401(k) · DOL Form 5500 · 2022

Mechanics Bank 401(k) Plan

Data updated 2026-08-25

$11M
Total assets Small plan by assets
144
Participants Small participant base
66th
Percentile by assets National rank
$74,186
Avg per participant Below avg balance/head
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Official DOL plan name: Mechanics Bank 401(k) Profit Sharing Plan & Trust · Sponsored by Mechanics Bank · Ohio · Finance & Insurance

$11M in assets, 144 participants

Mechanics Bank's Mechanics Bank 401(k) Profit Sharing Plan & Trust reported $11M in total assets and 144 participants in its 2022 DOL Form 5500 filing, ranking in the 66th 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.

  • #4,611 in Finance & Insurance (9,261 peers)

Coverage in Ohio

Mechanics Bank 401(k) Profit Sharing Plan & Trust covers 144 participants in Ohio, about 19% of the average Ohio filer (state average ~765 per filing). Assets: $11M.

#4,611
in Finance & Insurance (9,261 peers)
-13.0%
assets change YoY

The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Mechanics Bank 401(k) Profit Sharing Plan & Trust's mid-pack asset rank among Finance & Insurance and all filers

Mechanics Bank 401(k) Profit Sharing Plan & Trust vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$10,682,770 Top 34% higher than 66% of 139,123 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 2022

Mechanics Bank 401(k) Profit Sharing Plan & Trust among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Mechanics Bank 401(k) Profit Sharing Plan & Trust sits mid-pack in the medium band (144 participants).

DOL schedule card

Filing strip 340394160 · Mechanics Bank PY 2022 · 401(k)

Mechanics Bank 401(k) Profit Sharing Plan & Trust · $11M · 144 · 66th

  • 5500 $11M
  • ASSETS 144
  • PCT 66th
  • EIN 401(k)
  • RANK near Covaris LLC 401(k) Profit Sharing Plan & Trust
  • PHOTO ind #4611

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 Finance & Insurance retirement plans → · Plans in Ohio →

Mechanics Bank 401(k) Profit Sharing Plan & Trust in the asset neighbourhood

Mechanics Bank 401(k) Profit Sharing Plan & TrustMechanics Bank 401(k) Profit…$11MCovaris LLC 401(k) Profit Sharing Plan & TrustCovaris LLC 401(k) Profit Sh…$11MBaldwin & Shell Construction Co. 401(k) PlanBaldwin & Shell Construction…$11MLinden Optometry Apc and 20/20 Administrative Services Inc 401(k) Retirement PlanLinden Optometry Apc and 20/…$11MSagp 401(k) Retirement Plan$11M
End-of-year total assets ($M) among Mechanics Bank 401(k) Profit Sharing Plan & Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Ohio filing particulars

Total Assets (Beginning of Year)$12M
Net Assets (End of Year)$11M
Net Income-$2M
Employer EIN340394160
Plan Effective Date1991-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Mechanics Bank)

Sponsor-wide plan assets over time

All Mechanics Bank plans reported in each filing year

Latest sponsor-wide plan assets
$14M 32.69979602668596% vs 2022
2024 filing year
$10M$12M$14M$16M 202220232024 $10.7M $14.2M ▲ +32.8%
Year Plans Participants Total Assets
2022 1 144 $11M
2023 1 151 $13M
2024 1 151 $14M

Nearby 401(k) Plans in Ohio

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

Mechanics Bank 401(k) Profit Sharing Plan & Trust vs. nearby 401(k) plans in Ohio, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -20246810 Total assets ($B) Participants Mechanics Bank 401(k) Profit Sharing Plan & Trust, Total assets ($B): 0.01068277 · Participants: 144Mechanics Bank 401(k) Profit Sharing Plan & TrustThe Sherwin-Williams Company 401(k) Plan, Total assets ($B): 8.343834208 · Participants: 44890The Sherwin-Williams Company 401(k) PlanThe Progressive 401(k) Plan, Total assets ($B): 7.60950811 · Participants: 50299The Progressive 401(k) PlanThe Kroger Co. 401(k) Retirement Savings Account Plan, Total assets ($B): 7.311555 · Participants: 116133The Kroger Co. 401(k) Retirement Savings Account PlanNationwide Savings Plan, Total assets ($B): 6.73672335 · Participants: 24278Nationwide Savings PlanMarathon Petroleum Thrift Plan, Total assets ($B): 6.371480588 · Participants: 17666Marathon Petroleum Thrift Plan
Mechanics Bank 401(k) Profit Sharing Plan & Trust vs. nearby 401(k) plans in Ohio, assets vs. participants
Compare Mechanics Bank 401(k) Profit Sharing Plan & Trust side-by-side with 3 peers →

Mechanics Bank 401(k) Profit Sharing Plan & Trust's out-of-state 401(k) peers by assets and headcount

Outside Ohio, the nearest 401(k) by assets is Covaris LLC 401(k) Profit Sharing Plan & Trust in MA ($11M); by covered participants it is Combs Concrete Construction Company 401(k) Plan in NC (144 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (144 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Mechanics Bank 401(k) Profit Sharing Plan & Trust assets move in 2022? ▼
Mechanics Bank 401(k) Profit Sharing Plan & Trust pulled back noticeably - down 13.0% during 2022, from $12M to $11M. Reported net income was -$2M.
How have Mechanics Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Mechanics Bank's sponsor-wide assets grew 32.7%, from $11M to $14M.
Which 401(k) plans are similar in size to Mechanics Bank 401(k) Profit Sharing Plan & Trust? ▼
Among 401(k) plans in other states, the closest by assets is Covaris LLC 401(k) Profit Sharing Plan & Trust in MA ($11M, 103 participants).
Which 401(k) plans cover a similar participant headcount to Mechanics Bank 401(k) Profit Sharing Plan & Trust? ▼
Among 401(k) plans in other states, the closest by covered participants is Combs Concrete Construction Company 401(k) Plan in NC (144 participants, $30K in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 340394160.

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.