Mechanics Bank 401(K) Profit Sharing Plan & Trust — Form 5500 plan (Mechanics Bank)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Mechanics Bank 401(K) Profit Sharing Plan & Trust is a benefit plan reported by Mechanics Bank under EIN 34-0394160 and plan number 002. The latest loaded filing year is 2023. The filing reports 161 participants and $12,834,842 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Mechanics Bank
- EIN
- 34-0394160
- Plan number
- 002
- Plan type
- 2
- Location
- Mansfield, OH
- Latest filing year
- 2023
- Participants
- 161
- End-of-year plan assets
- $12,834,842
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 161 | H, C | 20240918131534NAL0002593331001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $12,834,842
- Net assets (EOY)
- $12,834,842
- Net assets (BOY)
- $10,682,770
Income & contributions
- Employer contributions
- $485,447
- Participant contributions
- $540,943
- Total contributions
- $1,026,390
- Total income / additions
- $3,166,468
Expenses & distributions
- Benefits paid
- $945,589
- Administrative expenses
- $68,807
- Total expenses
- $1,014,396
- Net increase / (decrease)
- $2,152,072
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Protpa | not reported in the loaded dataset | $26,019 | not reported in the loaded dataset | 2023 |
| Esb Wealth Management | not reported in the loaded dataset | $20,338 | not reported in the loaded dataset | 2023 |
| Crowe Horwath Llp | not reported in the loaded dataset | $16,800 | not reported in the loaded dataset | 2023 |
| Matrix Trust Company | not reported in the loaded dataset | $5,650 | not reported in the loaded dataset | 2023 |