Subpart V costs 2017 9-27-17

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Overview

Totals
508(h) wo CP
508(h) w CP
CP
IBWIP
NRS

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Sheet 1: Totals

Totals for Submissions WITHOUT Concept Proposal/Paperwork Package
Costs	One Product	10 Products
Total Private	$137,949.70	$1,379,497.00
Total RMA	$106,631.49	$1,066,314.91
Total External Review	$150,000.00	$1,500,000.00
Totals for Submissions WITH Concept Proposal/Paperwork Package
Costs	One Product	3 Products
Total Private	$137,841.18	$413,523.54
Total RMA	$106,631.49	$319,894.47
Total External Review	$150,000.00	$450,000.00
Totals for Concept Proposals/Paperwork Package
Costs	One Product	5 Products
Total Private	$1,352.42	$6,762.10
Total RMA	$45.23	$226.15
Total External Review	$30,000.00	$150,000.00
Totals for Index-Based Weather Insurance Products/Paperwork Package
Costs	One Product	1 Products
Total Private	$10,220.86	$10,220.86
Total RMA	$53,571.56	$53,571.56
Total External Review	$150,000.00	$150,000.00
Totals for Non-Reinsured Supplementals/Paperwork Package
Costs	One Product	30 Products
Total Private	$36.29	$133.04
Total RMA	$67.85	$2,035.35
Overall Total Private	$1,810,136.54
Overall Total RMA & External Review	$3,692,042.44

