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Original filing (PDF)20250624194142NAL0010340096001
FIRST BANCORP, INC.
Form 5500
FILING_RECEIVED
FIRST BANK EMPLOYEE STOCK OWNERSHIP PLAN
Defined-contribution retirement plan
Signals · 2
96% in single holdingNo recordkeeper disclosed
Active participants
119
Accounts w/ balance
124
Plan assets (EOY)
$6.5M
Net assets (EOY)
$6.5M
How this plan invests
This plan
2 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
87
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
75
Total plan cost
75
Vendor stack
80
Participation health
100
Knocking points off
- Top holding "FIRST BANCORP, INC. STOCK" is 96% of plan.
- No recordkeeper disclosed on Schedule C.
Helping the score
- No Schedule C compensation disclosed — likely a small plan or unbundled.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for FIRST BANCORP, INC..
Plan sponsor
Name
FIRST BANCORP, INC.
EIN
92-0127898
Address
2030 SEA LEVEL DRIVE, SUITE 300 · KETCHIKAN, AK · 99901
Phone
(907) 228-4257
Industry
Commercial Banking· Finance & Insurancesee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
003
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-06-24
Pension benefit codes
2I · Stock bonus
2O · ESOP (non-leveraged)
2Q · S-corporation ESOP
Audit & trust (Schedule H)
Auditor
TEUSCHER WALPOLE
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
No Schedule C providers reportedInvestments
2 direct securities· $6.5M(100% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| FIRST BANCORP, INC. STOCK | — | — | $2.1M | $6.3M | 96.4% | |
| FIRST BANK INTEREST BEARING CASH | — | — | $229K | $232K | 3.6% |
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