First Bancorp Employees' Pension Plan — Form 5500 plan (First Bancorp)
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' Pension Plan is a benefit plan reported by First Bancorp under EIN 56-1421916 and plan number 002. The latest loaded filing year is 2023. The filing reports 438 participants and $3,438,704 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- First Bancorp
- EIN
- 56-1421916
- Plan number
- 002
- Plan type
- 2
- Location
- Southern Pines, NC
- Latest filing year
- 2023
- Participants
- 438
- End-of-year plan assets
- $3,438,704
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 438 | H, C | 20241009072811NAL0009018499001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $3,438,704
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $3,438,704
- Net assets (BOY)
- $33,655,610
Income & contributions
- Total contributions
- $0
- Total income / additions
- -$141,738
Expenses & distributions
- Benefits paid
- $29,447,063
- Administrative expenses
- $628,105
- Total expenses
- $30,075,168
- Net increase / (decrease)
- -$30,216,906
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Fid Inv Inst Ops Co | CONSULTING | $514,733 | not reported in the loaded dataset | 2023 |
| Fid Mgmt Trust Co | INVEST ADVISORY | $71,324 | not reported in the loaded dataset | 2023 |