DOUGHERTY'S HOLDINGS INC

5959 ROYAL LN, STE 515
DALLAS, TX 75230

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 in-line with peers, in the 63rd percentile.
  • In the last year, premium Decreased by 30%. While peers Increased an average of 3%.
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 Very Good, in the 14th percentile compared to peers.
  • In the last year, LCM Increased by 4%. While peers Increased an average of 1%.
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.

  • 4% of peers have changed carriers since last year.
  • Of those who changed carriers, 31.3% decreased their LCM vs those who stayed with their current provider who saw a 0.4% increase, a difference of roughly 86x.
  • Current Carrier's market share is in the 95th percentile at 14.2% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2022

0.946
2022

1.200
2021

0.911
2021

1.131
2020

1.693
2020
09-04-2020

1.380
2020
12-01-2020

1.380
2019

1.693
2019

1.380
2018

-
2017

-
2017

1.380
2016

-
2015

-
2014

-

Contacts

Kgqt Risy
Vice President
(271) 634-5676
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DTLO KQIC
Benefits Admin
(313) 610-0172
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AKOLO GHFDCXF
Benefits Admin
(923) 210-2684
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ZSLIVCD YRBLABTW
Benefits Admin
(128) 870-7837
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BYFTEJH KXRTKEHT
Benefits Admin
(840) 438-7897
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Nfioc Ppee
CEO
(528) 227-1261
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Industry Classification

Retirement Benefits

Financials

20212020201920182017201620152012
BOY Assets: $ 1,314,666 $ 4,314,880 $ 1,962,587 $ 8,519,534 $ 709,500 $ 2,598,384 $ 5,886,907
Liabilities: $ 0 $ 1 $ 87 $ 8 $ 6 $ 2 $ 200,000 $ 8
EE Contrib: $ 62,827 $ 33,892 $ 778,553 $ 769,763 $ 18,489 $ 271,500 $ 903,571 $ 283,170
Emp Contrib: $ 0 $ 2 $ 57,434 $ 9,471 $ 65,621 $ 661,146 $ 522,694 $ 40,587
Income/Loss: $ 187,902 $ 129,907 $ 864,776($ 804,089) $ 574,783 $ 723,055($ 29,920) $ 152,166
Total Income: $ 250,729 $ 309,487 $ 93,875 $ 420,113 $ 242,516 $ 917,802 $ 361,883 $ 238,468
Paid Benefits: $ 175,446 $ 842,787 $ 789,794 $ 590,194 $ 617,074 $ 60,978 $ 916 $ 667,371
Expenses: $ 0 $ 379 $ 0 $ 1 $ 7 $ 8
  Commission: $ 12,759 $ 47,471 $ 7,499 $ 16,013 $ 62,474 $ 1,114 $ 88,429 $ 1,157
Net Income: $ 62,524($ 647,044)($ 26,444)($ 640,859) $ 874,953 $ 583,271 $ 374,943($ 95,366)
Net Assets: $ 1,377,190 $ 894,055 $ 9,064,704 $ 4,011,734 $ 4,477,009 $ 4,621,462 $ 599,253 $ 9,860,654

Participants

20212020201920182017201620152012
Total Participants:809324213186404020553
Active Part.:372031782672082f
Retired Part.:3f3539c69edc
Deceased Part.:8 7c6e8d8495

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.

    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.

    3F - Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.

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