Company: MCHB
Filing Date: 2025-06-17
Form Type: 11-K
Source: 0001518715-25-000091
Chunk: 3

Company: Mechanics Bancorp
Filing Date: 2025-06-17
Form: 11-K
Chunk 3
---
             |
| Benefits paid to participants                  |     |   |  20,014,075 |
| Administrative expenses                        |     |   |     196,738 |
| Total deductions                               |     |   |  20,210,813 |
| INCREASE IN NET ASSETS                         |     |   |  13,017,007 |
| NET ASSETS AVAILABLE FOR BENEFITS              |     |   |             |
| Beginning of year                              |     |   | 165,771,601 |
| End of year                                    |     | $ | 178,788,608 |

<div align='center'>See accompanying notes to the financial statements.

4</div>

#### HOMESTREET, INC. 401(k) SAVINGS PLAN

#### NOTES TO FINANCIAL STATEMENTS
AS OF DECEMBER 31, 2024 AND 2023 AND FOR THE YEAR ENDED DECEMBER 31, 2024

#### 1.

#### DESCRIPTION OF PLAN
The following description of the HomeStreet, Inc. 401(k) Savings Plan (the “Plan”) provides only general information. Participants should refer to the Plan agreement for a more complete description of the Plan’s provisions.

#### General
— The Plan is a trusteed defined contribution 401(k) savings plan for employee retirement. The Plan is administered by the HomeStreet, Inc. Retirement Benefits Committee, which is comprised of certain officers and employees of HomeStreet, Inc. (the “Company” or “Plan Sponsor”). Charles Schwab Bank serves as trustee for all Plan assets. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 (ERISA).

#### Eligibility
— Employees of the Company and its wholly owned subsidiary, HomeStreet Bank are eligible to participate in the Plan. Participants are eligible for plan participation after attainment of 18 years of age. Eligibility to make employee contributions begins immediately upon date of hire.

#### Contributions
— Contributions to the Plan include (i) salary reduction contributions authorized by participants, (ii) matching contributions made by the Company, and (iii) participant rollovers from another qualified plan.

Participants may elect to contribute a percentage of their eligible compensation to the Plan each year, subject to the limitations, as defined in the Plan document. Certain of those contributions may be excluded from the participant’s taxable income until received as a withdrawal or distribution from the Plan. The Plan includes an auto-enrollment provision whereby all newly hired eligible employees are automatically