Lebanon Seaboard Corporation

1600 E Cumberland St
Lebanon, PA 17042

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 in-line with peers, in the 29th percentile.
  • Mod decreased by more than 75% of peers.
Good

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 17th percentile compared to peers.
  • In the last year, LCM Decreased by 21%. While peers Increased an average of 3%.
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.

  • 11% of peers have changed carriers since last year.
  • Of those who changed carriers, 0.6% increased their LCM vs those who stayed with their current provider who saw a 3.2% increase.
  • Current Carrier's market share is in the 75th percentile at 1.2% of the market.
Good

OSHA

Most employers with 10 or more employees are required to maintain injury and illness records, known as the 300 log. In the event of an inspection, this information will likely be requested. Even without injury or claim, the proper documentation should be readily available on a location by location basis. These logs are critical but simple to maintain.

  • Businesses with serious and/or repeat violations should be provided with risk management practices to eliminate unnecessary risk and minimize what must exist in current processes.
Needs Attention

Business Stats

Policy History

Term Exp. Mod Carrier Premium LCM
2023

1.978
(Current: 1.861)
2023

1.659
2023

-
2023

1.223
2023

1.557
2023

-
2023

-
2023

1.502
2023

-
2023

1.252
2023

2.069
2023

1.475
2023

1.360
2023

1.562
2023

1.288
2022

2.687
2022

1.556
2022

-
2022

1.529
2022

1.849
2022

-
2022

-
2022

1.512
2022

1.540
2022

-
2022

1.415
2022

1.686
2022

1.264
2022

1.996
2022

1.725
2022

1.600
2022

1.494
2021

-
2021

1.556
2021

-
2021

1.529
2021

1.830
2021

-
2021

-
2021

1.512
2021

1.540
2021

-
2021

1.450
2021

1.914
2021

1.900
2021

1.725
2021

1.600
2021

2.062
2021

2.062
2021

1.381
2021

1.860
2021
04-01-2020

1.800
2020

-
2020

1.800
2020

1.507
2020

2.280
2020

1.896
2020

-
2020

2.040
2020

-
2020

2.040
2020

1.651
2020

1.718
2020

2.062
2020

1.860
2020
04-01-2019

1.500
2020
04-01-2020

2.690
2020
04-01-2020

1.880
2020
04-01-2020

2.690
2019

-
2019

1.741
2019

1.920
2019

1.644
2019

-
2019

1.920
2018

1.920
2018

1.920
2017

1.920
2017

1.920
2016

1.920
2016

1.920
2015

1.920
2015

1.920
2014

-
2014

-
2013

-
2013

-
2012

-
2012

-
2011

-
2011
04-01-2010

-
2011
04-01-2010

-
2011
04-01-2011

-
2010

-
2010

-
2009
02-01-2009

-
2009
02-01-2009

-

Contacts

Ufjtsyk Xructmgj Osstlzpfcqu
Domain Registrant
(123) 028-8299
pgbooabtkx@OIGREX.QLI

