Germantown Imaging Associates
PO BOX 248
GLADWYNE, PA 19035
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 79% 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.
- 6% of peers have changed carriers since last year.
- Of those who changed carriers, 4.5% decreased their LCM vs those who stayed with their current provider who saw a 6.3% increase.
- Current Carrier's market share is in the 75th percentile at 4% of the market.
Business Stats
Policy History
| Term | Exp. Mod | Carrier | LCM |
|---|---|---|---|
| 2021 |
2.600 (Current: 2.640) |
||
| 2020 |
2.385 | ||
| 2019 |
2.385 | ||
| 2018 |
2.385 | ||
| 2017 |
2.223 | ||
| 2016 |
2.223 | ||
| 2015 |
2.179 | ||
| 2014 |
- | ||
| 2013 |
- | ||
| 2012 |
- | ||
| 2011 |
- | ||
| 2010 |
- | ||
| 2009 |
- | ||
| 2008 |
- | ||
| 2008 08-21-2007 |
- | ||
| 2007 |
- | ||
| 2006 |
- | ||
| 2005 |
- | ||
| 2004 |
- | ||
| 2003 |
- | ||
| 2002 |
- | ||
| 2001 |
- | ||
| 2000 |
- | ||
| 1999 |
- |
Contacts
Industry Classification
Physicians Or Dentists
Offices and Clinics of Medical Doctors
Beauty Parlors and Hair Styling Salons
40102
Blood Banks--Not-For-Profit Only
40101
Blood Banks--Other Than Not-For-Profit
44440
Health Care Facilities--Clinics, Dispensaries or Infirmaries Treating Outpatients Only--No Regular Bed and Board Facilities--Not-For-Profit Only
44439
Health Care Facilities--Clinics, Dispensaries or Infirmaries Treating Outpatients Only--No Regular Bed and Board Facilities--Other Than Not-For-Profit
66561
Medical Offices
Retirement Benefits
Financials
| 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BOY Assets: | $ 143,083 | $ 831,724 | $ 523,824 | $ 763,039 | $ 62,506 | $ 432,764 | $ 653,940 | $ 939,776 | $ 3,528,084 | $ 6,629,557 | $ 3,402,897 |
| Liabilities: | $ 0 | $ 6 | $ 17 | $ 7 | $ 0 | $ 565 | $ 3 | ||||
| EE Contrib: | $ 3,600 | $ 69,671 | $ 6,403 | $ 60,760 | $ 56,349 | $ 80,826 | $ 66,261 | $ 32,404 | $ 91,595 | $ 65,714 | $ 38,193 |
| Emp Contrib: | $ 52,000 | $ 95,039 | $ 28,287 | $ 96,096 | $ 28,915 | $ 51,159 | $ 63,272 | $ 92,229 | $ 95,738 | $ 82,253 | $ 48,039 |
| Income/Loss: | $ 0 | $ 817 | ($ 5,612) | $ 2,700 | $ 6,818 | $ 64,578 | $ 43,519 | $ 87,858 | 36576美元 | $ 29,113 | $ 25,261 |
| Total Income: | $ 55,600 | $ 975,155 | $ 43,468 | $ 502,198 | $ 68,153 | $ 383,460 | $ 257,887 | $ 540,265 | $ 43,004 | $ 3,263 | $ 36,957 |
| Paid Benefits: | $ 0 | $ 78,885 | $ 64,366 | $ 514,634 | $ 49,284 | $ 793,478 | $ 43,902 | $ 80,377 | $ 693,914 | $ 66,936 | $ 707,196 |
| Expenses: | $ 0 | $ 2 | $ 14 | $ 8 | $ 2 | $ 4 | $ 6 | $ 5 | |||
| Commission: | $ 0 | $ 90 | $ 679 | $ 91 | $ 975 | $ 521 | $ 63 | ||||
| Net Income: | $ 55,600 | $ 52,442 | $ 5,302 | ($ 31,075) | $ 43,588 | ($ 653,361) | $ 53,252 | $ 49,567 | ($ 117,958) | ($ 17,412) | ($ 638,624) |
| Net Assets: | $ 198,683 | $ 797,884 | $ 692,622 | $ 489,190 | $ 911,211 | $ 3,467 | $ 675,107 | $ 393,874 | $ 683,681 | $ 1,090,390 | $ 7,951,301 |
Participants
| 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Participants: | 4 | 7 | 6 | 9 | 8 | 3 | 0 | 3 | 1 | 6 | 5 |
| Active Part.: | 4 | 6 | 9 | 9 | 3 | 0 | 6 | 37 | 9 | 5 | 7 |
| Retired Part.: | 333 | 3f | 2aa | f03 | d | 55c | 5 | 9a0 | 1 | f8 | |
| Deceased Part.: | 2c | 6 | 9d | 6 7 | 1fd | 2 | 362 | 7 | 1e | d71 |
Insurance
No Insurance CoverageProviders
No ProvidersFeatures
2A- Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
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- Code section 401(k) feature - A cash or deferred 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.
2R- Participant-directed brokerage accounts provided as an investment option under the plan.
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.