401(k) · DOL Form 5500 · 2023

Mechanics Bank 401(k) Plan

Data updated 2026-08-25

$194M
Total assets Near avg plan size
1,815
Participants Near avg headcount
95th
Percentile by assets National rank
$106,630
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

$194M in assets, 1,815 participants

Mechanics Bank's Mechanics Bank Profit Sharing/401(k) Plan reported $194M in total assets and 1,815 participants in its 2023 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.

  • #8,103 in Finance & Insurance (8,869 peers)

Coverage in California

Mechanics Bank Profit Sharing/401(k) Plan covers 1,815 participants in California, 2.9x the typical California plan (state average ~630 per filing). Assets: $194M.

#8,103
in Finance & Insurance (8,869 peers)
+8.3%
assets growth YoY
1.9×
vs typical plan assets (national mean)

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 2023 · DOL Form 5500

$193,533,836 Top 5% higher than 95% 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 Profit Sharing/401(k) Plan's large-plan peer group by participant headcount

Plan-year 2023 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 (1,815 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Mechanics Bank Profit Sharing/401(k) Plan reported net income rose from -$27M in the plan year 2022 filing to $15M in the plan year 2023 filing.
  • Mechanics Bank Profit Sharing/401(k) Plan end-of-year assets rose from $179M in the plan year 2022 filing to $194M in the plan year 2023 filing.
  • Mechanics Bank Profit Sharing/401(k) Plan reported participants rose from 1,799 in the plan year 2022 filing to 1,815 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 940672780 · Mechanics Bank PY 2023 · 401(k)

Mechanics Bank Profit Sharing/401(k) Plan · $194M · 1,815 · 95th

  • NET $194M
  • BOOK 1,815
  • VS-ST 95th
  • BOY 401(k)
  • SCH near Applied Systems, Inc. Retirement Savings Plan
  • EBSA ind #8103

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

Liberty Diversified International, Inc. Retirement PlanLiberty Diversified Internat…$194MMechanics Bank Profit Sharing/401(k) PlanMechanics Bank Profit Sharin…$194MApplied Systems, Inc. Retirement Savings PlanApplied Systems, Inc. Retire…$194MSouthwest Power Pool 401(k) Savings PlanSouthwest Power Pool 401(k) …$194MThe Churchill Companies Retirement Savings PlanThe Churchill Companies Reti…$193M
End-of-year total assets ($M) among Mechanics Bank Profit Sharing/401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

California filing particulars

Total Assets (Beginning of Year)$179M
Net Assets (End of Year)$194M
Net Income$15M
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): 0.193533836 · Participants: 1815Mechanics Bank Profit Sharing/401(k) PlanWells Fargo & Company 401(k) Plan, Total assets ($B): 51.831350351 · Participants: 193919Wells Fargo & Company 401(k) PlanGoogle LLC 401(k) Savings Plan, Total assets ($B): 39.047152408 · Participants: 122867Google LLC 401(k) Savings PlanOracle Corporation 401(k) Savings and Investment Plan, Total assets ($B): 26.320437734 · Participants: 63105Oracle Corporation 401(k) Savings and Investment PlanIntel 401(k) Savings Plan, Total assets ($B): 22.17918189 · Participants: 59863Intel 401(k) Savings PlanApple 401(k) Plan, Total assets ($B): 19.779511539 · Participants: 106111Apple 401(k) 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 Applied Systems, Inc. Retirement Savings Plan in IL ($194M); by covered participants it is Kendall Automotive Group Employees' Retirement Plan in ID (1,815 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,815 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 Profit Sharing/401(k) Plan assets move in 2023? ▼
Mechanics Bank Profit Sharing/401(k) Plan grew at a solid clip - up 8.3% during 2023, from $179M to $194M. Reported net income was $15M.
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 127,072 plans that reported assets for plan year 2023 (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 Applied Systems, Inc. Retirement Savings Plan in IL ($194M, 1,639 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 Kendall Automotive Group Employees' Retirement Plan in ID (1,815 participants, $69M 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 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.