
Case Study: Parish Capital
Keeping benefits plans in sync with business growth
Parish Capital gives institutional investors exposure to emerging funds that are capable of delivering top tier returns in the elusive private equity market. With a history of managing and overseeing billions of dollars of private equity, company founders have positioned Parish Capital as a truly unique investment firm. The many accomplishments of this research-driven and service-centered organization are largely attributed to the talent and expertise of its staff. Therefore, maintaining their competitive advantage requires Parish Capital to attract and retain the same high-quality, knowledgeable employees that have contributed to the firm's early and sustained success.
In a competitive job market, where financial experts can afford to be particular in their career choices, firms like Parish Capital are challenged to stand above the crowd. With this in mind, the firm's founders partnered with RPG Benefits Solutions from the beginning to design and negotiate an employee benefits program that gets noticed by the industry's best and brightest.
From the firm's inception, RPG Benefits Solutions has consulted with Parish Capital's three founders to develop a benefits plan that supported the firm's agile business and responded to the partners' specific business insurance needs. RPG dedicated the time to understand Parish Capital's short and long-term goals, and then established a plan to provide coverage for the founders and lay the foundation for supporting future growth through additional employees. This program proved to be effective as the business continued to grow. However, when Parish Capital reached more than 10 employees in January of 2005, RPG Benefits recognized an opportunity to revaluate the current program to improve cost savings and benefits value for the company and its staff.
RPG did a full appraisal of the Parish Capital program to take advantage of better contract provisions offered in the '10+' employee market and in doing so, approached multiple carriers to find the best available plan offering. As a third-party, unbiased representative, RPG successfully renegotiated the company's line of ancillary benefits including dental and disability insurance, resulting in a significant decrease in costs for the firm and an increase in coverage quality for its employees.
"From day one, RPG has remained committed to meeting our budgetary needs while understanding and aligning our benefits with our business plan," explained Bonnie McCullough, chief financial officer for Parish Capital. "As a result of this commitment, RPG has always delivered a comprehensive and compelling benefits package throughout every state of our growth that enables us to attract and reward the highest caliber of talent in the market. We believe that our employees and our industry expertise are the strength of our business. RPG not only appreciates this as our philosophy, but embodies this approach in its own corporate culture. It is truly refreshing to find a like-minded partner who values a 'service first' mentality."
RPG Benefits Solutions is a benefits consulting and brokerage firm that caters to the needs of small and mid-sized organizations but has the depth and breadth to serve companies of any size. Founded on the belief that companies should expect more from their independent benefits consultant, RPG provides expertise in insurance and human resources, specializing in executive and employee benefits. The firm is committed to providing a high level of customer service and reinvests a significant percentage of its revenue into programs and services to support its growing list of clients. For more information about RPG Benefits Solutions, visit www.rpgbenefits.com.

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