CORNERSTONE SYSTEMS INC

3250 PLAYERS CLUB PKWY
MEMPHIS, TN 38125

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 Higher than 78% 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.

  • 15% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 95th percentile at 12.8% of the market.
Good

Business Stats

Policy History

Term Carrier Premium LCM
2023

3.105
2023

2.580
2023

2.310
2023

-
2023

2.099
2023

2.438
2023

2.412
2023

2.220
2023

1.955
2022

2.858
2022

2.310
2022

2.401
2022

-
2022

2.099
2022

2.255
2022

2.559
2022

2.220
2022

1.955
2021

1.316
2021

2.203
2021

1.370
2021

-
2021

-
2021

1.950
2021

1.419
2021

3.152
2021

2.758
2021

1.751
2020

2.203
2020

1.183
2020

-
2020

1.950
2020

1.419
2020

2.868
2020

2.187
2020

1.751
2020
07-01-2020

-
2019

1.985
2019

2.603
2019

-
2019

1.419
2019

2.658
2019

2.092
2019

1.718
2018

2.158
2018

-
2018

1.351
2018

2.416
2018

1.658
2018

1.062
2018

-
2017

-
2017

-
2017

-
2017

1.537
2017

-
2017

2.860
2017

-
2017
07-01-2017

-
2017
07-01-2017

-
2016

-
2016

-
2016

-
2016

-
2016

1.537
2016

-
2016

1.665
2016

2.184
2016

-
2016
07-01-2015

-
2016
07-01-2015

-
2016
07-01-2015

2.178
2015

-
2015

-
2015

-
2015

-
2015

2.008
2015

-
2015

2.184
2015

-
2014

-
2014

-
2014

-
2014

-
2014

-
2013

-
2013

-
2013
07-01-2013

-
2012

-
2012

-
2012
07-01-2012

-
2011

-
2011

-
2011
07-01-2011

-
2010

-
2010
07-01-2010

-

Contacts

Yygie Frbne
(268) 145-2517
vzlow@ctutmgjxqvz-yzllprr.pcw

0
(337) 023-2620
mnvtk@yiswvdiwnak-jjusdtx.hlp

Tajyn Zjybxkrtzk
Manager
(960) 954-2309
1b2

Lfovl Knyhuepir
Principal
(308) 182-7527
2a72

YVA OEAI
Benefits Admin
(885) 106-0864
258

TAEHNPA JOUJJD
Benefits Admin
(849) 088-7668
aaf89

KLX FQSB
Benefits Admin
(434) 298-1181
d78

HVFOXN SMMUV
Benefits Admin
(519) 326-3501
8c8

Pljicd (Ugppxn) Coekdqfc
AVP Sales
(745) 671-5387
ncpjnkxgw@pkmsgdejvbn-niexbdy.abj

DDBWRO KWFKN
Director of Human Resources
(987) 128-7651
jzgozr@dttwomnmwyh-erkqepv.ohs

Industry Classification

Retirement Benefits

Financials

2021202020192018201720162015201420132012
BOY Assets: $ 4,967,893 $ 375,871 $ 44,931,276 $ 64,429,249 $ 7,962,491 $ 5,119,720($ 633,837)($ 7,730,989)($ 5,121,083) $ 6
Liabilities: $ 18,858,648 $ 73,704,711 $ 87,913,166 $ 9,079,511 $ 1,567,639 $ 8,044,429 $ 19,026,693 $ 92,238,755 $ 75,334,309 $ 61,921,930
EE Contrib: $ 0 $ 600 $ 7 $ 7 $ 6
Emp Contrib: $ 964,645 $ 929,022 $ 205,956 $ 929,127 $ 5,605,941 $ 1,494,437 $ 643,031 $ 134,616 $ 9,802,905 $ 6,108,347
Income/Loss: $ 0 $ 8 $ 85 $ 78 $ 27 $ 57
Total Income: $ 12,264,660 $ 5,156,119($ 56,675,064) $ 4,657,930 $ 760,978 $ 8,860,299 $ 2,796,518 $ 7,600,683 $ 1,408,483($ 3,180,391)
Paid Benefits: $ 240,508 $ 114,263 $ 353,744 $ 38,498 $ 46,126 $ 8,927 $ 4,550 $ 9 $ 84
Expenses: $ 411,879 $ 900,929 $ 8,103 $ 39,116 $ 350,616 $ 14,314 $ 754,166 $ 275,387 $ 292,321 $ 775,161
  Commission: $ 0 $ 5 $ 0 $ 737
Net Income: $ 11,612,273 $ 3,719,961($ 89,104,105) $ 732,557 $ 731,943 $ 8,383,525 $ 856,390 $ 5,717,509 $ 4,025,917($ 8,891,216)
Net Assets: $ 16,580,166 $ 5,948,810 $ 3,856,609 $ 96,926,101 $ 74,712,680 $ 2,571,316 $ 3,426,810($ 807,657)($ 8,531,366)($ 6,719,568)

