Plain-English plan 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, Mechanics Bank Profit Sharing/401(K) Plan is a benefit plan reported by Mechanics Bank under EIN 94-0672780 and plan number 001. The latest loaded filing year is 2023. The filing reports 2,556 participants and $193,533,836 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $193,533,836
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $193,533,836
- Net assets (BOY)
- $178,668,406
Income & contributions
- Employer contributions
- $4,037,940
- Participant contributions
- $12,244,229
- Total contributions
- $18,178,471
- Total income / additions
- $45,396,550
Expenses & distributions
- Benefits paid
- $30,111,218
- Administrative expenses
- $127,090
- Total expenses
- $30,531,120
- Net increase / (decrease)
- $14,865,430