MILLENNIUM TRUST CO LLC

2001 SPRING RD STE 700
OAK BROOK, IL 60523

Talking Points

For the Agent

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

  • Premium increased after the policy was bound. Did payroll jump for some reason or was a credit removed?
Needs Attention

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 Higher than 98% of peers.
  • In the last year, premium Increased by 2%. While peers Increased an average of 9%.
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 Very Good, in the 20th percentile compared to peers.
Good

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.

  • 12% of peers have changed carriers since last year. Those who did, saw a 5.3% decrease in premium vs those who stayed with their current provider had a 10.5% increase.
  • Current Carrier's market share is in the 99th percentile at 12.2% of the market.
Good

Business Stats

Policy History

Term Carrier Premium LCM
2023

1.430
2023

1.406
2022

1.350
2022

1.260
2022

1.360
2022

1.092
2022

1.320
2022

1.739
2022

-
2022

1.120
2022

1.480
2022

1.276
2022

1.275
2022

1.172
2022

1.004
2022

1.122
2022

1.558
2022

1.308
2022

1.295
2022

1.275
2022

-
2021

1.350
2021

1.213
2021

1.238
2021

1.320
2021

-
2021

1.092
2021

1.500
2021

1.275
2021

1.500
2021

1.138
2021

1.295
2021

1.275
2020

-
2020

1.073
2020

0.850
2020

-
2020

-
2020

1.300
2020

0.892
2020

1.110
2020

1.000
2020

0.985
2019

-
2019

1.073
2019

0.850
2019

-
2019

0.892
2019

1.110
2019

-
2019

0.985
2018

-
2018

-
2018

-
2018

1.125
2018

-
2018

-
2018

-
2018

-
2018

1.125
2018

1.110
2018

0.892
2018

1.073
2018

1.110
2018

-
2017

-
2017

-
2017

-
2017

1.125
2016

-
2016
05-31-2016

-
2015

-
2015

-
2014

-
2014

-
2014
05-31-2014

-
2013

-
2012

-
2011

-
2011

-
2010
03-07-2009

-

Contacts

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Benefits Admin
(920) 522-7738
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Benefits Admin
(092) 239-6953
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Benefits Admin
(508) 793-0742
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Benefits Admin
(296) 693-7829
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Benefits Admin
(221) 360-5944
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Benefits Admin
(467) 472-5766
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(660) 998-0741
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Officer
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Chief Executive Officer
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Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 24,235,915 $ 28,696,530 $ 72,365,435 $ 9,664,363 $ 5,003,268 $ 3,876,082 $ 2,060,820 $ 1,949,651 $ 3,078,526 $ 7,101,095 $ 8,796,465 $ 710,000
Liabilities: $ 0 $ 2 $ 3 $ 0 $ 297
EE Contrib: $ 2,937,680 $ 7,575,899 $ 9,955,364 $ 1,142,755 $ 9,611,825 $ 597,652 $ 617,374 $ 726,952 $ 842,498 $ 681,880 $ 224,384 $ 3,744
Emp Contrib: $ 935,500 $ 984,863 $ 209,981 $ 663,408 $ 37,785 $ 571,738 $ 879,393 $ 327,555 $ 17,321 $ 68,150 $ 83,516 $ 76,843
Income/Loss: $ 1,804,528 $ 9,704,586 $ 6,542,605($ 747,079) $ 641,147 $ 63,790 $ 82,177($ 59,968) $ 102,596 $ 28,146($ 149,954) $ 931,126
Total Income: $ 6,480,937 $ 4,076,745 $ 6,334,858 $ 8,938,688 $ 7,027,002 $ 9,759,192 $ 387,752 $ 1,823,323 $ 4,005,176 $ 828,459 $ 126,368 $ 963,695
Paid Benefits: $ 2,007,067 $ 3,905,551 $ 238,013 $ 745,822 $ 639,620 $ 310,149 $ 53,342 $ 39,774 $ 82,890 $ 814,993 $ 887,888 $ 10,993
Expenses: $ 0 $ 94 $ 6 $ 5 $ 431 $ 21 $ 3
  Commission: $ 94,781 $ 38,789 $ 65,790 $ 92,384 $ 79,854 $ 3 $ 7 $ 4 $ 0
Net Income: $ 4,286,458 $ 2,907,415 $ 7,838,724 $ 646,377 $ 6,485,652 $ 8,789,920 $ 583,723 $ 5,639,281 $ 9,814,918 $ 905,418 $ 335,985 $ 370,462
Net Assets: $ 28,522,373 $ 88,610,357 $ 96,942,403 $ 18,290,460 $ 1,914,928 $ 4,421,224 $ 4,057,240 $ 9,629,683 $ 2,053,852 $ 7,527,787 $ 4,887,872 $ 4,929,601

