First Republic Bank Benefits

First Republic Bank workers are provided with several types of retirement and welfare benefits. Like First Republic Bank, many American companies fund group health coverage, through which businesses typically cover a significant percentage of their employees' health insurance premiums. These contributions are tax deductible for companies and tax-free for workers. First Republic Bank offers health, dental, and vision insurance. First Republic Bank also offers group life insurance, short-term disability insurance for accidents or illness, long-term disability insurance, and death benefits, which cover certain causes of death. Employer-funded retirement plans help to secure a steady money source later in life. First Republic Bank provides defined contribution pension plans. With a defined contribution pension plan, employers help workers save and invest for retirement.