WAVE CENTRAL LLC

99 GARDEN PKWY STE C
CARLISLE, PA 17013

Talking Points

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 Very Good, in the 19th percentile compared to peers.
  • In the last year, LCM Increased by 13%. While peers Increased an average of 3%.
Average

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.

  • 10% of peers have changed carriers since last year.
  • Of those who changed carriers, 2.8% decreased their LCM vs those who stayed with their current provider who saw a 4% increase.
  • Current Carrier's market share is in the 99th percentile at 20.4% of the market.
Good

Business Stats

Policy History

Term Exp. Mod Carrier Premium LCM
2023

0.875
2022

-
2022

1.780
2022

-
2022

1.121
2022

1.441
2022

1.007
2021

-
2021

1.850
2021

1.056
2021

1.280
2021

0.980
2021
05-29-2020

1.780
2021
05-29-2020

1.609
2021
01-01-2021

-
2021
01-01-2021

-
2021
01-01-2021

-
2020

-
2020

-
2020

1.609
2020

-
2020
01-01-2020

-
2020
12-31-2020

1.530
2019

-
2019

-
2019

1.550
2019

-
2019

1.631
2019

-
2019

1.050
2019

1.530
2019

-
2019
11-12-2018

-
2019
01-01-2019

1.609
2018

-
2018

-
2018

1.550
2018

-
2018

1.631
2018

1.050
2018
01-01-2018

-
2018
01-01-2018

1.430
2017

1.550
2017

-
2017

1.457
2017

1.050
2017
01-01-2017

1.430
2016

-
2016
01-01-2016

1.073
2015

-
2015
01-01-2015

1.073
2014
01-01-2014

-
2014
01-01-2014

-
2013
11-21-2013

-
2013
11-21-2013

-
2012
11-21-2012

-
2012
11-21-2012

-
2011
11-21-2011

-
2011
11-21-2011

-
2010

-
2010
11-21-2010

-
2009

-
2009
10-31-2008

-
2009
11-21-2008

-
2009
11-21-2009

-

Contacts

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Benefits Admin
(248) 443-5748
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(022) 539-2031
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Benefits Admin
(163) 220-9214
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Benefits Admin
(891) 512-4651
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Benefits Admin
(233) 452-2750
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OWNER
(209) 619-2053
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Benefits Admin
(418) 751-5389
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(912) 732-0044
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VP
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Benefits Admin
(554) 172-6461
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Benefits Admin
(391) 060-4417
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Benefits Admin
(173) 155-0890
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Benefits Admin
(614) 158-0791
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Benefits Admin
(009) 850-4072
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Executive Director
(162) 037-6559
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Industry Classification

Retirement Benefits

Financials

202120202019
BOY Assets: $ 481,911 $ 241,588 $ 6
Liabilities: $ 0 $ 5 $ 1
EE Contrib: $ 108,678 $ 568,445 $ 86,543
Emp Contrib: $ 107,534 $ 96,650 $ 22,727
Income/Loss: $ 71,216 $ 13,915 $ 10,731
Total Income: $ 287,428 $ 212,979 $ 558,499
Paid Benefits: $ 54,458 $ 76,820
Expenses: $ 0 $ 8 $ 6
  Commission: $ 100 $ 193
Net Income: $ 232,870 $ 142,146 $ 300,115
Net Assets: $ 714,781 $ 75,881 $ 268,482

Participants

202120202019
Total Participants:979
Active Part.:992
Retired Part.:b4
Deceased Part.:1529

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

    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.

    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.

    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.

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

Health Benefits

Financials

20222021202020192018201720162015
BOY Assets: $ 29,770 $ 39,000 $ 3,496 $ 209 $ 2
Liabilities: $ 29,101 $ 89,632 $ 35,464 $ 3,120 $ 11 $ 8 $ 41
EE Contrib: $ 93,262 $ 56,868 $ 95,041 $ 6,880 $ 0 $ 2 $ 55
Emp Contrib: $ 93,262 $ 53,686 $ 84,779 $ 8,535 $ 4 $ 94 $ 2
Income/Loss: $ 1,314 $ 9,631 $ 72 $ 91 $ 6 $ 32
Total Income: $ 187,838 $ 262,064 $ 473,127 $ 50,391 $ 920 $ 85 $ 1
Paid Benefits: $ 168,308 $ 520,237 $ 984,571 $ 47,065 $ 2 $ 0
Expenses: $ 2 $ 83 $ 0 $ 2 $ 8 $ 8
  Commission: $ 17,029 $ 60,740 $ 88,871 $ 5,414 $ 44 $ 456 $ 0 $ 15
Net Income: $ 2,499 $ 5,570 $ 3,374 $ 4,101 $ 3 $ 187 $ 8
Net Assets: $ 9,931 $ 2,439 $ 7,941 $ 2,241 $ 0 $ 3

Participants

20222021202020192018201720162015
Total Participants:19349784579382081876
Active Part.:19090205749815961314
Retired Part.:f30 92d76
Deceased Part.:05155c0c517373

Insurance

No Insurance Coverage

Providers

No Providers

Features

    4A - Health (other than vision or dental).