Employer · plans filed under one EIN
Cullen/frost Bankers, Inc.
San Antonio, TX · Finance and insurance
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances.
Cullen/frost Bankers, Inc., based in San Antonio, Texas, sponsors 2 retirement plans with 100 or more participants: 1 defined contribution and 1 defined benefit. Together they reported 9,492 participant records and $1.38B in net assets.
The largest is The 401(k) Stock Purchase Plan for Employees of Cullen/frost Bankers, Inc. and Its Affiliates, an ESOP with a 401(k) feature with 7,179 participants. A person can be counted in more than one plan, so the participant total is a count of records rather than of people.
Employer contributions across the plans were $30.1M and participant contributions $41.9M in the latest plan years; benefits paid were $108M. Schedule C compensation reported to service provider organisations totalled $1.4M.
Combined net assets moved from $445M in 2009 to $1.38B in 2024 (up 211%). Plan mergers and spin-offs show up here as steps in the series.
Plans
| Plan | Kind | Plan year | Participants | Net assets | Per participant | Employer / active | Sch. C compensation |
|---|---|---|---|---|---|---|---|
| The 401(k) Stock Purchase Plan for Employees of Cullen/frost Bankers, Inc. and Its Affiliates | ESOP with a 401(k) feature | 2024 | 7,179 | $1.21B | $169,154 | $5,033 | $538K |
| Retirement Plan for Employees of Cullen/frost Bankers, Inc. & Its Affiliates | defined benefit pension plan | 2024 | 2,313 | $170M | $73,324 | — | $851K |
| US median, plan year 2024: DC plans $53,102 per participant, $2,175 employer contribution per active participant; DB plans $86,221 and $10,244. | |||||||
Trend by plan year
| Plan year | Plans | Participant records | Net assets | Employer contributions | Participant contributions |
|---|---|---|---|---|---|
| 2024 | 2 | 9,492 | $1.38B | $30.1M | $41.9M |
| 2023 | 2 | 9,125 | $1.21B | $31.9M | $37.2M |
| 2022 | 2 | 8,637 | $1.14B | $27.7M | $31.9M |
| 2021 | 2 | 8,280 | $1.32B | $18.9M | $26.7M |
| 2020 | 2 | 8,230 | $1.14B | $30.3M | $26.0M |
| 2019 | 2 | 8,140 | $1.07B | $28.4M | $23.0M |
| 2018 | 2 | 7,391 | $929M | $15.0M | $21.0M |
| 2017 | 2 | 7,551 | $843M | $14.3M | $20.1M |
| 2016 | 2 | 7,669 | $770M | $13.6M | $19.1M |
| 2015 | 2 | 8,023 | $653M | $12.8M | $18.2M |
| 2014 | 2 | 8,001 | $681M | $12.7M | $17.9M |
| 2013 | 2 | 7,873 | $672M | $11.1M | $15.5M |
| 2012 | 2 | 7,779 | $541M | $11.2M | $15.7M |
| 2011 | 2 | 7,738 | $495M | $14.7M | $13.9M |
| 2010 | 2 | 7,759 | $522M | $9.7M | $13.5M |
| 2009 | 2 | 8,371 | $445M | $9.7M | $13.4M |
History of the plans listed above, in the years each filed the full Form 5500 with 100 or more participants. Plans that have since terminated are not included.
Service providers
| Organisation | Services reported | Plans | Compensation reported |
|---|---|---|---|
| Frost Bank | Trustee (bank, trust company, or similar financial institution); Trustee (discretionary) | 1 | $518,299 |
| Fidelity Investments Institutional | Participant loan processing | 1 | $471,256 |
| Aon Consulting, Inc. | Consulting (general); Actuarial; Recordkeeping and information management; Consulting (pension) | 2 | $296,935 |
| Strategic Advisors, Inc. | Investment advisory (plan) | 1 | $57,295 |
| Ernst & Young LLP | Accounting (including auditing) | 1 | $45,300 |
Organisations paid $5,000 or more by any of these plans, from Schedule C. Individuals are not shown.
Questions and answers
How many retirement plans does Cullen/frost Bankers, Inc. have?
2 plans with 100 or more participants filed Form 5500 under its employer identification number for the latest plan years: The 401(k) Stock Purchase Plan for Employees of Cullen/frost Bankers, Inc. and Its Affiliates and Retirement Plan for Employees of Cullen/frost Bankers, Inc. & Its Affiliates. Smaller plans and plans filed under a subsidiary's number are not grouped here.
How much does Cullen/frost Bankers, Inc. contribute to its plans?
$30,092,879 in employer contributions across these plans in their latest plan years, about $4,659 per active participant record. Form 5500 reports totals and not the match or accrual formula.
Who provides services to these plans?
Schedule C filings name Frost Bank, Fidelity Investments Institutional, Aon Consulting, Inc. and Strategic Advisors, Inc. and others. Only organisations paid $5,000 or more by a plan are listed on Schedule C.
Where does this come from?
Form 5500 annual reports filed with the Department of Labor's EFAST2 system, from the EBSA research files, with filings received through 24 Aug 2026. Figures are as filed and may be amended.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Plans are grouped by the sponsor's employer identification number exactly as filed; a company that files under several EINs appears as several employers. See the methodology and corrections.