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Sheet 2: 508(h) wo CP

Costs for Submission of 508(h) Products WITHOUT Concept Proposal
Total Submissions WITHOUT Concept Proposal/Paperwork Package =					10
Costs		One Product	10 Products
Total Private		$137,949.70	$1,379,497.00
Total RMA		$106,631.49	$1,066,314.91
Total External Review		$150,000.00	$1,500,000.00
Total for 3 Years			$3,945,811.91
Private occupations	mean hr wage	read hours	wage*hrs	first time hours	wage*hrs	modification hours	wage*hrs	correspon hours	wage*hrs	prep hours	wage*hrs	respond hours	wage*hrs	negotiate hours	wage*hrs	maintenance hours	wage*hrs
11-2020 Market managers	$66.52	2	$133.04	40	$2,660.80		$0.00		$0.00	5	$332.60		$0.00		$0.00		$0.00
11-3021 Computer and information systems manager	$70.07		$0.00	40	$2,802.80		$0.00		$0.00	5	$350.35	40	$2,802.80		$0.00	10	$700.70
11-3031 Financial manager	$67.17		$0.00	10	$671.70		$0.00		$0.00		$0.00	10	$671.70		$0.00		$0.00
27-3042 Technical writer	$35.18		$0.00	250	$8,795.00	150	$5,277.00		$0.00		$0.00	200	$7,036.00		$0.00		$0.00
13-2011 Accountant	$36.89		$0.00	40	$1,475.60	10	$368.90		$0.00		$0.00	20	$737.80		$0.00		$0.00
19-3011 Economist	$54.26	2	$108.52	200	$10,852.00	150	$8,139.00		$0.00	10	$542.60	160	$8,681.60		$0.00	45	$2,441.70
15-1131 Computer programmer	$40.95		$0.00	200	$8,190.00	200	$8,190.00		$0.00		$0.00	100	$4,095.00		$0.00	50	$2,047.50
13-2053 Underwriter	$36.29	2	$72.58	150	$5,443.50	150	$5,443.50		$0.00		$0.00	100	$3,629.00		$0.00	30	$1,088.70
23-2011 Paralegal	$25.57		$0.00	40	$1,022.80		$0.00	5	$127.85		$0.00	50	$1,278.50	5	$127.85		$0.00
13-1161 Market research	$33.95		$0.00	100	$3,395.00		$0.00		$0.00		$0.00		$0.00		$0.00		$0.00
15-2041 Statistician	$40.94		$0.00	200	$8,188.00	200	$8,188.00		$0.00		$0.00	150	$6,141.00		$0.00	45	$1,842.30
43-9061 Office Clerk, General	$15.87		$0.00	110	$1,745.70	80	$1,269.60	3	$47.61	15	$238.05	20	$317.40	5	$79.35	10	$158.70
Totals		6	$314.14	1380	$55,242.90	940	$36,876.00	8	$175.46	35	$1,463.60	850	$35,390.80	10	$207.20	190	$8,279.60
Federal occupations	rate @ step 4	first time # emp	hours	Total Hrs	cost	modification # emp	hours	Total Hrs	cost	procedur # emp	hours	Total Hrs	cost
Directors - Grade 15	$62.87	3	25	75	$4,715.25	3	25	75	$4,715.25	3	25	75	$4,715.25
Economist - Grade 13	$45.23	2	40	80	$3,618.40	2	40	80	$3,618.40	2	40	80	$3,618.40
Insurance specialist - Grade 13	$45.23	8	40	320	$14,473.60	8	40	320	$14,473.60	8	40	320	$14,473.60
Branch chief - Grade 14	$53.45	1	20	20	$1,069.00	1	20	20	$1,069.00	1	20	20	$1,069.00
Underwriter - Grade 15	$62.87	1	25	25	$1,571.75	1	25	25	$1,571.75	1	25	25	$1,571.75
Actuary - SL/ST System	$74.86	1	25	25	$1,871.43	1	25	25	$1,871.43	1	25	25	$1,871.43
Lawyer - Step 14	$53.45	1	40	40	$2,138.00	1	40	40	$2,138.00	1	40	40	$2,138.00
Computer programmer - Grade 12	$38.04	2	80	160	$6,086.40	2	80	160	$6,086.40	2	80	160	$6,086.40
Totals		19		745	$35,543.83	19		745	$35,543.83	19		745	$35,543.83
External Reviewers	$150,000/review
	Total hrs/yr	hrs x 10 products	Total $/product	$ x 10 products
Private occupations	3419	34190	$137,949.70	$1,379,497.00
Federal occupations	2235	22350	$106,631.49	$1,066,314.91
External Reviewers			$150,000.00	$1,500,000.00
Total				$3,945,811.91
http://www.bls.gov/oes/current/oes_nat.htm
https://www.opm.gov/policy-data-oversight/pay-leave/salaries-wages/salary-tables/pdf/2017/RUS_h.pdf
https://www.opm.gov/policy-data-oversight/pay-leave/salaries-wages/salary-tables/pdf/2017/SLST.pdf

