TOPS WELL SERVICES LLC

3077 OUTLET CENTER DR
SEALY, TX 77474

Talking Points

For the Agent

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

  • Premium increase and carrier group change may indicate a claim occurrence.
Needs Attention

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 Very Good, in the 11th percentile compared to peers.
  • In the last year, premium Increased by 5%. While peers Increased an average of 12%.
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 89% 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.

  • 15% of peers have changed carriers since last year. Those who did, saw a 1.5% decrease in premium vs those who stayed with their current provider had a 14.4% increase.
  • Current Carrier's market share is in the 95th percentile at 8.6% of the market.
Good

Business Stats

Policy History

Term Carrier Premium LCM
2023

-
2023

2.290
2022

-
2022

2.290
2021

-
2021

2.290
2020

-
2020

2.007
2019

-
2019

1.360
2018

-
2018

1.500
2017

-
2017

1.399
2016

1.555
2015

-

Contacts

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(262) 940-8450
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(660) 030-1117
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Benefits Admin
(928) 642-9750
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Benefits Admin
(908) 430-9897
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(818) 473-5407
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Manager
(786) 202-0968
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Internal Controller
(195) 389-0882
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Financial Analyst
(725) 926-5106
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(609) 019-0161
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Fracturing Manager at TOPS Well
(227) 589-1908
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Benefits Admin
(601) 982-5054
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Industry Classification

Retirement Benefits

Financials

2021202020192018201720162015201420132012
BOY Assets: $ 726,259 $ 684,026 $ 397,181 $ 681,423 $ 58,131 $ 574,531 $ 70,321 $ 2,765 $ 6 $ 1
Liabilities: $ 0 $ 38 $ 88,338 $ 8 $ 6 $ 8 $ 1
EE Contrib: $ 65,184 $ 85,627 $ 129,735 $ 63,266 $ 69,598 $ 10,278 $ 14,004 $ 46,338 $ 9,078 $ 5
Emp Contrib: $ 0 $ 8 $ 18 $ 83 $ 4 $ 1
Income/Loss: $ 36,611 $ 41,478 $ 93,310($ 250) $ 29,451 $ 32,531($ 3,183) $ 9,569 $ 451
Total Income: $ 171,525 $ 379,882 $ 167,991 $ 94,259 $ 887,891 $ 70,098 $ 52,313 $ 41,909 $ 3,402 $ 3
Paid Benefits: $ 25,277 $ 4,994 $ 71 $ 60 $ 8 $ 8 $ 8
Expenses: $ 0 $ 724 $ 0 $ 495 $ 727
  Commission: $ 625 $ 381 $ 8,061 $ 9,703 $ 890 $ 483 $ 42 $ 45 $ 5
Net Income: $ 145,623 $ 793,693 $ 98,720 $ 74,064 $ 554,337 $ 30,083 $ 21,335 $ 62,945 $ 2,858
Net Assets: $ 871,882 $ 389,493 $ 199,062 $ 306,365 $ 841,622 $ 94,170 $ 182,438 $ 25,962 $ 8,104 $ 16

Participants

2021202020192018201720162015201420132012
Total Participants:73952807862703205588572
Active Part.:62131782356869258826086
Retired Part.:53143115633a4a2
Deceased Part.:a370af1f9ba42e2

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

    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.

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

    3B - Plan covering Self-Employed individuals.

    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.

Health Benefits

Financials

202020192018
BOY Assets: $ 0 $ 3 $ 588
Liabilities: $ 0 $ 9
EE Contrib: $ 0
Emp Contrib: $ 0
Income/Loss: $ 0
Total Income: $ 0 $ 6 $ 6
Paid Benefits: $ 0 $ 682
Expenses: $ 0 $ 4
  Commission: $ 0 $ 9
Net Income: $ 0 $ 73
Net Assets: $ 0 $ 1

Participants

202020192018
Total Participants:94763784
Active Part.:94759155
Retired Part.:37
Deceased Part.:e35e

Insurance

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Renewal:03-31-2020
Covered:86
  1. WEEKLY INCOME

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 16,394
Commission10.42% $ 1,708
Fees0% $ 0
Brokers
FWS NDBEFMY WSYOPITS NABZ VVRVIHBLC IQMOWYH
Renewal:03-31-2020
Covered:86
  1. Long Term Disab. Ins

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 21,552
Commission13.48% $ 2,905
Fees0% $ 0
Brokers
HPI SWUSMED HSLIEWKZ TTAT ZUYVNYQMC CFGIRBJ
Renewal:03-31-2020
Covered:23
  1. Life Insurance
  2. AD&D

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 15,370
Commission15% $ 2,306
Fees0% $ 0
Brokers
PTD ZEIOTFR BULMUMTL JUPT KTVHQOCJF TZFPQSA
Renewal:03-31-2020
Covered:86
  1. Life Insurance
  2. AD&D

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 20,470
Commission9.71% $ 1,988
Fees0% $ 0
Brokers
BTVALOOULIWUIOAB NTSUDZJJJ MHEETNZ
Renewal:03-31-2020
Covered:285
  1. Health

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 1,360,400
Commission5.57% $ 75,805
Fees0% $ 0
Brokers

Providers

No Providers

Features

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

    4B - Life insurance.

    4D - Dental.

    4E - Vision.

    4H - Long-term disability.

    4Q - Other.

Motor Carrier