HOUSTON LIVESTOCK SHOW & RODEO INC

PO BOX 20070
HOUSTON, TX 77225

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 86% of peers.
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 in-line with peers, in the 45th percentile.
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.

  • 3% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 99th percentile at 28.9% of the market.
Good

Business Stats

Policy History

Term Carrier Premium LCM
2022

1.693
2021

1.693
2020

1.693
2019

1.693
2018

-
2017

-
2016

-
2015

-
2014

-

Contacts

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President and CEO
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Admin
(549) 729-2185
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Admin
(554) 618-2125
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Admin
(756) 651-2548
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Admin
(558) 367-8683
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Director, Corporate Programs
(068) 564-7070
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Industry Classification

Retirement Benefits

Financials

2020201920182017201620152014
BOY Assets: $ 0 $ 2,559,661 $ 3,980,552 $ 402,021 $ 6,923,696 $ 8,544,695 $ 41
Liabilities: $ 0 $ 67 $ 9 $ 2
EE Contrib: $ 0 $ 128,931 $ 577,239 $ 82,647 $ 49,163 $ 613,239 $ 4,056,993
Emp Contrib: $ 0 $ 245,986 $ 97,631 $ 42,943 $ 75,543 $ 41,071 $ 71,315
Income/Loss: $ 0 $ 908,694($ 661,843) $ 324,128 $ 626,621($ 10,924) $ 83,647
Total Income: $ 0 $ 191,623 $ 46,319 $ 9,294,416 $ 862,097 $ 578,956 $ 7,825,286
Paid Benefits: $ 0 $ 680,273 $ 917,851 $ 835,314 $ 67,531 $ 99,432 $ 6
Expenses: $ 0 $ 9 $ 868 $ 63 $ 95 $ 993 $ 0
  Commission: $ 0 $ 8,033 $ 7,519 $ 696 $ 5,142 $ 289 $ 4
Net Income: $ 0 $ 214,153 $ 691,336 $ 6,759,678 $ 324,963 $ 590,657 $ 2,719,975
Net Assets: $ 0 $ 8,175,182 $ 8,967,900 $ 5,286,841 $ 1,607,550 $ 9,844,843 $ 6,644,522

Participants

2020201920182017201620152014
Total Participants:134893642688907011532
Active Part.:124634878497164089729
Retired Part.:ccda0 2a5
Deceased Part.:f90ebbf88b0 b588c

Insurance

No Insurance Coverage

Providers

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Sub-transfer agency fees
Recordkeeping fees
Account maintenance fees
Compensation:$528
Relation:RECORDKEEPER
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Source: DODGE & COX INTL STK - DST ASSET M
Sub-transfer agency fees
Compensation:0.10%
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Source: DODGE & COX STOCK - DST ASSET MANA
Sub-transfer agency fees
Compensation:0.10%
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Sub-transfer agency fees
Compensation:0.10%

Features

    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.

    2A - Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).

    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.

Health Benefits

Financials

20202019201820172016
BOY Assets: $ 0 $ 4
Liabilities: $ 0 $ 2 $ 965 $ 7 $ 16
EE Contrib: $ 0 $ 0
Emp Contrib: $ 0 $ 7 $ 17 $ 971 $ 75
Income/Loss: $ 0 $ 14 $ 81
Total Income: $ 0 $ 417
Paid Benefits: $ 0 $ 77 $ 62 $ 4 $ 686
Expenses: $ 0 $ 8 $ 336 $ 2
  Commission: $ 0 $ 61 $ 37 $ 217 $ 72
Net Income: $ 0 $ 428 $ 2 $ 67 $ 2
Net Assets: $ 0 $ 2 $ 7 $ 0

Participants

20202019201820172016
Total Participants:131775854713543
Active Part.:128478080346881
Retired Part.:3974a
Deceased Part.:f8bc1b2932

Insurance

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Renewal:08-31-2020
Covered:291
  1. Health
  2. Vision

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 2,308,068
Commission0.06% $ 1,282
Fees5.23% $ 120,618
Brokers
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Renewal:08-31-2020
Covered:133
  1. Dental
  2. Life Insurance
  3. Long Term Disab. Ins
  4. AD&D AND OPTIONAL LIFE

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 250,512
Commission6.25% $ 15,662
Fees0% $ 0
Brokers

Providers

No Providers

Features

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

    4B - Life insurance.

    4D - Dental.

    4E - Vision.

    4H - Long-term disability.

    4Q - Other.