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Sheet 3: 508(h) w CP

Costs for Submission of 508(h) Products WITH Concept Proposal
Total Submissions WITHOUT Concept Proposal/Paperwork Package =					3
Costs		One Product	3 Products
Total Private		$137,841.18	$413,523.54
Total RMA		$106,631.49	$319,894.47
Total External Review		$150,000.00	$450,000.00
Total for 3 Years			$1,183,418.01
Private occupations	mean hr wage	read hours	wage*hrs	first time hours	wage*hrs	modification hours	wage*hrs	correspon hours	wage*hrs	prep hours	wage*hrs	respond hours	wage*hrs	negotiate hours	wage*hrs	maintenance hours	wage*hrs
11-2020 Market managers	$66.52	2	$133.04	40	$2,660.80		$0.00		$0.00	5	$332.60		$0.00		$0.00		$0.00
11-3021 Computer and information systems manager	$70.07		$0.00	40	$2,802.80		$0.00		$0.00	5	$350.35	40	$2,802.80		$0.00	10	$700.70
11-3031 Financial manager	$67.17		$0.00	10	$671.70		$0.00		$0.00		$0.00	10	$671.70		$0.00		$0.00
27-3042 Technical writer	$35.18		$0.00	250	$8,795.00	150	$5,277.00		$0.00		$0.00	200	$7,036.00		$0.00		$0.00
13-2011 Accountant	$36.89		$0.00	40	$1,475.60	10	$368.90		$0.00		$0.00	20	$737.80		$0.00		$0.00
19-3011 Economist	$54.26		$0.00	200	$10,852.00	150	$8,139.00		$0.00	10	$542.60	160	$8,681.60		$0.00	45	$2,441.70
15-1131 Computer programmer	$40.95		$0.00	200	$8,190.00	200	$8,190.00		$0.00		$0.00	100	$4,095.00		$0.00	50	$2,047.50
13-2053 Underwriter	$36.29	2	$72.58	150	$5,443.50	150	$5,443.50		$0.00		$0.00	100	$3,629.00		$0.00	30	$1,088.70
23-2011 Paralegal	$25.57		$0.00	40	$1,022.80		$0.00	5	$127.85		$0.00	50	$1,278.50	5	$127.85		$0.00
13-1161 Market research	$33.95		$0.00	100	$3,395.00		$0.00		$0.00		$0.00		$0.00		$0.00		$0.00
15-2041 Statistician	$40.94		$0.00	200	$8,188.00	200	$8,188.00		$0.00		$0.00	150	$6,141.00		$0.00	45	$1,842.30
43-9061 Office Clerk, General	$15.87		$0.00	110	$1,745.70	80	$1,269.60	3	$47.61	15	$238.05	20	$317.40	5	$79.35	10	$158.70
Totals		4	$205.62	1380	$55,242.90	940	$36,876.00	8	$175.46	35	$1,463.60	850	$35,390.80	10	$207.20	190	$8,279.60
Federal occupations	rate @ step 4	first time # emp	hours	Total Hrs	cost	modification # emp	hours	Total Hrs	cost	procedur # emp	hours	Total Hrs	cost
Directors - Grade 15	$62.87	3	25	75	$4,715.25	3	25	75	$4,715.25	3	25	75	$4,715.25
Economist - Grade 13	$45.23	2	40	80	$3,618.40	2	40	80	$3,618.40	2	40	80	$3,618.40
Insurance specialist - Grade 13	$45.23	8	40	320	$14,473.60	8	40	320	$14,473.60	8	40	320	$14,473.60
Branch chief - Grade 14	$53.45	1	20	20	$1,069.00	1	20	20	$1,069.00	1	20	20	$1,069.00
Underwriter - Grade 15	$62.87	1	25	25	$1,571.75	1	25	25	$1,571.75	1	25	25	$1,571.75
Actuary - SL/ST System	$74.86	1	25	25	$1,871.43	1	25	25	$1,871.43	1	25	25	$1,871.43
Lawyer - Step 14	$53.45	1	40	40	$2,138.00	1	40	40	$2,138.00	1	40	40	$2,138.00
Computer programmer - Grade 12	$38.04	2	80	160	$6,086.40	2	80	160	$6,086.40	2	80	160	$6,086.40
Totals		19		745	$35,543.83	19		745	$35,543.83	19		745	$35,543.83
External Reviewers	$150,000/review
	Total hrs/yr	hrs x 3 products	Total $/product	$ x 3 products
Private occupations	3417	10251	$137,841.18	$413,523.54
Federal occupations	2235	6705	$106,631.49	$319,894.47
External Reviewers			$150,000.00	$450,000.00
Total				$1,183,418.01

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Sheet 4: CP

Costs for Concept Proposal
Total Concept Proposals/Paperwork Package =			5
Costs	One Product	5 Products
Total Private	$1,352.42	$6,762.10
Total RMA	$45.23	$226.15
Total External Review	$30,000.00	$150,000.00
Total for 3 years		$156,988.25
Private occupations	mean hr wage	read hours	wage*hrs	prep hours	wage*hrs
19-3011 Economist	$54.26	2	$108.52	20	$1,085.20
43-9061 Office Clerk, General	$15.87		$0.00	10	$158.70
Totals		2	$108.52	30	$1,243.90
Federal occupations	rate @ step 4	Review for completeness - # emp	hours	Total Hrs	cost
Economist - Grade 13	$45.23	1	1	1	$45.23
Totals		1		1	$45.23
External Reviewers	$30,000/review
	Total hrs/yr	hrs x 5 products	Total $/product	$ x 5 products
Private occupations	32	160	$1,352.42	$6,762.10
Federal occupations	1	5	$45.23	$226.15
External Reviewers			$30,000.00	$150,000.00
Total				$156,988.25