Participants

2021202020192018201720162015201420132012
Total Participants:216357914020440385841585199593
Active Part.:152996967906547412754392512178
Retired Part.:14477646beb3ab4
Deceased Part.:114574bd2ad48

Insurance

No Insurance Coverage

Providers

No Providers

Features

    2P - Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.

    2I - Stock bonus

    3I - Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

Health Benefits

Financials

20212020201920182017201620152014201320122011
BOY Assets: $ 0 $ 62 $ 6 $ 86 $ 7
Liabilities: $ 0 $ 0 $ 1 $ 81 $ 7
EE Contrib: $ 0 $ 6 $ 0 $ 3 $ 87 $ 2 $ 9
Emp Contrib: $ 0 $ 18 $ 8 $ 1 $ 300,000 $ 94 $ 3 $ 9 $ 9 $ 3
Income/Loss: $ 0 $ 1 $ 208 $ 1 $ 5 $ 8 $ 40 $ 0
Total Income: $ 0 $ 4 $ 9 $ 67 $ 4 $ 9 $ 44 $ 424 $ 9
Paid Benefits: $ 0 $ 72 $ 8 $ 7 $ 8 $ 42 $ 7 $ 88
Expenses: $ 0 $ 334 $ 9 $ 19 $ 9 $ 82 $ 0 $ 0 $ 488
  Commission: $ 0 $ 35 $ 419 $ 5 $ 44 $ 9 $ 97
Net Income: $ 0 $ 7 $ 1 $ 818 $ 5 $ 1 $ 1 $ 55 $ 71
Net Assets: $ 0 $ 53 $ 6 $ 1 $ 9 $ 38 $ 0

Participants

20212020201920182017201620152014201320122011
Total Participants:194178540347794082012380278960694
Active Part.:193288336970224935233948455776591
Retired Part.:11829429256
Deceased Part.:42678145d438e3 887f88ea

Insurance

SLMXM LWRUNJ JV LOHWEQURW
Renewal:09-30-2021
Covered:352
  1. Dental

Retention: $ 16,161
Claims: $ 0
Loss Ratio:0
Exp Rated Premium $ 119,716
Non-Exp Rated Premium: $ 0
Commission0% $ 0
Fees0% $ 0
NBEDVSLQ THBZTRCEM TOHKLYF
Renewal:09-30-2021
Covered:193
  1. Life Insurance
  2. AD&D

Retention: $ 10,336
Claims: $ 30,956
Loss Ratio:0.94
Exp Rated Premium $ 32,956
Non-Exp Rated Premium: $ 0
Commission7.12% $ 2,348
Fees0% $ 0
Brokers
XPXLZL GDSLVCV BXGT
Renewal:09-30-2021
Covered:128
  1. Vision

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 18,590
Commission5.68% $ 1,055
Fees0% $ 0
Brokers
CMOESWAT CQQCSIHMM IVXRFXA
Renewal:09-30-2021
Covered:193
  1. Long Term Disab. Ins

Retention: $ 39,224
Claims: $ 7,961
Loss Ratio:0.17
Exp Rated Premium $ 47,185
Non-Exp Rated Premium: $ 0
Commission9.34% $ 4,405
Fees0% $ 0
Brokers

Providers

No Providers

Features

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

    4B - Life insurance.

    4D - Dental.

    4E - Vision.

    4H - Long-term disability.

    4Q - Other.