ILUKA RESOURCES INC

12472 ST JOHN CHURCH RD
STONY CREEK, VA 23882

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 42nd percentile.
  • 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.

  • 15% of peers have changed carriers since last year.
  • Of those who changed carriers, 0.1% decreased their LCM vs those who stayed with their current provider who saw a 5.7% increase.
  • Current Carrier's market share is in the 95th percentile at 4.6% of the market.
Good

Business Stats

Policy History

Term Carrier LCM
2023

1.430
2023

1.320
2022

-
2022

1.070
2022

1.060
2021

-
2021

1.070
2021

1.060
2020

-
2020

2.060
2020

1.900
2019

-
2019

1.720
2019

1.520
2018

-
2018

1.720
2018

-
2018

1.520
2017

-
2017

1.430
2017

-
2017

1.320
2016

-
2016

1.430
2016

-
2016

1.320
2015

-
2015

1.430
2015

-
2015

1.320
2014

-
2014

1.430
2014

-
2013

1.430
2013
10-31-2013

-
2012

-
2011
12-03-2011

-
2010

-
2009
10-31-2009

-

Contacts

c
(559) 532-9783
73f1

aee
(335) 346-1983
84f

AWDKJE NNPVCOHNSY
Benefits Admin
(793) 573-1143
01ff

XSANTDGV UHOKZJB
Benefits Admin
(873) 927-2093
33648

UJFQAN LCIOLIMWGP
Benefits Admin
(495) 366-5724
f36

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 19,695,140 $ 42,483,487 $ 80,722,610 $ 8,233,805 $ 83,196,667 $ 85,831,060 $ 61,566,284 $ 96,645,208 $ 2,070,625 $ 9,678,630 $ 151,713 $ 4,578,514
Liabilities: $ 0 $ 4 $ 9 $ 8 $ 6 $ 99 $ 35
EE Contrib: $ 0 $ 1 $ 54 $ 40 $ 46 $ 2 $ 1 $ 4 $ 2
Emp Contrib: $ 570,864 $ 720,228 $ 721,385 $ 956,574 $ 69,090 $ 177,998 $ 634,475 $ 672,973 $ 894,886 $ 581,131 $ 962,969
Income/Loss: $ 2,650,646 $ 379,140 $ 8,340,731($ 6,084,405) $ 9,388,855 $ 101,611($ 71,958) $ 357,357 $ 6,105,090 $ 4,888,442 $ 666,749 $ 1,863,005
Total Income: $ 3,628,609 $ 7,858,538 $ 4,490,977($ 832,423) $ 7,303,528 $ 310,012 $ 735,042 $ 9,523,024 $ 6,610,660 $ 7,724,664 $ 8,064,895 $ 3,398,119
Paid Benefits: $ 853,964 $ 788,270 $ 211,706 $ 639,599 $ 39,441 $ 744,007 $ 273,057 $ 622,463 $ 184,855 $ 795,491 $ 85,254 $ 857,447
Expenses: $ 0 $ 3 $ 4 $ 85 $ 7 $ 763 $ 6 $ 4
  Commission: $ 71,981 $ 443,353 $ 45,545 $ 1,660 $ 64,223 $ 74,557 $ 33,583 $ 826,523 $ 49,279 $ 8,557 $ 88,302 $ 98,992
Net Income: $ 2,702,664 $ 9,200,543 $ 6,972,828($ 985,023) $ 7,847,849 $ 266,214($ 426,788) $ 300,976 $ 425,381 $ 563,666 $ 87,294 $ 5,648,611
Net Assets: $ 22,397,804 $ 51,139,055 $ 35,610,589 $ 68,022,309 $ 45,513,519 $ 84,680,396 $ 84,943,782 $ 25,043,850 $ 65,133,003 $ 23,148,554 $ 8,882,681 $ 1,180,793

Participants

202120202019201820172016201520142013201220112010
Total Participants:401363778476789751533157629606160671
Active Part.:254871333484271633097916671972
Retired Part.:842676621019499172487356
Deceased Part.:14782615232529929

Insurance

WDRBBDCLG ZOVZ ZELUADPNT TNBUKYM
Renewal:12-31-2021
Covered:415
PENSION_EOY_SEP_ACCT_AMT: 5389684PENSION_PREM_PAID_TOT_AMT: 0

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 0
Commission $ 0
Fees $ 0
WPFBNMFXXI UMLGCIWFBV CSTCNPDWI SWJ RMKKJJW VLDOMKU
Renewal:12-31-2021
Covered:419
PENSION_EOY_SEP_ACCT_AMT: 0PENSION_PREM_PAID_TOT_AMT: 0

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 0
Commission $ 0
Fees $ 0

Providers

WHRFGAQRU ECUB OGMONCHZB ZIBOGZV
NEY MDUCVAGAV AOQ - PKTJInvestment advisory (plan)
Other (specify)
Compensation:$28,936
Relation:INVESTMENT ADVISORY
OFQNXHKVF EZXJ XYFBFLLNU LUXNULUContract Administrator
Direct payment from the plan
Recordkeeping fees
Compensation:$71,981
Relation:CONTRACT ADMINISTRATOR
PZT SWIQASBSX OUD - KTAF
Source: PRINCIPAL LIFE INSURANCE COMPANY
Investment advisory (plan)
Other (specify)
Compensation:INVESTMENT ADVISORY (PLAN)

Features

    1A - Benefits are primarily pay related