Technical Applications, Inc.

610 Park Way
Broomall, PA 19008

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 69% 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.

  • 4% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 75th percentile at 8.7% of the market.
Good

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2023

1.966
(Current: 2.160)
2022

1.966
2021

1.744
2020
11-02-2020

1.500
2019

1.390
2018

1.390
2017

1.326
2016

1.326
2015

1.223
2014

-
2013

-
2012

-
2012
11-02-2011

-
2011

-
2010

-
2010
08-30-2009

-
2010
08-30-2009

-
2009

-
2009
08-30-2009

-

Contacts

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Owner
(108) 345-6109
oi@ttsynmu.mpe

SFC BGTSPK
Benefits Admin
(121) 171-4742
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Ifhx Fv Htitt
Owner
(166) 330-9546
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Industry Classification

Retirement Benefits

Financials

202120202019201820172016
BOY Assets: $ 1,339,768 $ 8,062,029 $ 901,083 $ 113,571 $ 252,891
Liabilities: $ 0 $ 11 $ 4 $ 7
EE Contrib: $ 48,367 $ 78,686 $ 45,005 $ 50,380 $ 60,632 $ 429,568
Emp Contrib: $ 67,209 $ 27,696 $ 70,750 $ 4,658 $ 93,909 $ 229,458
Income/Loss: $ 173,396 $ 367,923 $ 736,301($ 95,004) $ 406,452 $ 33,278
Total Income: $ 288,972 $ 771,142 $ 42,683 $ 92,707 $ 290,425 $ 893,801
Paid Benefits: $ 7,975 $ 6,690 $ 89,406 $ 47,700 $ 11,810 $ 29
Expenses: $ 0 $ 1 $ 1
  Commission: $ 125 $ 907 $ 105 $ 825 $ 121 $ 1
Net Income: $ 280,872 $ 461,689 $ 783,818 $ 74,123 $ 804,412 $ 426,726
Net Assets: $ 1,620,640 $ 8,399,104 $ 194,932 $ 567,943 $ 990,339 $ 180,120

Participants

202120202019201820172016
Total Participants:10848123
Active Part.:10120957
Retired Part.:021f19078136
Deceased Part.:2042efe5eb9

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

    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.

    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.

    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.