STATE NEBRASKA BANK & TRUST

122 MAIN ST, 687871940
WAYNE, NE 68787

Talking Points

For the Agent

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

  • A break in policy terms may indicate inconsistent work load which can result in substandard employment.
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 92% 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 50th percentile at 96% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier LCM
2022

1.250
2021

1.250

Contacts

5
(400) 406-7863
ed112

56
(442) 638-4596
38e

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 1,525,352 $ 7,540,252 $ 3,516,897 $ 4,309,945 $ 6,822,469 $ 435,703 $ 823,114 $ 914,326 $ 712,406 $ 405,037 $ 412,930 $ 653,479
Liabilities: $ 0 $ 9 $ 1 $ 81 $ 71 $ 85 $ 9 $ 7 $ 69
EE Contrib: $ 82,462 $ 501,896 $ 71,822 $ 59,883 $ 46,133 $ 86,682 $ 50,408 $ 47,592 $ 55,764 $ 87,012 $ 52,744 $ 803,500
Emp Contrib: $ 31,305 $ 20,902 $ 5,629 $ 2,222 $ 6,518 $ 6 $ 3,655 $ 6 $ 7 $ 0
Income/Loss: $ 318,980 $ 545,566 $ 352,491($ 48,857) $ 338,092 $ 98,526($ 184) $ 10,632 $ 261,385 $ 19,624($ 9,702) $ 28,519
Total Income: $ 432,747 $ 261,994 $ 87,235 $ 7,613 $ 966,091 $ 289,980 $ 24,001 $ 32,666 $ 135,178 $ 588,920 $ 70,033 $ 724,784
Paid Benefits: $ 63,200 $ 950,962 $ 5,015 $ 648,706 $ 973 $ 4,327 $ 756,994 $ 5,618 $ 764 $ 68,127 $ 37,989
Expenses: $ 0 $ 4 $ 9 $ 338 $ 66 $ 3 $ 33 $ 9 $ 33
  Commission: $ 11,649 $ 3,524 $ 501 $ 3,244 $ 4 $ 59 $ 630 $ 74 $ 7 $ 57 $ 49
Net Income: $ 357,898 $ 73,899 $ 901,747($ 232,230) $ 353,209 $ 456,636($ 37,463) $ 930,718 $ 67,852 $ 148,706 $ 55,634 $ 88,636
Net Assets: $ 1,883,250 $ 7,224,306 $ 2,374,075 $ 7,748,323 $ 2,566,388 $ 6,001,791 $ 464,168 $ 5,055,012 $ 712,637 $ 414,822 $ 378,937 $ 194,895

Participants

202120202019201820172016201520142013201220112010
Total Participants:223023939325586785924673
Active Part.:214897919533808549e2824e
Retired Part.:afa8f794a13cdf239f79b
Deceased Part.:b645b a387440cbb09e91ea

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.

    2S - Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.

    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.