Children's Literacy Initiative Inc
990 Spring Garden St FL 4
Philadelphia, PA 19123
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 is in-line with peers, in the 41st percentile.
- There was a recent mod decrease.
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 isHigherthan 92% of peers.
- Shopping around for a carrier that would provide a more competative tier would make sense.
- 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.
- 12% of peers have changed carriers since last year.
- Of those who changed carriers, 10.1% decreased their LCM vs those who stayed with their current provider who saw a 2.4% increase, a difference of roughly 4x.
- Current Carrier's market share is in the 99th percentile at 14.5% of the market.
Business Stats
Policy History
| Term | Exp. Mod | Carrier | Premium | LCM |
|---|---|---|---|---|
| 2022 |
3.073 | |||
| 2021 |
2.728 | |||
| 2020 |
2.346 | |||
| 2019 |
2.174 | |||
| 2018 |
2.174 | |||
| 2017 |
2.069 | |||
| 2016 |
2.069 | |||
| 2015 |
1.908 | |||
| 2014 |
- | |||
| 2013 |
- | |||
| 2012 |
- | |||
| 2011 |
- | |||
| 2010 |
- | |||
| 2009 |
- |
Contacts
Industry Classification
Colleges Or School, N.O.C.
Schools and Educational Services
Laboratories--Research, Development or Testing--Not-For-Profit Only
67509
Schools--Colleges, Universities, Junior Colleges or College Preparatory Not-For-Profit Only
67508
Schools--Colleges, Universities, Junior Colleges or College Preparatory Other Than Not-For-Profit
47468
Schools--Correspondence
67513
Schools--Not-For-Profit Only
67512
Schools--Other Than Not-For-Profit
Retirement Benefits
Financials
| 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BOY Assets: | $ 6,583,473 | $ 8,850,001 | $ 7,786,449 | $ 1,503,386 | $ 9,047,139 | $ 7,578,097 | $ 3,246,815 | $ 8,808,903 | $ 4,102,267 | $ 3,961,596 | $ 2,517,620 |
| Liabilities: | $ 0 | $ 3 | $ 7 | $ 3 | $ 7 | $ 6 | |||||
| EE Contrib: | $ 849,992 | $ 1,232 | $ 453,422 | $ 916,165 | $ 216,060 | $ 58,655 | $ 345,368 | $ 798,058 | $ 798,839 | $ 379,158 | $ 193,756 |
| Emp Contrib: | $ 508,137 | $ 960,868 | $ 223,690 | $ 627,748 | $ 389,686 | $ 424,761 | $ 4,687 | $ 355,010 | $ 214,157 | $ 737,402 | $ 506,457 |
| Income/Loss: | $ 744,087 | $ 668,409 | ($ 323,490) | $ 131,579 | $ 692,817 | $ 38,425 | $ 177,800 | $ 495,190 | $ 11,791 | $ 74,821 | $ 243,679 |
| Total Income: | $ 2,138,235 | $ 5,776,930 | $ 503,406 | $ 1,352,434 | $ 607,563 | $ 569,787 | $ 995,622 | $ 899,734 | $ 838,633 | $ 152,510 | $ 474,751 |
| Paid Benefits: | $ 821,536 | $ 671,838 | $ 592,418 | $ 481,609 | $ 78,736 | $ 570,211 | $ 22,171 | $ 831,267 | $ 2,770 | $ 49,776 | $ 15,603 |
| Expenses: | $ 0 | $ 0 | $ 3 | $ 0 | $ 3 | $ 894 | $ 2 | ||||
| Commission: | $ 0 | $ 6 | $ 46 | $ 96 | $ 60 | $ 8 | |||||
| Net Income: | $ 1,316,699 | $ 9,204,522 | $ 27,360 | $ 823,106 | $ 693,149 | $ 663,403 | $ 847,482 | $ 30,314 | $ 239,504 | $ 751,131 | $ 154,673 |
| Net Assets: | $ 7,900,172 | $ 5,953,987 | $ 7,154,051 | $ 5,699,694 | $ 8,581,821 | $ 6,836,386 | $ 522,077 | $ 7,773,834 | $ 9,318,773 | $ 6,359,018 | $ 1,673,341 |
Participants
| 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Participants: | 416 | 006 | 562 | 630 | 356 | 619 | 45 | 81 | 07 | 44 | 58 |
| Active Part.: | 270 | 161 | 879 | 709 | 576 | 109 | 18 | 4 | abe | 9 | 86 |
| Retired Part.: | 55 | 54 | c9 | a7 | e3 | 95 | eb9 | 5f3 | e | ec | |
| Deceased Part.: | 740 | 4a | e8 | e | 8f | f7 | 7e | f0 | 4a0 | 0f9 |
Insurance
| CJAI-EHVJ Renewal:12-31-2020 Covered:414 PENSION_EOY_SEP_ACCT_AMT: 6106704PENSION_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
| SDRO 730 THIRD AVENUE NEW YORK, NY 100173206 |
Recordkeeping and information management (computing, tabulating, data processing, etc.) |
Compensation:$1,688 Relation:RECORD-KEEPER |
Features
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.
