THERAPEUTIC FAMILY LIFE

NOT AVAILABLE
AUSTIN, TX 78744

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 in-line with peers, in the 58th percentile.
  • In the last year, premium Decreased by 4%. While peers Increased an average of 1%.
Average

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 85% 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.

  • 9% of peers have changed carriers since last year. Those who did, saw a 35% decrease in premium vs those who stayed with their current provider had a 3.9% increase, roughly 9x those who stayed with their current provider.
  • Current Carrier's market share is in the 95th percentile at 74.1% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2022

1.693
2021

1.693
2020

1.693
2019

1.693
2018

-
2017

-
2016
12-03-2015

-
2015

-
2014

-

Contacts

JAZLPWY GSLXY
Director of Operations
(444) 429-4421
Avm.Dskbp@kkogxu.ssr

Dtvwlck Jzto
Domain Registrant
(615) 444-3576
vmnbb@jxqlxr.ari

RSMEERB ZZZVD
Benefits Admin
(836) 436-4294
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Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 620,943 $ 668,736 $ 296,713 $ 654,768 $ 792,327 $ 530,606 $ 523,216 $ 12,696 $ 529,537 $ 985,129 $ 325,977 $ 96,714
Liabilities: $ 0 $ 637 $ 2 $ 23 $ 7 $ 57 $ 7 $ 3
EE Contrib: $ 10,400 $ 14,368 $ 99,328 $ 82,854 $ 3,655 $ 94,127 $ 97,261 $ 55,582 $ 39,906 $ 37,444 $ 62,224
Emp Contrib: $ 0 $ 92,742 $ 2 $ 8 $ 289 $ 612 $ 3 $ 8 $ 1 $ 851 $ 1
Income/Loss: $ 145,760 $ 922,310 $ 1,782($ 6,430) $ 39,594 $ 83,943 $ 7,597 $ 20,847 $ 7,960($ 90,051) $ 6,123 $ 656,269
Total Income: $ 156,160 $ 608,170 $ 13,397($ 5,139) $ 7,498 $ 35,473 $ 20,492 $ 28,672 $ 613,309($ 46,058) $ 85,750 $ 454,353
Paid Benefits: $ 2,682 $ 257 $ 21,389 $ 326 $ 31,618 $ 63,360 $ 1,241 $ 2,714 $ 29
Expenses: $ 0 $ 5 $ 0 $ 7 $ 5 $ 2 $ 32 $ 3 $ 59
  Commission: $ 140 $ 34 $ 4 $ 4 $ 456 $ 885 $ 547 $ 536 $ 730 $ 49 $ 21
Net Income: $ 153,338 $ 592,735 $ 3,311($ 10,289) $ 679($ 53,691)($ 48,611) $ 1,771 $ 336,608($ 85,961) $ 79,093 $ 609,802
Net Assets: $ 774,281 $ 877,107 $ 304,666 $ 598,625 $ 61,210 $ 872,359 $ 747,498 $ 114,575 $ 518,521 $ 430,854 $ 347,300 $ 621,982

Participants

202120202019201820172016201520142013201220112010
Total Participants:60327276382431034460611130
Active Part.:6013958080762254400558759
Retired Part.:e1b89c35dc452fa061f92
Deceased Part.:4b4e74abe48e 6734e31a

Insurance

No Insurance Coverage

Providers

No Providers

Features

    2L - Code section 403(b)(1) arrangement.