Defined Benefit (Pension) · DOL Form 5500 · 2022

First Bancorp Pension Plan

Data updated 2026-08-25

$34M
Total assets Below avg plan size
182
Participants Below avg headcount
84th
Percentile by assets National rank
$184,921
Avg per participant Above avg balance/head
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Official DOL plan name: First Bancorp Employees' Pension Plan · Sponsored by First Bancorp · North Carolina · Finance & Insurance

$34M in assets, 182 participants

First Bancorp's First Bancorp Employees' Pension Plan reported $34M in total assets and 182 participants in its 2022 DOL Form 5500 filing, ranking in the 84th 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.

  • #6,883 in Finance & Insurance (9,261 peers)

Coverage in North Carolina

First Bancorp Employees' Pension Plan covers 182 participants in North Carolina, about 22% of the average North Carolina filer (state average ~819 per filing). Assets: $34M.

#6,883
in Finance & Insurance (9,261 peers)
-25.1%
assets change YoY
0.3×
vs typical plan assets (national mean)

The plan reported a net loss of $11M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

First Bancorp Employees' Pension Plan's outsized position by total assets

First Bancorp Employees' Pension Plan vs every filed plan by assets

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

$33,655,610 Top 16% higher than 84% 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' Pension 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 Bancorp Employees' Pension Plan sits mid-pack in the medium band (182 participants).

EBSA filing schedule strip

Filing strip 561421916 · First Bancorp PY 2022 · Defined Benefit (Pension)

First Bancorp Employees' Pension Plan · $34M · 182 · 84th

  • IND $34M
  • IND 182
  • IND 84th
  • IND Defined Benefit (Pension)
  • IND near National Association of Broadcasters Retirement Income Plan
  • IND ind #6883

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' Pension Plan in the asset neighbourhood

Vitesco Technologies USA, LLC Pension PlanVitesco Technologies USA, LL…$34MThe Vollrath Company LLC Defined Pension Plan for UAW EmployeesThe Vollrath Company LLC Def…$34MNational Association of Broadcasters Retirement Income PlanNational Association of Broa…$34MFirst Bancorp Employees' Pension PlanFirst Bancorp Employees' Pen…$34MNECA - IBEW Local 584 Pension PlanNECA - IBEW Local 584 Pensio…$34M
End-of-year total assets ($M) among First Bancorp Employees' Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

North Carolina filing particulars

Total Assets (Beginning of Year)$45M
Net Assets (End of Year)$34M
Net Income-$11M
Employer EIN561421916
Plan Effective Date1987-04-01
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 Defined Benefit (Pension) Plans in North Carolina

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

First Bancorp Employees' Pension Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -505101520 Total assets ($B) Participants First Bancorp Employees' Pension Plan, Total assets ($B): 0.03365561 · Participants: 182First Bancorp Employees' Pension PlanHoneywell Retirement Earnings Plan, Total assets ($B): 17.0193439 · Participants: 12452Honeywell Retirement Earnings PlanTruist Financial Corporation Pension Plan, Total assets ($B): 12.462364023 · Participants: 37931Truist Financial Corporation Pension PlanDuke Energy Legacy Pension Plan, Total assets ($B): 4.0414 · Participants: 346Duke Energy Legacy Pension PlanDuke Energy Retirement Cash Balance Plan, Total assets ($B): 3.182 · Participants: 16132Duke Energy Retirement Cash Balance PlanTime Warner Cable Pension Plan, Total assets ($B): 2.583220843 · Participants: 18624Time Warner Cable Pension Plan
First Bancorp Employees' Pension Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants
Compare First Bancorp Employees' Pension Plan side-by-side with 3 peers →

First Bancorp Employees' Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside North Carolina, the nearest Defined Benefit (Pension) by assets is National Association of Broadcasters Retirement Income Plan in DC ($34M); by covered participants it is Linode LLC Cash Balance Pension Plan in PA (182 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (182 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' Pension Plan assets move in 2022? ▼
First Bancorp Employees' Pension Plan declined sharply - down 25.1% during 2022, from $45M to $34M. Reported net income was -$11M.
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' Pension Plan rank by assets among Form 5500 filers? ▼
First Bancorp Employees' Pension Plan ranks in the 84th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to First Bancorp Employees' Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is National Association of Broadcasters Retirement Income Plan in DC ($34M, 22 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to First Bancorp Employees' Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Linode LLC Cash Balance Pension Plan in PA (182 participants, $337K 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.