Participants

202120202019201820172016201520142013201220112010
Total Participants:482507957425698662076739592421103072
Active Part.:3984361056563608970306971898618847
Retired Part.:169affbc5ce3f4efdb8
Deceased Part.:218db22722 7ccc260

Insurance

No Insurance Coverage

Providers

EDQELZXB WJYGACTALBD UCIIWLHVHZKPB
RBTGJFIK EHHBRVLZVZR ZOCQMOAWHJTJLParticipant loan processing
Sub-transfer agency fees
Recordkeeping fees
Account maintenance fees
Compensation:$77,781
Relation:RECORDKEEPER
KTAAOGEN CNSXTSOYCHF MVOInvestment advisory (plan)
Compensation:$17,000
Relation:ADVISOR
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Source: JENSEN QUALITY GROWTH FD CL J
Sub-transfer agency fees
Compensation:0.40%

Features

    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.

    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.

    3B - Plan covering Self-Employed individuals.

    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.

Health Benefits

Financials

20212020201920182017201620152014201320122011
BOY Assets: $ 0 $ 48 $ 3 $ 8 $ 7 $ 43 $ 0 $ 1 $ 133 $ 45 $ 0
Liabilities: $ 0 $ 2 $ 6
EE Contrib: $ 0 $ 44 $ 0 $ 1 $ 4
Emp Contrib: $ 0 $ 12 $ 612 $ 71 $ 1 $ 817 $ 884 $ 8
Income/Loss: $ 0 $ 513 $ 1 $ 1 $ 4 $ 7 $ 2
Total Income: $ 0 $ 6 $ 83 $ 4 $ 82 $ 31 $ 283 $ 8 $ 4
Paid Benefits: $ 0 $ 7 $ 88 $ 0 $ 0 $ 9 $ 74 $ 2
Expenses: $ 0 $ 173 $ 1 $ 444 $ 95 $ 6 $ 7 $ 463 $ 7 $ 530 $ 0
  Commission: $ 0 $ 4 $ 57 $ 9 $ 8 $ 0 $ 3
Net Income: $ 0 $ 0 $ 7 $ 2 $ 6 $ 7
Net Assets: $ 0 $ 3 $ 85 $ 5 $ 45 $ 3 $ 8 $ 7 $ 3

Participants

20212020201920182017201620152014201320122011
Total Participants:270301618643540010907933639087336
Active Part.:270444971669025812520052319037322
Retired Part.:3d5e59199fcfcdf959ea59
Deceased Part.:117bbcb29cc1b27adcc1

Insurance

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Renewal:12-31-2021
Covered:635
  1. Vision

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 29,605
Commission10.75% $ 3,183
Fees0% $ 0
Brokers
OEEGWEFNS NPFGEBFYMD EH SEYIHZAJ
Renewal:12-31-2021
Covered:605
  1. Health
  2. Prescription Drug
  3. HMO Contract
  4. PPO Contract

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 3,727,620
Commission1.9% $ 70,851
Fees0.11% $ 4,032
Brokers
PBO SLTM OIEAFWWCW CQYUDCM YI NBESOT
Renewal:12-31-2021
Covered:407
  1. Dental
  2. Life Insurance
  3. Temp. Disability Insurance
  4. Long Term Disab. Ins
  5. Indemnity Contract
  6. ACCIDENTAL DEATH AND DISMEMBERMENT

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 395,876
Commission2.44% $ 9,672
Fees1.89% $ 7,481
Brokers

Providers

No Providers

Features

    4A - Health (other than vision or dental).

    4B - Life insurance.

    4D - Dental.

    4E - Vision.

    4F - Temporary disability (accident and sickness).

    4H - Long-term disability.

    4L - Death benefits (include travel accident but not life insurance).