Cass Information Systems, Inc. 401(k): Principal, match 3% max
Cass Information Systems, Inc. 401(k) Plan · CASS · CIK 708781
Principal is the recordkeeper named on the Form 5500 filed for this plan, the company that keeps the account records. Where to log in, and what the filing says.
Maximum employer match, as a share of pay
3%
Cass Information Systems, Inc. matches 50% of the first 6% of pay.
From the Form 11-K filed June 29, 2026 ↗, covering the plan year ended December 31, 2025. Page data last updated July 28, 2026, when the Form 5500 bulk data was last refreshed. Why filings lag
On this page: what the employer actually paid in · the formula, word for word · when the money becomes yours · who can join · who holds your account · what the plan reports to the DOL · how it compares · what to do next
What Cass Information Systems puts in, and what the plan costs
What Cass Information Systems put into the plan, per active participant
$3,827
Cass Information Systems, Inc. put $3,827 into this plan for each of its 1,038 active participants in plan year 2024. This is the whole employer side of the plan: matching money, profit sharing, non-elective and safe-harbor contributions, and reallocated forfeitures. The Form 5500 does not separate them, so this is what the employer put in and not the match.
Cass Information Systems put in more per active participant than 56% of plans with 1,000–4,999 participants in software and IT services. The middle plan in that group of 280 reported $3,522. Software and IT services comes from business code 518210, which Cass Information Systems entered on its own Form 5500. Sponsors pick that code themselves, so a code that does not describe what the employer does ranks the plan against the wrong companies.
What this figure cannot separate: how much Cass Information Systems pays, and how much it puts in
This is dollars, not a rate. A Form 5500 carries no payroll, so the figure reflects both how much the employer puts in and how much the employer pays: two plans running the same formula report different amounts when one pays better. Crossing the peer group with industry holds most of that difference still, and none of it disappears.
This is one plan year, not an average. A true-up, a plan merger or a one-off contribution moves a single year on its own.
Source: DOL Form 5500 for the plan year ended December 31, 2024, EIN 431265338, plan 002 · DOL EFAST2 ↗
The $3,827 above is the Form 5500 figure for plan year 2024, and it counts every employer dollar on one line. Cass Information Systems, Inc. also files a Form 11-K, which states the match formula for plan year 2025: the card below reads $1,485 a year at a $49,500 salary, and the same filing states employer contributions made outside the match. That second figure is what the formula pays one worker on that salary, and not an amount either filing reports. The two figures cover different plan years and measure different things, so neither one is the other one corrected.
What Cass Information Systems puts in
$1,485
a year, at a $49,500 salary.
The match paragraph, word for word
“the Company provides a 3% discretionary contribution and matches 50% of the first 6% of employee contributions, subject to IRS limitations.”
What you contribute to collect all of it
Contribute at least 6% of your pay to collect the full match.
That is $2,970 a year at a $49,500 salary, and it scales with your own.
Vesting score
57.14 out of 100
How fast the employer’s money becomes yours. Higher than 5% of the 369 schedules we have scored.
It measures vesting speed and nothing else. It says nothing about the size of the match, what the plan charges, or the funds inside it.
Share of the employer's money that is the worker's at hire and at each of the first 6 anniversaries: 0%, 0%, 0%, 100%, 100%, 100%, 100%. The score is the average of those 7 readings.
Vesting, word for word
“Employees are 100% vested in any portion of their account resulting from their savings contributions and any rollover contributions. Employer contributions including, but not limited to, matching additional and discretionary are subject to vesting as follows: Years of service Vesting percentage Less than three —% Three or more 100%”
The wait before the match starts and the year-end true-up appear above when the filing states them. Neither is part of the score, and a filing that is silent on one of them is not a plan without it.
What the plan costs, against plans of its size
44th percentile
$75.81 per participant in plan-paid administrative cost, cheaper than 56% of plans with 1,000–4,999 participants.
