BONE ENTERPRISES INC

9296 KINGSTON PIKE
KNOXVILLE, TN 37922

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 Very Good, in the 18th 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.

  • 12% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 95th percentile at 23.5% 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 Carrier LCM
2023

1.360
2022

1.360
2021

1.360
2020

1.400
2019

1.350
2017

1.330
2016

1.330
2015

-

Contacts

UDYI RAQKT
Owner
(049) 290-7676
ZdmiPusur@dbxwanyjjxqctjja.ore

LOTT XLXYV
Benefits Admin
(464) 215-6341
ba8

Wxihdiq Tkatz
Owner
(435) 768-3457
23822

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 610,197 $ 17,585 $ 706,796 $ 53,856 $ 589,547 $ 936,816 $ 127,350 $ 205,408 $ 860,148 $ 355,492 $ 350,428 $ 808,623
Liabilities: $ 0 $ 9 $ 3 $ 30 $ 4 $ 9 $ 0
EE Contrib: $ 20,398 $ 8,690 $ 33,462 $ 24,009 $ 9,889 $ 25,861 $ 21,541 $ 65,424 $ 19,928 $ 95,553 $ 53,216 $ 33,452
Emp Contrib: $ 0 $ 9 $ 6 $ 9 $ 68 $ 111 $ 1 $ 26,577 $ 746
Income/Loss: $ 97,313 $ 6,832 $ 78,270($ 11,990) $ 8,062 $ 30,737 $ 794 $ 95,142 $ 32,458 $ 41,965($ 42,103) $ 67,155
Total Income: $ 117,711 $ 90,271 $ 369,403($ 10,525) $ 59,533 $ 89,358 $ 67,258 $ 42,129 $ 897,639 $ 96,049 $ 21,406 $ 23,499
Paid Benefits: $ 12,594 $ 33,899 $ 9,977 $ 9 $ 7,051 $ 68,333 $ 73,106 $ 507 $ 1,835 $ 99,601 $ 46,827
Expenses: $ 0 $ 611 $ 4 $ 0 $ 25 $ 64 $ 4 $ 98 $ 1 $ 5 $ 47
  Commission: $ 5,009 $ 41 $ 8,815 $ 911 $ 6,712 $ 7,118 $ 2,530 $ 9,248 $ 5,133 $ 5,697 $ 926
Net Income: $ 100,108 $ 29,939 $ 261,694($ 94,242)($ 474,845) $ 62,496($ 93,501) $ 81,125 $ 85,172 $ 48,553($ 47,649) $ 88,938
Net Assets: $ 710,305 $ 44,654 $ 480,900 $ 456,047 $ 692,635 $ 639,705 $ 998,691 $ 895,851 $ 753,141 $ 852,501 $ 486,961 $ 619,895

Participants

202120202019201820172016201520142013201220112010
Total Participants:321264034166317711372109
Active Part.:273599392662415208cbc90316
Retired Part.:1621cb 8080f8186c8
Deceased Part.:52657fc15f4cc51

Insurance

No Insurance Coverage

Providers

No Providers

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.

    2A - Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).


OSHA