METL FAB INC

14708 CUSTER RD STE 102
OMAHA, NE 68138

Talking Points

For the Agent

These are points that might help guide an agent as they look to approach a prospect.

  • A break in policy terms may indicate inconsistent work load which can result in substandard employment.
Needs Attention

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 is Higher than 69% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
Needs Attention

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.

  • 14% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 75th percentile at 4.3% of the market.
Average

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.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2023

-
2023

1.790
2023

1.700
2023

1.544
2023

-
2023

-
2023

1.440
2023

-
2023

1.650
2023

1.380
2023

1.575
2023

-
2023

1.512
2022

1.700
2022

-
2022

1.790
2022

1.120
2022

-
2022

-
2022

-
2022

1.380
2022

-
2022

1.512
2022
08-25-2021

1.440
2022
08-25-2021

1.500
2022
08-25-2021

1.575
2021

1.650
2021

-
2021

1.630
2021

1.120
2021

-
2021

-
2021

1.440
2021

1.500
2021

1.380
2021

1.575
2021

1.575
2021

-
2021

1.390
2021

1.390
2021
02-16-2020

1.380
2021
02-16-2021

-
2020

1.650
2020

-
2020

-
2020

1.630
2020

1.630
2020

1.120
2020

1.120
2020

-
2020

1.440
2020

1.440
2020

-
2020

1.480
2020

1.380
2020

1.500
2020

1.500
2020

-
2020

1.390
2020

1.390
2020

-
2020
02-16-2019

1.380
2020
02-16-2020

-
2019

1.650
2019

-
2019

1.440
2019

-
2019

1.390
2019
02-16-2019

1.120
2019
02-16-2019

1.500
2019
02-16-2019

1.380
2019
02-16-2019

1.500
2018

1.120
2018

-
2018

1.600
2018

-
2018

-
2018

-
2018

1.481
2018

1.336
2018

1.704
2018

1.510
2018

-
2018
07-01-2017

1.965
2018
07-01-2017

-
2018
07-01-2017

-
2018
07-01-2017

1.565
2018
07-01-2017

1.875
2018
08-10-2017

-
2017

1.965
2017

-
2017

-
2017

-
2017

-
2017

-
2017

1.481
2017

1.336
2017

1.730
2017

-
2017
07-01-2017

1.572
2016

-
2016

-
2016

-
2016

1.601
2016

1.444
2016

2.019
2016

-
2016
07-01-2016

-
2016
07-01-2016

1.699
2015

-
2015

-
2015

1.721
2015

2.322
2015

-
2015
07-01-2015

-
2015
07-01-2015

-
2014

-
2014

-
2014

-
2014

-
2014
07-01-2014

-
2014
07-01-2014

-
2013

-
2013

-
2013
07-01-2013

-
2012

-
2012
08-01-2012

-
2011

-
2011
08-01-2010

-
2010

-
2009

-

Contacts

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(366) 029-3271
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President
(863) 069-9615
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Respnsible Managing Officer/Chief Executive Officer/President
(580) 331-5057
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President
(452) 424-9042
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President
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Industry Classification

Retirement Benefits

Financials

202220212020
BOY Assets: $ 330,906 $ 134,105
Liabilities: $ 0 $ 85
EE Contrib: $ 27,783 $ 60,688 $ 88,302
Emp Contrib: $ 7,310 $ 47,497 $ 84,803
Income/Loss:($ 20,593) $ 70,964 $ 76,565
Total Income: $ 14,500 $ 430,236 $ 387,897
Paid Benefits: $ 0 $ 42
Expenses: $ 0 $ 53
  Commission: $ 1,026 $ 9,504 $ 920
Net Income: $ 13,474 $ 189,534 $ 876,476
Net Assets: $ 0 $ 843,923 $ 936,247

Participants

202220212020
Total Participants:6145
Active Part.:0381
Retired Part.:078f4
Deceased Part.:8888

Insurance

No Insurance Coverage

Providers

No Providers

Features

    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

    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.

    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.

    2T - Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.


OSHA