What is Cass Information Systems' 401(k) match formula?
Cass Information Systems' 401(k) employer match tops out at 3% of pay. One rate up to one limit is the commonest of the four shapes a match formula takes.
| Match formula | 50% of the first 6% of pay |
|---|---|
| Maximum employer match | 3% of compensation |
| Other employer contribution | 3% discretionary contribution |
At a $60,000 salary, contributing 6% ($3,600) earns the full employer match of $1,800 for the year.
What the filing says, word for word
“the Company provides a 3% discretionary contribution and matches 50% of the first 6% of employee contributions, subject to IRS limitations.”
Source: Form 11-K filed June 29, 2026, SEC EDGAR, corroborated by the filing's inline-XBRL facts · SEC ↗
What is Cass Information Systems' 401(k) vesting schedule?
Cass Information Systems vests the employer match on a cliff schedule: nothing is yours until three years of service, then 100% at once. Leave a day early and the employer money goes back to the plan, the edge a three-year cliff creates.
| Employer match vesting | Cliff: 100% vested after 3 years of service |
|---|---|
| Your own contributions | Immediate: always 100% yours |
| Accelerated vesting | 100 percent vesting occurs if the Plan is terminated. |
| Other employer contributions | The 3 percent discretionary contribution follows the same vesting schedule as the matching contribution: 0 percent before three years of service, 100 percent at three or more years. |
Vesting, word for word
“Employees are 100% vested in any portion of their account resulting from their savings contributions and any rollover contributions. Employer contributions including, but not limited to, matching additional and discretionary are subject to vesting as follows: Years of service Vesting percentage Less than three —% Three or more 100%”
Source: Form 11-K filed June 29, 2026, SEC EDGAR · SEC ↗
Who can join Cass Information Systems' 401(k), and is enrollment automatic?
Cass Information Systems enrolls new hires automatically at 6% of pay, rising 1% a year to 10% of pay.
| Plan entry | First of the month following completion of one month of service and upon reaching age 21. |
|---|---|
| Excluded groups | Employees represented by a bargaining unit that has bargained with the Company in good faith on retirement benefits; nonresident aliens with no U.S.-source income or whose income is exempt from U.S. income tax; leased employees; and employees whose primary work location is other than a processing center maintained by the employer and whose job title includes Offsite. |
| Automatic enrollment | Yes: default deferral 6% of pay; auto-escalation +1%/yr to 10% |
Eligibility, word for word
“shall be eligible to become a participant in the Plan the first of the month following the completion of one month of service and upon reaching 21 years of age. Individuals who are ineligible to participate in the Plan consist of (a) individuals who are represented by a bargaining unit that has bargained with the Company in good faith on the subject of retirement benefits; (b) Nonresident aliens with no U.S. income or all such income is exempt from U.S. income tax; (c) leased employees; and (d)”
Automatic enrollment, word for word
“Eligible new hires are automatically enrolled for pre-tax contributions at a 6% deferral rate, with automatic annual 1% increases up to 10%, unless they elect otherwise.”
Source: Form 11-K filed June 29, 2026, SEC EDGAR · SEC ↗
Who holds your account
Schedule C of the Form 5500 filed for plan year 2024 reports Principal, filed as “PRINCIPAL LIFE INSURANCE COMPANY”. That is the company paid to keep the account records: what is in an account, what went into it, and usually the site a participant signs in to. The trustee that holds the plan’s assets can be a different company, and this filing does not name it.
5,239 plans on file name Principal as their recordkeeper. Of those, the 5,230 with a computable fee have a median plan-paid cost of $170.05 per participant.
Participants log in at Principal ↗. 401(k) Monitor is not affiliated with Principal or with any other recordkeeper, and takes nothing for this link. It is here because that is where the account is.
| Recordkeeper | Principal |
|---|---|
| Recordkeeper EIN | 420127290 |
What does the Cass Information Systems plan report on Form 5500?