2L- Code section 403(b)(1) arrangement.
2M- Code section 403(b)(7) accounts - See Limited Pension Plan Reporting instructions for Code section 403(b)(7) custodial accounts for regulated investment company stock for certain exempt organizations.
Health Benefits
Financials
| 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|
| BOY Assets: | $ 0 | $ 0 | $ 8 | $ 70 | $ 3 | |
| Liabilities: | $ 0 | $ 3 | $ 0 | |||
| EE Contrib: | $ 0 | $ 71 | $ 19 | $ 13 | ||
| Emp Contrib: | $ 0 | $ 159 | $ 7 | |||
| Income/Loss: | $ 0 | $ 4 | $ 11 | $ 0 | ||
| Total Income: | $ 0 | $ 16 | ||||
| Paid Benefits: | $ 0 | $ 3 | $ 55 | $ 98 | $ 14 | |
| Expenses: | $ 0 | $ 1 | ||||
| Commission: | $ 0 | $ 46 | $ 0 | |||
| Net Income: | $ 0 | $ 55 | $ 29 | |||
| Net Assets: | $ 0 | $ 4 | $ 939 | $ 83 | $ 49 |
Participants
| 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|
| Total Participants: | 169 | 409 | 222 | 558 | 366 | 527 |
| Active Part.: | 169 | 583 | 409 | 355 | 314 | 858 |
| Retired Part.: | 8 | b | 6 | 5 | 9 | |
| Deceased Part.: | 4a | 0 | f9f | 8f | 808 |
Insurance
| WKNLXPRIQSNXKMAV PDSZCCLBW EOGYDQA Renewal:12-31-2021 Covered:288
|
Retention:$ 0 Claims:$ 0 Loss Ratio: |
Exp Rated Premium$ 0 Non-Exp Rated Premium:$ 527,707 Commission2.51%$ 13,254 Fees4.69%$ 24,724 |
| Brokers | ||
|---|---|---|
| CTFI U CZB XKQ WTZQ JHEHMCUKT WJEYE DBM EETF, DK 208886160 |
Commission-$1,507 Fees$21,730 Fee for:SERVICE FEE AGREEMENT |
|
| OCDFKS WCI 264 W GRGWKPZFX VIQ CHPUPHAVK, VC 278873578 |
Commission$8,177 Fees$0 |
|
| KPRABXX QOCK OVF 7734 QRRTPM RKSH W VBBX JNZK, ZT 184222064 |
Commission$6,584 Fees$0 |
|
| HPKPLFI GXBA & XY 9318 JHGVHB AWZE T VXJK QIGW, VK 40780 |
Commission$0 Fees$2,994 Fee for:BONUS |
|
| DZJKHQWCVCBIHXRC AXGROZOGX WBTDUQT Renewal:12-31-2021 Covered:156
|
Retention:$ 0 Claims:$ 0 Loss Ratio: |
Exp Rated Premium$ 0 Non-Exp Rated Premium:$ 78,362 Commission1.33%$ 1,045 Fees0%$ 0 |
| Brokers | ||
| FYKYHMZ IJRO IRJ PI. 8760 XBRWVW SLGL K SFVV SDDH, EA 27556 |
Commission$1,045 Fees$0 |
|
| KCUT E NGD 062 L 99RR OS TXY PYPP, PG 99121 |
Commission$0 Fees$0 |
|
| UWHDTA, MMT 614 A PZMUQWPDG HFV GXRFAOXHZ, XQ 690226269 |
Commission$0 Fees$0 |
|
| RCKCBOJXCGL NHFMODHDULM, WVZ. Renewal:12-31-2021 Covered:24
|
Retention:$ 0 Claims:$ 0 Loss Ratio: |
Exp Rated Premium$ 0 Non-Exp Rated Premium:$ 5,012 Commission10%$ 501 Fees0%$ 0 |
| Brokers | ||
| NPFKXX ZNI IRY CNPDGIOEP MWPEAF HBGURMJQK, QZ 89125 |
Commission$501 Fees$0 |
|
Providers
No ProvidersFeatures
4A- Health (other than vision or dental).
4B- Life insurance.
4D- Dental.
4E- Vision.
4F- Temporary disability (accident and sickness).
4G- Prepaid legal.
4H- Long-term disability.
4L- Death benefits (include travel accident but not life insurance).