QUANEX NORTH AMERICAN CABINET COMPONENTS INC
1800 WEST LOOP SOUTH SUITE 1500
HOUSTON, TX 77027
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 is in-line with peers, in the 25th percentile.
- In the last year, premiumIncreasedby 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 0th percentile compared to 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.
- 13% of peers have changed carriers since last year. Those who did, saw a 25.7% decrease in premium vs those who stayed with their current provider had a 16.5% decrease.
- Current Carrier's market share is in the 50th percentile at 5.3% of the market.
OSHA
Most employers with 10 or more employees are required to maintain injury and illness records, known as the 300 log. In the event of an inspection, this information will likely be requested. Even without injury or claim, the proper documentation should be readily available on a location by location basis. These logs are critical but simple to maintain.
- Businesses with serious and/or repeat violations should be provided with risk management practices to eliminate unnecessary risk and minimize what must exist in current processes.
Business Stats
Policy History
| Term | Carrier | Premium | LCM | |
|---|---|---|---|---|
| 2021 |
1.080 (Current: 0.900) |
|||
| 2020 |
1.080 | |||
| 2019 |
1.080 | |||
| 2018 |
1.080 | |||
| 2017 |
1.080 | |||
| 2014 |
- |
Contacts
Industry Classification
Spring Mfg.
Metal Window and Door Manufacturing
Metal Doors, Sash, and Trim
飞机或现raft Parts Mfg.
51220
Appliances and Accessories Mfg.--Commercial--Gas
51221
Appliances and Accessories Mfg.--Commercial--Not Gas
51222
Appliances and Accessories Mfg.--Household--Gas
51224
Appliances and Accessories Mfg.--Household--Not Gas
41666
Clubs--Swimming
Retirement Benefits
Financials
| 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BOY Assets: | $ 0 | $ 62,975,546 | $ 78,093,978 | $ 50,650,060 | $ 96,662,236 | $ 87,726,565 | $ 63,848,595 | $ 77,952,332 | $ 29,862,858 | $ 62,869,939 | $ 57,631,587 |
| Liabilities: | $ 0 | $ 860,284 | $ 20,426 | $ 81,003 | $ 28,890 | $ 18,841 | $ 130,692 | $ 194,984 | $ 111,745 | $ 452,407 | $ 68,557 |
| EE Contrib: | $ 0 | $ 190 | $ 6 | $ 6 | $ 1 | ||||||
| Emp Contrib: | $ 0 | $ 293,444 | $ 263,937 | $ 482,390 | $ 2,060,785 | $ 2,758,089 | $ 9,817,884 | $ 3,111,828 | $ 2,453,367 | $ 2,901,531 | $ 4,540,381 |
| Income/Loss: | $ 0 | $ 4,663,908 | ($ 9,948,924) | $ 5,119,155 | $ 636,102 | ($ 124,289) | ($ 980,244) | $ 5,035,381 | $ 4,666,560 | ($ 160,670) | $ 1,333,387 |
| Total Income: | $ 0 | $ 8,488,121 | ($ 322,227) | $ 7,872,983 | $ 8,705,349 | $ 1,850,225 | $ 2,612,008 | $ 1,086,307 | $ 7,652,199 | $ 7,682,411 | $ 3,090,260 |
