Employer-Sponsored Retirement Plans

As an employer ourselves, Mechanics Bank has been managing the needs of employees for more than 100 years. So perhaps more than most banks in Northern California, we understand first-hand how important it is to work with employees in proactively and thoughtfully planning for their futures.

Whether you operate a sole proprietorship or a business with hundreds of employees, Mechanics Bank’s Employee Benefit Trust Department can collaborate with you to tailor and implement an employer-sponsored retirement plan.

We offer a full range of plans to handle the varied needs of different businesses, including:

• 401(k) / 403(b)
• Profit Sharing
• Money Purchase
• Defined Benefit
• ESOP
• Non-qualified

In particular, we have a unique, web-accessible 401(k) / 403(b) offering that allows your participants to choose from a handpicked list of low-cost index funds combined with strong performing actively-managed mutual funds. Services provided include:

• Comprehensive Plan Administration
• Accurate participant recordkeeping
• Daily valuation with online access for both the plan sponsor and participants
• Flexible prototype plans
• Complete communication, education and enrollment services
• Trustee and custodial services
• Investment consulting and oversight
• ERISA and regulatory compliance

With all of our retirement plan services, you receive the individual attention and client service Mechanics Bank has been perfecting for more than 100 years.

Our highly seasoned team of portfolio managers works directly with each corporate client to tailor an investment program to their needs, size, risk tolerance, employee make-up and desire for diversification. As experienced trustees and fiduciaries, we are highly adept at designing investment programs that will be attractive to your employees while keeping you well within your level of fiduciary comfort. In 401(k) / 403(b) plans, your investment strategy is also designed with a watchful eye toward management fees and expense ratios in the mutual funds or exchange-traded funds we recommend for your plan. We are happy to discuss plan options with you at any time or to make a specific proposal to your company. Please call us at 800-781-3441 to arrange for a meeting.

Let us help you with the burden of maintaining a plan for your business’s employees. Beyond just mitigating the worry and responsibility that comes with overseeing a plan, there are other benefits in working with our Employee Benefit Trust Department, to include:

• Administrative and recordkeeping capabilities
• In-House Expertise
• 24/7 Online Access
• Individual Retirement Accounts and Pension Plan Rollovers
• Locally Based Experts
• Culture Of Service