City National Bank of Florida

Miami, FL Finance & insuranceNAICS 522110

Self-funded health planPlan year 2025Renews January
1,122Participants+17% vs. prior year
$2.7MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#10 of 23Finance & insurance in FLBy participants

Overview

City National Bank of Florida sponsors a self-funded health plan that covered 1,122 participants in plan year 2025, up 17% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, short-term disability, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
1,122 · prior year 956
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
City National Bank of Florida Employee Benefits Plan, plan 503 (1,122 participants)
Broker compensation
$315K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityLong-term disabilityDeath benefitsOther welfare benefits

Insurance carriers

Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.

CarrierCoverageCoveredPremiumBroker comp
Cigna Health and Life Insurance Company and AffiliatesDental, Vision, HMO1,988$847K$95K
Sun Life Assurance Company of CanadaLife, Short-term disability, Long-term disability1,117$473K$100K
AflacShort-term disability260$277K$64K
Standard Insurance CompanyDisability45$224K$56K

Pharmacy benefit estimate

StreamRX estimate for a plan this size. Not based on this plan's claims.

$2.7M/ year

Estimated prescription spend: 1,122 participants × $2,371 national average per member. Usually higher once dependents are counted.

$69K–$171K/ year

Typical savings opportunity found in independent reviews of plans this size.

Brands with a generic available$20K–$51K
Lower-cost therapeutic alternatives$30K–$62K
Generic pricing vs. actual cost$13K–$38K
PBM contract terms$7K–$20K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning January 2028: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2025
Plan sponsor
City National Bank of Florida
Sponsor EIN
59-1297458
Plan number
503
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 59-1297458 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
City National Bank Retirement Savings Plan
Type
401(k) plan
Participants
1,387

About this data

Source: City National Bank of Florida's Form 5500 filing for plan year 2025 and its Schedule A insurance reports, published by the U.S. Department of Labor. "Self-funded" means the filing reports benefits paid from employer assets or a trust, with no medical insurance contract or with a stop-loss contract. Pharmacy figures are StreamRX estimates based on national averages. StreamRX is not affiliated with City National Bank of Florida.

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