Plan Snapshot
- Plan Sponsor: Mechanics Bank
- Sponsor EIN: 940672780
- Sponsor Address: 1111 CIVIC DRIVE, WALNUT CREEK, CA, 94596
- Plan Type: DC
- Total Participants: 1,484
- Total Assets: $214.6M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,484 | $214.6M | $3.5M | $11.3M |
| 2023 | 1,561 | $193.5M | $4.0M | $12.2M |
| 2022 | 1,815 | $178.7M | $5.0M | $12.9M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $111,527 | — | $111,527 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $16,854 | — | $16,854 |
| CROWE LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $128,381
- Estimated Expense Ratio: 0.060% of plan assets
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 | $128,053 | $16,854 | — | — | — |
| 2023 | $127,090 | $6,600 | — | — | — |
| 2022 | $57,538 | $182 | — | — | — |