POOLE CHEMICAL CO INC

3300 DANVERS DR
AMARILLO, TX 79106

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 72nd percentile.
  • In the last year, premium Decreased by 90%. While peers Increased an average of 6%.
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 Higher than 65% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
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.

  • 18% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 95th percentile at 60.7% of the market.
Good

OSHA

Most employers with 10 or more employees are required to maintain injury and illness records, known as the 300 log. In the event of an inspection, this information will likely be requested. Even without injury or claim, the proper documentation should be readily available on a location by location basis. These logs are critical but simple to maintain.

  • Businesses with serious and/or repeat violations should be provided with risk management practices to eliminate unnecessary risk and minimize what must exist in current processes.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2023

1.693
2023

1.693
2023

1.380
2023

-
2022

1.693
2022

1.693
2022

1.380
2022

-
2021

1.693
2021

1.693
2021

1.380
2021

-
2020

1.693
2020

1.693
2020

1.380
2020

-
2019

-
2019

1.693
2019

-
2019

1.380
2018

-
2018

-
2018

-
2018

1.380
2017

-
2017

-
2017
01-01-2017

-
2016

-
2016

-
2016
01-01-2016

-
2015

-
2015

-
2015
01-01-2015

-
2014
01-01-2014

-
2013

-
2012

-

Contacts

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(023) 715-5616
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Wzxuc Jtotaa
Owner
(477) 559-9423
65de7

Tsbo Mfhiom
General Manager
(112) 311-2139
3179

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(375) 376-8436
fbke@smwlewmyesgnn.kbd

Qhp Mpwuhptm
(184) 393-1147
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Lbu Ddhsv
Owner
(016) 218-1609
8d317

Ouzp Domz, Vdsztmxgowiti Oonnqdq
Manufacturing Executive
(328) 718-0580
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ISDUU CQBKD
Benefits Admin
(290) 955-3704
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MGPJA LITNCVCIBBK
Benefits Admin
(771) 632-3428
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Hueke Caeyrl
GM
(849) 320-2959
clcqnbmf@futgvdfvkmabp.guf

Uqyf Saaowmjk WRGX
Director, Corporate Advisory Ser
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Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 611,101 $ 696,601 $ 347,189 $ 584,436 $ 519,375 $ 279,476 $ 924,955 $ 184,399 $ 813,897 $ 392,796 $ 255,759 $ 21,850
Liabilities: $ 0 $ 443 $ 3 $ 6 $ 6 $ 40 $ 0 $ 6 $ 26
EE Contrib: $ 40,206 $ 64,844 $ 43,090 $ 84,742 $ 20,566 $ 40,064 $ 25,289 $ 23,344 $ 56,668 $ 72,020 $ 44,570 $ 36,782
Emp Contrib: $ 10,716 $ 2 $ 7 $ 280 $ 0 $ 993 $ 97 $ 97
Income/Loss: $ 64,007 $ 68,490 $ 32,723($ 26,036) $ 40,990 $ 60,874($ 825) $ 50,364 $ 74,167 $ 36,460 $ 9,564 $ 86,115
Total Income: $ 114,929 $ 84,074 $ 189,914 $ 7,908 $ 771,987 $ 76,791 $ 2,250 $ 9,824 $ 28,256 $ 30,551 $ 15,347 $ 45,824
Paid Benefits: $ 0 $ 4 $ 55 $ 1,766 $ 997,463 $ 4 $ 50 $ 501 $ 4 $ 5,081 $ 615 $ 45
Expenses: $ 11,023 $ 5 $ 9 $ 73 $ 5 $ 89 $ 31 $ 4,457 $ 3 $ 1
  Commission: $ 0 $ 264 $ 5 $ 68 $ 73 $ 1,888 $ 4,427 $ 1,868 $ 9,354 $ 63 $ 84
Net Income: $ 103,906 $ 81,265 $ 666,653($ 84,463)($ 414) $ 28,190 $ 6,726 $ 80,982 $ 95,744 $ 14,064 $ 27,999 $ 2,733
Net Assets: $ 715,007 $ 465,290 $ 858,014 $ 196,269 $ 63,438 $ 962,847 $ 11,170 $ 881,745 $ 857,873 $ 296,514 $ 398,448 $ 462,566

Participants

202120202019201820172016201520142013201220112010
Total Participants:173449567440560754460717
Active Part.:1588071663036510b86aac4341
Retired Part.:7f6c46ffb9bcaff6910b71
Deceased Part.:5683f 82222066380016

Insurance

No Insurance Coverage

Providers

No Providers

Features

    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

    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.

    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.

    2R - Participant-directed brokerage accounts provided as an investment option under the plan.

    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.

    3B - Plan covering Self-Employed individuals.

Health Benefits

Financials

20212020201920182017201620152014201320122011201020082007
BOY Assets: $ 0 $ 18 $ 135 $ 11 $ 9 $ 5 $ 6 $ 10 $ 1
Liabilities: $ 0 $ 37 $ 3 $ 5 $ 32 $ 5 $ 7 $ 4 $ 4 $ 6 $ 7 $ 6
EE Contrib: $ 0 $ 15 $ 6 $ 85 $ 1 $ 5 $ 91 $ 27 $ 52
Emp Contrib: $ 0 $ 88 $ 3 $ 42 $ 6 $ 45 $ 9 $ 37 $ 6 $ 59
Income/Loss: $ 0 $ 7 $ 322 $ 9 $ 2 $ 92 $ 818 $ 89
Total Income: $ 0 $ 72 $ 42 $ 44 $ 571 $ 72 $ 5 $ 4 $ 7 $ 24 $ 92 $ 787
Paid Benefits: $ 0 $ 3 $ 53 $ 35 $ 55 $ 5 $ 0 $ 1 $ 42
Expenses: $ 0 $ 7 $ 0 $ 3 $ 5 $ 50 $ 3 $ 6 $ 9
  Commission: $ 0 $ 5 $ 9 $ 6 $ 581 $ 44 $ 481 $ 9 $ 1 $ 1
Net Income: $ 0 $ 61 $ 5 $ 2 $ 12 $ 67 $ 5 $ 46 $ 10 $ 574 $ 6
Net Assets: $ 0 $ 39 $ 7 $ 310 $ 6 $ 0 $ 3

Participants

20212020201920182017201620152014201320122011201020082007
Total Participants:135883816853720107553549634882853684618512
Active Part.:135602353322750527912697923171579195154810
Retired Part.:9c05625cbcf9c c90c016a5f0b0
Deceased Part.:da251ecdf66e c89e6838 5b

Insurance

IMWFUWQEF KAYF RLSTOREFM UCOBMIC
Renewal:03-31-2021
Covered:135
  1. Dental
  2. Vision
  3. Life Insurance
  4. Long Term Disab. Ins
  5. PPO Contract
  6. Indemnity Contract
  7. ACCIDENTAL DEATH & DISMEMBERMENT

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 150,910
Commission1.13% $ 1,708
Fees0% $ 0
Brokers

Providers

No Providers

Features

    4B - Life insurance.

    4D - Dental.

    4E - Vision.

    4H - Long-term disability.

    4L - Death benefits (include travel accident but not life insurance).


OSHA

Motor Carrier