2023 Form 5500 filing — First Bancorp Employees' Pension 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 20241009072811NAL0009018499001) for First Bancorp Employees' Pension Plan, reported by First Bancorp under EIN 56-1421916 and plan number 002. It reports 438 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241009072811NAL0009018499001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- First Bancorp
- EIN
- 56-1421916
- Plan number
- 002
- Location
- Southern Pines, NC
- Participants
- 438
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $3,438,704
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $3,438,704
- Total income / additions
- -$141,738
- Benefits paid
- $29,447,063
- Administrative expenses
- $628,105
- Total expenses
- $30,075,168
- Net increase / (decrease)
- -$30,216,906
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Fid Inv Inst Ops Co | CONSULTING | $514,733 | not reported in the loaded dataset |
| Fid Mgmt Trust Co | INVEST ADVISORY | $71,324 | not reported in the loaded dataset |