LENDINGTREE LLC

1415 VANTAGE PARK DR STE 700
CHARLOTTE, NC 28203

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 58% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
  • In the last year, LCM Increased by 12%. While peers Increased an average of 1%.
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.

  • 13% of peers have changed carriers since last year.
  • Of those who changed carriers, 12.6% decreased their LCM vs those who stayed with their current provider who saw a 2.5% increase, a difference of roughly 5x.
  • Current Carrier's market share is in the 99th percentile at 22.8% of the market.
Needs Attention

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 Carrier Premium LCM
2023

1.430
2023

1.406
2022

1.092
2022

1.350
2022

1.320
2022

1.739
2022

1.260
2022

1.360
2022

1.384
2022

-
2022

1.120
2022

-
2022

1.460
2022

1.480
2022

1.275
2022

1.172
2022

1.004
2022

1.313
2022

1.308
2022

1.295
2022

1.275
2021

0.900
2021

1.040
2021

0.850
2021

-
2021

1.061
2021

1.073
2021

1.125
2021

-
2021

-
2021

1.155
2021

1.018
2021

1.300
2021

0.981
2021

0.850
2021

1.035
2021

1.138
2021

1.000
2021

0.965
2021

1.000
2021
12-01-2021

0.840
2021
12-01-2021

1.000
2020

-
2020

-
2020

0.850
2020

1.061
2020

-
2020

1.073
2020

1.125
2020

-
2020

1.155
2020

1.018
2020

1.300
2020

0.780
2020

0.892
2020

-
2020

1.060
2020

1.120
2020

1.110
2020

0.985
2020

1.000
2019

-
2019

1.858
2019

1.250
2019

1.880
2019

1.203
2019

-
2019

-
2019

1.323
2019

1.202
2019

-
2019

1.032
2019

-
2019

-
2019

1.744
2019

1.374
2019
07-01-2018

-
2019
12-01-2018

-
2019
12-01-2019

-
2019
12-01-2019

1.380
2019
12-01-2019

1.590
2018

-
2018

-
2018

1.250
2018

-
2018

1.203
2018

-
2018

-
2018

1.323
2018

-
2018

1.032
2018

1.661
2018

1.858
2018

1.374
2018

1.590
2017

-
2017

-
2017

1.250
2017

-
2017

1.203
2017

-
2017

-
2017

-
2017

1.202
2017

1.032
2017

1.569
2017

1.374
2017
07-01-2016

-
2016

-
2016

1.250
2016

-
2016

-
2016

-
2016

1.202
2016

1.032
2016

1.374
2015

-
2015

1.250
2015

-
2015

-
2015

1.202
2015

1.374
2014

1.603
2013

-
2012

-
2012

-
2011

-
2011

1.416
2011

-
2011
07-01-2011

-
2011
12-01-2011

-

Contacts

EWKMUO B. ERUSTT
Benefits Admin
(695) 455-2786
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Benefits Admin
(841) 036-2640
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Benefits Admin
(685) 239-8103
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BLVHES VCOOIIS
Benefits Admin
(352) 483-3108
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Benefits Admin
(363) 159-2740
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Benefits Admin
(120) 575-2805
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TCNSWVU S. OTGW
Benefits Admin
(276) 340-5049
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Benefits Admin
(043) 823-1478
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Benefits Admin
(227) 651-0799
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(462) 478-5389
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(186) 535-6658
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Benefits Admin
(321) 235-8581
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Benefits Admin
(665) 522-7856
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Benefits Admin
(453) 004-3348
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Benefits Admin
(103) 433-0332
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Benefits Admin
(339) 812-9542
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Benefits Admin
(746) 885-7534
