Central Pacific Financial Corp 401(k): Vanguard, match 4% max
Central Pacific Bank 401(k) Retirement Savings Plan · CPF · CIK 701347
Vanguard 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
4%
Central Pacific Financial Corp matches 100% (dollar-for-dollar) of the first 4% of pay.
From the Form 11-K filed June 25, 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 Central Pacific Financial puts in, and what the plan costs
What Central Pacific Financial put into the plan, per active participant
$3,469
Central Pacific Financial Corp put $3,469 into this plan for each of its 670 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.
Central Pacific Financial put in more per active participant than 52% of plans with 1,000–4,999 participants at banks and lenders. The middle plan in that group of 245 reported $3,422. Banks and lenders comes from business code 522110, which Central Pacific Financial 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 Central Pacific Financial 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 990212597, plan 003 · DOL EFAST2 ↗
The $3,469 above is the Form 5500 figure for plan year 2024, and it counts every employer dollar on one line. Central Pacific Financial Corp also files a Form 11-K, which states the match formula for plan year 2025: the card below reads $1,980 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 Central Pacific Financial puts in
$1,980
a year, at a $49,500 salary.
The match paragraph, word for word
“The Bank makes matching contributions to the Plan equal to 100% of eligible participants' elective deferrals, up to 4% of eligible compensation (the "Base Matching Contribution").”
What you contribute to collect all of it
Contribute at least 4% of your pay to collect the full match.
That is $1,980 a year at a $49,500 salary, and it scales with your own.
Vesting score
100 out of 100
How fast the employer’s money becomes yours. Higher than 48% 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: 100%, 100%, 100%, 100%, 100%, 100%, 100%. The score is the average of those 7 readings.
Vesting, word for word
“Participant contributions and related earnings, as well as Base Matching Contributions, are immediately vested. Excess Matching Contributions and discretionary profit-sharing and ESOP contributions vest based on years of service at a rate of 20% per year.”
A worker hired today collects no match for 6 months. This is a filed term, and it does not move the score above.
Eligibility, word for word
“Employees may begin making elective deferrals on the first day of the calendar month following the completion of one hour of service and are classified as Elective Deferral Participants. Employees become 401(k) Participants after six months of service and are eligible to receive base matching contributions.”
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
36th percentile
$63.32 per participant in plan-paid administrative cost, cheaper than 64% of plans with 1,000–4,999 participants.
What is Central Pacific Financial's 401(k) match formula?
Central Pacific Financial's 401(k) employer match tops out at 4% of pay. One rate up to one limit is the commonest of the four shapes a match formula takes.
| Match formula | 100% (dollar-for-dollar) of the first 4% of pay |
|---|---|
| Maximum employer match | 4% of compensation |
| Other employer contribution | Excess Matching Contributions: additional discretionary matching contributions the Bank may make on top of the Base Matching Contribution; none were made in 2025 |
| Other employer contribution | Profit sharing contributions: discretionary, at the Bank's board's discretion, not to exceed 25% of eligible compensation for the plan year; none were made in 2025 |
| Other employer contribution | ESOP contributions: discretionary contributions in the form of Company stock; none were made in 2025 |
At a $90,000 salary, contributing 4% ($3,600) earns the full employer match of $3,600 for the year.
What the filing says, word for word
“The Bank makes matching contributions to the Plan equal to 100% of eligible participants' elective deferrals, up to 4% of eligible compensation (the "Base Matching Contribution").”
Source: Form 11-K filed June 25, 2026, SEC EDGAR, corroborated by the filing's inline-XBRL facts · SEC ↗
What is Central Pacific Financial's 401(k) vesting schedule?
Central Pacific Financial vests the employer match immediately: 100% is yours as soon as it is paid in. Nothing is forfeited when you leave, which is not true of the two schedules that vest over time.
| Employer match vesting | Immediate: employer match is 100% vested when contributed |
|---|---|
| Your own contributions | Immediate: always 100% yours |
| Accelerated vesting | In the event of Plan termination, participants would become 100% vested in their employer contributions. |
| Other employer contributions | Excess Matching Contributions and discretionary profit-sharing and ESOP contributions vest based on years of service at a rate of 20% per year. |
Vesting, word for word
“Participant contributions and related earnings, as well as Base Matching Contributions, are immediately vested. Excess Matching Contributions and discretionary profit-sharing and ESOP contributions vest based on years of service at a rate of 20% per year.”
Source: Form 11-K filed June 25, 2026, SEC EDGAR · SEC ↗
Who can join Central Pacific Financial's 401(k), and is enrollment automatic?
