MITEL TECHNOLOGIES INC

5360 LEGACY DR. SUITE 300
PLANO, TX 75024

Talking Points

For the Agent

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

  • Premium decrease and carrier tier change may indicate competitive situation and incumbent prevailed.
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 47th percentile.
  • In the last year, premium Decreased by 45%. While peers Increased an average of 11%.
Average

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 high. It is in the 78th percentile compared to peers.
  • Mod increased 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 Very Good, in the 0th percentile compared to peers.
  • In the last year, LCM Decreased by 93%. While peers Increased an average of 2%.
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.

  • 8% of peers have changed carriers since last year. Those who did, saw a 50.5% decrease in premium vs those who stayed with their current provider had a 14.6% increase, roughly 3x those who stayed with their current provider.
  • Current Carrier's market share is in the 75th percentile at 5.9% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2023

0.900
2023

1.637
2022

0.087
2022

1.072
2022

1.000
2022

0.975
2022

0.925
2022

1.000
2022

1.034
2022

-
2022

0.900
2022

-
2022

-
2022

0.882
2022

-
2022

0.860
2022

0.900
2022

1.620
2022

0.773
2022

1.010
2022

1.020
2022

1.638
2022

0.950
2022

1.000
2021

1.239
2021

1.000
2021

1.070
2021

0.975
2021

0.925
2021

1.000
2021

1.034
2021

-
2021

1.000
2021

-
2021

-
2021

0.882
2021

-
2021

0.860
2021

0.900
2021

1.620
2021

0.773
2021

1.026
2021

1.010
2021

1.020
2021

1.681
2021

0.950
2021

1.000
2020

1.858
2020

1.351
2020

1.463
2020

-
2020

-
2020

1.880
2020

-
2020

-
2020

1.763
2020

-
2020

-
2020

1.323
2020

1.470
2020

1.742
2020

1.296
2020

-
2020

1.128
2020

1.515
2020

1.688
2020

1.681
2020

1.875
2020

1.374
2019

1.858
2019

-
2019

-
2019

1.203
2019

1.880
2019

-
2019

-
2019

-
2019

1.323
2019

-
2019

1.380
2019

1.202
2019

1.296
2019

1.032
2019

-
2019

1.590
2019

-
2019

1.744
2019

1.374
2018

1.858
2018

-
2018

-
2018

-
2018

-
2018

1.050
2018

-
2018

1.032
2018

1.590
2018

1.661
2018

1.374
2018
09-25-2017

1.280
2017

-
2017

-
2017

-
2017

-
2017

1.280
2017

1.052
2017

1.020
2017

1.020
2017

-
2017
11-30-2016

1.020
2016

-
2016

-
2016

1.280
2016

1.100
2016

1.052
2016

1.020
2015

-
2015

-
2015

1.020
2015
01-01-2015

-
2015
01-01-2015

2.719
2014

-
2014
01-01-2014

-
2014
11-30-2014

-
2013

-
2013

-
2013
11-30-2013

-
2013
11-30-2013

-
2012

-
2012
01-01-2012

-
2012
11-30-2012

-
2011

-
2011

-
2011

-
2011
11-30-2010

-
2010

-
2010

-
2010

-
2009

-
2009

-
2009

-

Contacts

Aij Qvrko
Chief Executive Officer
(342) 998-0233
5ba

Kesk Zxoyqsru
President
(654) 974-5577
aafa1

CEGUD JIDSY
