SOUTH TEXAS RAILCAR INC
13420 ADKINS SAINT HEDWI
SAINT HEDWIG, TX 78152
Talking Points
Premium
Worker's Comp premium is based on two key factors - the LCM your carrier has filed to use, and the total payroll you run over the policy term, which is multiplied by the rate to determine premium.Comparing premium to businesses in the same industry and of similar size can indicate how fair your WC insurance provider's costs are relative to the market.
- Premium is in-line with peers, in the 65th percentile.
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 in-line with peers, in the 45th percentile.
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.
- 0% of peers have changed carriers since last year.
- Current Carrier's market share is in the 75th percentile at 18.2% of the market.
Business Stats
Policy History
| Term | Carrier | Premium | LCM | |
|---|---|---|---|---|
| 2022 |
1.693 | |||
| 2021 |
1.693 | |||
| 2020 |
1.693 | |||
| 2019 |
1.693 | |||
| 2018 |
- | |||
| 2017 |
- | |||
| 2016 |
- | |||
| 2015 |
- |
Contacts
Industry Classification
Car Mfg.--Railroad & Drivers
Railroad Rolling Stock Manufacturing
Railroad Equipment
Railroad Engine Mfg.
58560
Railroad or Other Public Conveyance Cars Mfg.
58561
Railroad or Other Public Conveyance Cars Parts Mfg.
Retirement Benefits
Financials
| 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|
| BOY Assets: | 2美元22,300 | $ 559,095 | $ 637,234 | $ 54,012 | $ 96,604 | $ 7,929 | |
| Liabilities: | $ 0 | 1美元 | $ 7 | $ 0 | 3美元 | ||
| EE Contrib: | 2美元2,407 | $ 62,042 | $ 98,390 | $ 55,892 | 4美元7,074 | $ 53,212 | 1美元73 |
| Emp Contrib: | 1美元9,664 | 3美元0,845 | 1美元,927 | 4美元46 | 3美元0,365 | $ 60,920 | 3美元,935 |
| Income/Loss: | $ 56,674 | 1美元0,971 | $ 59,784 | ($ 4,810) | $ 56,021 | $ 777 | ($ 39) |
| Total Income: | $ 98,745 | $ 88,871 | $ 94,080 | $ 7,243 | $ 61,407 | $ 57,884 | $ 7,032 |
| Paid Benefits: | $ 0 | 1美元,403 | $ 5,455 | $ 602 | $ 653 | $ 9 | 2美元 |
| Expenses: | $ 0 | 2美元 | 2美元0 | $ 0 | $ 7 | 4美元 | |
| Commission: | 1美元32 | 526美元 | $ 939 | $ 71 | 3美元0 | $ 8 | $ 87 |
| Net Income: | $ 98,613 | 4美元,596 | $ 65,013 | $ 74,201 | $ 60,196 | 4美元,723 | $ 9,139 |
| Net Assets: | 3美元20,913 | $ 729,207 | $ 825,827 | $ 545,123 | 4美元1,681 | $ 74,572 | $ 655 |
Participants
| 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|
| Total Participants: | 11 | 09 | 78 | 18 | 13 | 01 | 18 |
| Active Part.: | 10 | 58 | 1 | 91 | 9 | 2 | 4 |
| Retired Part.: | 8 | 72b | 97 | c | 4 | be | |
| Deceased Part.: | f | 5 | 5f | 17b | 80 | 5 |
Insurance
No Insurance CoverageProviders
No ProvidersFeatures
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.