Source One Pharmacy Services
3415 W CHESTER PIKE STE 201
新城广场,PA 19073
Talking Points
Experience Mod Rating
Mod is an indication of how risky a company is to insure. It is based on a company's claim history.
- Experience Mod isvery good. It is in the 8th percentile compared to peers.
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 54th percentile.
- LCMIncreasedby more than 75% of peers.
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.
- 4% 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 2.2% increase.
- Current Carrier's market share is in the 75th percentile at 4.2% of the market.
Business Stats
Policy History
| Term | Exp. Mod | Carrier | LCM |
|---|---|---|---|
| 2021 |
1.750 | ||
| 2021 10-01-2020 |
1.536 | ||
| 2020 |
1.321 | ||
| 2019 |
1.224 | ||
| 2018 |
1.550 | ||
| 2017 |
1.531 | ||
| 2016 |
1.531 | ||
| 2015 |
1.412 | ||
| 2014 |
- | ||
| 2013 |
- | ||
| 2012 |
- | ||
| 2011 |
- | ||
| 2010 |
- | ||
| 2009 |
- |
Contacts
Industry Classification
Drugstores
Drug Stores and Proprietary Stores
Drugstores
12374
Drugstores--No Table or Counter Service for Beverage or Food
45900
Mail Order or Online Drug Stores
Retirement Benefits
Financials
| 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|
| BOY Assets: | $ 1,252,282 | $ 548,404 | $ 723,362 | $ 177,999 | $ 31,881 | $ 346,081 | $ 474,597 |
| Liabilities: | $ 0 | $ 44 | $ 7 | ||||
| EE Contrib: | $ 124,109 | $ 887,723 | $ 81,275 | $ 54,831 | $ 69,184 | $ 10,343 | $ 25,728 |
| Emp Contrib: | $ 57,882 | $ 746 | $ 6 | $ 983 | $ 80 | ||
| Income/Loss: | $ 0 | $ 742,586 | ($ 43,310) | $ 282,388 | $ 10,337 | ($ 5,442) | $ 57,827 |
| Total Income: | $ 181,991 | $ 377,361 | $ 45,619 | $ 952,264 | $ 146,774 | $ 18,693 | $ 778,646 |
| Paid Benefits: | $ 279,832 | $ 93,859 | $ 82,226 | $ 32 | $ 1,361 | $ 96,180 | $ 12,181 |
| Expenses: | $ 0 | $ 97 | $ 6 | $ 27 | $ 162 | $ 25 | |
| Commission: | $ 10,804 | $ 7,236 | $ 9,440 | $ 6,782 | $ 6,132 | $ 4 | $ 374 |
| Net Income: | ($ 108,645) | $ 128,729 | $ 55,703 | $ 661,622 | $ 604,728 | $ 17,513 | $ 84,516 |
| Net Assets: | $ 1,143,637 | $ 3,508,439 | $ 338,097 | $ 657,783 | $ 370,627 | $ 722,790 | $ 330,851 |
Participants
| 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|
| Total Participants: | 33 | 99 | 34 | 00 | 61 | 99 | 60 |
| Active Part.: | 27 | 19 | 78 | 18 | 13 | 20 | 79 |
| Retired Part.: | 84 | a | b01 | e | 8 | 8 | |
| Deceased Part.: | c | e62 | 3 | 65 | 3 | f40 |
Insurance
No Insurance CoverageProviders
No ProvidersFeatures
2E- Profit-sharing
2J-代码部分401 (k)功能——现金或延期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.
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.
2T- Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.