The Mechanics Bank Retirement Plan & Trust — Form 5500 plan (Mechanics Bank)
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, The Mechanics Bank Retirement Plan & Trust is a benefit plan reported by Mechanics Bank under EIN 94-0672780 and plan number 002. The latest loaded filing year is 2023. The filing reports 803 participants and $59,001,244 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$59MPlan net assets, end of year$59,001,244
Participants803Covered participants reported
Assets / participant$73.5KComputed: assets ÷ participants$73,476 (computed)
Provider compensation$18.3K2 Schedule C provider row(s)$18,265
- Plan sponsor
- Mechanics Bank
- EIN
- 94-0672780
- Plan number
- 002
- Plan type
- 2
- Location
- Walnut Creek, CA
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 803 | H, C | 20241015163449NAL0015090627001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$59M total assets
Net assets$59MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $59,001,244
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $59,001,244
- Net assets (BOY)
- $56,191,314
Income & contributions
- Total contributions
- $0
- Total income / additions
- $6,291,726
Expenses & distributions
- Benefits paid
- $3,383,453
- Administrative expenses
- $98,343
- Total expenses
- $3,481,796
- Net increase / (decrease)
- $2,809,930
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Pension Benefit Information, LLC | SEARCH FIRM | $10,440 | not reported in the loaded dataset | 2023 |
| Mercer | ACTUARY | $7,825 | not reported in the loaded dataset | 2023 |