2023 Form 5500 filing — Mechanics Bank Profit Sharing/401(K) Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241012093442NAL0046454338001) for Mechanics Bank Profit Sharing/401(K) Plan, reported by Mechanics Bank under EIN 94-0672780 and plan number 001. It reports 2,556 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241012093442NAL0046454338001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Mechanics Bank
- EIN
- 94-0672780
- Plan number
- 001
- Location
- Walnut Creek, CA
- Participants
- 2,556
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $193,533,836
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $193,533,836
- Employer contributions
- $4,037,940
- Participant contributions
- $12,244,229
- Total income / additions
- $45,396,550
- Benefits paid
- $30,111,218
- Administrative expenses
- $127,090
- Total expenses
- $30,531,120
- Net increase / (decrease)
- $14,865,430
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $120,532 | $0 |
| Strategic Advisors, Inc. | ADVISOR | $6,600 | not reported in the loaded dataset |