ENERGY SERVICES HOLDINGS LLC

2713 S COUNTY ROAD 1208
MIDLAND, TX 79706

Talking Points

Premium

Worker's Comp premium is based on two key factors - the LCM your carrier has filed to use, and the total payroll you run over the policy term, which is multiplied by the rate to determine premium. Comparing premium to businesses in the same industry and of similar size can indicate how fair your WC insurance provider's costs are relative to the market.

  • Premium is Higher than 91% of peers.
  • In the last year, premium Decreased by more than 75% of peers.
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 Higher than 86% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
  • LCM Increased by more than 75% of peers.
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.

  • 12% of peers have changed carriers since last year. Those who did, saw a 8.4% decrease in premium vs those who stayed with their current provider had a 0.1% increase, roughly 59x those who stayed with their current provider.
  • Current Carrier's market share is in the 75th percentile at 2.6% 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

1.184
2022

2.062
2022

-
2022

-
2022

0.840
2022

2.290
2022

1.172
2022

1.154
2022

1.099
2021

1.196
2021

-
2021

-
2021

1.195
2021

1.095
2021

1.080
2021

1.037
2021

1.019
2020

1.196
2020

1.404
2020

-
2020

-
2020

1.195
2020

1.095
2020

1.404
2020

1.080
2020

1.037
2020

1.019
2019

1.152
2019

1.404
2019

-
2019

1.271
2019

1.095
2019

1.404
2019

-
2019

1.037
2019

-
2018

1.404
2018

-
2018

1.271
2018

1.095
2018

-
2018

1.404
2018

1.037
2018

1.110
2018

1.019
2017

1.583
2017

1.855
2017

-
2017

1.564
2017

-
2017

1.855
2016

1.095
2016

-
2016

1.299
2016

-
2015

1.095
2015

-
2015

1.299
2015

-
2015

-
2014

-
2014

-
2014

-
2013

-
2013

-
2013

-
2012

-
2012

-
2011

-
2011

-
2010

-
2010

-
2009

-
2009

-

Contacts

ZPCDIUL MHUGPV
Benefits Admin
(262) 112-1485
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ETTDTJV POEOEGFX
Benefits Admin
(047) 640-2580
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GRJJGFC RKFFXSPHZT
Benefits Admin
(912) 643-4795
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WUUSPR EPMASK
Benefits Admin
(751) 039-8321
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Benefits Admin
(002) 418-7822
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Benefits Admin
(472) 240-8674
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(946) 544-9353
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Industry Classification

Retirement Benefits

Financials

20212020201920182017201620152014
BOY Assets: $ 1,257,943 $ 4,253,559 $ 5,182,013 $ 5,120,971 $ 4,976,885 $ 4,299,897 $ 4,184,099 $ 2,895,724
Liabilities: $ 0 $ 1
EE Contrib: $ 32,979 $ 31,943 $ 50,266 $ 90,189 $ 45,233 $ 87,841 $ 609,780 $ 673,739
Emp Contrib: $ 0 $ 754 $ 5 $ 184
Income/Loss: $ 151,184 $ 387,721 $ 254,672($ 94,032) $ 443,335 $ 93,878($ 31,957)($ 49,708)
Total Income: $ 184,163 $ 887,847 $ 48,008($ 51,417) $ 647,051 $ 695,831 $ 31,818 $ 960,941
Paid Benefits: $ 15,193 $ 45,956 $ 279,014 $ 90,012 $ 336,721 $ 419,755 $ 378,429 $ 24,075
Expenses: $ 0 $ 5 $ 8 $ 4 $ 9 $ 9
  Commission: $ 0 $ 443 $ 6 $ 790 $ 27 $ 1,734 $ 6,443
Net Income: $ 168,970 $ 60,618 $ 12,658($ 64,437) $ 55,362($ 42,117)($ 439,344)($ 666,974)
Net Assets: $ 1,426,913 $ 6,703,071 $ 7,581,973 $ 5,282,466 $ 3,185,935 $ 7,899,986 $ 96,831 $ 7,217,322

Participants

20212020201920182017201620152014
Total Participants:6195589939464192
Active Part.:3869544869506547
Retired Part.:0d633d5 4b59b55
Deceased Part.:24f545bdf 53c2

Insurance

No Insurance Coverage

Providers

No Providers

Features

    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.

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

    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.

    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.

Health Benefits

Financials

20212020201920172016201520142013
BOY Assets: $ 0 $ 864 $ 39 $ 24 $ 5 $ 4
Liabilities: $ 0 $ 84 $ 8 $ 41 $ 88
EE Contrib: $ 0 $ 9 $ 7 $ 7 $ 7 $ 4 $ 28
Emp Contrib: $ 0 $ 4 $ 76 $ 8 $ 5
Income/Loss: $ 0 $ 9 $ 4
Total Income: $ 0 $ 0 $ 487 $ 800,000,000
Paid Benefits: $ 0 $ 5 $ 9 $ 8 $ 99 $ 7
Expenses: $ 0 $ 453 $ 69 $ 9 $ 66 $ 9
  Commission: $ 0 $ 43 $ 100,000,000 $ 970 $ 74 $ 4
Net Income: $ 0 $ 9 $ 3 $ 6 $ 70 $ 7 $ 7
Net Assets: $ 0 $ 537 $ 2 $ 2 $ 8

Participants

20212020201920172016201520142013
Total Participants:78458916414462782074759
Active Part.:78118169771792920972510
Retired Part.:0829ba9933d6b47
Deceased Part.:faeff39e5533fb3

Insurance

NMGNXFYCJ XBGCJYNMCH QP QBIGC
Renewal:03-31-2021
Covered:184
  1. Health
  2. Dental
  3. Prescription Drug

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 1,070,545
Commission5.61% $ 60,079
Fees0.25% $ 2,670
Brokers

Providers

No Providers

Features

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

    4D - Dental.

    4R - Unfunded, fully insured, or combination unfunded/fully insured welfare plan that will not file an annual report for next plan year pursuant to 29 CFR 2520.104-20.


OSHA

Motor Carrier