The Cass Information Systems plan reported $123.5M in assets and 1,318 participants for plan year 2024.
| Total plan assets | $123,531,826 |
|---|---|
| Participants | 1,318 |
| Plan-paid admin cost per participant | $75.81 |
How that cost compares
This plan pays $75.81 per participant. The median across plans in software and IT services is $125.69, from the 2,819 of 2,956 whose Form 5500 yields a per-participant cost.
Read from the Form 5500 filing of Cass Information Systems, Inc. 401(k) Plan, which has no page of its own here.
How does Cass Information Systems' 401(k) match compare?
Cass Information Systems, Inc.'s maximum 401(k) match of 3% of pay compares with a median of 4% across the 269 companies in our data with a computable formula.
Employers worth reading next
Of the six employers below, three file in software and IT services, two report the same recordkeeper and one vests on the same schedule.
Maximum match 3% of pay. Also in software and IT services.
Maximum match 4% of pay. Also in software and IT services.
Maximum match 4% of pay. Also in software and IT services.
Maximum match 3% of pay. Same recordkeeper, Principal.
Maximum match 3% of pay. Same recordkeeper, Principal.
Maximum match 3% of pay. Same 3-year cliff as Cass Information Systems.
Compare Cass Information Systems, Inc. with any company, side by side
What can you do next?
- Read the Form 11-K on SEC EDGAR ↗
Form 11-K filed June 29, 2026, SEC EDGAR. Every match fact on this page comes from it.
- Changed jobs? Find an old 401(k) ↗
The Department of Labor's Retirement Savings Lost & Found, a free government database.
- This year's IRS contribution limits ↗
The official deferral and catch-up limits every formula operates under.
Questions this filing answers
What is Cass Information Systems, Inc.'s 401(k) match?
Cass Information Systems, Inc. matches 50% of employee contributions up to 6% of eligible pay (plan year ended December 31, 2025).
When does the Cass Information Systems, Inc. 401(k) match vest?
Cliff: 100% vested after 3 years of service.
Does Cass Information Systems, Inc.'s 401(k) plan have automatic enrollment?
Yes: default deferral 6% of pay; auto-escalation +1%/yr to 10%.
Who is the recordkeeper for Cass Information Systems, Inc.'s 401(k)?
Principal is named as the recordkeeper on the Form 5500 filed for Cass Information Systems, Inc. 401(k) Plan for plan year 2024. That is the company paid to keep the account records: what is in an account, what went into it, and usually the site a participant signs in to.
Source
The match formula, the vesting schedule and the enrollment rules on this page were read from one document: the Form 11-K annual report that Cass Information Systems, Inc. filed with the US Securities and Exchange Commission for the plan year ended December 31, 2025. Each of those fields carries the filing sentence it was read from, expandable where the field appears. Nothing on this page was supplied by the employer to this site.
The plan assets, the participant counts, the plan-paid fees and the recordkeeper come from a different document, the plan’s DOL Form 5500 annual return, and the section that reports them links it. Comparisons with other employers are computed across the filings named in the section they appear in.
Read the filing on SEC EDGAR ↗
| Document | Form 11-K annual report |
|---|---|
| Filed with | US Securities and Exchange Commission (EDGAR) |
| Filed by | Cass Information Systems, Inc. |
| SEC CIK | 708781 |
| Accession number | 0000708781-26-000026 |
| Plan | Cass Information Systems, Inc. 401(k) Plan |
| Period of report | December 31, 2025 |
| Filed | June 29, 2026 |
401(k) Monitor is not affiliated with Cass Information Systems, Inc., with the Securities and Exchange Commission or with this plan’s recordkeeper, and publishes this page without their involvement. It republishes a public filing and says where it came from.
Cite this page
401(k) Monitor, “Cass Information Systems, Inc. 401(k) plan facts”, from SEC Form 11-K accession 0000708781-26-000026, plan year ended December 31, 2025.
