AP Shale Logistics Holdco LLC

5600 Clearfork Main St, Ste 480
Fort Worth, TX 76109

Talking Points

For the Agent

These are points that might help guide an agent as they look to approach a prospect.

  • A break in policy terms may indicate inconsistent work load which can result in substandard employment.
Needs Attention

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 51st percentile.
  • In the last year, premium Increased by more than 75% of peers.
Needs Attention

Experience Mod Rating

Mod is an indication of how risky a company is to insure. It is based on a company's claim history.

  • Experience Mod is in-line with peers, in the 37th percentile.
  • There was a recent mod increase.
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 71% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
  • LCM Decreased 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.

  • 25% of peers have changed carriers since last year. Those who did, saw a 32.1% decrease in premium vs those who stayed with their current provider had a 0.3% decrease, roughly 118x those who stayed with their current provider.
  • Of those who changed carriers, 13.8% decreased their LCM vs those who stayed with their current provider who saw a 2.4% increase, a difference of roughly 6x.
  • Current Carrier's market share is in the 75th percentile at 3.8% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2022

1.858
2022

2.670
2021

1.985
2021

2.896
2021

3.152
2020

1.508
2019

1.508
2018

1.508

Contacts

Industry Classification

Retirement Benefits

Financials

20202019
BOY Assets: $ 435,954 $ 65
Liabilities: $ 0 $ 9
EE Contrib: $ 224,777 $ 289,616
Emp Contrib: $ 108,518 $ 18,584
Income/Loss: $ 139,584 $ 7,811
Total Income: $ 472,879 $ 575,776
Paid Benefits: $ 26,685 $ 47,979
Expenses: $ 0 $ 9
  Commission: $ 8,609 $ 6,626
Net Income: $ 437,585 $ 259,441
Net Assets: $ 873,539 $ 138,267

Participants

20202019
Total Participants:9852
Active Part.:5600
Retired Part.:1
Deceased Part.:78

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.

    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.