ESOP · DOL Form 5500 · 2023

First Bancorp, Inc. ESOP

Data updated 2026-08-25

$6M
Total assets Small plan by assets
127
Participants Small participant base
48th
Percentile by assets National rank
$48,121
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 2023 DOL Form 5500 filing, ranking in the 48th 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.

  • #3,059 in Finance & Insurance (8,869 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.

#3,059
in Finance & Insurance (8,869 peers)
+4.8%
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 2023 · DOL Form 5500

$6,111,404 48th percentile higher than 48% of 127,068 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 2023

First Bank Employee Stock Ownership Plan among mid-size filed plans by headcount

Plan-year 2023 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).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • First Bank Employee Stock Ownership Plan reported net income rose from $39K in the plan year 2022 filing to $279K in the plan year 2023 filing.
  • First Bank Employee Stock Ownership Plan end-of-year assets rose from $6M in the plan year 2022 filing to $6M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 920127898 · First Bancorp, Inc. PY 2023 · ESOP

First Bank Employee Stock Ownership Plan · $6M · 127 · 48th

  • EOY $6M
  • 5500 127
  • ASSETS 48th
  • PCT ESOP
  • EIN near Progressive Management Systems Employee Stock Ownership Plan
  • RANK ind #3059

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

Groundwater Sciences Corp. Employee Stock Ownership PlanGroundwater Sciences Corp. E…$6MRenova Environmental Company Employee Stock Ownership PlanRenova Environmental Company…$6MThe Schebler Company Employee Stock Ownership PlanThe Schebler Company Employe…$6MFirst Bank Employee Stock Ownership PlanFirst Bank Employee Stock Ow…$6MProgressive Management Systems Employee Stock Ownership PlanProgressive Management Syste…$6M
End-of-year total assets ($M) among First Bank Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Alaska filing particulars

Total Assets (Beginning of Year)$6M
Net Assets (End of Year)$6M
Net Income$279K
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. 050100150 01020304050 Total assets ($M) Participants First Bank Employee Stock Ownership Plan, Total assets ($M): 6.111404 · Participants: 127First Bank Employee Stock Ownership PlanAlaska Rubber & Supply, Inc. Employee Stock Ownership Plan and Trust, Total assets ($M): 41.82456 · Participants: 135Alaska Rubber & Supply, Inc. Employee Stock Ownership Plan and TrustCornerstone Holdings, Inc. Employee Stock Ownership Plan and Trust, Total assets ($M): 36.793483 · Participants: 37Cornerstone Holdings, Inc. Employee Stock Ownership Plan and TrustAlaska Garden and Pet Supply, Inc. Employee Stock Ownership Plan and Trust, Total assets ($M): 30.126746 · Participants: 47Alaska Garden and Pet Supply, Inc. Employee Stock Ownership Plan and TrustSagaya Corporation Employee Stock Ownership Plan, Total assets ($M): 21.99761 · Participants: 105Sagaya Corporation Employee Stock Ownership PlanAlaska Rent-a-Car, Inc. Employee Stock Ownership Plan, Total assets ($M): 15.483711 · Participants: 137Alaska 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 Progressive Management Systems Employee Stock Ownership Plan in CA ($6M); by covered participants it is Custom Profile Holdings, Inc. Employee Stock Ownership Plan in MI (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 2023. 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 2023? ▼
First Bank Employee Stock Ownership Plan edged up modestly - up 4.8% during 2023, from $6M to $6M. Reported net income was $279K.
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 Progressive Management Systems Employee Stock Ownership Plan in CA ($6M, 142 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 Custom Profile Holdings, Inc. Employee Stock Ownership Plan in MI (127 participants, $200K in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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.