PABL LLC
2016 ON THE BEACH DR
PORT ARANSAS, TX 78373
Talking Points
Premium
Worker's Comp premium is based on two key factors - the LCM your carrier has filed to use, and the total payroll you run over the policy term, which is multiplied by the rate to determine premium.Comparing premium to businesses in the same industry and of similar size can indicate how fair your WC insurance provider's costs are relative to the market.
- Premium isVery Good, in the 22nd percentile compared to peers.
- In the last year, premiumDecreasedby more than 75% of 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 isVery Good, in the 29th percentile compared to peers.
- 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.
- 11% of peers have changed carriers since last year. Those who did, saw a 10.7% decrease in premium vs those who stayed with their current provider had a 4.5% decrease, roughly 2x those who stayed with their current provider.
- Current Carrier's market share is in the 95th percentile at 8.2% of the market.
Business Stats
Policy History
| Term | Carrier | Premium | LCM | |
|---|---|---|---|---|
| 2021 |
1.610 | |||
| 2020 |
1.530 | |||
| 2020 |
1.693 | |||
| 2019 |
1.693 | |||
| 2018 |
- | |||
| 2017 |
- |
Contacts
Industry Classification
Hotel--Restaurant Employees
Full-Service Restaurants
Eating Places
Caterers
91547
Commissary Work
11288
熟食店
44431
Health Care Facilities--Homes for the Aged--Other Than Not-For-Profit
45191
Hotels and Motels--with Pools or Beaches--Four Stories or More
45190
Hotels and Motels--with Pools or Beaches--Less Than Four Stories
Retirement Benefits
Financials
| 2020 | 2019 | |
|---|---|---|
| BOY Assets: | $ 0 | |
| Liabilities: | $ 0 | |
| EE Contrib: | $ 15,593 | |
| Emp Contrib: | $ 0 | $ 0 |
| Income/Loss: | $ 1,522 | $ 1 |
| Total Income: | $ 17,115 | $ 713 |
| Paid Benefits: | $ 0 | $ 99 |
| Expenses: | $ 0 | |
| Commission: | $ 42 | $ 117 |
| Net Income: | $ 17,073 | $ 7 |
| Net Assets: | $ 17,073 | $ 8 |
Participants
| 2020 | 2019 | |
|---|---|---|
| Total Participants: | 16 | 8 |
| Active Part.: | 9 | 8 |
| Retired Part.: | 32d | |
| Deceased Part.: | 4 |
Insurance
No Insurance CoverageProviders
No ProvidersFeatures
2E- Profit-sharing
2FERISA section 404 (c)计划——该计划,或任何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.
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.