401(k) · DOL Form 5500 · 2022

First Bancorp 401(k) Plan

Data updated 2026-08-25

$108M
Total assets Near avg plan size
1,155
Participants Near avg headcount
93rd
Percentile by assets National rank
$93,419
Avg per participant Below avg balance/head
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Official DOL plan name: First Bancorp Employees' 401(k) Savings Plan · Sponsored by First Bancorp · North Carolina · Finance & Insurance

$108M in assets, 1,155 participants

First Bancorp's First Bancorp Employees' 401(k) Savings Plan reported $108M in total assets and 1,155 participants in its 2022 DOL Form 5500 filing, ranking in the 93rd percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #8,244 in Finance & Insurance (9,261 peers)

Where First Bancorp Employees' 401(k) Savings Plan sits by assets

First Bancorp Employees' 401(k) Savings Plan sits in the top 10% of all filed plans by assets, $108M for 1,155 participants (~$93,419/participant), down 10.9% in 2022.

#8,244
in Finance & Insurance (9,261 peers)
-10.9%
assets change YoY
1.1×
vs typical plan assets (national mean)

The plan reported a net loss of $19M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

First Bancorp Employees' 401(k) Savings Plan's outsized position by total assets

First Bancorp Employees' 401(k) Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$107,898,888 Top 7% higher than 93% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

First Bancorp Employees' 401(k) Savings Plan's large-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. First Bancorp Employees' 401(k) Savings Plan lands in the large band (1,155 participants).

Published 5500 schedule card

Filing strip 561421916 · First Bancorp PY 2022 · 401(k)

First Bancorp Employees' 401(k) Savings Plan · $108M · 1,155 · 93rd

  • RANK $108M
  • PHOTO 1,155
  • IND 93rd
  • EOY 401(k)
  • 5500 near Texo Members 401(k) Plan
  • ASSETS ind #8244

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in North Carolina →

First Bancorp Employees' 401(k) Savings Plan in the asset neighbourhood

First Bancorp Employees' 401(k) Savings PlanFirst Bancorp Employees' 401…$108MTexo Members 401(k) Plan$108MVcna 401(k) Profit Sharing PlanVcna 401(k) Profit Sharing P…$108MKaleida Health Savings/Investment (401(k)) PlanKaleida Health Savings/Inves…$108MMaine Employers' Mutual Insurance Company 401(k) PlanMaine Employers' Mutual Insu…$108M
End-of-year total assets ($M) among First Bancorp Employees' 401(k) Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$121M
Net Assets (End of Year)$108M
Net Income-$19M
Employer EIN561421916
Plan Effective Date1985-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First Bancorp)

Sponsor-wide plan assets over time

All First Bancorp plans reported in each filing year

Latest sponsor-wide plan assets
$164M 15.966377133420373% vs 2022
2024 filing year
$130M$140M$150M$160M$170M 202220232024 $142M $164M ▲ +16.0%
Year Plans Participants Total Assets
2022 2 1,337 $142M
2023 2 1,331 $142M
2024 1 1,378 $164M

Nearby 401(k) Plans in North Carolina

Peer 401(k) plans, same state, same plan type, ranked by total assets.

First Bancorp Employees' 401(k) Savings Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -200204060 Total assets ($B) Participants First Bancorp Employees' 401(k) Savings Plan, Total assets ($B): 0.107898888 · Participants: 1155First Bancorp Employees' 401(k) Savings PlanThe Bank of America 401(k) Plan, Total assets ($B): 47.134026012 · Participants: 169036The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 14.565715066 · Participants: 39007Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 9.364902 · Participants: 27731Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 8.965353965 · Participants: 51871Truist Financial Corporation 401(k) Savings PlanLowes 401(k) Plan, Total assets ($B): 7.355936526 · Participants: 284864Lowes 401(k) Plan
First Bancorp Employees' 401(k) Savings Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare First Bancorp Employees' 401(k) Savings Plan side-by-side with 3 peers →

First Bancorp Employees' 401(k) Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Texo Members 401(k) Plan in TX ($108M); by covered participants it is Sandy Spring Bank 401(k) Plan in MD (1,155 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($108M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,155 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did First Bancorp Employees' 401(k) Savings Plan assets move in 2022? ▼
First Bancorp Employees' 401(k) Savings Plan pulled back noticeably - down 10.9% during 2022, from $121M to $108M. Reported net income was -$19M.
How have First Bancorp plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First Bancorp's sponsor-wide assets grew 16.0%, from $142M to $164M.
Where does First Bancorp Employees' 401(k) Savings Plan rank by assets among Form 5500 filers? ▼
First Bancorp Employees' 401(k) Savings Plan ranks in the 93rd percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to First Bancorp Employees' 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Texo Members 401(k) Plan in TX ($108M, 6,202 participants).
Which 401(k) plans cover a similar participant headcount to First Bancorp Employees' 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Sandy Spring Bank 401(k) Plan in MD (1,155 participants, $172M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 561421916.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.