Benefits Admin
(919) 771-5038
9fba

Rcikox Z.V
Senior Test Engineer
(273) 851-5669
Gktyv.Ljvtsxiw@Cthdf.wfm

DDHDVOZ ZAONWGU
Benefits Admin
(170) 860-7882
aa2

SWKRI MZJTUIX
Benefits Admin
(366) 359-8203
fc58b

TQG MVNAABIS
Benefits Admin
(972) 537-6120
bc314

JROHI HKXLL
Benefits Admin
(794) 268-5889
abe

IMULAU DICDZ
Benefits Admin
(803) 282-1904
6e39

Zsyetd L Ppm
Manager
(846) 090-1939
45c

RSBUCC HKTZPB
Benefits Admin
(813) 925-1839
50a

EKDYG EATSUML
Benefits Admin
(100) 156-8859
5e2

NWUKYM SGLUBBG
Benefits Admin
(144) 784-8423
abaf

337
(981) 097-8053
c519

Ullad Yusbsoady, Vhqfw Xvkbikkzk
Human Resources Executive
(369) 533-4641
4aa

ZZ. XJTDXQ DKJDIL
Benefits Admin
(412) 158-5338
cf3

Fkngsu Rpzdvl
Branch Manager
(074) 108-1017
f2

RIGXB VCEEV
Benefits Admin
(689) 407-5127
a3ab

5c1
(774) 008-6939
abf

78b
(947) 625-5731
b2a1

HEIQX QHLZB
Benefits Admin
(079) 571-6988
5f6a

FCRBF SDCFX
Benefits Admin
(042) 358-4378
8ff

Aanxecu Wjcke
Branch Manager
(046) 901-8192
ba32

GZV EYVPMEQX
Benefits Admin
(712) 698-2464
19f

781
(353) 781-2115
45e

Narbbu Xetrgqzf
Administrative
80ff
gddoqx.fuhlsgrd@bpfzv.vnq

GQRFZ C AISQKV
Benefits Admin
(578) 668-0476
bb91e

SSUZLYN XTKJRO
Benefits Admin
(815) 444-1524
baf

YGSEB EHMJSHZE
Benefits Admin
(879) 575-7850
4b18d

PFOLN J. HIPVCJ
Benefits Admin
(876) 344-1620
a92e

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 253,089,891 $ 702,100,820 $ 733,574,376 $ 461,862,246 $ 361,414,428 $ 1,900,522 $ 275,004 $ 59,174,755 $ 95,773,285 $ 77,339,144 $ 11,708,424 $ 97,442,857
Liabilities: $ 0 $ 8 $ 4 $ 6 $ 1 $ 3 $ 391 $ 90
EE Contrib: $ 14,189,146 $ 91,535,438 $ 3,230,476 $ 41,041,087 $ 203,710 $ 5,421,532 $ 3,541,505 $ 8,006,205 $ 4,213,457 $ 4,111,075 $ 8,952,113 $ 3,281,025
Emp Contrib: $ 3,222,213 $ 6,193,481 $ 1,076,087 $ 1,085,177 $ 7,967,806 $ 8,870,982 $ 8,653,979 $ 782,263 $ 9 $ 523 $ 7,044
Income/Loss: $ 16,549,932 $ 66,936,139 $ 72,267,283($ 42,757,850) $ 399,564 $ 7,840,008($ 226,723) $ 7,504,436 $ 72,693,770 $ 4,184,945($ 279,215) $ 5,800,105
Total Income: $ 49,140,568 $ 30,983,807 $ 32,650,900 $ 8,472,443 $ 49,210,265 $ 6,549,537 $ 2,750,020 $ 85,503,371 $ 89,167,559 $ 30,828,527 $ 9,837,871 $ 55,199,706
Paid Benefits: $ 31,255,523 $ 78,854,659 $ 33,912,425 $ 41,402,428 $ 19,937,929 $ 5,785,443 $ 76,778,921 $ 76,106,776 $ 51,771,406 $ 773,499 $ 50,264,320 $ 5,557,115
Expenses: $ 0 $ 9 $ 9 $ 56 $ 5 $ 2 $ 8
  Commission: $ 83,609 $ 91,545 $ 89,333 $ 90,446 $ 50,117 $ 86,233 $ 24,710 $ 78,553 $ 99,868 $ 29,151 $ 801,225 $ 2,352
Net Income: $ 17,769,824 $ 90,052,269 $ 94,366,492($ 24,468,057) $ 31,249,326 $ 34,749,174($ 5,758,547)($ 3,237,926) $ 1,675,336($ 5,278)($ 996,905) $ 9,091,877
Net Assets: $ 256,606,468 $ 885,679,917 $ 558,613,601 $ 718,295,973 $ 218,645,933 $ 193,935,573 $ 63,179,029 $ 73,744,204 $ 23,854,458 $ 1,584,819 $ 55,691,819 $ 51,218,942

