TWIN EAGLE MEXICO HOLDINGS LLC

1700 CITY PLAZA DR STE 500
SPRING, TX 77389

Talking Points

For the Agent

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

  • Premium decrease and carrier tier change may indicate competitive situation and incumbent prevailed.
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 Higher than 83% of peers.
  • In the last year, premium Decreased by 22%. 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 59% 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.

  • 11% of peers have changed carriers since last year. Those who did, saw a 20% decrease in premium vs those who stayed with their current provider had a 2.2% increase, roughly 9x those who stayed with their current provider.
  • Current Carrier's market share is in the 75th percentile at 6.8% 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

Policy History

Term Carrier Premium LCM
2023

1.738
2023

2.048
2023

2.500
2023

1.795
2023

-
2023

1.850
2023

2.155
2023

1.707
2023

2.080
2023

1.448
2023

-
2023

1.564
2023

1.482
2022

2.048
2022

1.693
2022

1.738
2022

1.389
2022

2.404
2022

1.780
2022

1.160
2022

1.350
2022

-
2022

-
2022

2.072
2022
01-01-2022

-
2021

2.048
2021

1.693
2021

1.738
2021

-
2021

2.240
2021

1.443
2021

1.390
2021

1.160
2021

1.350
2021

-
2021

-
2021

1.747
2020

1.645
2020

1.448
2020

2.000
2020

-
2020

-
2020

1.440
2020

-
2020

1.600
2020

1.450
2020

-
2020

-
2020

1.456
2020

-
2019

1.645
2019

-
2019

1.600
2019

-
2019

-
2019

1.482
2019

1.456
2019

1.564
2019

1.250
2018

1.510
2018

-
2018

1.704
2018

-
2018

1.250
2018
07-01-2018

-
2017

1.535
2017

-
2017

-
2017

1.250
2017
07-01-2017

-
2016

2.168
2016

-
2016

1.719
2016

1.250
2016
07-01-2016

-
2015

-
2015

-
2015

-
2015

-
2015

-
2015

1.230
2015

2.153
2015

-
2014
02-28-2014

-
2014
02-28-2014

-
2013

-

Contacts

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President
(561) 806-1816
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(630) 327-7116
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(711) 468-6671
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(290) 203-4319
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(719) 816-1616
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Axpo Myly Krydbof
Director, Origination
(338) 573-5700
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Recruiting Manager
(379) 404-6555
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Benefits Admin
(740) 846-9243
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Benefits Admin
(205) 625-2013
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SVP Business Development, Midstr
(610) 480-4209
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Benefits Admin
(109) 939-3251
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President
(177) 255-6256
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Benefits Admin
(359) 792-7438
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Benefits Admin
(853) 535-9134
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Benefits Admin
(678) 966-7478
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Benefits Admin
(167) 892-2451
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Administrative Law Judge
(471) 571-2193
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SVP Business Development, Midstr
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Industry Classification

Retirement Benefits

Financials

2021202020192018
BOY Assets: $ 24,660,323 $ 87,117,437 $ 9,162,791 $ 85,638,188
Liabilities: $ 0 $ 4 $ 4 $ 6
EE Contrib: $ 2,014,960 $ 280,404 $ 3,165,012 $ 7,176,012
Emp Contrib: $ 1,075,499 $ 266,572 $ 8,425,439 $ 4,940,089
Income/Loss: $ 1,359,634 $ 7,504,231 $ 8,307,630($ 4,908,525)
Total Income: $ 6,778,741 $ 2,427,392 $ 4,172,277 $ 8,866,016
Paid Benefits: $ 2,262,616 $ 1,613 $ 4,293,271 $ 3,838,742
Expenses: $ 0 $ 9 $ 35
  Commission: $ 93,889 $ 62,718 $ 50,259 $ 84,900
Net Income: $ 4,422,236 $ 4,326,295 $ 5,327,573 $ 1,828,106
Net Assets: $ 29,082,559 $ 90,416,413 $ 70,641,257 $ 22,969,128

Participants

2021202020192018
Total Participants:284960476105
Active Part.:182470240154
Retired Part.:519498d
Deceased Part.:296163

Insurance

No Insurance Coverage

Providers

CFCOFEDA DFOYVWDSRAR FTLNYUYXQAJGU
KMJAAMAN PZZSSOOZG PYPDFSYF QSVInvestment advisory (plan)
Compensation:$67,007
Relation:ADVISOR
ZDLAVUVGTI ZNRYWYXYC FIPOFFMATJInvestment advisory (plan)
Compensation:$25,101
Relation:ADVISOR
TAYKLNHA EBVNIFJUDPN ENQSFJOXAFXJCParticipant loan processing
Sub-transfer agency fees
Recordkeeping fees
Account maintenance fees
Compensation:$1,781
Relation:RECORDKEEPER
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Source: ABF SM CAP VAL R5 - DST ASSET MANA
Sub-transfer agency fees
Compensation:0.04%
IDFTQBXB VXTINHYJIVO NWKTPYMRZQQLS
Source: BAIRD MID CAP INST - US BANCORP FU
Sub-transfer agency fees
Compensation:0.06%
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Source: CB SMALL CAP I - BNY MELLON INVEST
Sub-transfer agency fees
Compensation:0.10%
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Source: INVS DIVRS DIVD R5 - INVESCO INVES
Sub-transfer agency fees
Compensation:0.35%
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Source: METWEST TOT RTN BD M - BNY MELLON
Sub-transfer agency fees
Compensation:0.35%

Features

    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.

    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.

    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

2021202020192018
BOY Assets: $ 0 $ 6 $ 2
Liabilities: $ 0 $ 95
EE Contrib: $ 0 $ 8 $ 5
Emp Contrib: $ 0 $ 88 $ 39
Income/Loss: $ 0 $ 5 $ 35
Total Income: $ 0 $ 2 $ 2
Paid Benefits: $ 0 $ 1 $ 164
Expenses: $ 0 $ 3 $ 8
  Commission: $ 0 $ 1 $ 98
Net Income: $ 0 $ 4
Net Assets: $ 0 $ 0

Participants

2021202020192018
Total Participants:142398558552
Active Part.:139328124306
Retired Part.:3112
Deceased Part.:84ce9

Insurance

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Renewal:12-31-2021
Covered:402
  1. Health

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 2,562,990
Commission2.17% $ 55,590
Fees0.2% $ 5,217
Brokers
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Renewal:12-31-2021
Covered:203
  1. Vision
  2. Life Insurance
  3. Temp. Disability Insurance
  4. Long Term Disab. Ins
  5. ACCIDENT, AD&D, CRITICAL ILLNESS, EMPLOYEE ASSISTANCE PROGRAM

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 244,804
Commission14.86% $ 36,366
Fees0% $ 0
Brokers

Providers

No Providers

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.

    4Q - Other.


OSHA

Motor Carrier