Community Bank Delaware Inc

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 Higher than 63% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
  • In the last year, LCM Increased by 27%. While peers Increased an average of 10%.
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.

  • 20% of peers have changed carriers since last year.
  • Of those who changed carriers, 30.5% decreased their LCM vs those who stayed with their current provider who saw a 6.4% decrease, a difference of roughly 5x.
  • Current Carrier's market share is in the 95th percentile at 46.7% of the market.
Needs Attention

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Business Stats

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

Policy History

Term Exp. Mod Carrier LCM
2024

2.170
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

ZCWQUWQ NAYRGI
Benefits Admin
(003) 632-3013
02a
4
(457) 960-4589
39a

Industry Classification

Industry
Class
 Bank
Loss Cost
NAICS
 
SIC
 
Related GL Codes* 61223
Buildings or Premises--Bank and Other Financial Institutions
Related Class Codes*
Related SIC Codes* 6162
Mortgage Bankers and Correspondents
6029
Commercial Banks, Nec
6141
Personal Credit Institutions
6061
Federal Credit Unions
6022
State Commercial Banks
0

6211
Security Brokers and Dealers
6011
Federal Reserve Banks
6099
Functions Related To Depository Banking

Retirement Benefits

Financials

2022202120202019201820172016201520142013201220112010
BOY Assets: $ 2,171,720 $ 5,871,583 $ 2,577,900 $ 7,494,101 $ 4,489,972 $ 689,332 $ 24,418 $ 6,706,480 $ 8,859,431 $ 994,337 $ 634,146 $ 17,435 $ 353,171
Liabilities: $ 21 $ 11 $ 58 $ 37
EE Contrib: $ 592,444 $ 322,598 $ 496,636 $ 474,452 $ 933,205 $ 2,113 $ 799,954 $ 14,543 $ 83,139 $ 4,259 $ 566,849 $ 73,714 $ 31,653
Emp Contrib: $ 94,594 $ 4,456 $ 12,509 $ 91,047 $ 23,437 $ 50,808 $ 76,643 $ 316 $ 87,795 $ 16,773 $ 22,010
Income/Loss:($ 351,911) $ 174,704 $ 197,996 $ 570,460($ 85,153) $ 854,372 $ 37,798 $ 6,736 $ 19,257 $ 965,399 $ 1,027($ 6,228) $ 48,497
Total Income: $ 335,127 $ 648,871 $ 405,759 $ 517,443 $ 162,920 $ 927,564 $ 257,833 $ 20,690 $ 428,229 $ 156,246 $ 650,499 $ 58,705 $ 84,377
Paid Benefits: $ 458,097 $ 67,988 $ 26,708 $ 413,396 $ 96,832 $ 88,892 $ 41,224 $ 455,752 $ 57,286 $ 5,979 $ 20,835 $ 804,860 $ 489
Expenses: $ 0 $ 41,259 $ 7 $ 34 $ 929 $ 7,910 $ 9,548 $ 259 $ 29 $ 426
  Commission: $ 18,395 $ 11 $ 31,493 $ 1,252 $ 7,033 $ 5,306 $ 1,670 $ 6 $ 1,535 $ 4,901 $ 316 $ 3
Net Income:($ 141,365) $ 753,088 $ 165,661 $ 413,669 $ 11,346 $ 870,237 $ 602,308($ 895,771) $ 18,548 $ 314,513 $ 825,925($ 679,652) $ 843,937
Net Assets: $ 2,030,355 $ 5,234,474 $ 9,366,407 $ 9,295,910 $ 8,513,000 $ 7,841,685 $ 558,304 $ 169,754 $ 9,169,823 $ 9,078,567 $ 883,367 $ 771,808 $ 483,355

Participants

2022202120202019201820172016201520142013201220112010
Total Participants:41943124841437273054134639
Active Part.:37097732414815150702f0f2ef
Retired Part.:694ee8bae95974b24bff9b
Deceased Part.:5a6166c1ce4450351 635c445c

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.

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