Defined Benefit (Pension) · DOL Form 5500 · 2023

Mechanics Bank Pension Plan

Data updated 2026-08-25

$59M
Total assets Below avg plan size
81
Participants Small participant base
87th
Percentile by assets National rank
$728,410
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

$59M in assets, 81 participants

Mechanics Bank's The Mechanics Bank Retirement Plan & Trust reported $59M in total assets and 81 participants in its 2023 DOL Form 5500 filing, ranking in the 87th 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.

  • #7,112 in Finance & Insurance (8,869 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, $59M for 81 participants (~$728,410/participant), up 5.0% in 2023.

#7,112
in Finance & Insurance (8,869 peers)
+5.0%
assets growth YoY
0.6×
vs typical plan assets (national mean)

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 2023 · DOL Form 5500

$59,001,244 Top 13% higher than 87% 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

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

Plan-year 2023 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 (81 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • The Mechanics Bank Retirement Plan & Trust reported net income rose from -$13M in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • The Mechanics Bank Retirement Plan & Trust reported participants fell from 90 in the plan year 2022 filing to 81 in the plan year 2023 filing.
  • The Mechanics Bank Retirement Plan & Trust end-of-year assets rose from $56M in the plan year 2022 filing to $59M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 940672780 · Mechanics Bank PY 2023 · Defined Benefit (Pension)

The Mechanics Bank Retirement Plan & Trust · $59M · 81 · 87th

  • RANK $59M
  • RANK 81
  • RANK 87th
  • RANK Defined Benefit (Pension)
  • RANK near Wood County Hospital Retirement Plan
  • RANK ind #7112

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

Wood County Hospital Retirement PlanWood County Hospital Retirem…$59MEmployees' Pension Plan of Beck's Superior Hybrids, Inc.Employees' Pension Plan of B…$59MThe Mechanics Bank Retirement Plan & TrustThe Mechanics Bank Retiremen…$59MThe Retirement Plan for Employees of Bath Savings InstitutionThe Retirement Plan for Empl…$59MChicago Title & Trust Company Pension PlanChicago Title & Trust Compan…$59M
End-of-year total assets ($M) among The Mechanics Bank Retirement Plan & Trust and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$56M
Net Assets (End of Year)$59M
Net Income$3M
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): 0.059001244 · Participants: 81The Mechanics Bank Retirement Plan & TrustKaiser Permanente Retirement Plan, Total assets ($B): 33.538817099 · Participants: 127356Kaiser Permanente Retirement PlanPacific Gas and Electric Company Retirement Plan, Total assets ($B): 21.40954351 · Participants: 22914Pacific Gas and Electric Company Retirement PlanPacific Gas and Electric Company Retirement Plan, Total assets ($B): 17.980531142 · Participants: 25647Pacific Gas and Electric Company Retirement PlanRetirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc., Total assets ($B): 10.814691143 · Participants: 19545Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc.Disney Salaried Pension Plan D, Total assets ($B): 10.057095066 · Participants: 10813Disney Salaried Pension Plan D
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 Wood County Hospital Retirement Plan in OH ($59M); by covered participants it is Star Tribune Retirement Plan O in MN (81 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (81 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 The Mechanics Bank Retirement Plan & Trust assets move in 2023? ▼
The Mechanics Bank Retirement Plan & Trust grew at a solid clip - up 5.0% during 2023, from $56M to $59M. Reported net income was $3M.
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 87th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (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 Wood County Hospital Retirement Plan in OH ($59M, 627 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 Star Tribune Retirement Plan O in MN (81 participants, $78M 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.