Participants

202120202019201820172016201520142013201220112010
Total Participants:212408230704726312136200594986290827374343288611
Active Part.:108681488572272510943021826950885012255543
Retired Part.:197346110799329b7e325ad3f
Deceased Part.:36868561362211

Insurance

No Insurance Coverage

Providers

ZPTNRSUP POHKPJJWHYM HXMWOLHSIAFTQ
PDDGEQSRR UKJTAAOF, RSE.Investment advisory (plan)
Compensation:$50,529
Relation:ADVISOR
UVZFWCXH SCBFIFOE DHORV, TXCConsulting (general)
Compensation:$34,000
Relation:CONSULTANT
CYX114B, OWGConsulting (pension)
Compensation:$34,000
Relation:CONSULTANT
YKEZIPZWXS MLJLSMCMG & IQQCBGWU, BAccounting (including auditing)
Compensation:$8,250
Relation:ACCOUNTANT/AUDITOR
FVFPKQUX GYPOMHVQJNU DAWHZNAMDZBPYParticipant loan processing
Sub-transfer agency fees
Recordkeeping fees
Account maintenance fees
Securities brokerage commissions and fees
Compensation:-$42,769
Relation:RECORDKEEPER
KJRYTTSS HEQRFBFNEAR PMTUPMYNRDPKL
Source: ABF INTL EQUITY R5 - DST ASSET MAN
Sub-transfer agency fees
Compensation:0.04%
SCJKVYLT LNMTFOYPFOM PTCDVLOMRBXSA
Source: ABF SM CAP VAL R5 - DST ASSET MANA
Sub-transfer agency fees
Compensation:0.04%
ODZHZAAO ZFGJWMMWVVS DRDGGTYGZDDGU
Source: DODGE & COX INCOME - DST ASSET MAN
Sub-transfer agency fees
Compensation:0.08%
WBQLNKOU CMDKWCTECBZ CSSBVXYKWQUYF
Source: JPM SMRTRET INC R5 - JPMORGAN DIST
Sub-transfer agency fees
Compensation:0.15%
UHLYASHU XJGEERFPJZF PFAAIHVKHQDMI
Source: JPM SMRTRET 2020 R5 - JPMORGAN DIS
Sub-transfer agency fees
Compensation:0.15%
OMQNLUJU JZRECLFUNLO ZIVECHWJCNGKV
Source: JPM SMRTRET 2025 R5 - JPMORGAN DIS
Sub-transfer agency fees
Compensation:0.15%
AXTFIHSQ NNXNBZIRVYF ZPDDHSSMDZMTG
Source: JPM SMRTRET 2030 R5 - JPMORGAN DIS
Sub-transfer agency fees
Compensation:0.15%
ZFYUJWIQ DXAGKVTMKKE IGSHPZRJEBBVR
Source: JPM SMRTRET 2035 R5 - JPMORGAN DIS
Sub-transfer agency fees
Compensation:0.15%
BEJUQRLW RIQHMYRXNBG JVESZFYVYQPQW
Source: JPM SMRTRET 2040 R5 - JPMORGAN DIS
Sub-transfer agency fees
Compensation:0.15%
MWQVZTOX RVVOIYRXDXH EWMHNZYYIBUEC
Source: JPM SMRTRET 2045 R5 - JPMORGAN DIS
Sub-transfer agency fees
Compensation:0.15%
JJJNITFL KRLGUIMJXHQ LKMXAHGEZMDMF
Source: JPM SMRTRET 2050 R5 - JPMORGAN DIS
Sub-transfer agency fees
Compensation:0.15%
XQLZFZGN ZRHYQYPMIHN FDGBHMEITLXXY
Source: JPM SMRTRET 2055 R5 - JPMORGAN DIS
Sub-transfer agency fees
Compensation:0.15%
EVCOYUOY VWHUWOVZLSI NNQIAJOLDBHSF
Source: TRP GROWTH STOCK - T. ROWE PRICE S
Sub-transfer agency fees
Compensation:0.15%
KAQATVBC JYTCOISBXDP WWGULUDJRJTLL
Source: TRP MID CAP GROWTH - T. ROWE PRICE
Sub-transfer agency fees
Compensation:0.15%
ZTYZFMSA EKQFPQXTHPG CMWGFQPJJSNAG
