ANTS TECHNOLOGY INC

1105 E MOORE AVE
TERRELL, TX 75160

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 48th percentile.
Good

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 100% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
  • LCM Increased 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.

  • 16% of peers have changed carriers since last year.
  • Of those who changed carriers, 4% decreased their LCM vs those who stayed with their current provider who saw a 0.6% increase, a difference of roughly 7x.
  • Current Carrier's market share is in the 75th percentile at 3.3% 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

2.200
2023

3.620
2023

0.946
2023

1.740
2023

1.000
2023

-
2023

2.400
2023

1.710
2023

1.030
2023

-
2023

1.460
2023

1.780
2022

0.911
2022

-
2022

-
2022

-
2022

1.544
2022

1.420
2022

1.274
2022

1.627
2022

1.458
2022

1.660
2022
11-16-2021

1.390
2022
11-16-2021

1.539
2022
08-12-2022

1.497
2022
08-12-2022

1.407
2021

1.088
2021

0.911
2021

-
2021

-
2021

1.407
2021

1.420
2021

1.207
2021

1.458
2021

1.544
2021
11-19-2020

1.540
2020

0.911
2020

1.161
2020

-
2020

1.420
2020

1.207
2020
09-04-2019

2.188
2020
11-01-2019

-
2020
02-19-2020

1.540
2019

0.911
2019

2.013
2019

-
2019

1.032
2018

1.830
2018

1.841
2018

-
2017

1.591
2017

1.601
2017

-
2016

1.591
2016

-
2016

1.032
2016

1.374
2015

-
2015

-
2015

1.374

Contacts

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Benefits Admin
(176) 545-6826
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Benefits Admin
(035) 280-5351
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Benefits Admin
(440) 038-4864
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(556) 600-7702
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Benefits Admin
(898) 226-6456
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(133) 696-8483
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Benefits Admin
(312) 360-2951
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Benefits Admin
(969) 341-9922
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Domain Registrant
(701) 554-6166
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(590) 049-2798
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Benefits Admin
(609) 019-4702
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Benefits Admin
(848) 988-4676
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Benefits Admin
(478) 020-8042
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Benefits Admin
(484) 013-1113
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Benefits Admin
(031) 471-6979
231

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 57,989,969 $ 18,697,908 $ 71,190,549 $ 82,819,565 $ 9,509,534 $ 2,736,778 $ 2,168,931 $ 9,088,309 $ 4,357,698 $ 2,828,014 $ 8,436,272 $ 4,973,952
Liabilities: $ 0 $ 5,239 $ 96,720 $ 0 $ 5 $ 9 $ 308 $ 660 $ 6 $ 6
EE Contrib: $ 5,063,420 $ 435,840 $ 6,987,912 $ 2,784,028 $ 4,254,521 $ 133,538 $ 769,944 $ 15,413 $ 333,252 $ 244,144 $ 872,026 $ 326,569
Emp Contrib: $ 1,807,285 $ 659,928 $ 6,054,667 $ 9,578,458 $ 392,271 $ 906,233 $ 232,681 $ 673,225 $ 214,950 $ 279,359 $ 80,806 $ 16,345
Income/Loss: $ 3,559,358 $ 919,955 $ 2,292,895($ 4,200,175) $ 1,848,603 $ 625,820($ 872,013) $ 917,164 $ 307,911 $ 10,989($ 57,383) $ 653,402
Total Income: $ 14,867,630 $ 61,923,578 $ 63,834,917 $ 7,585,185 $ 57,893,697 $ 3,942,313 $ 750,758 $ 1,529,702 $ 2,282,447 $ 980,239 $ 299,483 $ 649,315
Paid Benefits: $ 5,263,021 $ 7,596,974 $ 4,293,381 $ 3,445,677 $ 9,737,485 $ 533,335 $ 374,362 $ 7,538,715 $ 917,141 $ 71,380 $ 296,218 $ 52,686
Expenses: $ 0 $ 6 $ 6 $ 26 $ 5 $ 993
  Commission: $ 182,945 $ 568,956 $ 677,603 $ 730,616 $ 5,868 $ 72,859 $ 43,332 $ 40,657 $ 5,983 $ 27,079 $ 14,063 $ 33,084
Net Income: $ 9,238,724 $ 85,607,454 $ 3,929,031($ 4,952,560) $ 9,468,508 $ 975,022 $ 549,688 $ 105,957 $ 1,338,852 $ 432,183($ 410,096) $ 174,323
Net Assets: $ 67,742,822 $ 23,186,686 $ 38,217,411 $ 59,521,426 $ 41,013,093 $ 3,363,447 $ 6,889,869 $ 2,398,036 $ 4,001,625 $ 7,250,876 $ 221,477 $ 4,379,021

Participants

202120202019201820172016201520142013201220112010
Total Participants:8880516108542770681885808164538103
Active Part.:62649682159024404935131904303f5
Retired Part.:7f2f3fc33c2937fd1
Deceased Part.:1572b71b5b51c604747

Insurance

No Insurance Coverage

Providers

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10 EAST CHURCH STREET
FAIRPORT, NY 14450
Investment advisory (plan)
Compensation:$94,003
Relation:FIDUCIARY ADVISOR
VDGPM HIIBKPGX, RDBConsulting (pension)
Compensation:$75,113
Relation:PENSION CONSULTANT

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.

    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)).

Health Benefits

Financials

20212020201920182016
BOY Assets: $ 0 $ 98 $ 7 $ 71 $ 18
Liabilities: $ 0 $ 98 $ 3 $ 0 $ 5
EE Contrib: $ 0 $ 9 $ 16
Emp Contrib: $ 0 $ 5 $ 2 $ 0
Income/Loss: $ 0 $ 220
Total Income: $ 0 $ 2 $ 223
Paid Benefits: $ 0 $ 82 $ 26
Expenses: $ 0
  Commission: $ 0 $ 5 $ 938
Net Income: $ 0 $ 6 $ 5 $ 527
Net Assets: $ 0 $ 94 $ 89 $ 998 $ 4

Participants

20212020201920182016
Total Participants:598348816889459
Active Part.:598888323244405
Retired Part.:37134c7
Deceased Part.:b4373a

Insurance

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Renewal:09-30-2021
Covered:598
  1. Life Insurance
  2. Temp. Disability Insurance
  3. Long Term Disab. Ins
  4. ACCIDENTAL DEATH AND DISMEMBERMENT

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 352,248
Commission7.62% $ 26,847
Fees1.73% $ 6,102
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.

    4L - Death benefits (include travel accident but not life insurance).


OSHA

Motor Carrier