FDIC AS RECEIVER FOR REPUBLIC FIRST BANK
Formerly REPUBLIC FIRST BANK
EIN 23-2479933 · TX · Insurance / Financial Services
This filing doesn't itemize broker compensation the way most peer employers do. That can be a clean fee arrangement — or pay baked into premium. Peer market rates for similar plans are below.
Benchmarked against: Insurance / Financial Services · 101–500 employees · same industry, in-state · n=133 employers
Peer disclosed broker cost: median $21.01 per participant per month · typical range $9.36–$42.67. This company's filings did not itemize an amount to place on that scale.
393
(2023)
Self-fundedSelf-funded (incl. mixed, stop-loss and level-funded).
Funding
Voluntary only
Broker pay, employer-paid lines (2023)
—
Peer median $21.01 per participant per month
Employer-paid $0 benchmarked for 2023 · Voluntary $9,811 shown separately, compared by rate only
Showing 2023, the latest year with a complete peer group. A 2024 filing is on file and appears in broker history; it is not benchmarked yet.
Why 2023?
The figures above use 2023, the latest year we can compare with similar employers. A filing for 2024 is on file. 2024 reports only a token amount of broker pay, under $5,000. That is too small to compare with other employers. 2024 broker pay on file so far totals $3,313 across all lines, about 66% less than the $9,811 for 2023. Rows for 2024 stay in the broker history and stay out of the headline and the peer comparison.
Broker commission rate by benefit line
What the broker earns on each insured line, as a share of that line's own premium — not a share of total broker pay, and not what the coverage cost. Peers for these tiles: same region, similar covered lives. Full table below. How the national rates are built.
Voluntary / worksite
18.7%
Peer median 19.9%
Within peer rangeVoluntary / worksite premium is typically paid by employees through payroll deduction, so commission on those lines comes out of employee money rather than company money.
Dental, Vision, and Life are not on this filing as their own contracts, so there is no peer rate to show for them.
Where the $9,811 across all lines goes
Each broker and each benefit line, in dollars
How much broker pay rides inside the premium
Base commission against bonuses and other carrier payments, all funded through premium
Whether this number is drifting
Compensation across every filed year, against the peer median
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Benefits covered (latest filing)
From the Form 5500 welfare benefit codes — the authoritative list of what the plan covers, including medical (health).
Broker history
Benefit lines covered by year — broker identity limited on public pages
The 2024 filing reports only a token amount of broker pay, under $5,000. The analysis year is 2023, the latest year that is complete and benchmarked.
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Commission rates by benefit line
Each insured contract on the filing, with the broker's commission as a share of that contract's own premium. Premium is what was paid to the carrier for the coverage; only the commission column is broker pay.
Analysis year 2023 — the same year as the headline figure and per-participant rate above. The 2024 filing reports only a token amount of broker pay, under $5,000.
| Benefit line | Contract | Rate | vs. peers | Position |
|---|---|---|---|---|
| Voluntary / worksitemulti-product: accident + hospital indemnity | Unum Life Insurance Company of America | 18.7% | med 19.9% | Within peer range |
How the peer group for each line was built
- Voluntary / worksite: n=1,075 contracts, Southwest, 101-500 covered lives
n = the number of peer contracts in that comparison group.
Everything in this table is from the 2023 filing. This contract is a subset of the broker compensation disclosed for that year. The remainder sits on bundled multi-line contracts, contracts with no premium reported, or Schedule C service-provider fees, none of which carry a comparable single-line rate. 2024 is not rated here. Its rows appear in Broker history above as filed — pick 2024 on the year chips there to see them.
Who funds this. Voluntary / worksite premium is typically paid by employees through payroll deduction, so commission on those lines comes out of employee money rather than company money.
Peer comparison here is contract-level: each line is matched to single-line contracts covering a similar number of lives. The geography and size band come from that cell's generated scope label. That is a different group from the plan-level peer set, which compares employers on total broker cost per employee, so the two sample sizes are not expected to agree. The national table on the research page includes every single-line contract on that benefit line. Company pages use the tightest cell with at least 10 contracts — region and size when those exist, otherwise national. The two medians answer different questions, so they are not expected to match. A rate on bundled multi-line premium is not comparable to a single-line rate, so bundled contracts are never given a peer position.
Plans on file
Expand a plan to see its insured contracts and year-over-year history — the details someone on the plan can recognize and verify.
PN 501REPUBLIC BANK DBA REPUBLIC BANK HEALTH AND WELFARE BENEFIT PLAN0 participants (2024)HealthDentalLife insuranceShort-term disabilityLong-term disabilityApprenticeship / trainingSeveranceSelf-fundedSelf-funded (incl. mixed, stop-loss and level-funded). · 4 years on file
Loading contracts…
Covers = benefits reported on the Form 5500 (welfare benefit codes). Contracts = insured lines itemized on Schedule A; a self-funded medical line never appears there.
At a glance
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How do similar employers compare?
Employers in the same peer group (Insurance / Financial Services, similar size), from public Form 5500 filings. Open one to see what it pays its broker.
- HAWAII STATE FEDERAL CREDIT UNIONHawaiiCompensation disclosed →
- LUCENT HEALTH SOLUTIONS, LLCTennesseeCompensation disclosed →
- FIBRE FEDERAL CREDIT UNIONWashingtonCompensation disclosed →
- ASSURITY LIFE INSURANCE COMPANYNebraskaCompensation disclosed →
- FARM FAMILY LIFE INSURANCE COMPANYNew YorkCompensation disclosed →
Browse more: Texas employer health plans · Insurance / Financial Services plans in Texas · all states
Sourced from Form 5500 filings as submitted to the U.S. Department of Labor. Analysis year: 2023; newest plan year with a filing on file: 2024. Dataset refreshed October 7, 2026. Plan years are labeled by the year they begin, so a July 2024 – June 2025 plan year is 2024. Filings may lag 12–18 months behind the current plan year.
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