AIRCLEAN HOLDINGS INC

3101 YORKMONT RD, STE 400
CHARLOTTE, NC 28208

Talking Points

For the Agent

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

  • Increasing LCM and decreasing market share may indicate carrier is tightening underwriting guidelines and/or has written higher risk accounts that they are less willing to fight for.
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 98% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
  • In the last year, LCM Increased by 2%. While peers Increased an average of 3%.
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.
  • Of those who changed carriers, 0.5% decreased their LCM vs those who stayed with their current provider who saw a 3.2% increase.
  • Current Carrier's market share is in the 75th percentile at 2.2% of the market.
Good

Business Stats

Policy History

Term Carrier Premium LCM
2024

2.250
2024

3.249
2024

-
2024

2.700
2023

3.250
2023

2.250
2023

2.637
2023

-
2023

-
2023

2.650
2023

2.650
2023

2.239
2023

2.687
2022

3.250
2022

2.250
2022

2.637
2022

-
2022

-
2022

2.650
2022

2.650
2022

-
2022

2.240
2022

2.687
2021

2.793
2021

-
2021

2.650
2021

1.871
2021

2.325
2020

2.603
2020

-
2020

2.854
2020

1.950
2020

1.902
2020

1.523
2020

-
2020

2.854
2020

2.355
2020
09-21-2020

2.894
2020
09-21-2020

1.950
2019

2.366
2019

2.366
2019

1.902
2019

1.950
2018

1.900
2017

1.900
2016

-
2015
12-20-2014

1.630
2015
01-17-2015

-
2014

-

Contacts

Iicox Eoiylks
Chief Financial Officer
(280) 805-2687
bkfqz.xynbclj@ypqmrgmofrqzrumnjkwlf.idg

Hdtpfsz Mjidmqj
Founder & CTO
(355) 717-9119
NqvscfwYmjnlra@odhagepcfbypyxnovedcd.oxv

Flejhbt Ozaicmn
Founder And Chief Technology Officer
(898) 674-4103
asyzoiv@gjhgneivzwaolnqqgskza.xfk

Amrml Ptlrsiudw
Chief Executive Officer
(823) 438-7932
qrrnm.mxppgsuwf@ffdnvpnijozibgmikffoc.sls

Mimsx Yqhvcve
Head of Product Development
(826) 350-0867
gynpo.yxpljcd@iqkkrxsyzknjuodstezyu.kdd

HDNW ROCZXIH
Benefits Admin
(037) 218-9078
593

Industry Classification

Retirement Benefits

Financials

2022202120202019
BOY Assets: $ 3,782,252 $ 120,403 $ 848,404
Liabilities: $ 0 $ 6 $ 643
EE Contrib: $ 732,159 $ 752,939 $ 912,686 $ 77,238
Emp Contrib: $ 152,063 $ 542,382 $ 57,669 $ 9,149
Income/Loss:($ 676,411) $ 186,224 $ 84,860 $ 7,071
Total Income: $ 207,811 $ 6,854,475 $ 666,823 $ 346,409
Paid Benefits: $ 227,827 $ 418,768 $ 8,555 $ 8
Expenses: $ 0 $ 58 $ 98
  Commission: $ 43,589 $ 44,438 $ 7,194 $ 623
Net Income:($ 63,605) $ 3,084,149 $ 940,265 $ 59,372
Net Assets: $ 3,718,647 $ 753,600 $ 486,137 $ 364,322

Participants

2022202120202019
Total Participants:299298
Active Part.:670422
Retired Part.: 43ad06
Deceased Part.:35d403

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.

    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.