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Marketing Manager
(252) 917-2868
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Benefits Admin
(763) 383-9538
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(094) 287-5301
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Benefits Admin
(540) 836-6685
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Engineering Manager
(272) 451-6216
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President
(519) 871-1003
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Benefits Admin
(308) 727-4174
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Benefits Admin
(664) 974-8855
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(787) 121-9232
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(810) 197-6943
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(379) 428-9240
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(442) 519-7515
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Benefits Admin
(032) 116-7119
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(777) 143-7778
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Senior Recruiter
(136) 292-4540
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(801) 060-9428
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(570) 603-8912
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(977) 383-4021
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(819) 777-0924
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(546) 704-6574
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(279) 118-9140
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(987) 705-0293
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President
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Benefits Manager
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Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 66,522,789 $ 74,371,540 $ 46,630,706 $ 28,321,336 $ 48,471,298 $ 10,651,829 $ 41,252,393 $ 40,782,832 $ 24,815,932 $ 78,971,445 $ 10,740,578 $ 75,834,055
Liabilities: $ 0 $ 2 $ 89 $ 9 $ 223 $ 301,315 $ 3 $ 1
EE Contrib: $ 13,698,317 $ 46,331,473 $ 70,287,060 $ 9,680,702 $ 7,251,805 $ 1,607,757 $ 1,659,866 $ 6,470,687 $ 1,411,229 $ 5,631,277 $ 9,197,070 $ 8,432,587
Emp Contrib: $ 2,811,910 $ 9,624,780 $ 6,110,066 $ 4,265,414 $ 454,735 $ 42,310 $ 634,612 $ 84,028 $ 405,960 $ 849,804 $ 214,395 $ 728,347
Income/Loss: $ 10,159,736 $ 2,837,507 $ 3,091,440($ 6,896,307) $ 3,558,623 $ 3,886,915($ 440,682) $ 493,613 $ 5,702,193 $ 6,994,368($ 1,295,350) $ 8,388,739
Total Income: $ 28,703,141 $ 187,535 $ 83,449,518 $ 3,159,190 $ 537,259 $ 5,307,270 $ 9,433,048 $ 3,333,793 $ 8,352,900 $ 4,185,411 $ 9,721,375 $ 7,317,084
Paid Benefits: $ 6,904,957 $ 5,300,928 $ 3,974,477 $ 1,218,163 $ 5,582,221 $ 5,384,412 $ 9,029,897 $ 1,839,516 $ 4,458,763 $ 62,436,906 $ 6,076,397 $ 1,444,937
Expenses: $ 0 $ 14 $ 20,000,000 $ 2 $ 2 $ 2
  Commission: $ 236,732 $ 261,922 $ 612,256 $ 546,017 $ 59,478 $ 3,962 $ 4,447 $ 87,188 $ 16,427 $ 67,737 $ 75,892 $ 38,779
Net Income: $ 21,467,418 $ 35,130,722 $ 57,726,800 $ 1,331,061 $ 4,678,916 $ 2,051,322($ 367,739) $ 381,375($ 2,475,284)($ 8,166,338)($ 943,917) $ 7,816,277
Net Assets: $ 87,990,207 $ 35,307,564 $ 97,829,940 $ 66,546,009 $ 48,169,667 $ 2,141,853 $ 9,353,956 $ 77,767,961 $ 94,579,852 $ 78,656,102 $ 95,640,716 $ 86,182,841

Participants

202120202019201820172016201520142013201220112010
Total Participants:172908520011665471700859671979499237809914
Active Part.:135582730200493956412513613819898925175
Retired Part.:851f6 9 ffd75 2ac07
Deceased Part.:1182e6e49 5a839e23eb0

