Retirement Planning

A retirement plan has benefits for you, your business, and your employees. Invest now for financial security when you and your employees retire, attract and retain the best employees, and benefit from significant tax advantages and other incentives. We offer a variety of plans for you and your business, regardless of its size.

IRAs for you (Traditional and Roth)

These days, an IRA, or Individual Retirement Arrangement Account, remains one of the best ways to make sure you’ll be financially secure throughout your retirement years. Choose from a variety of investment options to secure your future.

  • Tax-deductible contributions (Traditional IRA)
  • Tax-free withdrawals (Roth IRA)

Rollover IRA for you (Traditional and Roth)

Give your old 401(k) a fresh start by rolling it over to an IRA.

  • Continued tax-deferred growth
  • The potential for more investment options
  • Easily monitor and manage your investments in one place
  • Convenient access to investment information and tax records
  • Possible fee savings

SIMPLE IRA Plans for you and your employees

For business owners with a small number of employees, a SIMPLE IRA plan (Savings Incentive Match Plan for Employees) allows both the employees and employer to contribute to traditional individual retirement arrangement (IRA) plans set up for the employees.

  • Like traditional IRAs, these plans are tax-deferred
  • For companies with 100 or fewer eligible employees
  • Minimal administrative oversight and fees

401(k) and 403(b) plans

Defined contribution 401(k) plans allow employees to make contributions from their paychecks. Also available are 403(b) tax-sheltered annuity (TSA) plans offered by public schools and certain tax-exempt organizations.

  • Taxes deferred on contributions and earnings until withdrawal
  • Investments can be a mix of mutual funds, company stock, individual securities, real estate, and more
  • We can help you to design your plan and administer and manage plan assets

Simplified Employee Pension (SEP) plans

With SEP plans, employers contribute on a tax-favored basis to IRAs owned by their employees. SEP plans are generally easier to manage and administer than other types of retirement plans.

  • Annual contributions are discretionary and tax-deductible to the employer
  • Fewer administrative requirements than qualified plans
  • Earnings grow tax-deferred until withdrawn

Profit sharing

This is a type of defined contribution plan that allows the plan or employer to determine annually how much will be contributed to the plan (out of profits or otherwise).

  • Provides employer with discretion over profit-sharing contributions
  • May be combined with a 401(k) plan
  • Features tax-deductible contribution and plan expenses

Defined benefit plan

Known as a traditional pension plan, this type of plan promises participants a specified monthly benefit at retirement. Benefit may be based on factors such as their salary, age and years worked for the employer. 

  • Two basic kinds of defined benefit plans: pensions and cash-balance plans
  • Employer has complete charge of participant’s investments
  • Cash-balance plans are portable; pensions are not

Nonqualified plans

Designed to meet specialized retirement needs for key executives and other select employees, these plans are also exempt from the discriminatory and top-heavy testing to which qualified plans are subject.

  • May supplement qualified retirement plans for higher paid employees
  • Offers the employer the flexibility to change annual contributions
  • Contributions are tax-deferred for the employee until retirement

To get started

Call 800.797.6324 or send an email

Investment Management

When it comes to Investment Management, you have the opportunity to capitalize on a rare combination in today’s marketplace: the personalized, flexible responsiveness of a local, boutique-style investment firm with the seasoned, disciplined resourcefulness of a sophisticated financial enterprise.

To get started

Call 800.797.6324 or send an email

Learn more

Trust and Estate Services

Managing your wealth includes protecting your assets today and developing a strategy for the planned or inevitable transfer of your wealth in the future.

Our highly experienced and credentialed trust officers will work with you and your team of tax and legal advisors to create effective and efficient wealth transfer strategies based on your unique needs and desires.

To get started

Call 800.797.6324 or send an email

Learn more


Business Succession Planning

Developing an effective business succession plan can help you achieve financial benefits, tax advantages and personal satisfaction. Whether your goal is to transfer your business to family members, position it for sale to employees or outside third parties, we can help you to define the critical issues, and develop a succession plan that achieves your personal and financial objectives.

To get started

Call 800.797.6324 or send an email

Deposit and loan products are offered by Mechanics Bank, Member FDIC and Equal Housing Lender.
Investment management and trust services are offered by Mechanics Bank Wealth Management.
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Always consult with your independent attorney or tax advisor before making any tax-related financial decision, or changing or implementing any financial, tax or estate planning strategy.