MORA CONSTRUCTION INC

PO BOX 154897
IRVING, TX 75015

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 71st percentile.
  • In the last year, premium Increased by 19%. While peers Increased an average of 0%.
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 64% 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.

  • 14% of peers have changed carriers since last year. Those who did, saw a 19% decrease in premium vs those who stayed with their current provider had a 2.1% increase, roughly 9x those who stayed with their current provider.
  • Current Carrier's market share is in the 99th percentile at 49.7% of the market.
Needs Attention

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

County
FEIN
Bureau ID
Renewal Mod
PEO
Employees
Sales
OSHA Violations
OSHA Penalty Amount
Drivers
Power Units
Auto Carrier

Policy History

Term Carrier Premium LCM
2023

1.693
2022

1.693
2021

1.693
2020

1.693
2019

1.693
2018

-
2017

-
2015

2.358

Contacts

RMMHB WQKLJXTLW
Benefits Admin
(077) 087-3113
93308
Cecjm Azqp
Owner
(898) 823-9280
41b47
Mameega Udcosfe
Managing Director
35a4
Dfcynej.Emcvwkz@bijlv.qwh

Industry Classification

Industry
Class
 Sewer Construction--All Operations & Drivers
Loss Cost
NAICS
 Water and Sewer Line and Related Structures Construction
SIC
 Water, Sewer, and Utility Lines
Related GL Codes* 91302
Cable Installation in Conduits or Subways
91324
Caisson or Cofferdam Work--Foundations for Buildings
91325
Caisson or Cofferdam Work--Not Foundations for Buildings
91577
Conduit Construction for Cables or Wires
91588
Contractors--Subcontracted Work--In Connection with Bridge, Tunnel, Elevated Street or Highway Construction, Reconstruction or Repair
91586
Contractors--Subcontracted Work--In Connection with Oil and Gas Field Construction, Reconstruction or Repair
Related Class Codes*
Related SIC Codes*

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 1,360,633 $ 2,011,666 $ 84,847 $ 494,665 $ 411,556 $ 7,301 $ 992,557 $ 970,133 $ 693,595 $ 404,615 $ 37,520 $ 535,971
Liabilities: $ 0 $ 3 $ 9 $ 39 $ 78 $ 6 $ 6
EE Contrib: $ 47,557 $ 92,864 $ 16,080 $ 88,547 $ 59,085 $ 48,659 $ 78,402 $ 50,794 $ 16,605 $ 97,541 $ 83,262 $ 45,897
Emp Contrib: $ 33,022 $ 16,318 $ 29,839 $ 63,787 $ 95,931 $ 24,659 $ 9,820 $ 22,094 $ 36,067 $ 18,517 $ 32,698 $ 3,112
Income/Loss: $ 117,486 $ 460,725 $ 369,368($ 25,748) $ 6,206 $ 55,900($ 2,600) $ 9,391 $ 71,715 $ 2,566($ 62,708) $ 31,832
Total Income: $ 198,065 $ 171,591 $ 886,727 $ 7,791 $ 806,649 $ 495,359 $ 88,740 $ 555,948 $ 507,682 $ 979,087 $ 61,699 $ 70,028
Paid Benefits: $ 28,061 $ 7,398 $ 2 $ 2,390 $ 35,707 $ 25 $ 617,156 $ 728 $ 8,635 $ 8,594 $ 0
Expenses: $ 0 $ 0 $ 1 $ 2 $ 3 $ 16 $ 9 $ 8,557 $ 0
  Commission: $ 1,132 $ 135 $ 1,023 $ 8,014 $ 910 $ 8,476 $ 7,272 $ 4,598 $ 5,209 $ 3,050 $ 0 $ 897
Net Income: $ 168,872 $ 293,581 $ 752,647($ 54,701) $ 230,828 $ 328,964($ 46,814) $ 566,154 $ 616,149 $ 848,840 $ 95,050 $ 94,783
Net Assets: $ 1,529,505 $ 4,473,950 $ 2,827,504 $ 193,262 $ 137,554 $ 104,937 $ 236,728 $ 287,375 $ 233,713 $ 704,514 $ 521,024 $ 737,213

Participants

202120202019201820172016201520142013201220112010
Total Participants:317175069626253258236468
Active Part.:2973550384419145997863a6
Retired Part.:3c965b630888ca5a38af5593a
Deceased Part.: 2828212e4945098c6f15

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.

    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.

    3H - Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).


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