Insurance

BXQGFITGL XTBP VUPBDECFG IPRTNLB
Renewal:12-31-2021
Covered:1730
PENSION_EOY_SEP_ACCT_AMT: 0PENSION_PREM_PAID_TOT_AMT: 0

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 0
Commission $ 0
Fees $ 0

Providers

BWPSQGYGE IZNF KJLCDUPLL AMEGVNR
EREBRCDX HJFDFC GLXWUJMCU MASQZ WTFSecurities brokerage
Direct payment from the plan
Recordkeeping fees
Account maintenance fees
Compensation:$6,417
Relation:BROKER/DEALER
WASRSYX XMRMQATFCP OYEELZFC, MBIInvestment advisory (plan)
Direct payment from the plan
Compensation:$40,000
Relation:INVESTMENT ADVISORY
QOBNLDEAO GSLI ZRVMQQHIY SHFCOUYContract Administrator
Participant loan processing
Direct payment from the plan
Recordkeeping fees
Compensation:$193,856
Relation:CONTRACT ADMINISTRATOR
OKIEXIFJ IONPCW LAQFAXGLB SMOUN QKA
Source: PRINCIPAL LIFE INSURANCE COMPANY
Securities brokerage
Direct payment from the plan
Recordkeeping fees
Account maintenance fees
Compensation:PRINCIPAL SELF DIRECTED BROKERAGE ACCOUNT FEES
EQEKEXZTM FQSN KVIDDLSDH RIOWTPA
Source: FIDELITY GLOBAL BROKERAGE GROUP INC
Contract Administrator
Participant loan processing
Direct payment from the plan
Recordkeeping fees
Compensation:PRINCIPAL SELF DIRECTED BROKERAGE ACCOUNT FEES

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.

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

    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.

    3H - Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

Health Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 0 $ 0 $ 90 $ 8 $ 200 $ 0 $ 66 $ 400 $ 28 $ 8
Liabilities: $ 0 $ 1 $ 9 $ 388 $ 22 $ 8 $ 20 $ 88
EE Contrib: $ 0 $ 5 $ 53 $ 9 $ 74 $ 3 $ 78 $ 8 $ 0
Emp Contrib: $ 0 $ 4 $ 5 $ 5 $ 87 $ 87 $ 4
Income/Loss: $ 0 $ 87 $ 2 $ 7,000,000 $ 6 $ 6
Total Income: $ 0 $ 20 $ 2 $ 2
Paid Benefits: $ 0 $ 5 $ 70,000 $ 96 $ 18 $ 6 $ 645 $ 11
Expenses: $ 0 $ 27 $ 61 $ 6 $ 8 $ 8 $ 74 $ 1 $ 76
  Commission: $ 0 $ 2 $ 38
Net Income: $ 0 $ 8 $ 5 $ 6 $ 20 $ 9 $ 1 $ 85 $ 7
Net Assets: $ 0 $ 8 $ 1 $ 3 $ 72 $ 42 $ 730 $ 7 $ 0 $ 7

Participants

202120202019201820172016201520142013201220112010
Total Participants:1356359874901015291353489309996337588999
Active Part.:133981544743684179214794112720245087691
Retired Part.:17fa14548725c1974459
Deceased Part.:62bf390d6ae96e626d2 3669b0

Insurance

AXFNXOZR AKNI LBC XOZSAMWT
Renewal:12-31-2021
Covered:1339
  1. Life Insurance
  2. Long Term Disab. Ins
  3. ACCIDENTAL DEATH AND DISMEMBERMENT

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 446,193
Commission0% $ 0
Fees0% $ 0
JNGUES NLXNCMC XFQT
Renewal:12-31-2021
Covered:953
  1. Vision

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 197,902
Commission0% $ 0
Fees0% $ 0
VDFYGGFIN SMHL VFUWBKPJN RVZTKVQ
Renewal:12-31-2021
Covered:383
  1. ACCIDENT, CRITICAL ILLNESS, HOSPITAL

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 88,187
Commission20% $ 17,637
Fees3.74% $ 3,296
Brokers

Providers

No Providers

Features

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

    4B - Life insurance.

    4D - Dental.

    4E - Vision.

    4H - Long-term disability.

    4L - Death benefits (include travel accident but not life insurance).


OSHA

Motor Carrier