Employers › Mechanics Bancorp
Recordkeeping fees per participant · Homestreet, Inc 401(k) Savings Plan · plan year 2024
$98.77
Higher than 72% of the 5,847 plans $50 to 250M that report it.
= $195,168 / 1,976
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250723184127NAL0005846544001, received 2025-07-23
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250723184127NAL0005846544001, received 2025-07-23
Percentiles compare this plan with the Schedule H plans $50 to 250M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-07-23.
Administrative expenses excluding investment management, per participant
$99.01
Higher than 54% of the 8,758 plans $50 to 250M that report it.
= $195,640 / 1,976
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250723184127NAL0005846544001, received 2025-07-23
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250723184127NAL0005846544001, received 2025-07-23
Administrative expenses per participant
$99.56
Higher than 36% of the 9,042 plans $50 to 250M that report it.
= $196,738 / 1,976
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250723184127NAL0005846544001, received 2025-07-23
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250723184127NAL0005846544001, received 2025-07-23
Administrative expenses as a share of assets
0.110%
Higher than 41% of the 9,049 plans $50 to 250M that report it.
= $196,738 / $178,789,080
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250723184127NAL0005846544001, received 2025-07-23
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250723184127NAL0005846544001, received 2025-07-23
Employer contributions per participant
$1,624
Higher than 23% of the 9,105 plans $50 to 250M that report it.
= $3,208,587 / 1,976
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250723184127NAL0005846544001, received 2025-07-23
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250723184127NAL0005846544001, received 2025-07-23
Employer share of total contributions
29.8%
Higher than 51% of the 9,112 plans $50 to 250M that report it.
= $3,208,587 / $10,762,682
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250723184127NAL0005846544001, received 2025-07-23
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250723184127NAL0005846544001, received 2025-07-23
Employer match
“The Company makes a matching contribution of 100% on the first 3% and 50% on the next 2% of eligible compensation.”
Form 11-K filed 2026-06-24, for the year ended 2025-12-31 · plan description note, contributions · source document
Eligibility
“Eligibility to make employee contributions begins immediately upon date of hire.”
Form 11-K filed 2026-06-24, for the year ended 2025-12-31 · plan description note, eligibility · source document
Vesting
“Participants are vested 100% immediately in their contributions to the Plan, the Company’s matching contributions, plus actual earnings thereon.”
Form 11-K filed 2026-06-24, for the year ended 2025-12-31 · plan description note, vesting · source document
Automatic enrollment
“The Plan includes an auto-enrollment provision whereby all newly hired eligible employees are automatically enrolled in the Plan unless they elect not to participate in the Plan.”
Form 11-K filed 2026-06-24, for the year ended 2025-12-31 · plan description note, contributions · source document
Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.
2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2O ESOP-related feature · 2S pre-approved plan document · 2T default investment (QDIA) · 3D IRS pre-approved plan · 3F · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250723184127NAL0005846544001, received 2025-07-23
| Field | Value | Source |
|---|---|---|
| Plan sponsor | HOMESTREET, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250723184127NAL0005846544001, received 2025-07-23 |
| Plan name | HOMESTREET, INC 401(K) SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250723184127NAL0005846544001, received 2025-07-23 |
| Sponsor EIN / plan number | 91-0186600 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250723184127NAL0005846544001, received 2025-07-23 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250723184127NAL0005846544001, received 2025-07-23 |
| Sponsor location | SEATTLE, WA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250723184127NAL0005846544001, received 2025-07-23 |
| Industry (business code) | 522190, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250723184127NAL0005846544001, received 2025-07-23 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250723184127NAL0005846544001, received 2025-07-23 |
| Filing received | 2025-07-23 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250723184127NAL0005846544001, received 2025-07-23 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250723184127NAL0005846544001, received 2025-07-23 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250723184127NAL0005846544001, received 2025-07-23 |
| Participants, beginning of year | 2,153 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250723184127NAL0005846544001, received 2025-07-23 |
| Active participants | 790 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250723184127NAL0005846544001, received 2025-07-23 |
| Participants, end of year | 1,992 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250723184127NAL0005846544001, received 2025-07-23 |
| Participants with an account balance | 1,976 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250723184127NAL0005846544001, received 2025-07-23 |
| Total assets, beginning of year | $165,790,741 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250723184127NAL0005846544001, received 2025-07-23 |
| Total assets, end of year | $178,789,080 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250723184127NAL0005846544001, received 2025-07-23 |
| Net assets, end of year | $178,788,608 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250723184127NAL0005846544001, received 2025-07-23 |
| Total income | $33,227,821 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250723184127NAL0005846544001, received 2025-07-23 |
| Net income | $13,017,007 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250723184127NAL0005846544001, received 2025-07-23 |
| Employer contributions | $3,208,587 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250723184127NAL0005846544001, received 2025-07-23 |
| Participant contributions | $7,069,171 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250723184127NAL0005846544001, received 2025-07-23 |
| Other contributions (incl. rollovers) | $484,924 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250723184127NAL0005846544001, received 2025-07-23 |
| Total contributions | $10,762,682 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250723184127NAL0005846544001, received 2025-07-23 |
| Benefit payments | $19,798,528 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250723184127NAL0005846544001, received 2025-07-23 |
| Total expenses (incl. benefit payments) | $20,210,814 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250723184127NAL0005846544001, received 2025-07-23 |
| Total administrative expenses | $196,738 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250723184127NAL0005846544001, received 2025-07-23 |
| Recordkeeping fees | $195,168 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250723184127NAL0005846544001, received 2025-07-23 |
| Investment advisory and management fees | $1,098 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250723184127NAL0005846544001, received 2025-07-23 |
| Administrative expenses excluding investment management | $195,640 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250723184127NAL0005846544001, received 2025-07-23 |
| Held in common/collective trusts | $11,889,222 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250723184127NAL0005846544001, received 2025-07-23 |
| Held in mutual funds | $162,919,000 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250723184127NAL0005846544001, received 2025-07-23 |
| Independent auditor | CROWE LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250723184127NAL0005846544001, received 2025-07-23 |
Position = column in the DOL layout for form year 2024. Filing 20250723184127NAL0005846544001, received 2025-07-23.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| SCHWAB RETIREMENT PLAN SERVICES,INCrecordkeeper | NONE | 15 Recordkeeping and information management; 50 Direct payment from the plan; 64 Recordkeeping fees | $172,529 | no |
| PACIFIC PORTFOLIO CONSULTING LLC | NONE | 28 Investment management; 50 Direct payment from the plan | $40,000 | no |
| CROWE LLP | NONE | 10 Accounting (including auditing); 50 Direct payment from the plan | $35,750 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250723184127NAL0005846544001, received 2025-07-23.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $165,790,741 | $178,789,080 | 7.8% |
| Participants with a balance | 2,138 | 1,976 | -7.6% |
| Administrative expenses | $307,216 | $196,738 | -36.0% |
| Recordkeeping fees per participant | $102.14 | $98.77 | -3.3% |
| Employer contributions | $3,465,646 | $3,208,587 | -7.4% |
Prior filing 20240709145032NAL0008828771002, received 2024-07-09; the plan years are contiguous.
Sponsor name as filed: HOMESTREET, INC.; SEC registrant: Mechanics Bancorp (CIK 1518715, matched by EIN; display name from the Form 11-K cover).