Defined Benefit (Pension) · DOL Form 5500 · 2022

Mechanics Bank Pension Plan

Data updated 2026-08-25

$56M
Total assets Below avg plan size
90
Participants Small participant base
89th
Percentile by assets National rank
$624,348
Avg per participant High balance/head
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Official DOL plan name: The Mechanics Bank Retirement Plan & Trust · Sponsored by Mechanics Bank · California · Finance & Insurance

$56M in assets, 90 participants

Mechanics Bank's The Mechanics Bank Retirement Plan & Trust reported $56M in total assets and 90 participants in its 2022 DOL Form 5500 filing, ranking in the 89th 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.

  • #7,608 in Finance & Insurance (9,261 peers)

Where The Mechanics Bank Retirement Plan & Trust sits by assets

The Mechanics Bank Retirement Plan & Trust sits in the top quartile of all filed plans by assets, $56M for 90 participants (~$624,348/participant), down 18.3% in 2022.

#7,608
in Finance & Insurance (9,261 peers)
-18.3%
assets change YoY
0.6×
vs typical plan assets (national mean)

The plan reported a net loss of $13M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

The Mechanics Bank Retirement Plan & Trust's outsized position by total assets

The Mechanics Bank Retirement Plan & Trust vs every filed plan by assets

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

$56,191,314 Top 11% higher than 89% 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

The Mechanics Bank Retirement Plan & Trust among smaller filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. The Mechanics Bank Retirement Plan & Trust is a small filing (90 participants) on this national headcount ladder.

Form 5500 schedule snapshot

Filing strip 940672780 · Mechanics Bank PY 2022 · Defined Benefit (Pension)

The Mechanics Bank Retirement Plan & Trust · $56M · 90 · 89th

  • EOY $56M
  • EOY 90
  • EOY 89th
  • EOY Defined Benefit (Pension)
  • EOY near Wbc Holdings, L.P. Cash Balance Retirement Plan
  • EOY ind #7608

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 →

The Mechanics Bank Retirement Plan & Trust in the asset neighbourhood

Ameriserv Financial Pension PlanAmeriserv Financial Pension …$56MRetirement Plan for Pilots of Piedmont Airlines, Inc.Retirement Plan for Pilots o…$56MWbc Holdings, L.P. Cash Balance Retirement PlanWbc Holdings, L.P. Cash Bala…$56MThe Mechanics Bank Retirement Plan & TrustThe Mechanics Bank Retiremen…$56MSheet Metal Workers Local 218 (C) Pension PlanSheet Metal Workers Local 21…$56M
End-of-year total assets ($M) among The Mechanics Bank Retirement Plan & Trust and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$69M
Net Assets (End of Year)$56M
Net Income-$13M
Employer EIN940672780
Plan Effective Date1974-01-01
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
$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 Defined Benefit (Pension) Plans in California

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

The Mechanics Bank Retirement Plan & Trust vs. nearby Defined Benefit (Pension) plans in California, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -10010203040 Total assets ($B) Participants The Mechanics Bank Retirement Plan & Trust, Total assets ($B): 0.056191314 · Participants: 90The Mechanics Bank Retirement Plan & TrustKaiser Permanente Retirement Plan, Total assets ($B): 31.853758931 · Participants: 126331Kaiser Permanente Retirement PlanPacific Gas and Electric Company Retirement Plan, Total assets ($B): 17.05949917 · Participants: 25709Pacific Gas and Electric Company Retirement PlanRetirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc., Total assets ($B): 10.381485239 · Participants: 19326Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc.Disney Salaried Pension Plan D, Total assets ($B): 9.228005463 · Participants: 11405Disney Salaried Pension Plan DWells Fargo & Company Cash Balance Plan, Total assets ($B): 8.784432859 · Participants: 59141Wells Fargo & Company Cash Balance Plan
The Mechanics Bank Retirement Plan & Trust vs. nearby Defined Benefit (Pension) plans in California, assets vs. participants
Compare The Mechanics Bank Retirement Plan & Trust side-by-side with 3 peers →

The Mechanics Bank Retirement Plan & Trust's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside California, the nearest Defined Benefit (Pension) by assets is Wbc Holdings, L.P. Cash Balance Retirement Plan in IL ($56M); by covered participants it is Brandenburg Telephone Company Retirement Plan in KY (90 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (90 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 The Mechanics Bank Retirement Plan & Trust assets move in 2022? ▼
The Mechanics Bank Retirement Plan & Trust declined sharply - down 18.3% during 2022, from $69M to $56M. Reported net income was -$13M.
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 The Mechanics Bank Retirement Plan & Trust rank by assets among Form 5500 filers? ▼
The Mechanics Bank Retirement Plan & Trust ranks in the 89th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to The Mechanics Bank Retirement Plan & Trust? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Wbc Holdings, L.P. Cash Balance Retirement Plan in IL ($56M, 223 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to The Mechanics Bank Retirement Plan & Trust? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Brandenburg Telephone Company Retirement Plan in KY (90 participants, $45M 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.