PEOPLES BANK & TRUST CO OF PICKETT COUNTY

19 COURTHOUSE SQ
BYRDSTOWN, TN 38549

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 77% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
  • In the last year, LCM Increased by 11%. While peers Increased an average of 4%.
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.

  • 18% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 75th percentile at 12.5% of the market.
Average

Business Stats

Policy History

Term Carrier LCM
2023

1.884
2022

-
2022

1.696
2021

-
2021

1.500
2020

-
2019

1.236

Contacts

Wgwq Eqsdw
Market President
(470) 401-3142
jlgbcd@zygcbyl.gwk

Xpuaek Kpofr
President
(886) 383-3247
3693

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 5,055,749 $ 4,715,589 $ 3,841,886 $ 4,371,362 $ 5,703,714 $ 320,490 $ 6,496,385 $ 15,583 $ 4,643,731 $ 9,741,448 $ 4,289,842 $ 8,088,757
Liabilities: $ 716,223 $ 483,014 $ 9,402,771 $ 9,768,842 $ 8,322,588 $ 7,918,383 $ 357,105 $ 1,470,224 $ 9,487,895 $ 5,870,926 $ 4,613,414 $ 5,178,051
EE Contrib: $ 0 $ 4 $ 83 $ 41 $ 8
Emp Contrib: $ 279,600 $ 263,224 $ 686,620 $ 691,725 $ 421,828 $ 778,213 $ 44,944 $ 809,201 $ 420,996 $ 220,442 $ 185,682 $ 429,159
Income/Loss: $ 1,401,128 $ 797,450 $ 166,708 $ 569,883 $ 900,260 $ 111,819 $ 821,580 $ 966,619($ 75,275)($ 753,704)($ 6,041,171)($ 938,272)
Total Income: $ 1,680,728 $ 973,027 $ 682,692 $ 47,168 $ 5,503 $ 951,400 $ 32,188 $ 9,655,353($ 32,934) $ 6,764($ 673,333)($ 495,171)
Paid Benefits: $ 81,662 $ 83,543 $ 82,820 $ 753,805 $ 456,895 $ 599,077 $ 221,191 $ 897 $ 826 $ 879,064 $ 606,175
Expenses: $ 32,252 $ 96,190 $ 43,631 $ 10,922 $ 95,628 $ 32,315 $ 99,552 $ 94,499 $ 38,180 $ 84,315 $ 98,395 $ 95,038
  Commission: $ 0 $ 6 $ 8 $ 7 $ 67 $ 9 $ 7 $ 99 $ 7
Net Income: $ 1,566,814 $ 233,525 $ 129,003 $ 627,654 $ 181,512 $ 847,527 $ 992,958 $ 239,069($ 94,040)($ 85,442)($ 3,220,855)($ 526,626)
Net Assets: $ 6,622,563 $ 5,030,522 $ 6,348,025 $ 4,335,703 $ 8,452,055 $ 9,329,872 $ 2,394,291 $ 942,269 $ 6,457,475 $ 178,101 $ 1,562,784 $ 5,522,941

Participants

202120202019201820172016201520142013201220112010
Total Participants:556039675182037529199577
Active Part.:554628752759028672502048
Retired Part.:52b766a85fe8eb58478
Deceased Part.: d39 3761ee5c32c155c

Insurance

No Insurance Coverage

Providers

No Providers

Features

    2P - Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.