FORD TRIMBLE & ASSOCIATES INC

PO BOX 846
INMAN, SC 29349

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

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 99% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
  • LCM Increased by more than 75% of peers.
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.

  • 5% of peers have changed carriers since last year.
  • Of those who changed carriers, 1.7% decreased their LCM vs those who stayed with their current provider who saw a 2.6% increase.
  • Current Carrier's market share is in the 99th percentile at 32.1% of the market.
Good

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2023

2.290
2023

2.624
2022

2.290
2022

2.487
2021

1.950
2021

2.421
2020

1.950
2020

2.421
2019

1.950
2019

-
2018

1.450
2017

1.450
2017

-
2016

1.450
2015

1.450
2014

1.450
2013

-

Contacts

Uejws Ekuap
Owner
(280) 662-1651
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BZKOIF B. PMKWKZY
Benefits Admin
(012) 022-2060
8a384

ZMEHMF WYTRZMY
Benefits Admin
(158) 043-8835
fa3e6

DSDRHK F. SLHZJSY
President
(165) 074-9366
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Industry Classification

Retirement Benefits

Financials

20212020201920182017201620152014
BOY Assets: $ 2,515,312 $ 3,733,088 $ 41,059 $ 329,404 $ 131,312 $ 506,175 $ 338,836 $ 54,701
Liabilities: $ 0 $ 8 $ 8 $ 8
EE Contrib: $ 0 $ 5 $ 53 $ 37 $ 24,606 $ 60,151 $ 84,551
Emp Contrib: $ 56,726 $ 27,763 $ 33,960 $ 34,451 $ 67,353 $ 2,772 $ 49,011 $ 324,279
Income/Loss: $ 1,531,724 $ 4,284,441 $ 73,768 $ 95,554 $ 247,412 $ 81,913($ 10,193)($ 3,401)
Total Income: $ 1,588,450 $ 1,565,129 $ 912,264 $ 945,440 $ 517,538 $ 235,584 $ 96,327 $ 128,586
Paid Benefits: $ 0 $ 27 $ 8
Expenses: $ 0 $ 3 $ 4
  Commission: $ 0 $ 2 $ 0 $ 99 $ 7 $ 2 $ 3
Net Income: $ 1,588,450 $ 1,423,506 $ 165,173 $ 269,690 $ 373,485 $ 772,497 $ 33,912 $ 226,080
Net Assets: $ 4,103,762 $ 2,746,434 $ 6,255,643 $ 807,278 $ 471,570 $ 432,121 $ 930,898 $ 976,595

Participants

20212020201920182017201620152014
Total Participants:46228401
Active Part.:44269759
Retired Part.:b7e3818c61dde2a
Deceased Part.:01b964646 4d8

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.