Company: MCHB
Filing Date: 2025-05-09
Form Type: 425
Source: 0001518715-25-000085
Chunk: 13

Company: Mechanics Bancorp
Filing Date: 2025-05-09
Form: 425
Chunk 13
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.J. Johnson It's just for new employees, one year. Mark Mason Yeah, totally understand. So don't ask me that question again, you've got the answer. Some of these questions we’ve been asked like 10,12 times. Okay. Health benefit plans. Now I'm not expecting a detailed answer here, but what health benefit plans do you offer? C.J. Johnson Well, we have several different options. We partner with Kaiser and I believe Anthem, right? Anthem Blue Cross. We have a PPO, we have an HMO, there's different deductible levels. We do a lot of work every year with Lockton, who's our benefits consultant to be very competitive. It's down the middle of the fairway with the California market and so we'll certainly include all of this information in a very detailed email that lays out here's what we currently have. I think everyone would be in their existing plan at HomeStreet, probably through the end of this year and then we do enrollment in November for benefit plans to go in effect 1 January. And so there'll be a lot of opportunity to study our plans. Every year we review and we make tweaks here and there and try to make sure we're competitive. California in general is a pretty competitive market. I'm sure Washington as well. So, we'll get you a lot of information, but there's several options you can pick from. There's also dental coverage. That's very high level, but we can get more details. Mark Mason As expected. We have a wellness program here where we offer a discount on the employee's participation amount in the medical benefit of $50 a month. If they complete at least three annual required checkups, like an annual physical, a dental visit, a vision checkup, all with a goal of improving everyone's overall health. Do you have a program like that or would you consider one? C.J. Johnson I don't believe we have a program like that, but we'd absolutely consider it. I think it's an interesting idea, good idea. I think it's important to get your regular checkups, so I like it. It's kind of new. It's not something we're familiar with, but we'll absolutely line that up and cost it out. Review it as part of our benefits planning process that's going to get kicked off here probably in late Q3. Mark Mason I will say not everyone participates. So this is a constant battle for me but, we've been between