K B Offset Printing Inc & Express Tech Volume Printing

3500 E College Ave, Ste 1000
State College, PA 16801

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

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 very good. It is in the 12th percentile compared to peers.
  • There was a recent mod increase.
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 75% 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.

  • 7% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 1st percentile at 1.9% of the market.
Needs Attention

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2023

1.725
(Current: 1.680)
2022

1.725
2021

1.540
2020

1.710
2019

1.590
2018

1.590
2017

1.565
2016

1.589
2015

1.550
2014

-
2013

-
2012

-
2011

-
2010

-
2009

-

Contacts

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Account Manager
(825) 681-9971
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Benefits Admin
(309) 347-7723
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Benefits Admin
(064) 871-0420
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President
(530) 847-1081
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Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 1,829,191 $ 1,340,950 $ 7,348,717 $ 358,391 $ 6,708,020 $ 4,224,574 $ 7,462,994 $ 9,931,014 $ 2,421,824 $ 2,188,598 $ 8,386,377 $ 9,510,779
Liabilities: $ 0 $ 90 $ 94 $ 40 $ 0 $ 296 $ 9 $ 0
EE Contrib: $ 42,977 $ 10,936 $ 29,124 $ 82,587 $ 27,005 $ 30,342 $ 8,522 $ 789,283 $ 896,984 $ 10,583 $ 460,259 $ 58,060
Emp Contrib: $ 0 $ 6 $ 55 $ 321 $ 20,324 $ 51,049 $ 58,360 $ 12,809 $ 48,943 $ 72,557 $ 98,980
Income/Loss: $ 125,123 $ 158,617 $ 625,114($ 7,132) $ 122,759 $ 87,112($ 4,300) $ 23,761 $ 3,828 $ 98,518 $ 7,422 $ 83,902
Total Income: $ 168,100 $ 128,623 $ 287,926 $ 37,252 $ 920,110 $ 761,640 $ 980,167 $ 201,980 $ 826,652 $ 104,473 $ 352,009 $ 120,378
Paid Benefits: $ 9,968 $ 22,922 $ 63,807 $ 141,897 $ 887,158 $ 32,076 $ 190,304 $ 405,345 $ 406,682 $ 1,708 $ 70,778 $ 1,697
Expenses: $ 911 $ 316 $ 1 $ 80 $ 15 $ 60 $ 12 $ 45 $ 5
  Commission: $ 0 $ 6,816 $ 699 $ 414 $ 20 $ 274 $ 80 $ 50 $ 896 $ 81 $ 5
Net Income: $ 157,221 $ 116,495 $ 332,142($ 91,975) $ 568,398($ 27,047)($ 54,866)($ 7,570) $ 78,051 $ 282,268 $ 34,352 $ 151,286
Net Assets: $ 1,986,412 $ 5,624,714 $ 3,421,457 $ 8,313,634 $ 5,957,589 $ 13,311 $ 8,839,979 $ 4,024,161 $ 3,743,695 $ 3,587,905 $ 38,184 $ 8,935,806

Participants

202120202019201820172016201520142013201220112010
Total Participants:405713093427177191024333
Active Part.:2831448513891108939eee66
Retired Part.: 55b77249b55856c 4e424b
Deceased Part.:9 48c0f882c46439a7467c5c970

Insurance

No Insurance Coverage

Providers

No Providers

Features

    2E - Profit-sharing

    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)).

Motor Carrier