ESOP · DOL Form 5500 · 2022

First Bancorp, Inc. ESOP

Data updated 2026-08-25

$6M
Total assets Small plan by assets
127
Participants Small participant base
54th
Percentile by assets National rank
$45,928
Avg per participant Low balance/head
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Official DOL plan name: First Bank Employee Stock Ownership Plan · Sponsored by First Bancorp, Inc. · Alaska · Finance & Insurance

$6M in assets, 127 participants

First Bancorp, Inc.'s First Bank Employee Stock Ownership Plan reported $6M in total assets and 127 participants in its 2022 DOL Form 5500 filing, ranking in the 54th 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.

  • #3,487 in Finance & Insurance (9,261 peers)

Coverage in Alaska

First Bank Employee Stock Ownership Plan covers 127 participants in Alaska, about 26% of the average Alaska filer (state average ~481 per filing). Assets: $6M.

#3,487
in Finance & Insurance (9,261 peers)
+0.7%
assets growth YoY

First Bank Employee Stock Ownership Plan's mid-pack asset rank among Finance & Insurance and all filers

First Bank Employee Stock Ownership Plan vs every filed plan by assets

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

$5,832,855 Top 46% higher than 54% 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 Bank Employee Stock Ownership Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. First Bank Employee Stock Ownership Plan sits mid-pack in the medium band (127 participants).

EBSA filing schedule strip

Filing strip 920127898 · First Bancorp, Inc. PY 2022 · ESOP

First Bank Employee Stock Ownership Plan · $6M · 127 · 54th

  • PHOTO $6M
  • IND 127
  • EOY 54th
  • 5500 ESOP
  • ASSETS near Lancaster Burns Construction, Inc. Employee Stock Ownership Plan
  • PCT ind #3487

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 What is an ESOP? → · Plans in Alaska →

First Bank Employee Stock Ownership Plan in the asset neighbourhood

Tc Federal Bank Employee Stock Ownership PlanTc Federal Bank Employee Sto…$6MFirst Bank Employee Stock Ownership PlanFirst Bank Employee Stock Ow…$6MLancaster Burns Construction, Inc. Employee Stock Ownership PlanLancaster Burns Construction…$6MDrc Engineering, Inc. Employee Stock Ownership PlanDrc Engineering, Inc. Employ…$6MJohnson-Melloh Employee Stock Ownership PlanJohnson-Melloh Employee Stoc…$6M
End-of-year total assets ($M) among First Bank Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

Alaska filing particulars

Total Assets (Beginning of Year)$6M
Net Assets (End of Year)$6M
Net Income$39K
Employer EIN920127898
Plan Effective Date1991-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First Bancorp, Inc.)

Sponsor-wide plan assets over time

All First Bancorp, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$6M 11.416004683812645% vs 2022
2024 filing year
$5.5M$6M$6.5M$7M 202220232024 $5.83M $6.5M ▲ +11.5%
Year Plans Participants Total Assets
2022 1 127 $6M
2023 1 127 $6M
2024 1 127 $6M

Nearby ESOP Plans in Alaska

Peer ESOP plans, same state, same plan type, ranked by total assets.

First Bank Employee Stock Ownership Plan vs. nearby ESOP plans in Alaska, assets vs. participants Scatter plot of 6 data points. -50050100150 010203040 Total assets ($M) Participants First Bank Employee Stock Ownership Plan, Total assets ($M): 5.832855 · Participants: 127First Bank Employee Stock Ownership PlanCornerstone Holdings, Inc. Employee Stock Ownership Plan and Trust, Total assets ($M): 32.455775 · Participants: 43Cornerstone Holdings, Inc. Employee Stock Ownership Plan and TrustAlaska Rubber & Supply, Inc. Employee Stock Ownership Plan and Trust, Total assets ($M): 23.908649 · Participants: 125Alaska Rubber & Supply, Inc. Employee Stock Ownership Plan and TrustAlaska Garden and Pet Supply, Inc. Employee Stock Ownership Plan and Trust, Total assets ($M): 20.864089 · Participants: 51Alaska Garden and Pet Supply, Inc. Employee Stock Ownership Plan and TrustTyler Rental, Inc. Employee Stock Ownership Plan and Trust, Total assets ($M): 17.86 · Participants: 0Tyler Rental, Inc. Employee Stock Ownership Plan and TrustAlaska Rent-a-Car, Inc. Employee Stock Ownership Plan, Total assets ($M): 15.798025 · Participants: 136Alaska Rent-a-Car, Inc. Employee Stock Ownership Plan
First Bank Employee Stock Ownership Plan vs. nearby ESOP plans in Alaska, assets vs. participants
Compare First Bank Employee Stock Ownership Plan side-by-side with 3 peers →

First Bank Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Alaska, the nearest ESOP by assets is Lancaster Burns Construction, Inc. Employee Stock Ownership Plan in CA ($6M); by covered participants it is Contempora Fabrics, Inc. Employee Stock Ownership Plan in NC (127 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (127 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 Bank Employee Stock Ownership Plan assets move in 2022? ▼
First Bank Employee Stock Ownership Plan held essentially flat - up 0.7% during 2022, from $6M to $6M. Reported net income was $39K.
How have First Bancorp, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First Bancorp, Inc.'s sponsor-wide assets grew 11.4%, from $6M to $6M.
Which ESOP plans are similar in size to First Bank Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Lancaster Burns Construction, Inc. Employee Stock Ownership Plan in CA ($6M, 130 participants).
Which ESOP plans cover a similar participant headcount to First Bank Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Contempora Fabrics, Inc. Employee Stock Ownership Plan in NC (127 participants, $16M 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 920127898.

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.