CRITICAL COMPONENTS INC

120 INTERSTATE NORTH PKWY SE
ATLANTA, GA 30339

Talking Points

For the Agent

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

  • Increasing LCM and decreasing market share may indicate carrier is tightening underwriting guidelines and/or has written higher risk accounts that they are less willing to fight for.
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 76% of peers.
  • In the last year, premium Increased by more than 75% of peers.
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 Very Good, in the 25th percentile compared to peers.
  • LCM Decreased by more than 75% of peers.
Good

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.

  • 10% of peers have changed carriers since last year.
  • Of those who changed carriers, 12.1% decreased their LCM vs those who stayed with their current provider who saw a 1.1% increase, a difference of roughly 11x.
  • Current Carrier's market share is in the 1st percentile at 0.8% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2023

1.681
2023

-
2023

-
2023

1.686
2023

1.760
2023

1.576
2022

1.947
2022

-
2022

-
2022

1.686
2022

1.760
2022

1.580
2022

1.494
2021

1.556
2021

-
2021

-
2021

1.914
2021

1.659
2021

1.381
2020

1.556
2020

-
2020

-
2020

1.600
2019

1.556
2019

-
2019

-
2018

1.335
2018

-
2018

-
2017

1.335
2017

-
2016

-
2016

-
2015

-
2015

-
2014

-
2014
01-01-2014

-
2014
01-01-2014

-
2013
09-12-2013

-
2012
09-12-2012

-
2011
09-12-2011

-
2010
09-12-2010

-

Contacts

GAGVI Q'KXGADD
Benefits Admin
(311) 227-5207
3ec80

RTSUR LLDAPUNFX
Benefits Admin
(481) 254-4711
1a11

AKJTZ L BHPNKENON
Benefits Admin
(159) 366-3185
eca2

Sdkcs Ntyicaxvc
Owner
(872) 478-6511
ngmtva@uhartvtddimczecjur.ktt

Ztonb Utuijkqvo
CEO
edf9
ccpvgtwpnt@pktwzjhgnhywpkhzcm.vxy

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 3,068,448 $ 6,548,852 $ 4,060,927 $ 4,574,807 $ 9,282,863 $ 4,888,263 $ 217,233 $ 2,726,742 $ 566,969 $ 171,184 $ 121,540 $ 482,959
Liabilities: $ 0 $ 80 $ 4 $ 4 $ 174 $ 1 $ 3 $ 4
EE Contrib: $ 230,562 $ 189,620 $ 422,834 $ 236,034 $ 730,012 $ 876,537 $ 920,683 $ 828,962 $ 29,152 $ 15,907 $ 64,850 $ 21,917
Emp Contrib: $ 117,232 $ 39,401 $ 55,123 $ 72,169 $ 33,507 $ 41,900 $ 61,844 $ 47,818 $ 38,412 $ 48,911 $ 87,927 $ 95,688
Income/Loss: $ 328,482 $ 691,570 $ 977,687($ 26,351) $ 991,413 $ 433,109($ 998) $ 88,160 $ 697,733 $ 394,972($ 83,909) $ 15,690
Total Income: $ 676,276 $ 856,969 $ 265,918 $ 1,685 $ 42,001 $ 254,013 $ 593,481 $ 629,951 $ 635,293 $ 89,516 $ 198,216 $ 713,191
Paid Benefits: $ 52,123 $ 87,877 $ 208,558 $ 1 $ 1 $ 426,830 $ 37,481 $ 745,808 $ 296,423 $ 9,764
Expenses: $ 0 $ 3 $ 33 $ 873 $ 397
  Commission: $ 1,150 $ 152 $ 710 $ 40 $ 9,374 $ 2,384 $ 1,828 $ 7,560 $ 7,155 $ 349 $ 804 $ 61
Net Income: $ 623,003 $ 42,953 $ 203,539($ 700,251) $ 829,097 $ 462,948($ 54,913) $ 56,738 $ 807 $ 323,511($ 9,042) $ 106,098
Net Assets: $ 3,691,451 $ 5,886,958 $ 3,978,531 $ 1,054,285 $ 3,967,912 $ 161,599 $ 6,450,867 $ 4,470,888 $ 6,696,527 $ 400,041 $ 174,768 $ 239,808

Participants

202120202019201820172016201520142013201220112010
Total Participants:281172006790667559396332
Active Part.:25126057133912439e6990b 89
Retired Part.:8b 3c998dd7883240cd3fe
Deceased Part.:28e85a8c819b29efe5386ab

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

    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.

    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.

    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

20222021
BOY Assets: $ 5,974 $ 55
Liabilities: $ 0 $ 2,889
EE Contrib: $ 122,503 $ 57,711
Emp Contrib: $ 122,503 $ 20,139
Income/Loss: $ 7 $ 691
Total Income: $ 245,013 $ 74,847
Paid Benefits: $ 230,475 $ 70,488
Expenses: $ 0
  Commission: $ 15,894 $ 5,620
Net Income:($ 1,356) $ 7,218
Net Assets: $ 0 $ 7,711

Participants

20222021
Total Participants:72
Active Part.:52
Retired Part.:fb8
Deceased Part.:d

Insurance

No Insurance Coverage

Providers

No Providers

Features

    4A - Health (other than vision or dental).