401(k) · DOL Form 5500 · 2022

Mechanics Bank 401(k) Plan

Data updated 2026-08-25

$179M
Total assets Near avg plan size
1,799
Participants Near avg headcount
95th
Percentile by assets National rank
$99,315
Avg per participant Below avg balance/head
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Official DOL plan name: Mechanics Bank Profit Sharing/401(k) Plan · Sponsored by Mechanics Bank · California · Finance & Insurance

$179M in assets, 1,799 participants

Mechanics Bank's Mechanics Bank Profit Sharing/401(k) Plan reported $179M in total assets and 1,799 participants in its 2022 DOL Form 5500 filing, ranking in the 95th 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.

  • #8,518 in Finance & Insurance (9,261 peers)

Coverage in California

Mechanics Bank Profit Sharing/401(k) Plan covers 1,799 participants in California, 2.9x the typical California plan (state average ~630 per filing). Assets: $179M.

#8,518
in Finance & Insurance (9,261 peers)
-12.9%
assets change YoY
1.8×
vs typical plan assets (national mean)

The plan reported a net loss of $27M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Mechanics Bank Profit Sharing/401(k) Plan's outsized position by total assets

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

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

$178,668,406 Top 5% higher than 95% 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 Profit Sharing/401(k) Plan's large-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Mechanics Bank Profit Sharing/401(k) Plan lands in the large band (1,799 participants).

Form 5500 schedule snapshot

Filing strip 940672780 · Mechanics Bank PY 2022 · 401(k)

Mechanics Bank Profit Sharing/401(k) Plan · $179M · 1,799 · 95th

  • PCT $179M
  • EIN 1,799
  • RANK 95th
  • PHOTO 401(k)
  • IND near Titan America LLC 401(k) Retirement Savings Plan
  • EOY ind #8518

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 California →

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

Moderna, Inc. 401(k) Plan$179MWsfs Financial Corporation Section 401(k) Savings & Retirement PlanWsfs Financial Corporation S…$179MMechanics Bank Profit Sharing/401(k) PlanMechanics Bank Profit Sharin…$179MTitan America LLC 401(k) Retirement Savings PlanTitan America LLC 401(k) Ret…$179MCardiology Consultants of Philadelphia, P.C. 401(k) Profit Sharing PlanCardiology Consultants of Ph…$179M
End-of-year total assets ($M) among Mechanics Bank Profit Sharing/401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

California filing particulars

Total Assets (Beginning of Year)$205M
Net Assets (End of Year)$179M
Net Income-$27M
Employer EIN940672780
Plan Effective Date1945-10-10
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
$222M 5.457294252075238% vs 2022
2024 filing year
$210M$220M$230M$240M$250M$260M 202220232024 $235M $222M ▼ -5.5%
Year Plans Participants Total Assets
2022 2 1,889 $235M
2023 2 1,896 $253M
2024 2 1,638 $222M

Nearby 401(k) Plans in California

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

Mechanics Bank Profit Sharing/401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000250000 -200204060 Total assets ($B) Participants Mechanics Bank Profit Sharing/401(k) Plan, Total assets ($B): 0.178668406 · Participants: 1799Mechanics Bank Profit Sharing/401(k) PlanWells Fargo & Company 401(k) Plan, Total assets ($B): 45.765616608 · Participants: 205865Wells Fargo & Company 401(k) PlanGoogle LLC 401(k) Savings Plan, Total assets ($B): 28.89820221 · Participants: 102963Google LLC 401(k) Savings PlanOracle Corporation 401(k) Savings and Investment Plan, Total assets ($B): 21.851716605 · Participants: 46320Oracle Corporation 401(k) Savings and Investment PlanChevron Employee Savings Investment Plan, Total assets ($B): 18.60989746 · Participants: 19946Chevron Employee Savings Investment PlanIntel 401(k) Savings Plan, Total assets ($B): 18.361585903 · Participants: 54672Intel 401(k) Savings Plan
Mechanics Bank Profit Sharing/401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants
Compare Mechanics Bank Profit Sharing/401(k) Plan side-by-side with 3 peers →

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

Outside California, the nearest 401(k) by assets is Titan America LLC 401(k) Retirement Savings Plan in VA ($179M); by covered participants it is Mortenson Dental Partners 401(k) Plan in KY (1,799 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,799 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 Profit Sharing/401(k) Plan assets move in 2022? ▼
Mechanics Bank Profit Sharing/401(k) Plan pulled back noticeably - down 12.9% during 2022, from $205M to $179M. Reported net income was -$27M.
How have Mechanics Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Mechanics Bank's sponsor-wide assets declined 5.5%, from $235M to $222M.
Where does Mechanics Bank Profit Sharing/401(k) Plan rank by assets among Form 5500 filers? ▼
Mechanics Bank Profit Sharing/401(k) Plan ranks in the 95th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Mechanics Bank Profit Sharing/401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Titan America LLC 401(k) Retirement Savings Plan in VA ($179M, 2,217 participants).
Which 401(k) plans cover a similar participant headcount to Mechanics Bank Profit Sharing/401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Mortenson Dental Partners 401(k) Plan in KY (1,799 participants, $41M 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 940672780.

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.