MAIL HOUSE INC

2730 N STEMMONS FWY, STE 740
DALLAS, TX 75207

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 Decreased by 45%. While peers Increased an average of 10%.
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 in-line with peers, in the 41st percentile.
  • In the last year, LCM Increased by 10%. While peers Increased an average of 5%.
Average

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.

  • 3% of peers have changed carriers since last year. Those who did, saw a 54% decrease in premium vs those who stayed with their current provider had a 9.3% decrease, roughly 6x those who stayed with their current provider.
  • Of those who changed carriers, 9% decreased their LCM vs those who stayed with their current provider who saw a 5.1% decrease.
  • Current Carrier's market share is in the 1st percentile at 1.7% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2024
PEO
1.310
2023
PEO
1.196
2022
09-15-2021

1.081
2021

0.849

Contacts

RNWUWY AKVRJ
Benefits Admin
(221) 953-5619
11f6

Industry Classification

Retirement Benefits

Financials

20222021
BOY Assets: $ 5,849 $ 394
Liabilities: $ 0
EE Contrib: $ 6,423 $ 7,296
Emp Contrib: $ 0
Income/Loss:($ 941) $ 481
Total Income: $ 5,482 $ 5,568
Paid Benefits: $ 1,731 $ 689
Expenses: $ 0
  Commission: $ 254 $ 21
Net Income: $ 3,497 $ 3,781
Net Assets: $ 9,346 $ 1,534

Participants

20222021
Total Participants:51
Active Part.:55
Retired Part.:e43
Deceased Part.:42

Insurance

No Insurance Coverage

Providers

No Providers

Features

    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.

    2S - Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.

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

    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.

    2E - Profit-sharing

    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.

    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.