Susquehanna Transit Company

401 E Central Avenue
Avis, PA 17721

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 in-line with peers, in the 52nd percentile.
  • 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 71% 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.

  • 6% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 95th percentile at 31.3% of the market.
Good

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2022

1.650
2021

1.650
2020

1.440
2019

1.440
2018

1.440
2017

1.440
2016

1.440
2015

1.200
2014

-
2013

-
2012

-
2011

-
2010

-
2009

-
2009
08-13-2008

-

Contacts

6
(474) 318-7162
5096

NJRODWKF6613
Benefits Admin
(372) 446-2625
4d89

UGNEYVY CIEASCQ
Benefits Admin
(440) 695-4021
d6fca

XDLGBRK T. JXSPWGI
Benefits Admin
(158) 712-5233
0d8

Hati R Etrehms
President
(626) 193-1064
3234

Jwstvcax Zhoui
Director
(527) 701-9375
nixdwwnt@twemjjqavnndakgrt.weo

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 619,841 $ 715,933 $ 913,015 $ 860,135 $ 952,988 $ 290,713 $ 565,961 $ 679,919 $ 3,028 $ 231,864 $ 201,854 $ 249,674
Liabilities: $ 0 $ 88 $ 5 $ 8 $ 1
EE Contrib: $ 31,352 $ 49,308 $ 21,192 $ 929,568 $ 11,518 $ 48,452 $ 62,359 $ 45,869 $ 51,116 $ 22,634 $ 35,747 $ 62,361
Emp Contrib: $ 0 $ 1 $ 34 $ 89 $ 8 $ 8 $ 2 $ 22 $ 1 $ 48
Income/Loss: $ 110,233 $ 2,064 $ 41,200($ 28,359) $ 71,054 $ 56,255($ 4,384) $ 42,124 $ 78,618 $ 65,625($ 4,730) $ 96,722
Total Income: $ 141,585 $ 33,597 $ 243,637 $ 18,455 $ 48,631 $ 87,144 $ 63,357 $ 85,493 $ 69,083 $ 90,707 $ 89,429 $ 3,064
Paid Benefits: $ 11,643 $ 86,994 $ 44,317 $ 78,137 $ 319,370 $ 148 $ 7,983 $ 10,015 $ 58,928 $ 80,246 $ 6,645 $ 311
Expenses: $ 0 $ 9 $ 0 $ 45 $ 95 $ 4
  Commission: $ 12,959 $ 9,392 $ 4,354 $ 4,861 $ 9,303 $ 86 $ 233 $ 888 $ 23 $ 9 $ 61
Net Income: $ 116,983 $ 61,372 $ 828,942 $ 40,850($ 90,479) $ 26,388($ 44) $ 19,700 $ 77,031 $ 63,726 $ 32,292 $ 9,183
Net Assets: $ 736,824 $ 298,191 $ 861,689 $ 983,958 $ 624,431 $ 834,736 $ 39,309 $ 802,838 $ 404,779 $ 398,905 $ 719,964 $ 241,413

Participants

202120202019201820172016201520142013201220112010
Total Participants:533280410640363065624275
Active Part.:3384482214651740774fa1
Retired Part.:493949 d 7 430d54d52
Deceased Part.:1d42811842 c841a122822c

Insurance

No Insurance Coverage

Providers

No Providers

Features

    2A - Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).

    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.

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

Motor Carrier