Defined Benefit (Pension) · DOL Form 5500 · 2023

Cullen/Frost Bankers, Inc. Pension Plan

Data updated 2026-08-25

$175M
Total assets Near avg plan size
592
Participants Below avg headcount
94th
Percentile by assets National rank
$294,880
Avg per participant High balance/head
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Official DOL plan name: Retirement Plan for Employees of Cullen/Frost Bankers, Inc. & Its Affiliates · Sponsored by Cullen/Frost Bankers, Inc. · Texas · Finance & Insurance

$175M in assets, 592 participants

Cullen/Frost Bankers, Inc.'s Retirement Plan for Employees of Cullen/Frost Bankers, Inc. & Its Affiliates reported $175M in total assets and 592 participants in its 2023 DOL Form 5500 filing, ranking in the 94th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #8,053 in Finance & Insurance (8,869 peers)

Where Retirement Plan for Employees of Cullen/Frost Bankers, Inc. & Its Affiliates sits by assets

Retirement Plan for Employees of Cullen/Frost Bankers, Inc. & Its Affiliates sits in the top 10% of all filed plans by assets, $175M for 592 participants (~$294,880/participant), up 10.3% in 2023.

#8,053
in Finance & Insurance (8,869 peers)
+10.3%
assets growth YoY
1.8×
vs typical plan assets (national mean)

Retirement Plan for Employees of Cullen/Frost Bankers, Inc. & Its Affiliates's outsized position by total assets

Retirement Plan for Employees of Cullen/Frost Bankers, Inc. & Its Affiliates vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$174,569,120 Top 6% higher than 94% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Retirement Plan for Employees of Cullen/Frost Bankers, Inc. & Its Affiliates among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Retirement Plan for Employees of Cullen/Frost Bankers, Inc. & Its Affiliates sits mid-pack in the medium band (592 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Retirement Plan for Employees of Cullen/Frost Bankers, Inc. & Its Affiliates reported net income rose from -$40M in the plan year 2022 filing to $16M in the plan year 2023 filing.
  • Retirement Plan for Employees of Cullen/Frost Bankers, Inc. & Its Affiliates end-of-year assets rose from $158M in the plan year 2022 filing to $175M in the plan year 2023 filing.
  • Retirement Plan for Employees of Cullen/Frost Bankers, Inc. & Its Affiliates reported participants fell from 656 in the plan year 2022 filing to 592 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 741751768 · Cullen/Frost Bankers, Inc. PY 2023 · Defined Benefit (Pension)

Retirement Plan for Employees of Cullen/Frost Bankers, Inc. & Its Affiliates · $175M · 592 · 94th

  • EOY $175M
  • 5500 592
  • ASSETS 94th
  • PCT Defined Benefit (Pension)
  • EIN near Madison Gas and Electric Company Retirement Plan for Bargaining Employees
  • RANK ind #8053

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in Texas →

Retirement Plan for Employees of Cullen/Frost Bankers, Inc. & Its Affiliates in the asset neighbourhood

Magellan Pension Plan$175MPension Plan for Employees of Central Service AssociationPension Plan for Employees o…$175MRetirement Plan for Employees of Cullen/Frost Bankers, Inc. & Its AffiliatesRetirement Plan for Employee…$175MMadison Gas and Electric Company Retirement Plan for Bargaining EmployeesMadison Gas and Electric Com…$174MSan Mateo Hotel Employees & Restaurant Employees Pension FundSan Mateo Hotel Employees & …$174M
End-of-year total assets ($M) among Retirement Plan for Employees of Cullen/Frost Bankers, Inc. & Its Affiliates and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$158M
Net Assets (End of Year)$174M
Net Income$16M
Employer EIN741751768
Plan Effective Date1986-12-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Cullen/Frost Bankers, Inc.)

Sponsor-wide plan assets over time

All Cullen/Frost Bankers, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$1.4B 21.184736104452774% vs 2022
2024 filing year
$1.1B$1.2B$1.3B$1.4B$1.5B 202220232024 $1.14B $1.38B ▲ +21.1%
Year Plans Participants Total Assets
2022 2 5,240 $1.1B
2023 2 5,598 $1.2B
2024 2 6,097 $1.4B

Nearby Defined Benefit (Pension) Plans in Texas

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Retirement Plan for Employees of Cullen/Frost Bankers, Inc. & Its Affiliates vs. nearby Defined Benefit (Pension) plans in Texas, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -10010203040 Total assets ($B) Participants Retirement Plan for Employees of Cullen/Frost Bankers, Inc. & Its Affiliates, Total assets ($B): 0.17456912 · Participants: 592Retirement Plan for Employees of Cullen/Frost Bankers, Inc. & Its AffiliatesAT&T Pension Benefit Plan, Total assets ($B): 30.018512 · Participants: 107859AT&T Pension Benefit PlanShell Pension Plan, Total assets ($B): 15.133347097 · Participants: 12215Shell Pension PlanExxonmobil Pension Plan, Total assets ($B): 12.015 · Participants: 22551Exxonmobil Pension PlanCaterpillar Inc. Retirement Income Plan, Total assets ($B): 9.803014695 · Participants: 12138Caterpillar Inc. Retirement Income PlanBp Retirement Accumulation Plan, Total assets ($B): 5.493677099 · Participants: 9360Bp Retirement Accumulation Plan
Retirement Plan for Employees of Cullen/Frost Bankers, Inc. & Its Affiliates vs. nearby Defined Benefit (Pension) plans in Texas, assets vs. participants
Compare Retirement Plan for Employees of Cullen/Frost Bankers, Inc. & Its Affiliates side-by-side with 3 peers →

Retirement Plan for Employees of Cullen/Frost Bankers, Inc. & Its Affiliates's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Texas, the nearest Defined Benefit (Pension) by assets is Madison Gas and Electric Company Retirement Plan for Bargaining Employees in WI ($174M); by covered participants it is Flint Hills Resources Pension Plan in KS (592 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (592 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Retirement Plan for Employees of Cullen/Frost Bankers, Inc. & Its Affiliates assets move in 2023? ▼
Retirement Plan for Employees of Cullen/Frost Bankers, Inc. & Its Affiliates grew at a solid clip - up 10.3% during 2023, from $158M to $175M. Reported net income was $16M.
How have Cullen/Frost Bankers, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Cullen/Frost Bankers, Inc.'s sponsor-wide assets grew 21.2%, from $1.1B to $1.4B.
Where does Retirement Plan for Employees of Cullen/Frost Bankers, Inc. & Its Affiliates rank by assets among Form 5500 filers? ▼
Retirement Plan for Employees of Cullen/Frost Bankers, Inc. & Its Affiliates ranks in the 94th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Retirement Plan for Employees of Cullen/Frost Bankers, Inc. & Its Affiliates? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Madison Gas and Electric Company Retirement Plan for Bargaining Employees in WI ($174M, 98 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Retirement Plan for Employees of Cullen/Frost Bankers, Inc. & Its Affiliates? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Flint Hills Resources Pension Plan in KS (592 participants, $73M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 741751768.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.