Carpenter Technology Corporation

101 West Bern Street
Reading, PA 19612

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 in-line with peers, in the 58th percentile.
  • There was a recent mod increase.
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 30th percentile compared to peers.
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.

  • 20% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 99th percentile at 17.3% of the market.
Good

OSHA

Most employers with 10 or more employees are required to maintain injury and illness records, known as the 300 log. In the event of an inspection, this information will likely be requested. Even without injury or claim, the proper documentation should be readily available on a location by location basis. These logs are critical but simple to maintain.

  • Businesses with serious and/or repeat violations should be provided with risk management practices to eliminate unnecessary risk and minimize what must exist in current processes.
Needs Attention

Business Stats

Policy History

Term Exp. Mod Carrier Premium LCM
2023

1.482
2023

1.488
2023

1.331
2023

-
2023

1.063
2023

-
2023

1.332
2023

1.080
2023

1.300
2023

1.115
2023

1.280
2022

1.331
2022

1.482
2022

1.488
2022

1.500
2022

-
2022

1.064
2022

-
2022

1.311
2022

1.080
2022

1.293
2022

1.300
2022

1.115
2022

1.280
2021

1.331
2021

1.482
2021

1.488
2021

1.500
2021

-
2021

1.063
2021

-
2021

1.271
2021

1.080
2021

1.300
2021

1.115
2021

1.280
2021

1.090
2020

1.488
2020

1.066
2020

-
2020

1.482
2020

-
2020

1.063
2020

-
2020

1.296
2020

1.080
2020

1.125
2020

1.300
2020

1.115
2020

1.280
2020

1.090
2020

-
2019

1.488
2019

1.066
2019

-
2019

1.482
2019

-
2019

1.063
2019

-
2019

-
2019

1.125
2019

1.240
2019

-
2019

1.280
2019

1.090
2018

-
2018

1.433
2018

-
2018

1.063
2018

-
2018

-
2018

1.125
2018

1.066
2018

1.240
2018

-
2018

1.280
2018

1.488
2017

-
2017

1.433
2017

-
2017

-
2017

1.063
2017

1.240
2017

-
2017

-
2017

1.125
2017

1.240
2017

1.280
2017

1.488
2016

-
2016

-
2016

1.063
2016

1.240
2016

-
2016

-
2016

1.125
2016

1.240
2016

-
2016

1.488
2016

1.090
2015

-
2015

-
2015

-
2015

-
2015

1.240
2015

-
2015

-
2015

1.240
2015

-
2015

-
2015

1.488
2014

-
2014

-
2014

-
2014

-
2014

-
2014

-
2014

-
2014

-
2013

-
2013

-
2013

-
2013

-
2013
07-01-2013

-
2012

-
2012
03-31-2012

-
2012
03-31-2012

-
2012
07-01-2012

-
2012
07-01-2012

-
2012
07-01-2012

-
2011

-
2011

-
2011
07-01-2011

-
2011
12-31-2011

-
2011
12-31-2011

-
2010

-
2010
07-01-2010

-
2010
12-31-2010

-
2010
12-31-2010

-
2009

-
2009

-
2009

-
2009
07-01-2009

-

Contacts

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Manager
(355) 210-1973
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Manager
(057) 000-7891
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President
(139) 866-6442
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Benefits Admin
(292) 760-1223
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Benefits Admin
(646) 716-0098
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(893) 945-6205
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(711) 352-6365
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Chief Executive Officer
(729) 023-3938
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President
(422) 076-8891
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Manager
(944) 407-9025
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President
(247) 720-0202
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Chief Executive Officer
(176) 026-9866
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VP & Treasure
(531) 602-4247
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Chief Executive Officer
(971) 235-3083
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Benefits Admin
(460) 153-2125
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Inside Sales Representative
(607) 733-4300
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President & Chief Executive Offi
(017) 969-9483
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Benefits Admin
(441) 981-9784
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Owner
(442) 714-6298
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Industry Classification

Retirement Benefits

Financials

2021202020192018
BOY Assets: $ 411,777 $ 208,659 $ 938,873 $ 3
Liabilities: $ 0 $ 82 $ 7
EE Contrib: $ 0 $ 676,198
Emp Contrib: $ 0 $ 5
Income/Loss: $ 4,784 $ 89,467($ 82,467)
Total Income: $ 4,784 $ 62,467($ 76,091) $ 610,068
Paid Benefits: $ 0 $ 2 $ 9
Expenses: $ 0 $ 6 $ 3 $ 3
  Commission: $ 0 $ 12 $ 78 $ 9
Net Income: $ 4,784 $ 97,221($ 7,807) $ 422,931
Net Assets: $ 416,561 $ 56,767 $ 690,936 $ 324,618

Participants

2021202020192018
Total Participants:2776
Active Part.:2731
Retired Part.:2b95e7
Deceased Part.:aca7d11

Insurance

No Insurance Coverage

Providers

No Providers

Features

    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.

    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.

    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.

    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

202120202019201820172016201520142013
BOY Assets: $ 0 $ 9 $ 31 $ 336 $ 3 $ 20 $ 3
Liabilities: $ 0 $ 604 $ 6 $ 67 $ 692 $ 6
EE Contrib: $ 0 $ 1 $ 7 $ 3 $ 8 $ 3 $ 7
Emp Contrib: $ 0 $ 73 $ 32 $ 9
Income/Loss: $ 0 $ 69 $ 6 $ 0 $ 49 $ 414
Total Income: $ 0 $ 8 $ 880 $ 56 $ 7 $ 7
Paid Benefits: $ 0 $ 10 $ 9 $ 3 $ 18 $ 3
Expenses: $ 0 $ 3 $ 31 $ 4 $ 1 $ 9 $ 4
  Commission: $ 0 $ 0 $ 1 $ 32 $ 5 $ 76 $ 0 $ 42
Net Income: $ 0 $ 6 $ 72 $ 25 $ 5 $ 5
Net Assets: $ 0 $ 4 $ 4 $ 8 $ 97 $ 4

Participants

202120202019201820172016201520142013
Total Participants:425580335942148828744319154
Active Part.:417156671807172353462600602
Retired Part.:851d57 32de424
Deceased Part.:8a011fcd1119b9

Insurance

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Renewal:12-31-2021
Covered:1141
  1. Life Insurance
  2. ACCIDENTAL DEATH AND DISMEMBERMENT

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 280,145
Commission0% $ 0
Fees1.54% $ 4,324
Brokers

Providers

No Providers

Features

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

    4B - Life insurance.

    4D - Dental.

    4E - Vision.

    4Q - Other.


OSHA

Motor Carrier