Webb Communications Inc

1 Maynard Street
Williamsport, PA 17701

Talking Points

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.
  • Mod increased by more than 75% of peers.
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 Very Good, in the 8th percentile compared to peers.
Good

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.

  • 24% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 99th percentile at 17.2% of the market.
Good

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2023

1.130
2022

1.130
2021

1.130
2020

1.080
2019

1.080
2018

1.080
2017

1.080
2016

1.080
2015

1.080
2014

-
2013

-
2012

-
2011

-
2011
04-11-2011

-
2010

-
2010

-
2009

-
2009

-

Contacts

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Co-Founder
(295) 430-2123
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Yiwne Z Zkja
Chairman of the Board
(266) 657-3150
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Benefits Admin
(548) 660-8715
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Benefits Admin
(978) 560-8797
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Industry Classification

Retirement Benefits

Financials

20212020201920182017201620152014201320122011
BOY Assets: $ 2,444,773 $ 6,698,977 $ 8,612,096 $ 6,502,173 $ 4,383,250 $ 7,712,693 $ 8,381,186 $ 9,220,795 $ 4,934,051 $ 898,795 $ 29,292
Liabilities: $ 0 $ 2 $ 97 $ 212 $ 69 $ 83 $ 67 $ 624
EE Contrib: $ 103,972 $ 629,004 $ 786,311 $ 390,432 $ 621,031 $ 253,541 $ 50,467 $ 104,307 $ 75,859 $ 305,873 $ 693,017
Emp Contrib: $ 49,775 $ 71,494 $ 23,607 $ 2,763 $ 40,189 $ 98,023 $ 34,035 $ 23,212 $ 82,580 $ 51,037 $ 44,218
Income/Loss: $ 281,369 $ 921,933 $ 570,117($ 60,381) $ 791,307 $ 73,058($ 121) $ 47,583 $ 3,922 $ 238,506($ 7,695)
Total Income: $ 435,116 $ 158,790 $ 635,241 $ 3,725 $ 407,509 $ 900,301 $ 256,057 $ 315,413 $ 460,055 $ 790,299 $ 722,826
Paid Benefits: $ 69,152 $ 241,187 $ 64,579 $ 790,484 $ 513,330 $ 68,929 $ 52,759 $ 265,446 $ 190,655 $ 82,839 $ 365,505
Expenses: $ 0 $ 819 $ 1,853 $ 5,200 $ 986 $ 7 $ 77 $ 48 $ 525 $ 3
  Commission: $ 20,312 $ 7,755 $ 292 $ 446 $ 969 $ 4 $ 719 $ 4,783 $ 4,193 $ 3 $ 106
Net Income: $ 345,652 $ 665,397 $ 423,222($ 336,791) $ 28,594 $ 671,549 $ 33,672 $ 39,835 $ 310,273 $ 497,337 $ 890,919
Net Assets: $ 2,790,425 $ 2,956,462 $ 4,333,033 $ 1,139,243 $ 2,831,561 $ 1,916,898 $ 2,158,833 $ 9,394,938 $ 3,530,441 $ 7,499,445 $ 15,498

Participants

20212020201920182017201620152014201320122011
Total Participants:71837331410255656665428
Active Part.:5975312784612095 a4968ae
Retired Part.:fcc1bb5f5eccddd fbfb4f
Deceased Part.:ad042a242612 02066344c6ba

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.

    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.

    3H - Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

    2T - Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.


OSHA

Motor Carrier