APEX AG CHEM INC

PO BOX 3040
HILLSBORO, OR 97123

Talking Points

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 49th percentile.
  • In the last year, LCM Increased by 2%. While peers Increased an average of 1%.
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.

  • 5% of peers have changed carriers since last year.
  • Of those who changed carriers, 2.4% decreased their LCM vs those who stayed with their current provider who saw a 1.2% increase, a difference of roughly 2x.
  • Current Carrier's market share is in the 99th percentile at 23.5% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2022

1.693
2022

1.550
2021

1.693
2021

1.520
2020

1.693
2020

-

Contacts

JLMLNIEX NSIKVJUO
Benefits Admin
(966) 326-9084
e356

QNEVQ RRFFJATP
Benefits Admin
(055) 701-6401
551

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(761) 603-7032
0b3

Industry Classification

Retirement Benefits

Financials

20212020201920182017
BOY Assets: $ 388,363 $ 692,492 $ 97,296 $ 60,400 $ 3
Liabilities: $ 0 $ 8 $ 1 $ 55
EE Contrib: $ 138,026 $ 77,863 $ 20,271 $ 65,646 $ 32,563
Emp Contrib: $ 187,861 $ 916,223 $ 87,428 $ 6,563
Income/Loss: $ 38,265 $ 840 $ 29,592($ 2,838) $ 287
Total Income: $ 364,152 $ 403,770 $ 11,553 $ 37,526 $ 89,989
Paid Benefits: $ 0 $ 9
Expenses: $ 0 $ 605 $ 5 $ 1
  Commission: $ 6,066 $ 8,963 $ 2,662 $ 95 $ 905
Net Income: $ 358,086 $ 522,703 $ 41,853 $ 12,770 $ 75,326
Net Assets: $ 746,449 $ 287,434 $ 744,591 $ 6,339 $ 81,843

Participants

20212020201920182017
Total Participants:169556
Active Part.:108449
Retired Part.:cda cf64
Deceased Part.:fdfcdbcddd

Insurance

No Insurance Coverage

Providers

No Providers

Features

    2A - Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).

    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.

    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.

    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.

    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.