RPH Group Inc
2337 RIDGE AVE
PHILADELPHIA, PA 19121
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.
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 56% of peers.
- Shopping around for a carrier that would provide a more competative tier would make sense.
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.
- 6% of peers have changed carriers since last year.
- Current Carrier's market share is in the 99th percentile at 33.3% of the market.
Business Stats
Policy History
| Term | Exp. Mod | Carrier | LCM |
|---|---|---|---|
| 2022 |
1.820 (Current: 1.750) |
||
| 2021 |
1.820 | ||
| 2020 |
1.600 | ||
| 2019 |
1.600 | ||
| 2018 |
1.600 | ||
| 2017 |
1.480 | ||
| 2016 |
1.480 | ||
| 2015 |
1.480 | ||
| 2014 |
- | ||
| 2013 |
- |
Contacts
Industry Classification
Drugstores
Drugstores
12374
Drugstores--No Table or Counter Service for Beverage or Food
45900
Mail Order or Online Drug Stores
Drug Stores and Proprietary Stores
5961
Catalog and Mail-order Houses
Retirement Benefits
Financials
| 2020 | |
|---|---|
| BOY Assets: | $ 0 |
| Liabilities: | $ 0 |
| EE Contrib: | $ 23,880 |
| Emp Contrib: | $ 11,138 |
| Income/Loss: | $ 7,417 |
| Total Income: | $ 42,435 |
| Paid Benefits: | $ 0 |
| Expenses: | $ 0 |
| Commission: | $ 74 |
| Net Income: | $ 42,361 |
| Net Assets: | $ 42,361 |
Participants
| 2020 | |
|---|---|
| Total Participants: | 7 |
| Active Part.: | 7 |
| Retired Part.: | |
| Deceased Part.: |
Insurance
No Insurance CoverageProviders
No ProvidersFeatures
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-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.
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.
2S- Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
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.