fa
(887) 663-2638
9c9

Zyrwqbx Kjxlnpkq
Manager
(991) 574-9152
055 b

DOGIPNM E. LFRVIPZJO, SN.
Benefits Admin
(534) 701-3894
cc3

Eojlvnv Hpfomeaez
Director
(615) 869-0555
MRqpgnkmuq@kqzanb.wtj

Gsjhf Lrujbd
CEO
(241) 163-8999
jeqkevv@pbowhr.dlx

5f1
24
xxxgmmxgmzyccgg@mnjhyr.cds

c3
(033) 992-5294
785

YHQEVRL FNSQKOLGY
Benefits Admin
(178) 769-1135
9d480

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 29,560,123 $ 95,422,424 $ 75,900,708 $ 63,380,420 $ 56,429,595 $ 7,441,456 $ 15,155,131 $ 33,606,153 $ 32,851,712 $ 25,241,810 $ 40,152,084 $ 98,112,359
Liabilities: $ 0 $ 3 $ 38 $ 7 $ 8,830 $ 60 $ 6 $ 9 $ 98
EE Contrib: $ 1,147,236 $ 6,212,642 $ 551,434 $ 396,493 $ 61,867 $ 8,162,481 $ 900,739 $ 3,485,067 $ 687,652 $ 613,096 $ 156,640 $ 5,165,375
Emp Contrib: $ 872,813 $ 515,078 $ 786,151 $ 403,258 $ 447,876 $ 168,757 $ 204,490 $ 499,309 $ 348,423 $ 52,476 $ 406,873 $ 586,279
Income/Loss: $ 0 $ 2,918,109 $ 1,753,746($ 191,814) $ 9,839,196 $ 2,141,505($ 101,328) $ 74,496 $ 1,089,163 $ 1,881,505($ 167,234) $ 636,438
Total Income: $ 6,107,074 $ 9,021,378 $ 3,234,384 $ 940,169 $ 8,804,417 $ 9,100,706 $ 545,554 $ 6,719,938 $ 5,149,259 $ 9,213,464 $ 4,265,580 $ 3,300,197
Paid Benefits: $ 3,343,690 $ 3,106,017 $ 7,767,153 $ 6,351,624 $ 4,940,809 $ 3,994,840 $ 5,101,521 $ 984,378 $ 4,745,996 $ 417,098 $ 992,150 $ 823,905
Expenses: $ 0 $ 1 $ 676 $ 1 $ 9 $ 1 $ 1 $ 0
  Commission: $ 3,810 $ 5,141 $ 1,444 $ 1,535 $ 47,402 $ 30 $ 96,333 $ 38,488 $ 25,230 $ 7,109 $ 60,296 $ 86,464
Net Income: $ 2,759,574 $ 1,290,062 $ 6,360,383($ 1,888,446) $ 1,622,387 $ 3,732,938($ 354,458) $ 359,986 $ 1,312,272 $ 982,524 $ 50,101 $ 3,226,735
Net Assets: $ 32,319,697 $ 30,622,518 $ 33,441,191 $ 25,032,680 $ 44,016,910 $ 2,810,891 $ 34,949,731 $ 10,115,033 $ 72,251,429 $ 78,672,677 $ 42,756,431 $ 82,958,358

Participants

202120202019201820172016201520142013201220112010
Total Participants:287254607047652659327245876373185438
Active Part.:202311185058881683785292560979668471
Retired Part.:2069268557607687697380
Deceased Part.:203443077027

Insurance

No Insurance Coverage

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.

Health Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 0 $ 8 $ 1 $ 1 $ 1 $ 179
Liabilities: $ 0 $ 6 $ 1 $ 58 $ 1 $ 3 $ 95
EE Contrib: $ 0 $ 3 $ 43 $ 5 $ 0 $ 2 $ 90 $ 67 $ 9
Emp Contrib: $ 0 $ 8 $ 8 $ 440 $ 5
Income/Loss: $ 0 $ 0 $ 640 $ 0 $ 782
Total Income: $ 0 $ 1 $ 3 $ 76 $ 3 $ 5 $ 50
Paid Benefits: $ 0 $ 3 $ 0 $ 8 $ 3 $ 43 $ 16 $ 68 $ 30 $ 7
Expenses: $ 0 $ 370 $ 5 $ 6 $ 72 $ 1 $ 458
  Commission: $ 0 $ 391 $ 7 $ 0 $ 7 $ 3 $ 600
Net Income: $ 0 $ 3 $ 59 $ 4 $ 2 $ 4 $ 9 $ 3 $ 73
Net Assets: $ 0 $ 25 $ 2 $ 9 $ 9 $ 5 $ 4 $ 2 $ 9 $ 25

Participants

202120202019201820172016201520142013201220112010
Total Participants:200750594777272559968175253577798009
Active Part.:200504591666133300685000043322713511
Retired Part.:2aa8467633622
Deceased Part.:b06b0c7759a966e5c6

Insurance

LTUPCHKV, XJT.
Renewal:12-31-2021
Covered:149
  1. Dental
  2. Vision
  3. Prescription Drug
  4. PPO Contract

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 97,241
Commission0% $ 0
Fees0% $ 0
JOQBTASL XCRZTL WSMT ASVKEUEVK PPSXBCK
Renewal:12-31-2021
Covered:200
  1. Life Insurance
  2. SUPPLEMENTAL LIFE, AD&D

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 20,185
Commission0% $ 0
Fees0% $ 0

Providers

No Providers

Features

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

    4B - Life insurance.

    4D - Dental.

    4E - Vision.

    4L - Death benefits (include travel accident but not life insurance).

    4Q - Other.


OSHA