FIDATO PARTNERS LLC

1001 OLD CASSATT RD STE 200
BERWYN, PA 19312

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

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 12th percentile compared to peers.
  • There was a recent mod decrease.
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 71% 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 2%.
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.

  • 10% of peers have changed carriers since last year.
  • Of those who changed carriers, 15% decreased their LCM vs those who stayed with their current provider who saw a 3.5% increase, a difference of roughly 4x.
  • Current Carrier's market share is in the 99th percentile at 19.6% of the market.
Needs Attention

Business Stats

Policy History

Term Exp. Mod Carrier Premium LCM
2022

2.309
2022

2.341
2022

2.218
2022

1.910
2022

1.810
2022
06-30-2022

2.112
2022
06-30-2022

2.033
2021

2.016
2021

1.736
2020

-
2019
12-07-2019

1.680
2018

1.680
2017

1.680
2016

1.680
2015

1.680
2014

-
2013
12-07-2013

-
2012

-
2011

-
2011
12-01-2010

-

Contacts

ABZATLDX MUGKE
Benefits Admin
(896) 320-1836
8d8c0

YXVK GPABVXOTGH
Benefits Admin
(126) 226-3143
9f03c

AYBG PCGOD
Benefits Admin
(563) 399-0618
40873

Hhfgkj Barj
Partner
(244) 937-8176
wqeg@emtaiczlnehikk.myl

SPLL RAAADASPTQ
Chief Executive Officer, Founding Partner
(414) 623-5411
XIVRZZMOXEG@igtyqvotrlhsaz.vrm

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Industry Classification

Retirement Benefits

Financials

20212020201920182017201620152014201320122011
BOY Assets: $ 6,654,244 $ 4,068,258 $ 6,295,894 $ 701,504 $ 1,006,173 $ 101,211 $ 26,750 $ 728,316 $ 60,796
Liabilities: $ 0 $ 6 $ 2 $ 7 $ 293 $ 65 $ 2 $ 8
EE Contrib: $ 2,363,567 $ 7,908,084 $ 8,033,384 $ 6,137,901 $ 330,311 $ 805,545 $ 308,855 $ 988,120 $ 86,291 $ 15,412
Emp Contrib: $ 315,876 $ 623,614 $ 343,637 $ 773,793 $ 67,983 $ 85,430 $ 45,063 $ 63,821 $ 47,736 $ 618
Income/Loss: $ 1,366,040 $ 401,541 $ 107,073($ 445,190) $ 897,320 $ 5,190($ 67,546) $ 75,228 $ 52,820 $ 5,386
Total Income: $ 4,050,615 $ 1,173,014 $ 8,606,728 $ 507,167 $ 64,238 $ 518,798 $ 94,705 $ 904,104 $ 79,305 $ 40,440
Paid Benefits: $ 344,450 $ 331,043 $ 280,580 $ 553,332 $ 139,843 $ 470,993 $ 58,725 $ 2 $ 7,503 $ 7,003
Expenses: $ 0 $ 2 $ 2 $ 17 $ 5 $ 905
  Commission: $ 44,828 $ 609 $ 9,335 $ 686 $ 327 $ 1,552 $ 106 $ 642 $ 22 $ 72 $ 54
Net Income: $ 3,661,337 $ 127,277 $ 5,902,414 $ 42,702 $ 87,474 $ 320,503 $ 162,060 $ 918,542 $ 845,169 $ 38,275 $ 2
Net Assets: $ 10,315,581 $ 9,715,198 $ 8,956,114 $ 9,234,383 $ 5,133,907 $ 6,087,943 $ 41,231 $ 488,140 $ 139,719 $ 19,252 $ 8

Participants

20212020201920182017201620152014201320122011
Total Participants:1469121783228631367568657
Active Part.:1119079308871452033126d2
Retired Part.:e7165cad29e6bc2f6c8
Deceased Part.:293a666a 0ca 8a9a6a

Insurance

YTGYZXRVI NTJY MUAGGTYRP SMBFBYC
Renewal:12-31-2021
Covered:146
PENSION_EOY_SEP_ACCT_AMT: 2584385PENSION_PREM_PAID_TOT_AMT: 0

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 0
Commission $ 4,123
Fees $ 0
Brokers

Providers

ZXTSSMSBI AVKO SCJSGUKKZ DICJAAL
ZEBTCLHMA EBSR IHZYCOIEB DIPENBYContract Administrator
Participant loan processing
Direct payment from the plan
Recordkeeping fees
Compensation:$44,828
Relation:CONTRACT ADMINISTRATOR
JBDPOQZN POXOWWFG CWJPLS WFNOther services
Other commissions
Compensation:$13,018
Relation:OTHER SERVICES
RKOEOAZT YFQGFUJOQU JCSTEMUPBOYUInvestment advisory (plan)
Other investment fees and expenses
Compensation:$0
Relation:INVESTMENT ADVISORY
ZEMIZZOR EJDOJNDI WFIBYP HOE
Source: PRINCIPAL LIFE INSURANCE COMPANY
Other services
Other commissions
Compensation:COMMISSIONS
QZSWPPUD FXQMABSNXW NYUERFBRVICZ
Source: PRINCIPAL LIFE INSURANCE COMPANY
Investment advisory (plan)
Other investment fees and expenses
Compensation:1 BASIS POINT ANNUALLY ON ELIGIBLE PLAN ASSETS IN WILSHIRE 3(21) OR WILSHIRE 3(21) AUTO-EXECUTE FIDUCIARY SERVICE.

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.

    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.