 $ 64
Income/Loss: $ 177,865 $ 162,390 $ 72,803($ 3,721) $ 794
Total Income: $ 435,362 $ 249,506 $ 514,559 $ 6,661 $ 53,726
Paid Benefits: $ 78,206 $ 1,413 $ 18 $ 2,099 $ 90
Expenses: $ 0 $ 3 $ 67 $ 68 $ 40
  Commission: $ 400 $ 857 $ 439 $ 34
Net Income: $ 356,756 $ 123,445 $ 954,478 $ 49,851 $ 73,641
Net Assets: $ 1,472,666 $ 3,603,856 $ 867,571 $ 43,546 $ 18,809

Participants

20212020201920182017
Total Participants:373225579
Active Part.:280588907
Retired Part.:a979334
Deceased Part.:cc7f1d7

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.

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

    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.

Motor Carrier