Plain-English plan 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, First Bancorp Employees' 401(K) Savings Plan is a benefit plan reported by First Bancorp under EIN 56-1421916 and plan number 001. The latest loaded filing year is 2023. The filing reports 1,407 participants and $138,427,806 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $138,427,806
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $138,427,806
- Net assets (BOY)
- $107,898,888
Income & contributions
- Employer contributions
- $6,261,978
- Participant contributions
- $8,286,195
- Total contributions
- $17,117,480
- Total income / additions
- $33,866,588
Expenses & distributions
- Benefits paid
- $17,168,923
- Administrative expenses
- $106,052
- Total expenses
- $17,274,975
- Net increase / (decrease)
- $16,591,613