TMCO INC

701 S 6TH ST
LINCOLN, NE 68508

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 69% 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.

  • 10% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 95th percentile at 20% of the market.
Good

Business Stats

Policy History

Term Carrier LCM
2023

1.530
(Current: 1.710)
2022

1.530
2021

1.530
2020

1.530
2019

1.431

Contacts

JVEFOWW WEFPHCK
Benefits Admin
(303) 977-6531
91e5

QRSI JVHRUJM
Benefits Admin
(213) 736-2512
855

XHO NEKUOECF
Benefits Admin
(245) 587-3968
0f77

VMRJ
Benefits Admin
(349) 684-5257
0 2f7

MEOQZ ZCSC
Benefits Admin
(608) 366-5754
a200

e35
63
a504

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 16,656,402 $ 80,941,458 $ 73,678,673 $ 66,644,015 $ 33,418,359 $ 14,638,061 $ 82,152,041 $ 15,880,453 $ 2,758,735 $ 1,546,446 $ 6,690,622 $ 8,519,280
Liabilities: $ 0 $ 0 $ 5 $ 6 $ 76 $ 1 $ 1,118 $ 5,848 $ 96 $ 1,448 $ 8,752
EE Contrib: $ 735,766 $ 227,365 $ 804,825 $ 762,748 $ 730,096 $ 493,208 $ 66,577 $ 50,240 $ 686,758 $ 828,038 $ 799,476 $ 459,452
Emp Contrib: $ 531,416 $ 597,120 $ 740,089 $ 292,575 $ 376,835 $ 104,933 $ 473,344 $ 791,137 $ 705,095 $ 203,392 $ 512,043 $ 400,411
Income/Loss: $ 829,548 $ 4,565,670 $ 8,387,839($ 5,600,242) $ 4,786,064 $ 578,443($ 17,778) $ 882,725 $ 9,032,500 $ 287,727($ 433,810) $ 902,113
Total Income: $ 3,625,832 $ 1,516,475 $ 2,703,267 $ 481,353 $ 3,070,331 $ 1,105,213 $ 9,255,934 $ 6,372,508 $ 4,542,408 $ 5,004,820 $ 353,514 $ 6,359,601
Paid Benefits: $ 890,163 $ 7,141,190 $ 830,291 $ 116,567 $ 901,329 $ 4,738,554 $ 50,873 $ 667,665 $ 593,442 $ 91,185 $ 319,212 $ 5,775
Expenses: $ 0 $ 7 $ 6 $ 4 $ 99 $ 4 $ 916 $ 0
  Commission: $ 61,106 $ 76,539 $ 50,534 $ 16,664 $ 66,949 $ 6,316 $ 55,049 $ 410 $ 1,173 $ 4,840 $ 7,555 $ 6,531
Net Income: $ 2,674,563 $ 6,264,953 $ 6,523,534($ 937,458) $ 1,283,618($ 4,088,171) $ 676,513 $ 2,264,210 $ 7,369,383 $ 8,802,225 $ 670,375 $ 6,553,861
Net Assets: $ 19,330,965 $ 6,272,094 $ 53,920,878 $ 41,319,919 $ 72,733,601 $ 50,941,215 $ 39,890,269 $ 57,295,474 $ 39,186,376 $ 554,226 $ 4,646,280 $ 3,876,404

Participants

202120202019201820172016201520142013201220112010
Total Participants:227822605069252642434685383756832502
Active Part.:156503032092571891520312621335243443
Retired Part.:217689178910306bcedc16 88d28
Deceased Part.:2dbd897450859463535

Insurance

No Insurance Coverage

Providers

CMFCS HIIP & XNJEB RLSUVNGClaims processing
Recordkeeping and information management (computing, tabulating, data processing, etc.)
Trustee (bank, trust company or similar financial institution)
Participant communication
Investment management fees paid directly by plan
Sub-transfer agency fees
Recordkeeping fees
Compensation:$52,606
Relation:SERVICE PROVIDER
NRFWX IGRA, XNGAccounting (including auditing)
Direct payment from the plan
Compensation:$8,500
Relation:SERVICE PROVIDER

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.

Health Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 0 $ 4 $ 1 $ 528 $ 8 $ 5 $ 450 $ 31 $ 854 $ 9 $ 5
Liabilities: $ 0 $ 3 $ 1 $ 0 $ 0 $ 2 $ 6
EE Contrib: $ 0 $ 276 $ 0 $ 738 $ 3 $ 28 $ 0
Emp Contrib: $ 0 $ 7 $ 42 $ 4 $ 3 $ 43 $ 234
Income/Loss: $ 0 $ 8 $ 4 $ 18 $ 5 $ 53 $ 39 $ 3 $ 58
Total Income: $ 0 $ 90,000 $ 69 $ 9 $ 7 $ 297 $ 299 $ 95
Paid Benefits: $ 0 $ 96 $ 2,000,000 $ 7 $ 77 $ 7
Expenses: $ 0 $ 27 $ 2 $ 1 $ 4 $ 7 $ 9 $ 2
  Commission: $ 0 $ 9 $ 11 $ 7 $ 86 $ 93 $ 9
Net Income: $ 0 $ 7 $ 6 $ 650 $ 361 $ 58 $ 13 $ 606 $ 660 $ 156
Net Assets: $ 0 $ 33 $ 8 $ 7 $ 85 $ 17 $ 8

Participants

202120202019201820172016201520142013201220112010
Total Participants:306084707643955549475128342247056413
Active Part.:306490600952748078261833015319899884
Retired Part.:a1681babc2406c81d1bde2610da8
Deceased Part.:b4e03e08d85d5b3b5db509750

Insurance

ZBUFZXIMSYAAALJZ ZCBJDXDTI FPHQWMZ
Renewal:12-31-2021
Covered:306
  1. Health

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 995,387
Commission4.09% $ 40,755
Fees0% $ 0
Brokers

Providers

No Providers

Features

    4A - Health (other than vision or dental).


OSHA