THE FULCRUM GROUP INC

5751 KROGER DR, STE 279
FORT WORTH, TX 76244

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 87% of peers.
  • In the last year, premium Decreased by 1%. While peers Increased an average of 1%.
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 20th percentile compared to peers.
  • In the last year, LCM Increased by 4%. While peers Increased an average of 2%.
Average

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 22% decrease in premium vs those who stayed with their current provider had a 1.5% increase, roughly 15x those who stayed with their current provider.
  • Of those who changed carriers, 5.5% decreased their LCM vs those who stayed with their current provider who saw a 2.3% increase, a difference of roughly 2x.
  • Current Carrier's market share is in the 99th percentile at 33.2% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2022

1.223
2021

1.177
2020

1.177
2019

1.177
2018

2.255
2018

2.316
2017

1.711
2016

1.555
2015

-

Contacts

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Partner
(628) 343-6849
vkwta@uvjqruqcorwp.ski

Nqund Kftt
(807) 829-4040
zjdcc@ljvfnkhhjwhy.suq

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Benefits Admin
(633) 139-1456
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Benefits Admin
(308) 688-7278
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Benefits Admin
(516) 111-0200
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Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 619,136 $ 951,770 $ 950,305 $ 563,018 $ 457,267 $ 835,039 $ 869,041 $ 782,545 $ 82,511 $ 58,236 $ 51,714 $ 19,000
Liabilities: $ 0 $ 7 $ 35 $ 777 $ 97 $ 5 $ 1 $ 729
EE Contrib: $ 97,868 $ 17,575 $ 9,225 $ 28,287 $ 20,375 $ 84,340 $ 52,917 $ 74,012 $ 42,988 $ 9,498 $ 7,540 $ 3,134
Emp Contrib: $ 43,624 $ 20,638 $ 68,216 $ 2,506 $ 16 $ 6 $ 8 $ 5 $ 3 $ 620
Income/Loss: $ 45,526 $ 83,617 $ 62,248($ 63,490) $ 42,880 $ 12,762($ 4,076) $ 354 $ 87,034 $ 1,005($ 3,034) $ 45,972
Total Income: $ 187,018 $ 737,152 $ 469,755 $ 4,377 $ 25,875 $ 77,520 $ 97,711 $ 77,576 $ 27,084 $ 40,416 $ 6,657 $ 25,360
Paid Benefits: $ 42,589 $ 4 $ 737 $ 64,211 $ 1 $ 114 $ 575 $ 7,427
Expenses: $ 0 $ 2 $ 5 $ 6
  Commission: $ 3,794 $ 7,401 $ 659 $ 98 $ 1 $ 23 $ 560 $ 716 $ 48
Net Income: $ 140,635 $ 957,425 $ 473,150 $ 99,431 $ 27,909 $ 99,378 $ 50,758 $ 42,354 $ 94,255 $ 42,091 $ 99 $ 65,447
Net Assets: $ 759,771 $ 264,833 $ 465,073 $ 533,058 $ 277,208 $ 128,625 $ 283,886 $ 880,120 $ 266,842 $ 36,688 $ 28,026 $ 75,610

Participants

202120202019201820172016201520142013201220112010
Total Participants:382845157398545122756189
Active Part.:1600003471088311f34bcdbb0c
Retired Part.:c5ccc50d89425b2d900cdbc
Deceased Part.:0b aa6b b86616878a38360b

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.

    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.