TRENDSETTER ENGINEERING INC

10430 RODGERS RD
HOUSTON, TX 77070

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 96% of peers.
  • In the last year, premium Increased by 1%. While peers Increased an average of 8%.
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 84% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
  • In the last year, LCM Increased by 0%. 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.

  • 12% of peers have changed carriers since last year. Those who did, saw a 9.1% decrease in premium vs those who stayed with their current provider had a 10.6% increase.
  • Of those who changed carriers, 2.8% decreased their LCM vs those who stayed with their current provider who saw a 3.7% increase.
  • Current Carrier's market share is in the 75th percentile at 4.2% of the market.
Good

Business Stats

Policy History

Term Carrier Premium LCM
2022

2.308
(Current: 2.408)
2021

2.300
2020

2.539
2019

2.517
2018

1.678
2017

1.919
2017
11-17-2017

1.676
2016

2.524
2016

1.853
2015

1.611
2015

2.019
2014

-
2014
11-17-2014

1.369
2013
11-17-2013

1.400
2012

1.400

Contacts

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Human Resources Manager
(911) 671-4110
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Benefits Admin
(722) 721-8952
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Benefits Admin
(752) 889-2309
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Benefits Admin
(793) 555-3031
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Domain Registrant
(111) 794-5794
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Chairman/CEO
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Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 13,730,953 $ 63,531,109 $ 1,111,112 $ 89,591,399 $ 1,873,593 $ 4,851,068 $ 4,014,645 $ 8,162,311 $ 7,971,385 $ 2,121,789 $ 817,055
Liabilities: $ 0 $ 36 $ 1 $ 397 $ 1 $ 73 $ 6 $ 8
EE Contrib: $ 1,635,679 $ 9,002,043 $ 4,370,854 $ 9,068,946 $ 1,691,616 $ 4,876,259 $ 457,125 $ 205,744 $ 424,478 $ 376,424 $ 166,436 $ 514,661
Emp Contrib: $ 672,850 $ 78,440 $ 26,770 $ 423,058 $ 149,041 $ 332,567 $ 619,505 $ 928,530 $ 863,850 $ 619,568
Income/Loss: $ 1,572,181 $ 3,080,786 $ 6,137,875($ 830,785) $ 261,740 $ 301,105($ 526,993) $ 868,123 $ 369,894 $ 69,203($ 50,286) $ 59,375
Total Income: $ 4,278,011 $ 1,615,713 $ 9,171,456 $ 906,944 $ 6,876,666 $ 1,898,951 $ 8,074,812 $ 4,747,336 $ 6,823,128 $ 9,577,195 $ 107,086 $ 317,274
Paid Benefits: $ 1,138,553 $ 9,944,836 $ 415,759 $ 2,705,780 $ 430,054 $ 934,656 $ 282,729 $ 242,074 $ 83,622 $ 55,285 $ 3 $ 30
Expenses: $ 0 $ 798 $ 7 $ 7 $ 3 $ 653 $ 9
  Commission: $ 42,331 $ 30,327 $ 41,429 $ 55,257 $ 52,263 $ 5,601 $ 162 $ 239 $ 7 $ 3
Net Income: $ 3,088,517 $ 9,416,704 $ 22,866($ 6,369,276) $ 4,350,892 $ 281,781 $ 2,776,221 $ 8,503,123 $ 8,957,552 $ 8,336,961 $ 23,374 $ 536,532
Net Assets: $ 16,819,470 $ 41,219,693 $ 72,600,940 $ 6,052,986 $ 5,763,235 $ 1,353,341 $ 7,600,132 $ 8,287,657 $ 9,759,091 $ 3,956,953 $ 6,229,555 $ 963,334

Participants

202120202019201820172016201520142013201220112010
Total Participants:18299192888500909061022848096858
Active Part.:151771861179380771163318587700de7a5
Retired Part.:13 559 1da62fe260
Deceased Part.:3d5638737ffe5a50 75516

Insurance

No Insurance Coverage

Providers

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PVUGLPQK MBBTTVZGKBU GZDSGMJSOEDETParticipant loan processing
Recordkeeping fees
Account maintenance fees
Compensation:$37,766
Relation:RECORDKEEPER

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

    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.

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

Health Benefits

Financials

202020192018201720162015
BOY Assets: $ 0 $ 937 $ 0
Liabilities: $ 0 $ 994 $ 9,000
EE Contrib: $ 0 $ 53 $ 5 $ 54
Emp Contrib: $ 0 $ 7 $ 5 $ 8 $ 70
Income/Loss: $ 0 $ 66
Total Income: $ 0 $ 32
Paid Benefits: $ 0 $ 3 $ 8 $ 132
Expenses: $ 0 $ 67 $ 870
  Commission: $ 0 $ 306 $ 8 $ 9,000,000 $ 2
Net Income: $ 0 $ 9 $ 40 $ 692
Net Assets: $ 0 $ 0 $ 2 $ 97 $ 2

Participants

202020192018201720162015
Total Participants:107125458547008629
Active Part.:104566177958365425
Retired Part.:30861ffca6
Deceased Part.:5952f5567217

Insurance

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Renewal:11-30-2020
Covered:77
  1. Dental
  2. Vision
  3. Indemnity Contract

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 74,031
Commission9.92% $ 7,343
Fees0% $ 0
Brokers
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Renewal:11-30-2020
Covered:148
  1. Health

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 332,412
Commission10.91% $ 36,270
Fees0% $ 0
Brokers
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Renewal:11-30-2020
Covered:76
  1. Life Insurance

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 24,271
Commission9.06% $ 2,199
Fees0% $ 0
Brokers
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Renewal:11-30-2020
Covered:76
  1. AD&D

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 5,801
Commission12% $ 696
Fees0% $ 0
Brokers
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Renewal:11-30-2020
Covered:40
  1. SHORT TERM DISABILITY

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 10,178
Commission10% $ 1,018
Fees0% $ 0
Brokers
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Renewal:11-30-2020
Covered:52
  1. Long Term Disab. Ins

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 12,735
Commission15% $ 1,910
Fees0% $ 0
Brokers

Providers

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Other services
Compensation:$41,533
Relation:EAP ADMINISTRATION
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Source: AMERICAN SPECIALTY HEALTH
Claims processing
Contract Administrator
Named fiduciary
Participant communication
Other services
Direct payment from the plan
Non-monetary compensation
Float revenue
Compensation:$0.07 PER PARTICIPANT

Features

    4A - Health (other than vision or dental).

    4B - Life insurance.

    4D - Dental.

    4E - Vision.

    4F - Temporary disability (accident and sickness).

    4H - Long-term disability.

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