COOPER ALARM SYSTEMS INC
5325 NORTH GATE DR
BETHLEHEM, PA 18017
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 isHigherthan 93% of peers.
- Shopping around for a carrier that would provide a more competative tier would make sense.
- LCMDecreasedby 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.
- 16% of peers have changed carriers since last year.
- Current Carrier's market share is in the 95th percentile at 10% of the market.
Business Stats
Policy History
Term | Exp. Mod | Carrier | LCM |
---|---|---|---|
2022 |
3.151 | ||
2021 |
3.152 | ||
2020 |
2.868 | ||
2019 |
2.658 | ||
2018 |
2.658 | ||
2017 |
2.396 | ||
2016 |
2.396 | ||
2015 |
2.209 | ||
2014 |
- | ||
2013 |
- | ||
2013 04-06-2012 |
- | ||
2012 |
- | ||
2011 |
- | ||
2010 |
- | ||
2009 |
- |
Contacts
Industry Classification
Alarm And Sound System
Electrical Apparatus and Equipment
Alarms and Alarm Systems--Installation, Servicing or Repair
91551
Communication Equipment Installation--Industrial or Commercial
12362
Distributors--No Food or Drink
12391
Electrical Equipment Distributors
18437
Stores--No Food or Drink--Other Than Not-For-Profit
Retirement Benefits
Financials
2021 | 2020 | 2019 | |
---|---|---|---|
BOY Assets: | $ 1,103,780 | $ 497,593 | $ 300,400 |
Liabilities: | $ 0 | $ 611 | |
EE Contrib: | $ 48,514 | $ 35,560 | $ 45,977 |
Emp Contrib: | $ 28,237 | $ 15,790 | $ 77,568 |
Income/Loss: | $ 177,908 | $ 671,276 | $ 317,382 |
Total Income: | $ 254,659 | $ 653,857 | $ 573,379 |
Paid Benefits: | $ 0 | $ 5 | |
Expenses: | $ 0 | $ 9 | $ 3 |
Commission: | $ 205 | $ 154 | $ 946 |
Net Income: | $ 254,454 | $ 942,546 | $ 504,222 |
Net Assets: | $ 1,358,234 | $ 7,212,991 | $ 852,769 |
Participants
2021 | 2020 | 2019 | |
---|---|---|---|
Total Participants: | 11 | 00 | 40 |
Active Part.: | 11 | 03 | 01 |
Retired Part.: | 9 | f8 | |
Deceased Part.: | 39 | 4ad |
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.
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.
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.