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Cat5 Resources is a Texas-based backup power provider for critical business sectors when they are impacted by severe weather or an emergency. It’s also a company that provides support for its employees. “We're a woman-owned company. Taking care of our employees has always been first and foremost for Cat5,” said Cathy Hillman, Vice President of Corporate Compliance and Risk Management.
Although the company had never offered a 401(k), Hillman understood the benefits of having one, including its ability to help retain employees and bring in high-quality talent. The challenge was how to offer a plan that didn’t add a lot of paperwork or admin time for the Cat5 team. “We needed to offer benefits that could bring in better talent for us, but I really was scared that it was going to take me quite a bit of time because it’s so document-intensive,” said Hillman.
After thoroughly vetting options available on the market, Hillman found the Human Interest Concierge plan to be the right option for the company. “Managing a 401(k) program is very report-intensive and takes a lot of time, but with Human Interest and their employees, they've taken that burden completely off of me,” Hillman said, noting that Human Interest also helps with tasks such as Form 5500 filing, compliance testing, and plan onboarding. By taking the heavy lifting of 401(k) administration off the Cat5 team’s plate, they have more time to do what they do best: restoring power when and where it’s needed most.
“I have personally looked at a lot of different individual companies that took care of 401(k)s, and I never saw one that did as much as Human Interest does. [They] just made it so simple.”
— Cathy Hillman, Vice President of Corporate Compliance and Risk Management, Cat5 Resources
Hear how Cat5 Resources uses a Human Interest 401(k) plan to help attract and retain top talent:
Disclaimer: Human Interest solicited client for testimonial. Solicitation may make a client more likely to portray Human Interest favorably. Testimonials may not be representative of the experience of others, and past success does not guarantee future results. Read our full disclosures.
