Original filing (PDF)20251015155040NAL0002582307001

MECHANICS BANK

Name: MECHANICS BANK — THE MECHANICS BANK RETIREMENT PLAN & TRUST, Form 5500 (2024)
Creator: MECHANICS BANK

Form 5500

FILING_RECEIVED

THE MECHANICS BANK RETIREMENT PLAN & TRUST

Defined-benefit pension plan

Signals · 2

No ERISA fidelity bond~1135 bps in Sched C fees

Active participants

Accounts w/ balance

—

Plan assets (EOY)

$7.4M

Net assets (EOY)

$7.4M

How this plan invests

This plan

47 securities

funds · stocks · CUSIPs

Holdings are itemized directly on this plan's Schedule of Assets, below.

Plan health score

/ 100

Grade D

Below-average — multiple flags

Directional indicator from public Form 5500 data — compliance & integrity, total plan cost, participant health and vendor stack, benchmarked against same-size peers. Not a fiduciary tool. Based on 80% of scoring inputs for this filing.

Compliance & integrity

Total plan cost

Plan health

n/a

Vendor & structure

Decision-maker contacts

CFO / Head of HR / Benefits Manager — verified email + LinkedIn for MECHANICS BANK.

Plan sponsor

Name

MECHANICS BANK

EIN

94-0672780

Address

1111 CIVIC DRIVE, SUITE 290 · WALNUT CREEK, CA · 945963895

Phone

(925) 482-8080

Industry

Commercial Banking· Finance & Insurancesee all

Plan administrator

Same as plan sponsor.

Plan characteristics

Plan number

002

Plan year

2024

Plan year begin

2024-01-01

Tax period

2024-12-31

Filed

2025-10-15

Pension benefit codes

1A · Pay-related DB formula

1I · Frozen plan — no new benefit accrual

Audit & trust (Schedule H)

Auditor

CROWE LLP

Trustee / custodian

—

Trustee phone

—

Service providers (Schedule C)

3 rows

TPA / Administrator

Name	EIN	Location	Relation	Direct comp	Indirect comp
PENSION PLANNING CONSULTANTS, INC	85-0402842	—	PLAN ADMINISTRATOR	$9K	—

Actuary

Name	EIN	Location	Relation	Direct comp	Indirect comp
MERCER	13-2834414	—	ACTUARY	$825K	—

Other service providers

Investments

47 direct securities· $58.1M(100% of reported assets)