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Sheet 5: IBWIP

Costs for Submission of Index-Based Weather Insurance Products
Total Submission of Index-Based Weather Insurance Products =					1
Costs		One Product	1 Products
Total Private		$10,220.86	$10,220.86
Total RMA		$53,571.56	$53,571.56
Total External Review		$150,000.00	$150,000.00
Total for 3 Years			$213,792.42
Private occupations	mean hr wage	read hours	wage*hrs	first time hours	wage*hrs	correspon hours	wage*hrs	prep hours	wage*hrs	respond hours	wage*hrs	negotiate hours	wage*hrs
11-2020 Market managers	$66.52	2	$133.04	40	$2,660.80	4	$266.08	5	$332.60	10	$665.20	5	$332.60
13-2053 Underwriter	$36.29	2	$72.58	40	$1,451.60		$0.00		$0.00		$0.00		$0.00
13-1161 Market research	$33.95		$0.00	30	$1,018.50		$0.00		$0.00	20	$679.00		$0.00
15-2041 Statistician	$20.94		$0.00	20	$418.80		$0.00		$0.00		$0.00		$0.00
43-9061 Office Clerk, General	$15.87		$0.00	110	$1,745.70	3	$47.61	15	$238.05	5	$79.35	5	$79.35
Totals		4	$205.62	240	$7,295.40	7	$313.69	20	$570.65	35	$1,423.55	10	$411.95
Federal occupations	rate @ step 4	first time # emp	hours	Total Hrs	cost	modification # emp	hours	Total Hrs	cost	procedur # emp	hours	Total Hrs	cost
Directors - Grade 15	$62.87	3	6	18	$1,131.66	3	25	75	$4,715.25	3	25	75	$4,715.25
Economist - Grade 13	$45.23	1	40	40	$1,809.20	2	40	80	$3,618.40	2	40	80	$3,618.40
Insurance specialist - Grade 13	$45.23	1	40	40	$1,809.20	8	40	320	$14,473.60	8	40	320	$14,473.60
Branch chief - Grade 14	$53.45	1	20	20	$1,069.00	1	20	20	$1,069.00	1	20	20	$1,069.00
Totals		6		118	$5,819.06	14		495	$23,876.25	14		495	$23,876.25
External Reviewers	$150,000/review
	Total hrs/yr	hrs x 1 products	Total $/product	$ x 1 products
Private occupations	316	316	$10,220.86	$10,220.86
Federal occupations	1108	1108	$53,571.56	$53,571.56
External Reviewers			$150,000.00	$150,000.00
Total				$213,792.42

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Sheet 6: NRS

Costs for Submission of Non-Reinsured Supplementals
Total Submission of Non-Reinsured Supplementals =					30
Costs		One Product	30 Products
Total Private		$36.29	$1,088.70
Total RMA		$67.85	$2,035.35
Total for 3 Years			$3,124.05
Private occupations	mean hr wage	read hours	wage*hrs	Prepare submission	wage*hrs
13-2053 Underwriter	$36.29	0.5	$18.15	0.5	$18.15
Totals		0.5	$18.15	0.5	$18.15
Federal occupations	rate @ step 4	first time # emp	hours	Total Hrs	cost
Insurance specialist - Grade 13	$45.23	1	1.5	1.5	$67.85
Totals		1		1.5	$67.85
	Total hrs/yr	hrs x 30 products	Total $/product	$ x 30 products
Private occupations	1	30	$36.29	$1,088.70
Federal occupations	1.5	45	$67.85	$2,035.35
Total				$3,124.05