| Paid Benefits: | $ 0 | $ 861,618 | $ 2,256,538 | $ 7,437,824 | $ 2,587,748 | $ 4,904,619 | $ 6,345,997 | $ 8,739,245 | $ 4,630,665 | $ 3,400,235 | $ 586,914 |
| Expenses: | $ 0 | $ 1 | $ 10 | $ 0 | $ 3 | $ 5 | $ 5 | ||||
| Commission: | $ 0 | $ 481,394 | $ 696,335 | $ 306,280 | $ 691,408 | $ 834,087 | $ 205,457 | $ 415,065 | $ 73,302 | $ 915,973 | $ 140,649 |
| Net Income: | $ 0 | $ 1,086,602 | ($ 1,302,446) | $ 5,365,363 | $ 6,466,472 | $ 5,585,136 | $ 262,309 | $ 3,829,416 | $ 5,535,717 | $ 3,488,428 | $ 8,379,070 |
| Net Assets: | $ 0 | $ 51,454,731 | $ 84,855,653 | $ 67,718,080 | $ 94,624,113 | $ 49,695,051 | $ 98,790,814 | $ 68,032,621 | $ 6,280,402 | $ 60,444,378 | $ 94,543,847 |
Participants
| 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Participants: | 1690 | 5944 | 0980 | 6550 | 4922 | 4608 | 3989 | 8031 | 6980 | 1269 | 3847 |
| Active Part.: | 1311 | 6079 | 8627 | 9516 | 0074 | 9833 | 4280 | 6069 | 6856 | 5253 | 6516 |
| Retired Part.: | 50 | 52 | 12 | 18 | 57 | 42 | 94 | 94 | 7 | 4 | 8 |
| Deceased Part.: | 25 | 23 | 24 | 31 | 68 | 00 | 60 | 76 | 2 | 4 | 6 |
Insurance
No Insurance CoverageProviders
| BSSSITQ NLDXGX MICAU SNKB |
||
| KODXVY EVSTNP | Actuarial |
Compensation:$343,295 Relation:NONE |
| PCIEHOEGV & QFORB | Accounting (including auditing) |
Compensation:$28,275 Relation:NONE |
| EKXX LRRSIH UMVSZQQDOZ | Consulting (pension) |
Compensation:$17,883 Relation:NONE |
| MMPMNYM ZCYEQE | Custodial (securities) |
Compensation:$13,266 Relation:NONE |
| DULKTHD KRBOVN & XM., SVO. Source: BARON CAPITAL GROUP |
Sub-transfer agency fees |
Compensation:0.00 -0.02% OF AVERAGE DAILY BALANCE OF ASSETS |
| PZFFLCU UHJIMZ & DQ., QKJ. Source: VICTORY |
Sub-transfer agency fees |
Compensation:0.00 -0.02% OF AVERAGE DAILY BALANCE OF ASSETS |
| WPNOUGM KGRXML & CN., IFF. Source: VICTORY CAPITAL |
Sub-transfer agency fees |
Compensation:0.00 -0.02% OF AVERAGE DAILY BALANCE OF ASSETS |
| JFIGPBS KNBCTB & KL., AHI. Source: DODGE & COX |
Sub-transfer agency fees |
Compensation:0.00 -0.02% OF AVERAGE DAILY BALANCE OF ASSETS |
Features
1A- Benefits are primarily pay related
1C- Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
3H- Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).
Health Benefits
Financials
| 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|
| BOY Assets: | $ 0 | $ 4 | $ 2 | $ 43 | $ 0 | |||||
| Liabilities: | $ 0 | $ 0 | $ 0 | $ 99 | $ 3 | $ 23 | ||||
| EE Contrib: | $ 0 | $ 67 | $ 2 | $ 0 | $ 7 | $ 17 | ||||
| Emp Contrib: | $ 0 | $ 6 | $ 6 | $ 4 | $ 8 | $ 97 | $ 2 | |||
| Income/Loss: | $ 0 | $ 7 | $ 348 | $ 8 | $ 77 | $ 4 | ||||
| Total Income: | $ 0 | $ 9 | $ 4 | $ 477 | $ 9 | $ 574 | $ 46 | $ 39 | ||
