Firstbank 401(K) Retirement Plan For Residents Of The U.S. Virgin Islands And The Usa — Form 5500 plan (Firstbank Of Puerto Rico)
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, Firstbank 401(K) Retirement Plan For Residents Of The U.S. Virgin Islands And The Usa is a benefit plan reported by Firstbank Of Puerto Rico under EIN 66-0183103 and plan number 004. The latest loaded filing year is 2023. The filing reports 583 participants and $22,836,477 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Firstbank Of Puerto Rico
- EIN
- 66-0183103
- Plan number
- 004
- Plan type
- 2
- Location
- Rio Piedras, PR
- Latest filing year
- 2023
- Participants
- 583
- End-of-year plan assets
- $22,836,477
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 583 | H, C | 20240821165859NAL0002523667001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $22,836,477
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $22,836,477
- Net assets (BOY)
- $19,550,994
Income & contributions
- Employer contributions
- $415,777
- Participant contributions
- $1,234,999
- Total contributions
- $1,707,288
- Total income / additions
- $5,141,316
Expenses & distributions
- Benefits paid
- $1,846,116
- Administrative expenses
- $9,717
- Total expenses
- $1,855,833
- Net increase / (decrease)
- $3,285,483
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Charles Schwab Trust Bank | NONE | $5,405 | $0 | 2023 |
| Milliman, Inc. | NONE | $3,412 | not reported in the loaded dataset | 2023 |
| Charles Schwab & Co. | NONE | $0 | $0 | 2023 |