PEOPLES BANK & TRUST CO OF PICKETT COUNTY

19 COURTHOUSE SQ
BYRDSTOWN, TN 38549

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 77% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
  • In the last year, LCM Increased by 11%. While peers Increased an average of 4%.
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.

  • 18% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 75th percentile at 12.5% of the market.
Average

Business Stats

Policy History

Term Carrier LCM
2023

1.884
2022

-
2022

1.696
2021

-
2021

1.500
2020

-
2019

1.236

Contacts

Xasv Zvmfr
Market President
(101) 929-1774
urdnka@jrtddlb.dva

Xhxbsr Fvmgb
President
(329) 685-1940
dc6

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 5,055,749 $ 5,802,821 $ 5,381,047 $ 2,463,612 $ 7,307,490 $ 8,268,618 $ 5,383,807 $ 2,058,372 $ 3,876,113 $ 6,515,469 $ 1,045,419 $ 9,147,965
Liabilities: $ 716,223 $ 38,284 $ 9,117,240 $ 4,897,604 $ 9,342,295 $ 1,720,346 $ 144,289 $ 856,272 $ 1,003,464 $ 4,017,074 $ 8,696,578 $ 1,761,153
EE Contrib: $ 0 $ 198 $ 6 $ 0 $ 35 $ 6 $ 4
Emp Contrib: $ 279,600 $ 827,249 $ 866,351 $ 472,477 $ 354,518 $ 827,163 $ 323,784 $ 971,598 $ 249,787 $ 561,433 $ 20,285 $ 781,796
Income/Loss: $ 1,401,128 $ 902,400 $ 445,511 $ 455,880 $ 829,217 $ 880,260 $ 20,924 $ 23,972($ 110,630)($ 827,232)($ 9,728,308)($ 583,803)
Total Income: $ 1,680,728 $ 635,092 $ 477,670 $ 147,227 $ 784,565 $ 43,646 $ 449,420 $ 7,885,736($ 90,270) $ 5,883($ 887,994)($ 574,339)
Paid Benefits: $ 81,662 $ 30,152 $ 83,300 $ 512,735 $ 306,624 $ 629,575 $ 610,840 $ 315 $ 943 $ 256,718 $ 198,729
Expenses: $ 32,252 $ 58,303 $ 23,590 $ 28,398 $ 23,867 $ 81,368 $ 95,922 $ 15,672 $ 95,832 $ 82,503 $ 45,250 $ 59,870
  Commission: $ 0 $ 560 $ 9 $ 7 $ 9 $ 8 $ 69
Net Income: $ 1,566,814 $ 474,195 $ 615,053 $ 835,433 $ 215,474 $ 860,012 $ 880,941 $ 257,329($ 57,211)($ 15,094)($ 9,143,456)($ 406,131)
Net Assets: $ 6,622,563 $ 6,628,512 $ 1,746,944 $ 4,539,311 $ 66,034 $ 666,413 $ 4,377,032 $ 3,792,648 $ 3,385,235 $ 9,854,564 $ 6,072,864 $ 3,194,922

Participants

202120202019201820172016201520142013201220112010
Total Participants:556089062544315748092181
Active Part.:559398361256923176524736
Retired Part.:924eb6ad4656d529f6282a5
Deceased Part.:230e7d3e1cccafe25250e19c

Insurance

No Insurance Coverage

Providers

No Providers

Features

    2P - Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.