Companies Cathay General Bancorp

Cathay General Bancorp

Los Angeles

Total Offices: 11

1,266 Total Employees

Year Founded: 1962

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Cathay General Bancorp Compensation & Benefits

Updated on September 09, 2026

This page summarizes recurring themes identified from responses generated by popular LLMs to common candidate questions about Cathay General Bancorp and has not been reviewed or approved by Cathay General Bancorp.

How are the compensation & benefits at Cathay General Bancorp?

Strengths in healthcare breadth, retirement support, and wellbeing offerings are accompanied by challenges around compensation adequacy, progression, and out-of-pocket benefits costs. Together, these dynamics suggest a comprehensive package whose realized value depends on role demands and the cost-sharing details of selected health plans and incentives.

Key Insight for Candidates

Cathay’s premium discounts are tied to wellness participation, and its 5% 401(k) match vests only after three years. Miss those thresholds and you’ll pay more for health coverage and risk losing the match—shrinking the real value of the package.

Evidence in Action

Well‑Being Premium Incentive — The Well‑Being Program offers medical premium reductions tied to incentive participation. Employees who complete activities see lower paycheck deductions, while nonparticipants typically pay more for the same coverage.
401(k) Match Vesting — The 401(k) matches 100% of the first 5% each period, with hires on/after October 1, 2021 vesting 100% after three years. This rewards saving but creates a retention cliff, with newer employees leaving before vesting forfeiting employer‑match dollars.

Positive Themes About Cathay General Bancorp

Retirement Support: The package includes a company-matched 401(k) and financial‑wellness resources, which feedback suggests provide solid long‑term savings support. Employee banking discounts and plan tools are described as part of the total offering, reinforcing perceived value.
Healthcare Strength: Core medical, dental, and vision coverage with employer‑paid life/AD&D and long‑term disability is presented as part of a comprehensive lineup. HSAs/FSAs and prescription coverage add breadth that feedback suggests meets standard needs.
Wellbeing & Lifestyle Benefits: An incentives‑based well‑being program, EAP, and lifestyle discounts are emphasized, with external recognition underscoring the program’s design. Feedback suggests these elements enhance the overall experience despite mixed views on costs.

Considerations About Cathay General Bancorp

Poor or Misaligned Recognition & Rewards: Pay is considered modest for the workload in many roles, with compensation not fully reflecting responsibilities. Feedback suggests frontline and support functions especially feel this tradeoff.
Stagnant Pay & Limited Progression: Compensation growth is viewed as limited relative to increasing responsibilities and sustained workloads. Feedback suggests base pay progression does not reliably keep pace with role demands.
High Benefits Costs: Health plan premiums and copays are perceived as costly for some plan options. Feedback suggests fuller employer premium contributions may hinge on meeting wellness program requirements.

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These insights are generated using AI and may not reflect internal data or verified company information. They are intended solely for general informational purposes and should not be considered a definitive assessment of the company’s reputation. If you are a representative of this company, and would like this page to be removed, you may contact us via this form.