Republic Bancorp, Inc.benefits

Republic Bancorp, Inc.'s benefits plans covered 1,003 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $76,957. Insurance brokers and agents were paid $20,968 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 27.2% of premiums. That is $21 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 81% from $11,616 in 2023.