| Paid Benefits: | $ 0 | $ 0 | $ 0 | $ 73 | $ 25 | $ 2 | $ 7 | $ 158 | ||
| Expenses: | $ 0 | $ 279 | $ 222 | $ 8 | $ 5 | $ 0 | $ 22 | $ 70 | $ 71 | $ 1 |
| Commission: | $ 0 | $ 2 | $ 80 | $ 5 | $ 195 | $ 20 | $ 4 | $ 592 | ||
| Net Income: | $ 0 | $ 14 | $ 285 | $ 53 | ||||||
| Net Assets: | $ 0 | $ 373 | $ 33 | $ 60 | $ 83 | $ 2 | $ 3 |
Participants
| 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Participants: | 2966 | 5200 | 9903 | 1838 | 3389 | 6209 | 6987 | 7381 | 6506 | 1163 |
| Active Part.: | 2939 | 3604 | 0575 | 7354 | 1830 | 1053 | 0362 | 7770 | 9693 | 8985 |
| Retired Part.: | 27 | 65 | 64 | 19 | 10 | 08 | 72 | 00 | 0 | ca |
| Deceased Part.: | 99 | b4 | 55f | 8 | 7 | a7 | 9 | 60 | 58 |
Insurance
| CKIQICT RLNV ZOHSVVBTT FTWTAAW DI YQTGTX Renewal:12-31-2020 Covered:2939
|
Retention:$ 0 Claims:$ 0 Loss Ratio: |
Exp Rated Premium$ 0 Non-Exp Rated Premium:$ 644,588 Commission4.98%$ 32,129 Fees0%$ 0 |
| Brokers | ||
|---|---|---|
| IIOEXRBP EGSLYACMEY FSXUMPEPF NLH Y 04053 KMHZZQ KVICYDJF IBBKYKCV, NS 78816 |
Commission$32,129 Fees$0 |
|
| ZKVAZPRS GNCZENUDHH Renewal:12-31-2020 Covered:3338
|
Retention:$ 0 Claims:$ 0 Loss Ratio: |
Exp Rated Premium$ 0 Non-Exp Rated Premium:$ 61,619 Commission0%$ 0 Fees0%$ 0 |
| Brokers | ||
| WPLVLXLN XYKAPTTCQPQ 408 AZBJIXY AUBI QSSBSO, DU 88794 |
Commission$0 Fees$0 |
|
| CLLLBEMF SNDBTKLB ATPI SIWXBNELJ WOOXQZN Renewal:12-31-2020 Covered:2897
|
Retention:$ 0 Claims:$ 0 Loss Ratio: |
Exp Rated Premium$ 0 Non-Exp Rated Premium:$ 435,307 Commission5%$ 21,765 Fees0%$ 0 |
| Brokers | ||
| FNKTWJXP ZVDEAMVFRF RYUDYFMRN QCS S 92154 ZJHWSV RSCSYXNS JIWQCPPM, EV 74168 |
Commission$21,765 Fees$0 |
|
| BBDAZ ARIYLXDQ POYQHXAR ISQJ NIEYHHHIF YPPWTXT Renewal:12-31-2020 Covered:2
|
Retention:$ 0 Claims:$ 0 Loss Ratio: |
Exp Rated Premium$ 0 Non-Exp Rated Premium:$ 283 Commission0%$ 0 Fees0%$ 0 |
| Brokers | ||
| NQCTASLK POXPYVOJMP UIKNMYSGY CTA O 30497 LJVKKO LDNREPZT UNGXNSXI, KU 30937 |
Commission$0 Fees$0 |
|
| QTTYTBG AOTB GKDTSZPBQ GQCCLNU Renewal:12-31-2020 Covered:2351
|
Retention:$ 0 Claims:$ 0 Loss Ratio: |
Exp Rated Premium$ 0 Non-Exp Rated Premium:$ 1,503,645 Commission0%$ 0 Fees6.52%$ 98,082 |
| Brokers | ||
| LBNTOEV YTLVHTU BAJATEFSQ FZS 60346 BREGV QEBJ QR BUMDMBPKRE, XF 79409 |
Commission$0 Fees$76,895 Fee for:GROUP PROFIT MARKETING SUPPORT FEE |
|
| IVKIXOP VUCHWVK DCSJMMTLE YWB 52336 YBWOP DCMX XV APXKAAJXTP, QY 26680 |
Commission$0 Fees$21,187 Fee for:STOP LOSS COLLABORATIVE BONUS |
|
Providers
No ProvidersFeatures
4A- Health (other than vision or dental).
4B- Life insurance.
4D- Dental.
4F- Temporary disability (accident and sickness).
4H- Long-term disability.
4L- Death benefits (include travel accident but not life insurance).
4Q- Other.