Community Bank Delaware

PO Box 742
Lewes, DE 19958

Talking Points

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 28th 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.

  • 19% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 1st percentile at 6.3% of the market.
Needs Attention

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2023

1.710
2022

1.710
2021

1.710
2020

1.540
2020
03-17-2019

1.540
2019

1.590
2018

1.590
2017

1.565
2016

1.589
2015

1.550
2014

-
2013

-
2012

-
2011

-
2010

-
2009

-

Contacts

ZSMLCAN USSTKQ
Benefits Admin
(052) 582-2041
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SP. EAFR XKMSBT
Benefits Admin
(921) 770-2616
2544

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(017) 385-7969
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Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 1,716,789 $ 8,088,672 $ 7,659,619 $ 118,906 $ 925,789 $ 530,342 $ 8,501,097 $ 8,960,599 $ 427,770 $ 560,161 $ 429,772 $ 703,247
Liabilities: $ 0 $ 68 $ 695 $ 28
EE Contrib: $ 190,763 $ 903,029 $ 865,239 $ 78,126 $ 80,126 $ 319,974 $ 46,808 $ 13,271 $ 71,669 $ 793,319 $ 97,656 $ 42,187
Emp Contrib: $ 62,865 $ 49,811 $ 87,901 $ 3,975 $ 69,591 $ 43,362 $ 25,834 $ 2,802 $ 24,178 $ 57,059 $ 53 $ 6
Income/Loss: $ 238,985 $ 442,096 $ 130,353($ 27,077) $ 955,891 $ 2,540 $ 5,315 $ 52,646 $ 94,954 $ 64,244($ 1,733) $ 24,390
Total Income: $ 492,613 $ 422,597 $ 163,812 $ 289,985 $ 212,871 $ 63,729 $ 89,466 $ 544,621 $ 12,379 $ 950,359 $ 92,715 $ 963,758
Paid Benefits: $ 18,625 $ 63,084 $ 594,056 $ 5,509 $ 54,080 $ 97,778 $ 693,541 $ 59,397 $ 155 $ 88,937 $ 455,437
Expenses: $ 19,036 $ 2 $ 4 $ 9 $ 4 $ 7,344 $ 8,092 $ 2 $ 2 $ 468
  Commission: $ 0 $ 66,287 $ 2,642 $ 6,064 $ 2,551 $ 8,385 $ 9,922 $ 300 $ 142 $ 44
Net Income: $ 454,952 $ 315,415 $ 297,379 $ 27,460 $ 601,841 $ 177,718($ 425,271) $ 75,971 $ 33,677 $ 154,992($ 882,133) $ 207,392
Net Assets: $ 2,171,720 $ 783,518 $ 1,930,874 $ 4,518,825 $ 9,648,249 $ 445,000 $ 697,947 $ 6,603,645 $ 5,787,165 $ 333,095 $ 929,805 $ 550,501

Participants

202120202019201820172016201520142013201220112010
Total Participants:373150234243189288432395
Active Part.:3379531853412127b05f305f
Retired Part.:741c4befe999bfb948b
Deceased Part.:e100715836340e346b6 6280c5

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.

    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.