First Bank Employee Stock Ownership Plan — Form 5500 plan (First Bancorp, Inc.)
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 Bank Employee Stock Ownership Plan is a benefit plan reported by First Bancorp, Inc. under EIN 92-0127898 and plan number 003. The latest loaded filing year is 2023. The filing reports 154 participants and $6,111,404 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- First Bancorp, Inc.
- EIN
- 92-0127898
- Plan number
- 003
- Plan type
- 2
- Location
- Ketchikan, AK
- Latest filing year
- 2023
- Participants
- 154
- End-of-year plan assets
- $6,111,404
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 154 | H | 20240723174409NAL0019032512001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $6,111,404
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $6,111,404
- Net assets (BOY)
- $5,832,855
Income & contributions
- Employer contributions
- $175,000
- Total contributions
- $175,000
- Total income / additions
- $649,426
Expenses & distributions
- Benefits paid
- $370,877
- Administrative expenses
- $0
- Total expenses
- $370,877
- Net increase / (decrease)
- $278,549
Service provider compensation (Schedule C)
No Schedule C service provider compensation is loaded for this plan yet.