TEXAS CEMENT PRODUCTS INC

4000 PINEMONT DR
HOUSTON, TX 77018

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 47th percentile.
  • In the last year, premium Increased by 3%. While peers Increased an average of 34%.
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 33rd percentile compared to peers.
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.

  • 25% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 75th percentile at 12.5% of the market.
Average

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

SDYJNB CGUMX
Benefits Admin
(383) 033-4667
376

Gtynhm Ajguwe Jjhje
President
(444) 117-7859
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Industry Classification

Retirement Benefits

Financials

202120202019
BOY Assets: $ 4,345 $ 5
Liabilities: $ 0 $ 2
EE Contrib: $ 21,810 $ 1,453
Emp Contrib: $ 0 $ 504 $ 4
Income/Loss: $ 3,123 $ 218 $ 35
Total Income: $ 24,933 $ 4,038 $ 8
Paid Benefits: $ 0 $ 990
Expenses: $ 0
  Commission: $ 199 $ 1 $ 0
Net Income: $ 24,734 $ 4,275 $ 8
Net Assets: $ 29,079 $ 1,507 $ 2

Participants

202120202019
Total Participants:258617
Active Part.:256324
Retired Part.:222
Deceased Part.:27dc

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.

    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.

    2T - Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

    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.

Motor Carrier