Source: ARBITRAGE FUND CLASS R
Sub-transfer agency fees
Compensation:0.40%
GUMAYPSX IITOLFVXYYW FTHWQMDRPLTUN
Source: WATER ISLAND CREDIT OPPORTUNITIES
Sub-transfer agency fees
Compensation:0.15%
MEBPQDZQ TSWCDKPQKXP AQRBAEXNEMKXZ
Source: BAIRD AGGREGATE BONDFUND INVESTOR
Sub-transfer agency fees
Compensation:0.27%
IJJOBJZG SUCWYFGSZCY WFNGALDBJXWDZ
Source: BARON GLOBAL ADVANTAGE FD RETAIL
Sub-transfer agency fees
Compensation:0.40%
WUNVELKH QABPYLHCQOC FHFMFCHYUOVSS
Source: CALAMOS MARKET NEUTRAL INCOME CL I
Sub-transfer agency fees
Compensation:0.15%
KZKMSGVO RUGACKHXPIW IRKQWRSHQAFOR
Source: COHEN & STEERS PREF SECURITIES INC
Sub-transfer agency fees
Compensation:0.15%
DWANICIB PBPXHOXFJPG RWMDBMOBYQTTC
Source: DOUBLELINE CORE FIXED INCOME CL I
Sub-transfer agency fees
Compensation:0.06%
THHBAPLJ XAQAGAIUQVD THMBVOUOXJIHJ
Source: GRANDEUR PEAK GLOBALSTALWARTS INVE
Sub-transfer agency fees
Compensation:0.40%
VXWIEPQP VJUHSVOJUJS XPYHYGQNDFUNH
Source: INTREPID INCOME FUND INSTITUTIONAL
Sub-transfer agency fees
Compensation:0.12%
GTYNJITD NDWKVJDMUZU KPKQFNMTJGXEY
Source: FIRST TRUST MERGER ARBITRAGE CLASS
Sub-transfer agency fees
Compensation:0.10%
NUUOJPMY MZRFECACIXC VKPQSSHSFXIMC
Source: MATTHEWS ASIA DIVIDEND INST'L
Sub-transfer agency fees
Compensation:0.15%
EJXQHLUR SNEISNNWYXO YRSFRYXYSOGGY
Source: MORGAN STANLEY DISCOVERY PORT CL A
Sub-transfer agency fees
Compensation:0.40%
AGKJDHRU KKPESUTZTVZ ROPTENIHGIAKV
Source: MORGAN STANLEY INSIGHT A
Sub-transfer agency fees
Compensation:0.40%
CPPNEKJF NLUUUCYJQJO SMZCTJZATEDWU
Source: MORGAN STANLEY INSTLINTERNTL OPP C
Sub-transfer agency fees
Compensation:0.40%
NSDRMWVB MCKEXPYEIXZ ESLLYGNBVFYEV
Source: PFG JP MORGAN TACTICAGGRESSIVE STR
Sub-transfer agency fees
Compensation:0.40%
YAQBYMKS EHMSXEEAQXL AVXZMVOKHRITD
Source: PGIM STRATEGIC BOND CL Z
Sub-transfer agency fees
Compensation:0.10%
AVFCDIVH MZTUZVMTVKF JCEXIHLTEUZJD
Source: T ROWE PRICE BLUE CHIP GROWTH INC
Sub-transfer agency fees
Compensation:0.15%
UWRKQQGY YGFVFBIUPTE OKRUQUFJRISUS
Source: T ROWE PRICE INTL DISCOVERY FUND
Sub-transfer agency fees
Compensation:0.15%
YPGZGGHB GNMCBOKWXAJ OCEOQNUEXDLRE
Source: T ROWE PRICE LATIN AMERICA FUND
Sub-transfer agency fees
Compensation:0.15%
XJSHBMYA NCJHOTOBLPE SSSOFZYNTYMAF
Source: T ROWE PRICE QM US SML CAP GRWTH E
Sub-transfer agency fees
Compensation:0.15%
IPFQQAUV TVAOWDRWTQQ UQTBLSQRPFOFR
Source: THORNBURG STRATEGIC INCOME FUND CL
Sub-transfer agency fees
Compensation:0.10%
MRCZVLRQ KCTWHZCHKLL JRZPHSKPXZKWH
Source: VICTORY FLOATING RATE CL Y
Sub-transfer agency fees
Compensation:0.12%

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.

