Employers › Cathay General Bancorp
Recordkeeping fees per participant · The Cathay General Bancorp 401(k) Profit Sharing Plan · plan year 2024
$3.70
Higher than 4% of the 1,697 plans $250M to 1B that report it.
= $6,001 / 1,624
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250819110537NAL0003733632001, received 2025-08-19
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250819110537NAL0003733632001, received 2025-08-19
Percentiles compare this plan with the Schedule H plans $250M to 1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-08-19.
Administrative expenses excluding investment management, per participant
$12.93
Higher than 7% of the 2,324 plans $250M to 1B that report it.
= $21,001 / 1,624
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250819110537NAL0003733632001, received 2025-08-19
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250819110537NAL0003733632001, received 2025-08-19
Administrative expenses per participant
$210.38
Higher than 91% of the 2,405 plans $250M to 1B that report it.
= $341,660 / 1,624
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250819110537NAL0003733632001, received 2025-08-19
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250819110537NAL0003733632001, received 2025-08-19
Administrative expenses as a share of assets
0.132%
Higher than 79% of the 2,407 plans $250M to 1B that report it.
= $341,660 / $259,571,349
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250819110537NAL0003733632001, received 2025-08-19
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250819110537NAL0003733632001, received 2025-08-19
Employer contributions per participant
$2,652
Higher than 41% of the 2,457 plans $250M to 1B that report it.
= $4,306,451 / 1,624
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250819110537NAL0003733632001, received 2025-08-19
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250819110537NAL0003733632001, received 2025-08-19
Employer share of total contributions
25.1%
Higher than 30% of the 2,459 plans $250M to 1B that report it.
= $4,306,451 / $17,187,668
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250819110537NAL0003733632001, received 2025-08-19
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250819110537NAL0003733632001, received 2025-08-19
Vesting
“Effective October 1, 2022, the vesting schedule for the matching contribution is 0% for less than three years of service and 100% after three years of service.”
Form 10-K filed 2026-03-02, for the year ended 2025-12-31 · benefits note, 10-K benefits note · source document
Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · 3D IRS pre-approved plan · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250819110537NAL0003733632001, received 2025-08-19
| Field | Value | Source |
|---|---|---|
| Plan sponsor | CATHAY GENERAL BANCORP | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250819110537NAL0003733632001, received 2025-08-19 |
| Plan name | THE CATHAY GENERAL BANCORP 401(K) PROFIT SHARING PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250819110537NAL0003733632001, received 2025-08-19 |
| Sponsor EIN / plan number | 95-4274680 / 003 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250819110537NAL0003733632001, received 2025-08-19 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250819110537NAL0003733632001, received 2025-08-19 |
| Sponsor location | EL MONTE, CA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250819110537NAL0003733632001, received 2025-08-19 |
| Industry (business code) | 522110, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250819110537NAL0003733632001, received 2025-08-19 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250819110537NAL0003733632001, received 2025-08-19 |
| Filing received | 2025-08-19 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250819110537NAL0003733632001, received 2025-08-19 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250819110537NAL0003733632001, received 2025-08-19 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250819110537NAL0003733632001, received 2025-08-19 |
| Participants, beginning of year | 1,799 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250819110537NAL0003733632001, received 2025-08-19 |
| Active participants | 1,184 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250819110537NAL0003733632001, received 2025-08-19 |
| Participants, end of year | 1,786 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250819110537NAL0003733632001, received 2025-08-19 |
| Participants with an account balance | 1,624 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250819110537NAL0003733632001, received 2025-08-19 |
| Total assets, beginning of year | $228,920,403 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250819110537NAL0003733632001, received 2025-08-19 |
| Total assets, end of year | $259,571,349 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250819110537NAL0003733632001, received 2025-08-19 |
| Net assets, end of year | $259,571,349 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250819110537NAL0003733632001, received 2025-08-19 |
| Total income | $51,590,961 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250819110537NAL0003733632001, received 2025-08-19 |
| Net income | $30,650,946 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250819110537NAL0003733632001, received 2025-08-19 |
| Employer contributions | $4,306,451 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250819110537NAL0003733632001, received 2025-08-19 |
| Participant contributions | $10,874,264 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250819110537NAL0003733632001, received 2025-08-19 |
| Other contributions (incl. rollovers) | $2,006,953 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250819110537NAL0003733632001, received 2025-08-19 |
| Total contributions | $17,187,668 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250819110537NAL0003733632001, received 2025-08-19 |
| Benefit payments | $20,596,935 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250819110537NAL0003733632001, received 2025-08-19 |
| Total expenses (incl. benefit payments) | $20,940,015 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250819110537NAL0003733632001, received 2025-08-19 |
| Total administrative expenses | $341,660 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250819110537NAL0003733632001, received 2025-08-19 |
| Contract administrator fees | $8,000 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250819110537NAL0003733632001, received 2025-08-19 |
| Recordkeeping fees | $6,001 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250819110537NAL0003733632001, received 2025-08-19 |
| IQPA audit fees | $7,000 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250819110537NAL0003733632001, received 2025-08-19 |
| Investment advisory and management fees | $320,659 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250819110537NAL0003733632001, received 2025-08-19 |
| Administrative expenses excluding investment management | $21,001 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250819110537NAL0003733632001, received 2025-08-19 |
| Held in common/collective trusts | $22,110,960 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250819110537NAL0003733632001, received 2025-08-19 |
| Held in mutual funds | $235,687,382 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250819110537NAL0003733632001, received 2025-08-19 |
| Independent auditor | FARBER HASS HURLEY, LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250819110537NAL0003733632001, received 2025-08-19 |
Position = column in the DOL layout for form year 2024. Filing 20250819110537NAL0003733632001, received 2025-08-19.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| BENEFIT FINANCIAL SERVICE | NONE | 28 Investment management; 50 Direct payment from the plan | $289,728 | no |
| SCHWAB RETIREMENT PLAN SERVICES,INCrecordkeeper | NONE | 15 Recordkeeping and information management; 26 Investment advisory (participants); 50 Direct payment from the plan; 64 Recordkeeping fees | $36,782 | no |
| FARBER HASS HURLEY LLP | NONE | 10 Accounting (including auditing); 50 Direct payment from the plan | $15,000 | no |
| CHARLES SCHWAB & CO., INC. | NONE | 59 Shareholder servicing fees | $0 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250819110537NAL0003733632001, received 2025-08-19.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $228,920,403 | $259,571,349 | 13.4% |
| Participants with a balance | 1,624 | 1,624 | 0.0% |
| Administrative expenses | $168,937 | $341,660 | 102.2% |
| Recordkeeping fees per participant | $2.57 | $3.70 | 43.7% |
| Employer contributions | $4,416,651 | $4,306,451 | -2.5% |
Prior filing 20240808163546NAL0002840915001, received 2024-08-08; the plan years are contiguous.
Sponsor name as filed: CATHAY GENERAL BANCORP; SEC registrant: CATHAY GENERAL BANCORP (CIK 861842, matched by EIN; display name from the Form 10-K cover).