401(k) · DOL Form 5500 · 2023

Cato Corporation 401(k) Plan

Data updated 2026-08-11

$71M
Total assets
2,737
Participants
89th
Percentile by assets
$25,759
Avg per participant
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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.

  • 89th percentile by assets (of 127,072 plans)
  • #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.

$71M
total plan assets (2023 EOY)
2,737
covered participants
89th
percentile by assets (of 127,072 plans)
$25,759
avg assets per participant

Where The Cato Corporation 401(k)/Profit Sharing Plan sits 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 $2,010,000,000 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

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 →

State
North Carolina
Industry
Retail Trade

Participants vs North Carolina filers

In North Carolina, the average filing covers about 819 participants across 3,515 plans. The Cato Corporation 401(k)/Profit Sharing Plan reports 2,737 participants - 3.3x that state average ($71M EOY assets).

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)

$85M$90M$95M$100M$105M 202220232024 $101M $88.5M ▼ -12.2%
Total plan assets by year, all Cato Corporation plans on file
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 ($B) Participants The Cato Corporation…, Total assets ($B): 0.07050186 · Participants: 2737The Cato Corporation…The Bank of America …, Total assets ($B): 54.848846192 · Participants: 173899The Bank of America …Honeywell 401(k) Plan, Total assets ($B): 15.388124058 · Participants: 40004Honeywell 401(k) PlanDuke Energy Retireme…, Total assets ($B): 10.354065 · Participants: 28121Duke Energy Retireme…Truist Financial Cor…, Total assets ($B): 10.120701726 · Participants: 55480Truist Financial Cor…Nucor Corporation Pr…, Total assets ($B): 8.510660989 · Participants: 24174Nucor Corporation Pr…
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 Shari… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to The Cato Corporation 401(k)/Profit Sharing Plan by total assets, not by location.

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).

Next read for The Cato Corporation 401(k)/Profit Shari…

Filing takeaways

Ways to act on The Cato Corporation 401(k)/Profit Sharing Plan's numbers.

  • By total assets, The Cato Corporation 401(k)/Profit Sharing Plan ranks in the top quartile of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar 401(k) plans in North Carolina. Compare plans
  • Cato Corporation's sponsor-wide assets have declined 12.3% since 2022 across 3 plan years on file. More Retail Trade plans

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.