Contact Us    Locations    11/18/2008

Employee Benefit Services

The Mechanics Bank offers corporate clients a comprehensive and professionally managed set of retirement plan options to serve their employees. Our lengthy in-house expertise in trusts, retirement plans and investment management, coupled with the professional record-keeping and administrative services of Pentegra Retirement Services, provides state-of-the-art plans that are flexible, turnkey, cost-effective and tailored to your company’s individual needs.

Complete and Comprehensive Plan Options

Recognizing that numerous different moving parts come together in a coordinated way to make a retirement plan function smoothly and effectively for both a plan sponsor and its participants, our Wealth Management team works hand-in-hand with Pentegra behind the scenes to bring together all the necessary resources to make your plan function smoothly — including everything from compliance and tax filings to employee education.

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

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

In particular, we have a unique, web-accessible 401(k) 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 The Mechanics Bank has been perfecting for more than 100 years.

Investment expertise

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) 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.

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