THE CITIZENS BANK OF PHILADELPHIA

EIN 64-0134511 · MS · Insurance / Financial Services

Compensation disclosed75 brokers of record on fileAs reported on Form 5500 (Schedules A and C), U.S. Department of Labor.

Benchmarked against: Insurance / Financial Services · 101–500 employees · same industry, regional · n=83 employers (your plan plus 82 peers)

Your exact in-state peer group was below the 10-plan minimum, so the comparison broadens to same industry, regional within Insurance / Financial Services.

264

(latest)

Fully insured

Funding

$132,648

Broker pay, employer-paid lines (2025)

$41.87

44th pct vs peers · n=83

Lines disclosed: Dental · Vision · Life · Long-term disability

Broker pay as a share of insured premium: 5.9% (peer median 6.3%, 43rd percentile).

Without the 17 low-disclosure peers, this plan is at the 32nd percentile of 66 comparable plans (your plan plus 65 peers).

Employer-paid $132,648 benchmarked for 2025 · Voluntary $44,933 shown separately, compared by rate only

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.

Medical

4.4%

Peer median 4.4%

Within peer range

Voluntary / worksite

17.3%

Peer median 19.8%

Within peer range

Vision

13.7%

Peer median 10.0%

Above peer range

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.

Dental and Life are filed only inside a bundled multi-line contract, so there is no single-line rate to compare. The bundle's effective rate is in the table below.

Where the $177,581 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)

HealthDentalLife insuranceApprenticeship / trainingSeveranceShort-term disabilityOther

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

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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.

Benefit line	Contract	Rate	vs. peers	Position
Medicalfiled as “Health”	UnitedHealthcare Insurance Company	4.4%	med 4.4%	Within peer range
Voluntary / worksite · contract 34751	Aflac	17.3%	med 19.8%	Within peer range
Voluntary / worksite · contract 53822	Boston Mutual Life Insurance Company	6.5%	med 19.8%	Below peer range
Vision	Sun Life Assurance Company of Canada	13.7%	med 10.0%	Above peer range

Bundled and other contracts — no single-line peer comparison

A bundled contract covers two or more lines on one premium (for example Health + Dental). Its effective rate is the commission on the whole premium; it is shown for completeness and never compared with single-line peers, because the mix of lines inside the bundle sets the rate as much as the broker does.

Covers	Contract	Effective rate	vs. peers
Dental + Life + Long-term disability	Equitable Financial Life Insurance Company of AmericaPlan 502	17.3%	Bundled; no single-line peer
Other benefitLONG TERM CARE	Unum Life Insurance Company of AmericaPlan 504	14.9%	No comparable line

How the peer group for each line was built

Medical: n=1,585 contracts, Southeast, 101-500 covered lives
Voluntary / worksite: n=2,061 contracts, Southeast, 101-500 covered lives
Vision: n=1,265 contracts, Southeast, 101-500 covered lives

n = the number of peer contracts in that comparison group.

Everything in this table is from the 2025 filing. These 6 contracts are a subset of the broker compensation disclosed for that year. The remainder sits on contracts with no premium reported or on Schedule C service-provider fees, which carry no contract rate.

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. Contracts under $10,000 in premium are listed for completeness, with no rate or 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 501THE CITIZENS BANK MEDICAL PLAN264 participants (2025)

HealthFully insured

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PN 502THE CITIZENS BANK GROUP INSURANCE PLAN260 participants (2025)

DentalLife insuranceApprenticeship / trainingSeveranceFully insured

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PN 503THE CITIZENS BANK VISION PLAN258 participants (2025)

Short-term disabilityFully insured

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PN 505THE CITIZENS BANK VOLUNTARY BENEFITS PLAN239 participants (2025)

OtherFully insured

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PN 506THE CITIZENS BANK EMPLOYEE LIFE OPTION PLAN128 participants (2025)

OtherFully insured

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PN 504THE CITIZENS BANK LONG TERM CARE PLAN123 participants (2025)

OtherFully insured

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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

Primary brokerLimited on public pages

Years on file1

Lead broker continuitySingle year on file

Broker setup75 brokers across benefit lines

Most

Peer benchmarkInsurance / Financial Servicesn=83 · regional peers

Is this your company?

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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.

Browse more: Mississippi employer health plans · Insurance / Financial Services plans in Mississippi · all states

Sourced from Form 5500 filings as submitted to the U.S. Department of Labor. Most recent plan year on file: 2025. 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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