401(k) · DOL Form 5500 · 2023

Cato Corporation 401(k) Plan

Data updated 2026-08-25

$71M
Total assets Below avg plan size
2,737
Participants Above avg headcount
89th
Percentile by assets National rank
$25,759
Avg per participant Low balance/head
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Official DOL plan name: The Cato Corporation 401(k)/Profit Sharing Plan · Sponsored by Cato Corporation · North Carolina · Retail Trade

$71M in assets, 2,737 participants

Cato Corporation's The Cato Corporation 401(k)/Profit Sharing Plan reported $71M in total assets and 2,737 participants in its 2023 DOL Form 5500 filing, ranking in the 89th 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.

  • #7,887 in Retail Trade (8,414 peers)

Coverage in North Carolina

The Cato Corporation 401(k)/Profit Sharing Plan covers 2,737 participants in North Carolina, 3.3x the typical North Carolina plan (state average ~819 per filing). Assets: $71M.

#7,887
in Retail Trade (8,414 peers)
+12.1%
assets growth YoY
0.7×
vs typical plan assets (national mean)

The Cato Corporation 401(k)/Profit Sharing Plan's outsized position by total assets

The Cato Corporation 401(k)/Profit Sharing Plan vs every filed plan by assets

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

$70,501,860 Top 11% higher than 89% 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

The Cato Corporation 401(k)/Profit Sharing Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. The Cato Corporation 401(k)/Profit Sharing Plan lands in the large band (2,737 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • The Cato Corporation 401(k)/Profit Sharing Plan reported net income rose from -$15M in the plan year 2022 filing to $8M in the plan year 2023 filing.
  • The Cato Corporation 401(k)/Profit Sharing Plan end-of-year assets rose from $63M in the plan year 2022 filing to $71M in the plan year 2023 filing.
  • The Cato Corporation 401(k)/Profit Sharing Plan reported participants fell from 2,817 in the plan year 2022 filing to 2,737 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 560484485 · Cato Corporation PY 2023 · 401(k)

The Cato Corporation 401(k)/Profit Sharing Plan · $71M · 2,737 · 89th

  • BOOK $71M
  • BOOK 2,737
  • BOOK 89th
  • BOOK 401(k)
  • BOOK near Gusmer Enterprises Inc. Employees 401(k) Savings and Profit Sharing Retirement Plan
  • BOOK ind #7887

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 Retail Trade retirement plans → · Plans in North Carolina →

The Cato Corporation 401(k)/Profit Sharing Plan in the asset neighbourhood

Clinical Pathology Associates Profit Sharing Plan and TrustClinical Pathology Associate…$71MThe Cato Corporation 401(k)/Profit Sharing PlanThe Cato Corporation 401(k)/…$71MGusmer Enterprises Inc. Employees 401(k) Savings and Profit Sharing Retirement PlanGusmer Enterprises Inc. Empl…$71MSk Hynix America 401(k) Plan$70MAssociates in Nephrology, S.C. 401(k) PlanAssociates in Nephrology, S.…$70M
End-of-year total assets ($M) among The Cato Corporation 401(k)/Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

North Carolina filing particulars

Total Assets (Beginning of Year)$63M
Net Assets (End of Year)$71M
Net Income$8M
Employer EIN560484485
Plan Effective Date1984-01-28
Filing StatusFILING RECEIVED

Sponsor Plan History (Cato Corporation)

Sponsor-wide plan assets over time

All Cato Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$89M 12.251169302586803% vs 2022
2024 filing year
$85M$90M$95M$100M$105M 202220232024 $101M $88.5M ▼ -12.2%
Year Plans Participants Total Assets
2022 2 5,553 $101M
2023 2 5,539 $99M
2024 2 5,260 $89M

Nearby 401(k) Plans in North Carolina

Peer 401(k) plans, same state, same plan type, ranked by total assets.

The Cato Corporation 401(k)/Profit Sharing Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -200204060 Total assets ($B) Participants The Cato Corporation 401(k)/Profit Sharing Plan, Total assets ($B): 0.07050186 · Participants: 2737The Cato Corporation 401(k)/Profit Sharing PlanThe Bank of America 401(k) Plan, Total assets ($B): 54.848846192 · Participants: 173899The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 15.388124058 · Participants: 40004Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 10.354065 · Participants: 28121Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 10.120701726 · Participants: 55480Truist Financial Corporation 401(k) Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 8.510660989 · Participants: 24174Nucor Corporation Profit Sharing and Retirement Savings Plan
The Cato Corporation 401(k)/Profit Sharing Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare The Cato Corporation 401(k)/Profit Sharing Plan side-by-side with 3 peers →

The Cato Corporation 401(k)/Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Gusmer Enterprises Inc. Employees 401(k) Savings and Profit Sharing Retirement Plan in NJ ($71M); by covered participants it is Mhi Shared Services Americas Inc. 401(k) Plan in TX (2,738 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (2,737 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 The Cato Corporation 401(k)/Profit Sharing Plan assets move in 2023? ▼
The Cato Corporation 401(k)/Profit Sharing Plan grew at a solid clip - up 12.1% during 2023, from $63M to $71M. Reported net income was $8M.
How have Cato Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Cato Corporation's sponsor-wide assets declined 12.3%, from $101M to $89M.
Where does The Cato Corporation 401(k)/Profit Sharing Plan rank by assets among Form 5500 filers? ▼
The Cato Corporation 401(k)/Profit Sharing Plan ranks in the 89th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to The Cato Corporation 401(k)/Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Gusmer Enterprises Inc. Employees 401(k) Savings and Profit Sharing Retirement Plan in NJ ($71M, 546 participants).
Which 401(k) plans cover a similar participant headcount to The Cato Corporation 401(k)/Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Mhi Shared Services Americas Inc. 401(k) Plan in TX (2,738 participants, $397M 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 560484485.

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.