PEREGRINE OIL & GAS HOLDCO LLC

675 BERING DR, STE 620
HOUSTON, TX 77057

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 Very Good, in the 21st percentile compared to peers.
  • In the last year, premium Decreased by 51%. While peers Increased an average of 6%.
Good

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 90% 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.

  • 4% of peers have changed carriers since last year. Those who did, saw a 3% decrease in premium vs those who stayed with their current provider had a 5.9% increase.
  • Current Carrier's market share is in the 95th percentile at 86.7% of the market.
Good

Business Stats

Policy History

Term Carrier Premium LCM
2023

1.693
2022

1.693
2021

1.693
2020

1.693
2019

-
2016

3.150
2015

-

Contacts

56
Operations/Production Manager
95
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Benefits Admin
(453) 030-0424
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Benefits Admin
(260) 191-4790
38928

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(735) 577-2473
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(047) 704-2704
2d035

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 1,331,125 $ 6,681,342 $ 386,989 $ 765,185 $ 8,888,739 $ 7,114,046 $ 3,799,172 $ 692,781 $ 545,719 $ 574,807 $ 447,821 $ 13,359
Liabilities: $ 0 $ 1 $ 40 $ 5 $ 0 $ 47 $ 63 $ 584
EE Contrib: $ 56,129 $ 51,078 $ 53,246 $ 53,937 $ 90,590 $ 275,480 $ 20,649 $ 188,445 $ 90,935 $ 53,330 $ 39,496 $ 36,091
Emp Contrib: $ 21,042 $ 59,280 $ 39,868 $ 5,535 $ 52,744 $ 29,055 $ 30,398 $ 79,388 $ 38,310 $ 5,500 $ 93,249 $ 55,461
Income/Loss: $ 205,692 $ 330,993 $ 190,174($ 5,503) $ 709,652 $ 602,530 $ 7,615 $ 62,032 $ 477,156 $ 26,166($ 53,134) $ 656,680
Total Income: $ 282,863 $ 973,002 $ 538,932 $ 36,365 $ 658,450 $ 208,655 $ 2,143 $ 215,259 $ 416,679 $ 232,095 $ 95,647 $ 366,068
Paid Benefits: $ 73,681 $ 578,540 $ 9 $ 872 $ 951,710 $ 916,659 $ 1 $ 10,529 $ 4 $ 5,829 $ 71,024
Expenses: $ 0 $ 82 $ 112 $ 0 $ 8 $ 3 $ 41 $ 8 $ 13 $ 0 $ 868
  Commission: $ 257 $ 894 $ 8,142 $ 2,972 $ 426 $ 75 $ 2 $ 84 $ 500,000 $ 17 $ 62 $ 45
Net Income: $ 208,925 $ 825,019 $ 701,858 $ 57,311($ 350,666) $ 35,530 $ 889,656 $ 695,473 $ 186,658 $ 178,101 $ 88,235 $ 768,894
Net Assets: $ 1,540,050 $ 6,220,479 $ 229,260 $ 165,212 $ 738,452 $ 792,784 $ 8,622,080 $ 45,130 $ 4,143,187 $ 489,485 $ 806,789 $ 529,201

Participants

202120202019201820172016201520142013201220112010
Total Participants:652492152815511
Active Part.:53250149771eb8c2
Retired Part.:69a8266663d 601cc9512
Deceased Part.:597 68b446c7c159771cb189

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.

    2T - Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

    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.

    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.

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