2023 Form 5500 filing — First Bancorp Employees' 401(K) Savings Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240703101858NAL0006236881001) for First Bancorp Employees' 401(K) Savings Plan, reported by First Bancorp under EIN 56-1421916 and plan number 001. It reports 1,407 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240703101858NAL0006236881001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- First Bancorp
- EIN
- 56-1421916
- Plan number
- 001
- Location
- Southern Pines, NC
- Participants
- 1,407
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $138,427,806
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $138,427,806
- Employer contributions
- $6,261,978
- Participant contributions
- $8,286,195
- Total income / additions
- $33,866,588
- Benefits paid
- $17,168,923
- Administrative expenses
- $106,052
- Total expenses
- $17,274,975
- Net increase / (decrease)
- $16,591,613
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $84,161 | $0 |
| Strategic Advisors, Inc. | ADVISOR | $21,881 | not reported in the loaded dataset |