NOBLE TRUSS COLORADO INC

7449 PETERSON RD
SEDALIA, CO 80135

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 56th percentile.
  • In the last year, premium Decreased by 12%. While peers Increased an average of 6%.
Average

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 23rd 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.

  • 4% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 95th percentile at 82.1% of the market.
Good

Business Stats

County
FEIN
Bureau ID
Renewal Mod
PEO
Employees
Sales
OSHA Violations
OSHA Penalty Amount
Drivers
Power Units
Auto Carrier

Policy History

Term Carrier Premium LCM
2024

1.590
2023

1.590
2022

1.590
2021

1.540
2020

0.000
2019

-
2018

-
2018
10-01-2017
-
2017

-
2017
10-01-2016
-
2016

-
2015

-
2014

-
2013

-
2012

-

Contacts

TNWE DTTBVBTMQMEH
Benefits Admin
(763) 306-7212
bido.kwdeyduqhdyz@dnuqjmnylr.unz
Gotu Sjluzpkpkyrs
Owner
(699) 822-0322
hpbva@tkavzvsasu.xmt
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Michael Kronschnabel President
(283) 243-8935
Orlmg.Agofj@euvvx.vvp
VZNHLAJ CEKFWOM
Benefits Admin
(661) 520-9894
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Industry Classification

Industry
Class
 Carpentry--Shop Only & Drivers
Loss Cost
NAICS
 Prefabricated Wood Building Manufacturing
SIC
 Structural Wood Members, Nec
Related GL Codes* 91343
Carpentry--Shop Only
52315
Door or Window Mfg.--Wood
55919
Ladder Mfg.--Wood
Related Class Codes*
Related SIC Codes*

Retirement Benefits

Financials

2022202120202019201820172016201520142013201220112010
BOY Assets: $ 922,866 $ 87,613 $ 363,852 $ 382,206 $ 133,379 $ 343,217 $ 826,243 $ 128,321 $ 426,129 $ 95,965 $ 75,065 $ 87,181 $ 48,891
Liabilities: $ 0 $ 32 $ 1 $ 6 $ 7
EE Contrib: $ 42,380 $ 17,614 $ 26,406 $ 23,453 $ 32,655 $ 35,244 $ 9,466 $ 88,451 $ 70,940 $ 99,405 $ 12,612 $ 10,893 $ 683
Emp Contrib: $ 31,169 $ 63,311 $ 43,965 $ 51,314 $ 72,849 $ 47,112 $ 64,894 $ 3,767 $ 7,142 $ 5,513 $ 7,119 $ 9,483 $ 9,011
Income/Loss:($ 179,145) $ 899,952 $ 606,366 $ 418,592($ 9,932) $ 42,033 $ 49,758($ 6,674) $ 86,427 $ 26,611 $ 5,336($ 9,202) $ 50,888
Total Income:($ 105,596) $ 905,759 $ 196,983 $ 274,285 $ 41,193 $ 95,412 $ 37,432 $ 77,973 $ 85,139 $ 12,357 $ 19,479 $ 29,561 $ 50,909
Paid Benefits: $ 74,220 $ 43 $ 1 $ 9,997 $ 28,422 $ 7 $ 0 $ 67,098 $ 3 $ 990 $ 27,215 $ 79
Expenses: $ 0 $ 625 $ 2 $ 39 $ 0 $ 10,000,000 $ 2 $ 2 $ 13
  Commission: $ 235 $ 211 $ 10 $ 862 $ 21 $ 71 $ 2 $ 910 $ 34
Net Income:($ 180,051) $ 474,591 $ 182,353 $ 675,269 $ 22,670 $ 69,932 $ 33,337 $ 57,834 $ 29,489 $ 39,889 $ 43,100($ 37,770) $ 82,165
Net Assets: $ 742,815 $ 348,650 $ 743,076 $ 572,512 $ 102,161 $ 694,893 $ 993,260 $ 460,799 $ 366,583 $ 72,427 $ 88,239 $ 76,983 $ 20,936

Participants

2022202120202019201820172016201520142013201220112010
Total Participants:21409360391230141990251
Active Part.:1593294074767490e052a3335304
Retired Part.: 89e81840884d74888e1480
Deceased Part.:7bf11980bbd8aa2df1b02688af12

Insurance

No Insurance Coverage

Providers

No Providers

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.

    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.

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