Plan Snapshot
- Plan Sponsor: Mechanics Bank
- Sponsor EIN: 940672780
- Sponsor Address: 1111 CIVIC DRIVE, SUITE 200, WALNUT CREEK, CA, 94596
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 1,439
- Total Assets: $0
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,439 | $0 | $0 | $0 |
| 2023 | 1,529 | $0 | $0 | $0 |
| 2022 | 1,808 | $0 | $0 | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| ANTHEM BLUE CROSS LIFE AND HEALTH | Recordkeeper | $853,902 | $927,220 | $1,781,122 |
| DELTA DENTAL OF CALIFORNIA | Recordkeeper | $144,668 | — | $144,668 |
| THE PRUDENTIAL INSURANCE CO. OF AM. | Recordkeeper | $44,709 | — | $44,709 |
| LOCKTON COMPANIES, LLC | Investment Advisor | $24,831 | — | $24,831 |
| COMPSYCH | Recordkeeper | — | $16,860 | $16,860 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- THE PRUDENTIAL INSURANCE CO. OF AM. — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,012,190
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | — | — | — | — | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |