City National Bank of Florida
Updated Filing received by DOL
City National Bank of Florida, a finance & insurance employer in Miami, Florida, reported 916 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows 6 insurance contracts with no premium reported and $175,164 in broker commissions and fees. The plan is self-funded (the employer pays claims itself). The Department of Labor received the filing on July 24, 2025, before the deadline.
Who was paid on City National Bank of Florida's plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract City National Bank of Florida filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| HUB International | $130,029 | $8,830 | $138,859 | 8 |
| Eileen Sanchez Medina · Miami, FL | $11,375 | $507 | $11,882 | 1 |
| Natalia C Ortiz · Miami, FL | $4,610 | $453 | $5,063 | 1 |
| Maria C Ortiz · Miami, FL | $3,245 | $0 | $3,245 | 1 |
| Natalia Duran Guzman · Miami, FL | $2,924 | $245 | $3,169 | 1 |
| Christina Maria Ortiz · Miami, FL | $2,895 | $138 | $3,033 | 1 |
| Mariana Christin Sanchez-Medina · Miami, FL | $2,508 | $340 | $2,848 | 1 |
| Alessandra C Sanchez Medina · Miami, FL | $1,527 | $146 | $1,673 | 1 |
| Marta M Sastre · Coral Gables, FL | $962 | $0 | $962 | 1 |
| Shirley Sastre Souto · Coral Gables, FL | $606 | $0 | $606 | 1 |
| Tomas E Flores · Miami, FL | $605 | $0 | $605 | 1 |
| Jeffrey Weiner · Coral Gables, FL | $358 | $0 | $358 | 1 |
Source: DOL Form 5500 Schedule A, Part I (broker commissions and fees), plan year 2024, as published in EBSA's 2024 "Latest" dataset. Part I names whoever the carrier paid, which can be a firm or an individual agent; both are public record. Amounts exclude pay from carriers not tied to a listed contract.
Insurance contracts and carriers
Every insurance contract reported on Schedule A: carrier, what it covers, people covered at year end, earned premium, and broker compensation.
| Carrier · coverage | Covered | Premium | Broker pay | Rate |
|---|---|---|---|---|
| Cigna Health and Life Insurance Companydental, vision, HMO, indemnity | 1,701 | — | $73,234 | — |
| Aflacindemnity | 229 | — | $36,305 | — |
| Life Insurance Company of North Americalife | 956 | — | $42,381 | — |
| Life Insurance Company of North Americalong-term disability | 295 | — | $19,405 | — |
| Life Insurance Company of North Americacoverage not coded | 956 | — | $3,835 | — |
| Life Insurance Company of North Americalife | 956 | — | $4 | — |
Source: DOL Form 5500 Schedule A, plan year 2024. Self-funded medical coverage has no premium; amounts shown for it are stop-loss or administrative contracts.
How City National Bank of Florida compares
Medians across employers for plan year 2024, the most recent complete year. Commission rates use fully insured medical contracts only; dollar medians use every employer that disclosed broker pay.
Not computable: no insured medical premium on the filing.
Source: BenefitsLedger benchmarks from 58,547 employer health plans with 100 or more participants, plan year 2024. Methodology.
Year over year
| 2023 | 2024 | Change | |
|---|---|---|---|
| Participants | 932 | 916 | −1.7% |
| Premiums filed | $0 | $0 | — |
| Broker commissions + fees | $197,970 | $175,164 | −11.5% |
| Commission rate | — | — | — |
Source: DOL Form 5500 filings for plan years 2023 and 2024.
Filings and timeliness
Plans this employer filed under its EIN with a health benefit code. Large plans are due seven months after the plan year ends, or two and a half months later with an extension; amended filings carry the amendment date, so no timing is asserted for them.
| Plan | Plan year end | Received by DOL | Timing | Participants |
|---|---|---|---|---|
| City National Bank of Florida Employee Benefits Plan#503 · insurance, general assets | December 31, 2024 | July 24, 2025 | before deadline | 916 |
Source: DOL Form 5500 Part I and signature dates; "late" means received after the extended deadline (the 15th day of the tenth month after plan year end). What a late Form 5500 costs.
How much did City National Bank of Florida pay in health insurance broker commissions in 2024?
City National Bank of Florida's 2024 Form 5500 reports $175,164 in broker commissions and fees across 6 insurance contracts ($164,505 in commissions, $10,659 in fees), with HUB International receiving the largest share.
Is City National Bank of Florida's health plan self-funded or fully insured?
The 2024 filing indicates the plan is self-funded (the employer pays claims itself).
How does City National Bank of Florida's broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for City National Bank of Florida because the filing does not report medical premium on Schedule A (usual for self-funded plans). In dollars, employers with 500-999 participants that disclosed broker pay reported a median of $104,902.
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Record built October 24, 2026 from U.S. Department of Labor, EBSA Form 5500 datasets (2025, 2024, 2023 plan years, 'Latest' files). Filings can run 7 to 10 months behind the plan year; always confirm against current plan documents. BenefitsLedger is not affiliated with the U.S. Department of Labor. Open the DOL filing search.