Defined Benefit (Pension) · DOL Form 5500 · 2024

Mechanics Bank Pension Plan

Data updated 2026-08-25

$7M
Total assets Small plan by assets
77
Participants Small participant base
49th
Percentile by assets National rank
$96,562
Avg per participant Below avg balance/head
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Official DOL plan name: The Mechanics Bank Retirement Plan & Trust · Sponsored by Mechanics Bank · California · Finance & Insurance

$7M in assets, 77 participants

Mechanics Bank's The Mechanics Bank Retirement Plan & Trust reported $7M in total assets and 77 participants in its 2024 DOL Form 5500 filing, ranking in the 49th 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.

  • #2,921 in Finance & Insurance (8,549 peers)

2024 asset change

The Mechanics Bank Retirement Plan & Trust contracted severely 87.4% in 2024 ($59M → $7M) for 77 participants.

#2,921
in Finance & Insurance (8,549 peers)
-87.4%
assets change YoY

The plan reported a net loss of $52M 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 mid-pack asset rank among Finance & Insurance and all filers

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

End-of-year total assets · plan year 2024 · DOL Form 5500

$7,435,260 49th percentile higher than 49% 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

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

Plan-year 2024 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 (77 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • The Mechanics Bank Retirement Plan & Trust reported net income fell from $3M in the plan year 2023 filing to -$52M in the plan year 2024 filing.
  • The Mechanics Bank Retirement Plan & Trust end-of-year assets fell from $59M in the plan year 2023 filing to $7M in the plan year 2024 filing.
  • The Mechanics Bank Retirement Plan & Trust reported participants fell from 81 in the plan year 2023 filing to 77 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 940672780 · Mechanics Bank PY 2024 · Defined Benefit (Pension)

The Mechanics Bank Retirement Plan & Trust · $7M · 77 · 49th

  • RANK $7M
  • PHOTO 77
  • IND 49th
  • EOY Defined Benefit (Pension)
  • 5500 near Retirement Plan for Employees of Stafford Savings Bank
  • ASSETS ind #2921

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

Global One Cash Balance Pension PlanGlobal One Cash Balance Pens…$7MRetirement Plan for Employees of Stafford Savings BankRetirement Plan for Employee…$7MCommunity Memorial Hospital, Inc. Retirement Income PlanCommunity Memorial Hospital,…$7MThe University Financing Foundation, Inc. Cash Balance PlanThe University Financing Fou…$7MThe Mechanics Bank Retirement Plan & TrustThe Mechanics Bank Retiremen…$7M
End-of-year total assets ($M) among The Mechanics Bank Retirement Plan & Trust and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Mechanics Bank years around the 2024 move

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

2024 asset-move particulars

Total Assets (Beginning of Year)$59M
Net Assets (End of Year)$7M
Net Income-$52M
Employer EIN940672780
Plan Effective Date1974-01-01
Filing StatusFILING RECEIVED

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): 0.00743526 · Participants: 77The Mechanics Bank Retirement Plan & TrustKaiser Permanente Retirement Plan, Total assets ($B): 34.452234723 · Participants: 135057Kaiser Permanente Retirement PlanPacific Gas and Electric Company Retirement Plan, Total assets ($B): 17.60716624 · Participants: 27500Pacific Gas and Electric Company Retirement PlanRetirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc., Total assets ($B): 11.441381434 · Participants: 18983Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc.Western States Carpenters Pension Plan, Total assets ($B): 11.342334451 · Participants: 48582Western States Carpenters Pension PlanIlwu-Pma Pension Plan, Total assets ($B): 10.798538721 · Participants: 15833Ilwu-Pma Pension 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 Retirement Plan for Employees of Stafford Savings Bank in CT ($7M); by covered participants it is Urology of St. Louis, Inc. Cash Balance Pension Plan in MO (77 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (77 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 The Mechanics Bank Retirement Plan & Trust assets move in 2024? ▼
The Mechanics Bank Retirement Plan & Trust contracted severely - down 87.4% during 2024, from $59M to $7M. Reported net income was -$52M.
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.
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 Retirement Plan for Employees of Stafford Savings Bank in CT ($7M, 26 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 Urology of St. Louis, Inc. Cash Balance Pension Plan in MO (77 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 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.