Central Pacific Financial enrolls new hires automatically at 4% of pay, rising 1% a year to 15% of pay.
| Plan entry | Employees may begin making elective deferrals on the first day of the calendar month following the completion of one hour of service and are classified as Elective Deferral Participants. |
|---|---|
| Match eligibility | Employees become 401(k) Participants after six months of service and are eligible to receive base matching contributions. |
| Automatic enrollment | Yes: default deferral 4% of pay; auto-escalation +1%/yr to 15%; default investment: default age-appropriate Target Retirement Fund |
Eligibility, word for word
“Employees may begin making elective deferrals on the first day of the calendar month following the completion of one hour of service and are classified as Elective Deferral Participants. Employees become 401(k) Participants after six months of service and are eligible to receive base matching contributions.”
Automatic enrollment, word for word
“The Plan includes an automatic contribution arrangement ("auto-enrollment"), under which newly eligible Plan participants are automatically enrolled at a 4% pre-tax contribution rate and invested in a default age-appropriate Target Retirement Fund, unless they affirmatively elect otherwise. The 4% contribution rate is designed to enable participants to receive the maximum Company matching contribution. Participants may change their contribution rate and investment elections at any time. The Plan also provides an auto-escalation feature ("auto-increase"), under which eligible participants' pre-tax contribution rates are increased by 1% annually, up to a maximum of 15%, unless the participant has elected to opt out.”
Source: Form 11-K filed June 25, 2026, SEC EDGAR · SEC ↗
Who holds your account
Schedule C of the Form 5500 filed for plan year 2024 reports Vanguard, filed as “THE VANGUARD GROUP, INC.”. 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.
2,337 plans on file name Vanguard as their recordkeeper. Of those, the 2,333 with a computable fee have a median plan-paid cost of $97.87 per participant.
Participants log in at Vanguard ↗. 401(k) Monitor is not affiliated with Vanguard or with any other recordkeeper, and takes nothing for this link. It is here because that is where the account is.
| Recordkeeper | Vanguard |
|---|---|
| Recordkeeper EIN | 231945930 |
What does the Central Pacific Financial plan report on Form 5500?
The Central Pacific Financial plan reported $188.3M in assets and 1,329 participants for plan year 2024.
| Total plan assets | $188,279,364 |
|---|---|
| Participants | 1,329 |
| Plan-paid admin cost per participant | $63.32 |
How that cost compares
This plan pays $63.32 per participant. The median across plans at banks and lenders is $152.83, from the 2,143 of 2,264 whose Form 5500 yields a per-participant cost.
Read from the Form 5500 filing of Central Pacific Bank 401(k) Retirement Savings Plan, which has no page of its own here.
How does Central Pacific Financial's 401(k) match compare?
Central Pacific Financial Corp's maximum 401(k) match of 4% 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 at banks and lenders, two report the same recordkeeper and one vests on the same schedule.
Maximum match 4% of pay. Also at banks and lenders.
Maximum match 4% of pay. Also at banks and lenders.
Maximum match 4% of pay. Also at banks and lenders.
Maximum match 4% of pay. Same recordkeeper, Vanguard.
Maximum match 4% of pay. Same recordkeeper, Vanguard.
Maximum match 4% of pay. Vests immediately too, like Central Pacific Financial.
Compare Central Pacific Financial Corp with any company, side by side
What can you do next?
- Read the Form 11-K on SEC EDGAR ↗
Form 11-K filed June 25, 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 Central Pacific Financial Corp's 401(k) match?
Central Pacific Financial Corp matches 100% of employee contributions up to 4% of eligible pay (plan year ended December 31, 2025).
When does the Central Pacific Financial Corp 401(k) match vest?
Immediate: employer match is 100% vested when contributed.
Does Central Pacific Financial Corp's 401(k) plan have automatic enrollment?
Yes: default deferral 4% of pay; auto-escalation +1%/yr to 15%; default investment: default age-appropriate Target Retirement Fund.
Who is the recordkeeper for Central Pacific Financial Corp's 401(k)?
Vanguard is named as the recordkeeper on the Form 5500 filed for Central Pacific Bank 401(k) Retirement Savings 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 Central Pacific Financial Corp 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 | Central Pacific Financial Corp |
| SEC CIK | 701347 |
| Accession number | 0000701347-26-000058 |
| Plan | Central Pacific Bank 401(k) Retirement Savings Plan |
| Period of report | December 31, 2025 |
| Filed | June 25, 2026 |
401(k) Monitor is not affiliated with Central Pacific Financial Corp, 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, “Central Pacific Financial Corp 401(k) plan facts”, from SEC Form 11-K accession 0000701347-26-000058, plan year ended December 31, 2025.
