PERSONALIZED COMMUNICATION INC

205 E CENTER ST
DUNCANVILLE, TX 75116

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 in-line with peers, in the 66th percentile.
  • In the last year, premium Decreased by 3%. While peers Increased an average of 3%.
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 62% 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.

  • 12% of peers have changed carriers since last year. Those who did, saw a 19.6% decrease in premium vs those who stayed with their current provider had a 0.8% decrease, roughly 24x those who stayed with their current provider.
  • Current Carrier's market share is in the 99th percentile at 29.5% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2022

1.700
(Current: 1.980)
2022

1.330
2022

2.000
2022

1.100
2021

1.700
2021

1.330
2021

1.100
2020

1.700
2020

1.330
2020

1.100
2019

1.177
2019

1.068
2019
12-19-2019

-
2019
12-19-2019

-
2018

1.177
2018

-
2017

1.191
2017

-

Contacts

APBFIKD MLRWIBE
Benefits Admin
(948) 542-5797
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Hfrgdcx X Eanlguo
Chief Executive Officer
(679) 056-1860
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GXYTSHJ WKCRYMPE
Benefits Admin
(534) 566-9810
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VNROIYG U. QEPWR, SRLL
Benefits Admin
(041) 320-0385
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WZDZHYO F. SWNEJ
Benefits Admin
(322) 503-2598
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(388) 161-2913
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Lani Eypppekwor
owner
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XnivNfeuhudjyq@fre.yvw

Industry Classification

Retirement Benefits

Financials

202120202019201820172016
BOY Assets: $ 1,492,733 $ 521,271 $ 849,307 $ 374,030 $ 43,087 $ 7
Liabilities: $ 0 $ 8 $ 82 $ 3
EE Contrib: $ 0 $ 600,000 $ 1 $ 3
Emp Contrib: $ 140,373 $ 203,284 $ 32,439 $ 178,241 $ 592,572 $ 325,152
Income/Loss: $ 174,218 $ 959,383 $ 58,507($ 1,108) $ 65,092
Total Income: $ 314,591 $ 534,377 $ 519,376 $ 899,527 $ 17,119 $ 548,052
Paid Benefits: $ 0 $ 652 $ 8
Expenses: $ 0 $ 8 $ 1 $ 7 $ 86
  Commission: $ 0 $ 90 $ 99 $ 84
Net Income: $ 314,591 $ 614,709 $ 460,074 $ 629,533 $ 909,673 $ 334,743
Net Assets: $ 1,807,324 $ 4,132,122 $ 547,952 $ 292,284 $ 866,977 $ 206,550

Participants

202120202019201820172016
Total Participants:1042588659234
Active Part.:1048752847136
Retired Part.:6a760989d05
Deceased Part.:0f1b7c4b41413

Insurance

No Insurance Coverage

Providers

No Providers

Features

    1C - Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).

    1D - Floor-offset plan - Plan benefits are subject to offset for retirement benefits provided by an employer-sponsored defined contribution plan.

    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.