Cass Information Systems, Inc. 401(k) Review & Grade
Cass Information Systems, Inc. 401(k) Plan
ST. Louis, MOInformation1,062 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,740Employer $ per active participant
$6,237Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$123.5MNet plan assets, end of year
$102,092Average balance per account
Score breakdown
- Employer generosity32.7 / 5065th percentile for employer $ per participant
- Low cost19.3 / 2577th percentile for low admin cost vs. same-size plans
- Employee saving4.8 / 1532th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score67 / 100 · Grade B
This plan vs. peers
Peers: Information plans with 500–2,499 active participants (310 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 65th |
| Lower admin cost | 77th |
| Employee saving | 32th |
| Peers that auto-enroll | 59% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Cass Information Systems put in about $3,740 per active participant, more than the typical peer ($2,829). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $3,972,358 |
| Participant (employee) contributions | $6,623,471 |
| Other contributions (incl. rollovers in) | $7,281,812 |
| Administrative expenses paid from the plan | $99,911 |
| Contract administrator fees | $99,911 |
| Benefits paid out | $15,302,285 |
| Net assets, start / end of year | $106.6M / $123.5M |
| Active participants, start / end of year | 1,086 / 1,038 |
| Participants with account balances | 1,210 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Lbmc, PC |
| Employer stock held by plan | $720,645 |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $99,910 reported compensation |
| Wilshire Advisors LLC | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250728140213NAL0002150609001, received 2025-07-28, EIN 43-1265338, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.