Auma Actuators Inc

100 Southpointe Blvd.
Canonsburg, PA 15317

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 high. It is in the 83rd percentile compared to peers.
  • There was a recent mod decrease.
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 Very Good, in the 29th percentile compared to peers.
  • In the last year, LCM Decreased by 50%. While peers Increased an average of 4%.
Good

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, 0.6% decreased their LCM vs those who stayed with their current provider who saw a 4.7% increase.
  • Current Carrier's market share is in the 99th percentile at 18% of the market.
Good

Business Stats

Policy History

Term Exp. Mod Carrier Premium LCM
2023

1.200
2022

1.005
2022

1.505
2022
12-31-2022

-
2021

-
2021

-
2021

1.544
2021

3.009
2020

0.849
2020

1.292
2020

1.544
2020

2.210
2019

1.698
2019

1.491
2019

1.544
2019

1.699
2018

1.699
2018

1.698
2017

1.764
2017

1.603
2017

2.168
2017
12-31-2017

2.120
2016

-
2016

-
2016

1.603
2016

2.052
2016

2.168
2016
12-30-2016

2.120
2015

-
2015

-
2015

1.603
2015

2.052
2015

2.153
2014

-
2014

-
2014

1.603
2014

-
2014

-
2013

-
2013

-
2013

-
2012

-
2012

-
2011

-
2010

-
2009
12-30-2009

-

Contacts

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Chairman
(645) 440-7710
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Benefits Admin
(738) 074-2387
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Benefits Admin
(425) 329-1842
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Benefits Admin
(190) 061-7190
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Operations Manager
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Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 11,799,916 $ 1,324,642 $ 5,930,164 $ 9,278,728 $ 9,348,273 $ 5,467,393 $ 2,218,065 $ 6,925,611 $ 7,434,540 $ 9,712,622 $ 312,644 $ 568,507
Liabilities: $ 0 $ 600 $ 2 $ 40,000,000 $ 4 $ 584 $ 478 $ 4,217 $ 9,641
EE Contrib: $ 718,447 $ 182,441 $ 735,267 $ 6,986,331 $ 663,915 $ 796,048 $ 124,713 $ 897,909 $ 203,713 $ 356,520 $ 328,049 $ 544,632
Emp Contrib: $ 174,832 $ 381,983 $ 529,353 $ 692,503 $ 681,723 $ 172,205 $ 741,137 $ 696,496 $ 97,323 $ 775,827 $ 18,674 $ 82,487
Income/Loss: $ 287,040 $ 6,830,218 $ 7,075,536($ 169,142) $ 4,668,045 $ 956,044($ 418,005) $ 51,977 $ 563,210 $ 783,407($ 890,743) $ 229,453
Total Income: $ 2,580,626 $ 4,978,362 $ 1,994,101 $ 161,327 $ 5,645,854 $ 1,156,276 $ 994,933 $ 6,252,282 $ 3,763,806 $ 9,811,982 $ 80,656 $ 3,352,628
Paid Benefits: $ 1,597,658 $ 954,970 $ 6,581,909 $ 349,024 $ 3,650,140 $ 180,127 $ 5,989 $ 1,520,616 $ 796,914 $ 584,657 $ 628,190 $ 64,694
Expenses: $ 0 $ 78 $ 29 $ 7 $ 678 $ 71 $ 0 $ 62 $ 2
  Commission: $ 47,202 $ 61,345 $ 79,434 $ 76,984 $ 94,374 $ 1,285 $ 73,181 $ 34,146 $ 576 $ 3,143 $ 2,521 $ 7,379
Net Income: $ 933,385 $ 3,178,134 $ 1,566,994 $ 92,731($ 427,971) $ 455,565 $ 872,055($ 116,096) $ 3,225,847 $ 349,997 $ 684,567 $ 2,111,265
Net Assets: $ 12,733,301 $ 91,514,912 $ 45,946,834 $ 1,182,569 $ 7,833,112 $ 3,469,658 $ 8,039,338 $ 5,797,469 $ 8,846,426 $ 8,540,552 $ 5,189,012 $ 4,144,702

Participants

202120202019201820172016201520142013201220112010
Total Participants:133385582919739846141754509692847463
Active Part.:108888580809269311400352915691287882
Retired Part.:132244524377
Deceased Part.:fa7f4b596209dd70f bd279

Insurance

No Insurance Coverage

Providers

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OCJ ZDWZIYUKV XIPInvestment advisory (plan)
Compensation:$23,747
Relation:ADVISOR
HLJKMLFK JHBRTYUIJDR RMBJCOYGXVFZIParticipant loan processing
Sub-transfer agency fees
Recordkeeping fees
Account maintenance fees
Compensation:$23,454
Relation:RECORDKEEPER
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Source: DODGE & COX GLBL BND - DST ASSET M
Sub-transfer agency fees
Compensation:0.08%

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.

Health Benefits

Financials

2021202020192011
BOY Assets: $ 0 $ 298 $ 5
Liabilities: $ 0 $ 9 $ 2
EE Contrib: $ 0 $ 37 $ 36
Emp Contrib: $ 0 $ 6
Income/Loss: $ 0 $ 4 $ 4 $ 5
Total Income: $ 0 $ 0 $ 9 $ 6
Paid Benefits: $ 0 $ 482
Expenses: $ 0 $ 22 $ 5 $ 2
  Commission: $ 0 $ 6 $ 4
Net Income: $ 0 $ 26
Net Assets: $ 0 $ 6 $ 1

Participants

2021202020192011
Total Participants:18584726561
Active Part.:185835045b
Retired Part.:a574
Deceased Part.:4906

Insurance

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Renewal:12-31-2021
Covered:37
  1. Life Insurance
  2. Temp. Disability Insurance
  3. Long Term Disab. Ins
  4. AD&D

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 6,658
Commission10% $ 666
Fees0% $ 0
Brokers
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Renewal:12-31-2021
Covered:223
  1. Vision

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 11,964
Commission8.02% $ 960
Fees0% $ 0
Brokers
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Renewal:12-31-2021
Covered:236
  1. Dental

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 75,570
Commission0% $ 0
Fees0% $ 0
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Renewal:12-31-2021
Covered:42
  1. ACCIDENT & CRITICAL ILLNESS

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 17,111
Commission7.11% $ 1,217
Fees0.02% $ 4
Brokers
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Renewal:12-31-2021
Covered:3
  1. Vision

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 0
Commission $ 0
Fees $ 0
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Renewal:12-31-2021
Covered:216
  1. Health

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 920,862
Commission2.2% $ 20,284
Fees0% $ 0
Brokers

Providers

No Providers

Features

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

    4B - Life insurance.

    4D - Dental.

    4E - Vision.

    4F - Temporary disability (accident and sickness).

    4H - Long-term disability.

    4Q - Other.