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

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

Health Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 0 $ 438 $ 5 $ 11 $ 3 $ 9 $ 337 $ 35 $ 8
Liabilities: $ 0 $ 38 $ 69 $ 29 $ 15
EE Contrib: $ 0 $ 88 $ 472 $ 47 $ 9 $ 900,000 $ 8 $ 4
Emp Contrib: $ 0 $ 2 $ 9 $ 74 $ 65 $ 72 $ 9 $ 2 $ 1 $ 37
Income/Loss: $ 0 $ 1 $ 2 $ 71 $ 2
Total Income: $ 0 $ 35 $ 3 $ 91 $ 8 $ 1 $ 5 $ 3
Paid Benefits: $ 0 $ 1 $ 52 $ 7 $ 1 $ 1 $ 44 $ 8 $ 59 $ 8
Expenses: $ 0 $ 8 $ 1 $ 1 $ 9 $ 59
  Commission: $ 0 $ 165 $ 55 $ 388 $ 81 $ 6 $ 631
Net Income: $ 0 $ 2 $ 7 $ 16 $ 179 $ 86 $ 5 $ 4 $ 6
Net Assets: $ 0 $ 93 $ 5 $ 7 $ 9 $ 1 $ 94 $ 8

Participants

202120202019201820172016201520142013201220112010
Total Participants:1122122791835440082195120046066187294886007
Active Part.:1082836414343421869919376950588837540100143
Retired Part.:406014373693010722a6dc
Deceased Part.:cb2232513 5a25be1263

Insurance

JJBZMLPSBKEF EUNO ZBSOGPJZN WJHZHZK
Renewal:12-31-2021
Covered:2182
  1. Dental

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 1,226,617
Commission0% $ 0
Fees1.27% $ 15,637
Brokers
EHMUJPOL CZLYKBKK BFTL WQZISNSNW XWEVDIW
Renewal:12-31-2021
Covered:966
  1. Vision

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 203,209
Commission0% $ 0
Fees0% $ 0
AMHPOUT BHDUV LSBUX, VQD.
Renewal:12-31-2021
Covered:277
  1. LEGAL

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 57,906
Commission9.14% $ 5,294
Fees1.27% $ 738
Brokers
ZXABYQHJ
Renewal:12-31-2021
Covered:1308
  1. EMPLOYEE ASSISTANCE PROGRAM

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 20,672
Commission0% $ 0
Fees0% $ 0
OLXXCGD
Renewal:12-31-2021
Covered:969
  1. TELEHEALTH

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 42,033
Commission15% $ 6,305
Fees0% $ 0
Brokers
SHT NJMDQJZIR QMUQIFK
Renewal:03-31-2021
Covered:1082
  1. BUSINESS TRAVEL ACCIDENT

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 23,589
Commission20% $ 4,718
Fees0% $ 0
Brokers
NOQEGGQK OSXZ VMU TWAZAASB
Renewal:12-31-2021
Covered:1619
  1. Life Insurance
  2. Long Term Disab. Ins
  3. ACCIDENTAL DEATH AND DISMEMBERMENT, ACCIDENT, CRITICAL ILLNESS, HOSPITAL

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 1,550,550
Commission6% $ 93,043
Fees0% $ 0
Brokers
GDJSTU WQQDQVVJEY OOKXUE FBAJ YRG
Renewal:12-31-2021
Covered:38
  1. Health
  2. Prescription Drug
  3. HMO Contract

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 280,381
Commission6.09% $ 17,067
Fees0% $ 0
Brokers

Providers

No Providers

Features

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

    4B - Life insurance.

    4D - Dental.

    4E - Vision.

    4F - Temporary disability (accident and sickness).

    4G - Prepaid legal.

    4H - Long-term disability.

    4L - Death benefits (include travel accident but not life insurance).

    4Q - Other.