401(k) · DOL Form 5500 · 2024

Mechanics Bank 401(k) Plan

Data updated 2026-08-25

$14M
Total assets Small plan by assets
151
Participants Small participant base
63rd
Percentile by assets National rank
$93,881
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

$14M in assets, 151 participants

Mechanics Bank's Mechanics Bank 401(k) Profit Sharing Plan & Trust reported $14M in total assets and 151 participants in its 2024 DOL Form 5500 filing, ranking in the 63rd 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.

  • #4,042 in Finance & Insurance (8,549 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: $14M.

#4,042
in Finance & Insurance (8,549 peers)
+10.4%
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 2024 · DOL Form 5500

$14,176,014 Top 37% higher than 63% of 123,620 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 2024

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

Plan-year 2024 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 2023 → plan year 2024

  • Mechanics Bank 401(k) Profit Sharing Plan & Trust reported net income fell from $2M in the plan year 2023 filing to $1M in the plan year 2024 filing.
  • Mechanics Bank 401(k) Profit Sharing Plan & Trust end-of-year assets rose from $13M in the plan year 2023 filing to $14M in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 340394160 · Mechanics Bank PY 2024 · 401(k)

Mechanics Bank 401(k) Profit Sharing Plan & Trust · $14M · 151 · 63rd

  • EIN $14M
  • EIN 151
  • EIN 63rd
  • EIN 401(k)
  • EIN near Hewson & Van Hellemont, P.C. 401(k) Profit Sharing Plan
  • EIN ind #4042

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

Mechanics Bank 401(k) Profit Sharing Plan & TrustMechanics Bank 401(k) Profit…$14MHewson & Van Hellemont, P.C. 401(k) Profit Sharing PlanHewson & Van Hellemont, P.C.…$14MWincorp International, Inc. 401(k) Profit Sharing Plan andWincorp International, Inc. …$14MUnion of Ca State Workers 401(k) PlanUnion of Ca State Workers 40…$14MFire Mountain Gems & Beads Inc 401(k) PlanFire Mountain Gems & Beads I…$14M
End-of-year total assets ($M) among Mechanics Bank 401(k) Profit Sharing Plan & Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Ohio filing particulars

Total Assets (Beginning of Year)$13M
Net Assets (End of Year)$14M
Net Income$1M
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 -505101520 Total assets ($B) Participants Mechanics Bank 401(k) Profit Sharing Plan & Trust, Total assets ($B): 0.014176014 · Participants: 151Mechanics Bank 401(k) Profit Sharing Plan & TrustGE Aerospace Retirement Savings Plan, Total assets ($B): 14.738724553 · Participants: 45620GE Aerospace Retirement Savings PlanThe Kroger Co. 401(k) Retirement Savings Account Plan, Total assets ($B): 11.809161 · Participants: 135373The Kroger Co. 401(k) Retirement Savings Account PlanThe Progressive 401(k) Plan, Total assets ($B): 11.533546294 · Participants: 62521The Progressive 401(k) PlanThe Sherwin-Williams Company 401(k) Plan, Total assets ($B): 10.563559628 · Participants: 47459The Sherwin-Williams Company 401(k) PlanParker Retirement Savings Plan, Total assets ($B): 9.010073432 · Participants: 26315Parker Retirement 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 Hewson & Van Hellemont, P.C. 401(k) Profit Sharing Plan in MI ($14M); by covered participants it is Liberty Power Corp, LLC 401(k) in FL (151 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

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

DOL Form 5500 plan year 2024. 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 2024? ▼
Mechanics Bank 401(k) Profit Sharing Plan & Trust grew at a solid clip - up 10.4% during 2024, from $13M to $14M. Reported net income was $1M.
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 Hewson & Van Hellemont, P.C. 401(k) Profit Sharing Plan in MI ($14M, 109 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 Liberty Power Corp, LLC 401(k) in FL (151 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.