401(k) · DOL Form 5500 · 2023

Mechanics Bank 401(k) Plan

Data updated 2026-08-25

$13M
Total assets Small plan by assets
151
Participants Small participant base
64th
Percentile by assets National rank
$84,999
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

$13M in assets, 151 participants

Mechanics Bank's Mechanics Bank 401(k) Profit Sharing Plan & Trust reported $13M in total assets and 151 participants in its 2023 DOL Form 5500 filing, ranking in the 64th 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.

  • #4,345 in Finance & Insurance (8,869 peers)

Coverage in Ohio

Mechanics Bank 401(k) Profit Sharing Plan & Trust covers 151 participants in Ohio, about 20% of the average Ohio filer (state average ~765 per filing). Assets: $13M.

#4,345
in Finance & Insurance (8,869 peers)
+20.1%
assets growth YoY

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 2023 · DOL Form 5500

$12,834,842 Top 36% higher than 64% of 127,068 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 2023

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

Plan-year 2023 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 (151 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Mechanics Bank 401(k) Profit Sharing Plan & Trust reported net income rose from -$2M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Mechanics Bank 401(k) Profit Sharing Plan & Trust end-of-year assets rose from $11M in the plan year 2022 filing to $13M in the plan year 2023 filing.
  • Mechanics Bank 401(k) Profit Sharing Plan & Trust reported participants rose from 144 in the plan year 2022 filing to 151 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 340394160 · Mechanics Bank PY 2023 · 401(k)

Mechanics Bank 401(k) Profit Sharing Plan & Trust · $13M · 151 · 64th

  • BOOK $13M
  • VS-ST 151
  • BOY 64th
  • SCH 401(k)
  • EBSA near Bay Area Ear Nose and Throat Medical Group 401(k) Profit Sharing Plan
  • PART ind #4345

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

Kedren Retirement Plan$13MTyc Americas 401(k) Plan$13MMechanics Bank 401(k) Profit Sharing Plan & TrustMechanics Bank 401(k) Profit…$13MBay Area Ear Nose and Throat Medical Group 401(k) Profit Sharing PlanBay Area Ear Nose and Throat…$13MMcking Consulting Corporation 401(k) PlanMcking Consulting Corporatio…$13M
End-of-year total assets ($M) among Mechanics Bank 401(k) Profit Sharing Plan & Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Ohio filing particulars

Total Assets (Beginning of Year)$11M
Net Assets (End of Year)$13M
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 -50510152025 Total assets ($B) Participants Mechanics Bank 401(k) Profit Sharing Plan & Trust, Total assets ($B): 0.012834842 · Participants: 151Mechanics Bank 401(k) Profit Sharing Plan & TrustGE Retirement Savings Plan, Total assets ($B): 19.485469047 · Participants: 59766GE Retirement Savings PlanThe Sherwin-Williams Company 401(k) Plan, Total assets ($B): 10.12932701 · Participants: 47362The Sherwin-Williams Company 401(k) PlanThe Progressive 401(k) Plan, Total assets ($B): 9.225573063 · Participants: 56176The Progressive 401(k) PlanThe Kroger Co. 401(k) Retirement Savings Account Plan, Total assets ($B): 8.445085 · Participants: 129769The Kroger Co. 401(k) Retirement Savings Account PlanNationwide Savings Plan, Total assets ($B): 7.618883027 · Participants: 24715Nationwide Savings 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 Bay Area Ear Nose and Throat Medical Group 401(k) Profit Sharing Plan in CA ($13M); by covered participants it is Air Conditioning Innovative Solutions 401(k) Plan in TX (151 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($13M here).

Similar participant headcount

Nearest other-state filings by covered participants (151 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. 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 2023? ▼
Mechanics Bank 401(k) Profit Sharing Plan & Trust grew sharply - up 20.1% during 2023, from $11M to $13M. 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 Bay Area Ear Nose and Throat Medical Group 401(k) Profit Sharing Plan in CA ($13M, 11 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 Air Conditioning Innovative Solutions 401(k) Plan in TX (151 participants, $8M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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.