Defined Benefit (Pension) · DOL Form 5500 · 2022

Firstbank Pr Pension Plan

Data updated 2026-08-25

$46M
Total assets Below avg plan size
190
Participants Below avg headcount
87th
Percentile by assets National rank
$244,223
Avg per participant Above avg balance/head
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Official DOL plan name: Firstbank Puerto Rico Retirement Plan for the Former Employees of Banco Santander · Sponsored by Firstbank Pr · Puerto Rico · Finance & Insurance

$46M in assets, 190 participants

Firstbank Pr's Firstbank Puerto Rico Retirement Plan for the Former Employees of Banco Santander reported $46M in total assets and 190 participants in its 2022 DOL Form 5500 filing, ranking in the 87th 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.

  • #7,387 in Finance & Insurance (9,261 peers)

Coverage in Puerto Rico

Firstbank Puerto Rico Retirement Plan for the Former Employees of Banco Santander covers 190 participants in Puerto Rico, 2.1x the typical Puerto Rico plan (state average ~89 per filing). Assets: $46M.

#7,387
in Finance & Insurance (9,261 peers)
-28.9%
assets change YoY
0.5×
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.

Firstbank Puerto Rico Retirement Plan for the Former Employees of Banco Santander's outsized position by total assets

Firstbank Puerto Rico Retirement Plan for the Former Employees of Banco Santander vs every filed plan by assets

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

$46,402,317 Top 13% higher than 87% 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

Firstbank Puerto Rico Retirement Plan for the Former Employees of Banco Santander 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. Firstbank Puerto Rico Retirement Plan for the Former Employees of Banco Santander sits mid-pack in the medium band (190 participants).

Form 5500 schedule snapshot

Filing strip 660183103 · Firstbank Pr PY 2022 · Defined Benefit (Pension)

Firstbank Puerto Rico Retirement Plan for the Former Employees of Banco Santander · $46M · 190 · 87th

  • RANK $46M
  • PHOTO 190
  • IND 87th
  • EOY Defined Benefit (Pension)
  • 5500 near Navy-Marine Corps Relief Society Employees' Pension Plan
  • ASSETS ind #7387

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 Puerto Rico →

Firstbank Puerto Rico Retirement Plan for the Former Employees of Banco Santander in the asset neighbourhood

Firstbank Puerto Rico Retirement Plan for the Former Employees of Banco SantanderFirstbank Puerto Rico Retire…$46MNavy-Marine Corps Relief Society Employees' Pension PlanNavy-Marine Corps Relief Soc…$46MStar Tribune Retirement Plan GStar Tribune Retirement Plan…$46MOneaz Credit Union Defined Benefit Pension PlanOneaz Credit Union Defined B…$46MThe Pension Plan for Hourly Paid Employees of Diageo North America, Inc. at Its Plant at Plainfield, IlThe Pension Plan for Hourly …$46M
End-of-year total assets ($M) among Firstbank Puerto Rico Retirement Plan for the Former Employees of Banco Santander and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Puerto Rico filing particulars

Total Assets (Beginning of Year)$65M
Net Assets (End of Year)$46M
Net Income-$19M
Employer EIN660183103
Plan Effective Date1978-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Firstbank Pr)

Sponsor-wide plan assets over time

All Firstbank Pr plans reported in each filing year

Latest sponsor-wide plan assets
$234M 9.59720287232389% vs 2022
2024 filing year
$210M$220M$230M$240M$250M 202220232024 $214M $234M ▲ +9.6%
Year Plans Participants Total Assets
2022 4 3,294 $214M
2023 4 3,402 $242M
2024 3 3,351 $234M

Nearby Defined Benefit (Pension) Plans in Puerto Rico

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

Firstbank Puerto Rico Retirement Plan for the Former Employees of Banco Santander vs. nearby Defined Benefit (Pension) plans in Puerto Rico, assets vs. participants Scatter plot of 6 data points. 05001000150020002500 02004006008001000 Total assets ($M) Participants Firstbank Puerto Rico Retirement Plan for the Former Employees of Banco Santander, Total assets ($M): 46.402317 · Participants: 190Firstbank Puerto Rico Retirement Plan for the Former Employees of Banco SantanderPuerto Rico Telephone Company Consolidated Retirement Plan for Salaried and Hourly Employees, Total assets ($M): 857.564471 · Participants: 1841Puerto Rico Telephone Company Consolidated Retirement Plan for Salaried and Hourly EmployeesBanco Popular De Puerto Rico Retirement Plan, Total assets ($M): 592.325263 · Participants: 2057Banco Popular De Puerto Rico Retirement PlanMsd Puerto Rico Pension Plan, Total assets ($M): 389.527088 · Participants: 510Msd Puerto Rico Pension PlanThe Retirement Plan for Lilly Affiliate Employees in Puerto Rico, Total assets ($M): 323.80921 · Participants: 1067The Retirement Plan for Lilly Affiliate Employees in Puerto RicoComponents Pension Plan for Puerto Rico, Total assets ($M): 180.354302 · Participants: 130Components Pension Plan for Puerto Rico
Firstbank Puerto Rico Retirement Plan for the Former Employees of Banco Santander vs. nearby Defined Benefit (Pension) plans in Puerto Rico, assets vs. participants

Firstbank Puerto Rico Retirement Plan for the Former Employees of Banco Santander's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Puerto Rico, the nearest Defined Benefit (Pension) by assets is Navy-Marine Corps Relief Society Employees' Pension Plan in VA ($46M); by covered participants it is Berwind Corporation Employees' Retirement Plan in PA (190 participants). Same-state nearby plans are listed separately above.

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 Firstbank Puerto Rico Retirement Plan for the Former Employees of Banco Santander assets move in 2022?
Firstbank Puerto Rico Retirement Plan for the Former Employees of Banco Santander declined sharply - down 28.9% during 2022, from $65M to $46M. Reported net income was -$19M.
How have Firstbank Pr plan assets changed over time?
Across 3 plan years on file (2022-2024), Firstbank Pr's sponsor-wide assets grew 9.6%, from $214M to $234M.
Where does Firstbank Puerto Rico Retirement Plan for the Former Employees of Banco Santander rank by assets among Form 5500 filers?
Firstbank Puerto Rico Retirement Plan for the Former Employees of Banco Santander ranks in the 87th 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 Firstbank Puerto Rico Retirement Plan for the Former Employees of Banco Santander?
Among Defined Benefit (Pension) plans in other states, the closest by assets is Navy-Marine Corps Relief Society Employees' Pension Plan in VA ($46M, 60 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Firstbank Puerto Rico Retirement Plan for the Former Employees of Banco Santander?
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Berwind Corporation Employees' Retirement Plan in PA (190 participants, $90M in assets).