U.S. Treasuries

$25.6M

7 holdings

Other securities

$16.0M

2 holdings

Bonds / Notes

$14.7M

36 holdings

Cash / Money Market

$1.4M

1 holding

Corporate Bonds

$381K

1 holding

					% of plan
Vanguard Scottdale Fds Lg-Term	Other securities	—	$13.5M	$13.8M	186.2%
U.S. Treasury Bills United States Treasury Bill Due 05/09/24	U.S. Treasuries	—	$12.0M	$12.1M	162.5%
U.S. Treasury Bonds and Notes United States Treasury Notes 4.000% 06/30/28	U.S. Treasuries	—	$9.0M	$9.1M	123.0%
Fixed Income Mutual Funds and Exchange Traded Funds iShares Barclays 20 Yr Treas Bd ETF	Other securities	—	$2.0M	$2.2M	29.3%
United States Treasury Notes 2.875% 05/15/28	U.S. Treasuries	—	$1.5M	$1.4M	19.4%
Money Market Mutual Funds Goldman Sachs Federal 520	Cash / Money Market	—	$1.4M	$1.4M	18.2%
Ishare 10-20 Year Treasury Bond ETF	U.S. Treasuries	—	$1.0M	$1.1M	14.6%
United States Treasury Notes 3.000% 06/30/24	U.S. Treasuries	—	$993K	$990K	13.3%
Apple Inc 3.00% Due 11/13/27 Dtd 11/13/17	Bonds / Notes	—	$992K	$960K	12.9%
Kenvue Inc. Corp Bonds 5.100% Due 03/22/43 Dtd 09/22/23	Bonds / Notes	—	$697K	$726K	9.8%
Burlington Northern Sante Fe 5.510% Due 09/01/43 Dtd 08/22/13 Corp. Bond	Bonds / Notes	—	$687K	$716K	9.6%
Cincinnati Finl Corp 6.920% Due 05/15/28 Dtd 08/20/18	Bonds / Notes	—	$531K	$536K	7.2%
International Business Machs Corp 4.750% Due 02/06/33 Dtd 01/30/23	Bonds / Notes	—	$490K	$507K	6.8%
Goldman Sachs Group Inc. 6.00% Due 09/30/30 Dtd 09/29/23	Bonds / Notes	—	$500K	$505K	6.8%
John Deere Capital Corp 4.800% Due 01/09/26 Dtd 01/03/23	Bonds / Notes	—	$501K	$503K	6.8%
Pfizer Invt Enterprises Pte LTD 4.450% Due 05/19/26 Dtd 11/03/16	Bonds / Notes	—	$490K	$499K	6.7%
Wells Fargo & Co Medium Term Nts 5.600% Due 06/08/28 Dtd 06/08/23	Bonds / Notes	—	$500K	$493K	6.6%
Burlington Northern Sante Fe 3.650% Due 09/01/25 Dtd 08/20/15	Bonds / Notes	—	$492K	$491K	6.6%
United States Treasury Bill Due 08/08/24	U.S. Treasuries	—	$476K	$486K	6.5%
Duke Energy Progress LLC 3.700% Due 09/01/28 Dtd 08/09/18	Bonds / Notes	—	$499K	$485K	6.5%
3M Company 2.000% Due 02/14/25 Dtd 08/26/19	Bonds / Notes	—	$499K	$481K	6.5%
Bank of America Corp 3.248% Due 10/21/27 Dtd 10/21/16	Bonds / Notes	—	$498K	$476K	6.4%
Bank of Montreal 3.750% Due 04/14/27 Dtd 04/14/22	Bonds / Notes	—	$494K	$471K	6.3%
National Rural Utilities Coop 2.100% Due 02/15/27 Dtd 02/06/20	Bonds / Notes	—	$500K	$455K	6.1%
Hershey Company 2.450% Due 11/15/29 Dtd 10/31/19	Bonds / Notes	—	$514K	$453K	6.1%
Apple Inc 2.200% Due 09/11/29 Dtd 09/11/19	Bonds / Notes	—	$510K	$452K	6.1%
Intel Corp 2.450% Due 11/15/29 Dtd 11/21/19	Bonds / Notes	—	$512K	$450K	6.1%
Xillinx Inc 2.375% Due 06/01/30 Dtd 05/19/20	Bonds / Notes	—	$509K	$442K	5.9%
E.I DuPont De Nemours 2.300% Due 12/15/24 Dtd 05/15/20	Bonds / Notes	—	$510K	$438K	5.9%
Mgana International 2.450% Due 06/15/30 Dtd 06/15/20	Bonds / Notes	—	$511K	$438K	5.9%
Jpmorgan Chase Step-Up 2.000% Due 06/23/30 Dtd 06/23/20	Bonds / Notes	—	$500K	$407K	5.5%
Alabama Power Co 1.450% Due 09/15/30 Dtd 08/24/20	Bonds / Notes	—	$482K	$404K	5.4%
and Notes Abbott Laboratories 1.400% Due 06/30/30 Dtd 06/24/20	Corporate Bonds	—	$437K	$381K	5.1%
IBM Corp 3.625% Due 02/12/24 Dtd 02/12/14	Bonds / Notes	—	$350K	$349K	4.7%
United States Treasury Bill Due 03/21/24	U.S. Treasuries	—	$336K	$341K	4.6%
Flour Corp 3.500% Due 12/15/24 Dtd 11/25/14	Bonds / Notes	—	$299K	$291K	3.9%
International Business Machs Corp 3.300% Due 01/27/27 Dtd 01/30/23	Bonds / Notes	—	$286K	$289K	3.9%
Walt Disney Company 1.750% Due 08/30/24 Dtd 09/06/19	Bonds / Notes	—	$250K	$244K	3.3%
Franklin Resources Inc 2.850% Due 03/30/25 Dtd 03/30/15	Bonds / Notes	—	$250K	$243K	3.3%
Target Corp 2.500% Due 04/15/26 Dtd 04/11/16	Bonds / Notes	—	$249K	$241K	3.2%
Procter & Gamble Co 2.450% Due 11/03/26 Dtd 11/03/16	Bonds / Notes	—	$250K	$239K	3.2%
Archer-Daniels Midland C 2.500% Due 08/11/26 Dtd 08/11/16	Bonds / Notes	—	$253K	$238K	3.2%
Wells Fargo & Co Medium Term Nts 5.750% Due 07/27/27 Dtd 07/27/23	Bonds / Notes	—	$200K	$200K	2.7%
Caterpillar Finl Svcs Corp 1.700% Due 01/08/27 Dtd 01/10/22 Medium Term N	Bonds / Notes	—	$185K	$185K	2.5%
Oracle Corp 3.400% Due 07/08/24 Dtd 07/08/14	Bonds / Notes	—	$155K	$153K	2.1%
Cintas Corporation No. 2 3.700% Due 04/01/27 Dtd 03/14/17	Bonds / Notes	—	$161K	$147K	2.0%
Toyota Mtr Cr Corp Medium 3.200% Due 01/11/27 Dtd 01/09/17 Term Nts Book 143,549	Bonds / Notes	—	$144K	$145K	1.9%