SAYERS CONSTRUCTION LLC

104 W MARTIN LUTHER KING DR
SAN MARCOS, TX 78666

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 73rd percentile.
  • In the last year, premium Decreased by more than 75% of peers.
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 75% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
  • LCM Decreased by more than 75% of peers.
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 16.9% decrease in premium vs those who stayed with their current provider had a 0.5% decrease, roughly 32x those who stayed with their current provider.
  • Of those who changed carriers, 2.9% decreased their LCM vs those who stayed with their current provider who saw a 0.1% increase, a difference of roughly 33x.
  • Current Carrier's market share is in the 99th percentile at 52.5% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2023

1.695
2023

1.385
2023

1.380
2023

-
2023

1.530
2023

1.405
2022

1.693
2022

1.695
2022

1.380
2022

1.385
2022

-
2022

2.060
2022

1.530
2021

2.100
2021

1.400
2021

1.640
2021

1.750
2021
02-17-2021

-
2021
05-27-2021

1.500
2021
10-05-2021

1.800
2020

2.400
2020

1.400
2020

1.640
2020

-
2020

1.550
2020
04-07-2020

2.000
2019

1.693
2019

2.400
2019

1.640
2019

1.400
2019

1.276
2019

-
2019

-
2019

1.550
2019
11-12-2018

-
2019
09-17-2019

1.600
2018

-
2018

1.276
2018

-
2018

-
2017

1.276
2017

-
2017
10-11-2016

-
2016

-
2016

1.276
2016
07-18-2015

-
2015

-

Contacts

NEXIRPFS NTLW-LAOY
President
(297) 177-6882
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(480) 570-6948
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BAJY TTLINS
Benefits Admin
(801) 029-6883
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Registered Agent
(723) 446-6368
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Owner
(865) 974-8664
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Bqza Paeatm
President
(791) 669-9802
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CVHD ANMELS
Benefits Admin
(253) 320-0763
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(681) 843-7369
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Benefits Admin
(523) 937-7070
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Benefits Admin
(399) 406-4099
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Benefits Admin
(826) 473-2672
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Benefits Admin
(490) 298-2672
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Benefits Admin
(266) 489-8774
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Industry Classification

Retirement Benefits

Financials

202120202019
BOY Assets: $ 91,856 $ 27,202 $ 9
Liabilities: $ 0 $ 842 $ 64
EE Contrib: $ 598 $ 65
Emp Contrib: $ 0 $ 7 $ 83,972
Income/Loss: $ 15,662 $ 4,106
Total Income: $ 16,260 $ 6,199 $ 87,086
Paid Benefits: $ 0 $ 1
Expenses: $ 0 $ 72
  Commission: $ 544 $ 56 $ 1
Net Income: $ 15,716 $ 5,456 $ 19,348
Net Assets: $ 107,572 $ 8,515 $ 93,063

Participants

202120202019
Total Participants:959
Active Part.:867
Retired Part.:ca0a
Deceased Part.:fd412

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.

    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.

Health Benefits

Financials

20212020201920182017201620152014
BOY Assets: $ 1,217 $ 8 $ 999 $ 227 $ 6 $ 9,462 $ 80,000
Liabilities: $ 0 $ 1 $ 6 $ 31 $ 647 $ 3 $ 34 $ 5,371
EE Contrib: $ 0 $ 6 $ 63 $ 4 $ 260 $ 0
Emp Contrib: $ 52,408 $ 24,039 $ 20,483 $ 46,912 $ 4,826 $ 66,768 $ 11,981 $ 6,528
Income/Loss: $ 0 $ 3 $ 179 $ 17 $ 11 $ 804
Total Income: $ 52,408 $ 3,749 $ 64,790 $ 28,557 $ 49,034 $ 12,231 $ 42,498 $ 2,256
Paid Benefits: $ 7,233 $ 8,033 $ 2,114 $ 8,780 $ 9,115 $ 3,204 $ 51,326 $ 387
Expenses: $ 33,749 $ 55,899 $ 43,289 $ 76,987 $ 48,007 $ 42,354 $ 35,862 $ 3
  Commission: $ 11,951 $ 37,942 $ 7,048 $ 2,699 $ 4,272 $ 4,583 $ 6,775 $ 7,712
Net Income:($ 525) $ 6,758($ 34)($ 334)($ 6,458) $ 9,647 $ 6,094($ 2,209)
Net Assets: $ 692 $ 9,735 $ 6 $ 52 $ 541 $ 7,312 $ 2($ 8,311)

Participants

20212020201920182017201620152014
Total Participants:43173999
Active Part.:43685691
Retired Part.:1af1e7cc386317a
Deceased Part.:f0d977ec4f8f44fc64

Insurance

No Insurance Coverage

Providers

No Providers

Features

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

Motor Carrier