J and T Concrete Inc

84 SALEM CHURCH RD
NEWARK, DE 19713

Talking Points

For the Agent

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

  • Increasing LCM and decreasing market share may indicate carrier is tightening underwriting guidelines and/or has written higher risk accounts that they are less willing to fight for.
Needs Attention

Experience Mod Rating

Mod is an indication of how risky a company is to insure. It is based on a company's claim history.

  • Experience Mod is high. It is in the 100th percentile compared to peers.
  • There was a recent mod decrease.
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 56% 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.

  • 0% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 75th percentile at 18.2% of the market.
Good

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2022

1.875
2020

1.875
2019

1.728
2018

1.390
2017
11-04-2017

1.922
2016

1.876
2015

1.787
2014

-
2013

-
2012

-
2011
11-04-2011

-
2010

-
2009

-

Contacts

KMAVPAA CBPWHOH
Benefits Admin
(339) 125-7061
920

Ijlnn Pwsedoe Hb
President
(423) 108-2665
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Industry Classification

Retirement Benefits

Financials

20212020201920182017201620152014201320122011
BOY Assets: $ 2,166,783 $ 4,885,159 $ 6,051,247 $ 4,657,619 $ 351,341 $ 5,419,829 $ 5,019,501 $ 4,062,654 $ 7,182,794 $ 3,846,413 $ 3,626,859
Liabilities: $ 0 $ 0 $ 5 $ 100 $ 6 $ 6 $ 5 $ 951 $ 56 $ 51 $ 506
EE Contrib: $ 0 $ 8 $ 4 $ 1 $ 1 $ 16 $ 8 $ 38
Emp Contrib: $ 26,004 $ 85,069 $ 9,803 $ 55,958 $ 73,747 $ 95,716 $ 54,753 $ 97,474 $ 4,726 $ 19,477 $ 9
Income/Loss: $ 1,021,943 $ 71,947 $ 291,231 $ 646,627 $ 653,267($ 996,322) $ 388,750 $ 560,126 $ 91,574 $ 85,884 $ 64,152
Total Income: $ 1,047,947 $ 63,450 $ 904,627 $ 690,040 $ 474,662($ 3,440) $ 29,858 $ 432,935 $ 34,449 $ 16,200 $ 5,287
Paid Benefits: $ 51,463 $ 41,915 $ 35,215 $ 88,731 $ 32,154 $ 63,691 $ 8,330 $ 40,072 $ 35,967 $ 553 $ 88,963
Expenses: $ 0 $ 152 $ 76 $ 8 $ 67 $ 6 $ 6
  Commission: $ 27,543 $ 26,942 $ 54,245 $ 87,287 $ 45,966 $ 7 $ 19,680 $ 1 $ 86 $ 5,401 $ 7,143
Net Income: $ 968,941 $ 65,454 $ 65,290 $ 29,234 $ 229,497($ 47,792) $ 453,360 $ 205,855 $ 84,848 $ 53,524 $ 1,072
Net Assets: $ 3,135,724 $ 5,869,306 $ 5,866,604 $ 1,915,255 $ 6,866,033 $ 8,286,215 $ 88,988 $ 5,929,206 $ 2,727,866 $ 773,398 $ 8,345,657

Participants

20212020201920182017201620152014201320122011
Total Participants:1474439532908988906651
Active Part.:46171116ec1e927
Retired Part.:46d7b66894752fd9bdd f2
Deceased Part.:e4e7163eee6e8

Insurance

No Insurance Coverage

Providers

No Providers

Features

    1A - Benefits are primarily pay related

    1I - Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).

    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.

Motor Carrier