Employers › Cullen/frost Bankers
Recordkeeping fees per participant · The 401(k) Stock Purchase Plan for Employees of Cullen/frost Bankers, Inc. and Its Affiliates · plan year 2024
$67.25
Higher than 94% of the 790 plans over $1B that report it.
= $468,538 / 6,967
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250722173822NAL0003117713001, received 2025-07-22
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250722173822NAL0003117713001, received 2025-07-22
Percentiles compare this plan with the Schedule H plans over $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 2025-07-22.
Administrative expenses excluding investment management, per participant
$69.18
Higher than 79% of the 1,045 plans over $1B that report it.
= $481,971 / 6,967
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250722173822NAL0003117713001, received 2025-07-22
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250722173822NAL0003117713001, received 2025-07-22
Administrative expenses per participant
$77.40
Higher than 57% of the 1,076 plans over $1B that report it.
= $539,266 / 6,967
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250722173822NAL0003117713001, received 2025-07-22
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250722173822NAL0003117713001, received 2025-07-22
Administrative expenses as a share of assets
0.044%
Higher than 48% of the 1,076 plans over $1B that report it.
= $539,266 / $1,214,356,557
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250722173822NAL0003117713001, received 2025-07-22
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250722173822NAL0003117713001, received 2025-07-22
Employer contributions per participant
$4,319
Higher than 59% of the 1,135 plans over $1B that report it.
= $30,092,879 / 6,967
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250722173822NAL0003117713001, received 2025-07-22
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250722173822NAL0003117713001, received 2025-07-22
Employer share of total contributions
38.5%
Higher than 70% of the 1,135 plans over $1B that report it.
= $30,092,879 / $78,237,214
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250722173822NAL0003117713001, received 2025-07-22
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250722173822NAL0003117713001, received 2025-07-22
Automatic enrollment
“With respect to 401(k) contributions, newly hired eligible employees are automatically enrolled at a specified deferral rate (currently 7% of compensation), which is contributed to the Plan on their behalf.”
Form 11-K filed 2026-06-26, for the year ended 2025-12-31 · plan description note, general · source document
Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.
2H partially participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2O ESOP-related feature · 2T default investment (QDIA) · 3H controlled-group sponsor · 2F ERISA 404(c) plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250722173822NAL0003117713001, received 2025-07-22
| Field | Value | Source |
|---|---|---|
| Plan sponsor | CULLEN/FROST BANKERS, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250722173822NAL0003117713001, received 2025-07-22 |
| Plan name | THE 401(K) STOCK PURCHASE PLAN FOR EMPLOYEES OF CULLEN/FROST BANKERS, INC. AND ITS AFFILIATES | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250722173822NAL0003117713001, received 2025-07-22 |
| Sponsor EIN / plan number | 74-1751768 / 003 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250722173822NAL0003117713001, received 2025-07-22 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250722173822NAL0003117713001, received 2025-07-22 |
| Sponsor location | SAN ANTONIO, TX | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250722173822NAL0003117713001, received 2025-07-22 |
| Industry (business code) | 522110, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250722173822NAL0003117713001, received 2025-07-22 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250722173822NAL0003117713001, received 2025-07-22 |
| Filing received | 2025-07-22 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250722173822NAL0003117713001, received 2025-07-22 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250722173822NAL0003117713001, received 2025-07-22 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250722173822NAL0003117713001, received 2025-07-22 |
| Participants, beginning of year | 6,747 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250722173822NAL0003117713001, received 2025-07-22 |
| Active participants | 5,979 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250722173822NAL0003117713001, received 2025-07-22 |
| Participants, end of year | 7,179 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250722173822NAL0003117713001, received 2025-07-22 |
| Participants with an account balance | 6,967 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250722173822NAL0003117713001, received 2025-07-22 |
| Total assets, beginning of year | $1,039,296,960 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250722173822NAL0003117713001, received 2025-07-22 |
| Total assets, end of year | $1,214,356,557 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250722173822NAL0003117713001, received 2025-07-22 |
| Net assets, end of year | $1,214,356,557 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250722173822NAL0003117713001, received 2025-07-22 |
| Total income | $273,930,796 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250722173822NAL0003117713001, received 2025-07-22 |
| Net income | $175,059,597 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250722173822NAL0003117713001, received 2025-07-22 |
| Employer contributions | $30,092,879 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250722173822NAL0003117713001, received 2025-07-22 |
| Participant contributions | $41,862,886 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250722173822NAL0003117713001, received 2025-07-22 |
| Other contributions (incl. rollovers) | $6,281,449 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250722173822NAL0003117713001, received 2025-07-22 |
| Total contributions | $78,237,214 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250722173822NAL0003117713001, received 2025-07-22 |
| Benefit payments | $98,292,225 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250722173822NAL0003117713001, received 2025-07-22 |
| Total expenses (incl. benefit payments) | $98,871,199 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250722173822NAL0003117713001, received 2025-07-22 |
| Total administrative expenses | $539,266 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250722173822NAL0003117713001, received 2025-07-22 |
| Contract administrator fees | $3,600 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250722173822NAL0003117713001, received 2025-07-22 |
| Recordkeeping fees | $468,538 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250722173822NAL0003117713001, received 2025-07-22 |
| IQPA audit fees | $0 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250722173822NAL0003117713001, received 2025-07-22 |
| Investment advisory and management fees | $57,295 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250722173822NAL0003117713001, received 2025-07-22 |
| Administrative expenses excluding investment management | $481,971 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250722173822NAL0003117713001, received 2025-07-22 |
| Held in master trusts | $0 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20250722173822NAL0003117713001, received 2025-07-22 |
| Held in common/collective trusts | $0 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250722173822NAL0003117713001, received 2025-07-22 |
| Held in mutual funds | $756,344,121 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250722173822NAL0003117713001, received 2025-07-22 |
| Independent auditor | ERNST & YOUNG | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250722173822NAL0003117713001, received 2025-07-22 |
Position = column in the DOL layout for form year 2024. Filing 20250722173822NAL0003117713001, received 2025-07-22.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONALrecordkeeper | RECORDKEEPER | 37 Participant loan processing; 60 Sub-transfer agency fees; 64 Recordkeeping fees; 65 Account maintenance fees; 71 Securities brokerage commissions and fees | $471,256 | yes |
| STRATEGIC ADVISORS, INC. | ADVISOR | 27 Investment advisory (plan) | $57,295 | no |
| AON CONSULTING, INC. | PLAN SPONSOR | 16 Consulting (general) | $9,833 | no |
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 20250722173822NAL0003117713001, received 2025-07-22.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $1,039,296,960 | $1,214,356,557 | 16.8% |
| Participants with a balance | 6,575 | 6,967 | 6.0% |
| Administrative expenses | $299,948 | $539,266 | 79.8% |
| Recordkeeping fees per participant | $40.11 | $67.25 | 67.7% |
| Employer contributions | $31,905,433 | $30,092,879 | -5.7% |
Prior filing 20240719114956NAL0006782929001, received 2024-07-19; the plan years are contiguous.
Sponsor name as filed: CULLEN/FROST BANKERS, INC.; SEC registrant: CULLEN/FROST BANKERS, INC. (CIK 39263, matched by EIN; display name from the Form 11-K cover).