First Bancorp 401(k) match, vesting and fees
What First Bancorp's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Crowe LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2025 medians for 214 defined-contribution plans in finance and insurance with 1,000 to 4,999 participants.
| First Bancorp: employer contribution per participant | $3,683 | |
| Peer median | $3,266 |
| First Bancorp: average balance | $110,521 | |
| Peer median | $137,177 |
| First Bancorp: admin expenses ÷ assets | 0.12% | |
| Peer median | 0.08% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $121M at the end of plan year 2021 to $187M at the end of plan year 2025.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2025 | 1,744 | $187M | $6.2M | $3,683 | 0.12% | Not published | Form 5500 ↗ |
| 2024 | 1,692 | $164M | $7.1M | $4,349 | 0.08% | Not published | Form 5500 ↗ |
| 2023 | 1,678 | $138M | $6.3M | $3,854 | 0.09% | Not published | Form 5500 ↗ |
| 2022 | 1,407 | $108M | $5.1M | $3,716 | 0.10% | Not published | Form 5500 ↗ |
| 2021 | 1,355 | $121M | $4.4M | $3,347 | 0.10% | Not published | Form 5500 ↗ |
Other First Bancorp plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
First Bancorp Employees' Pension Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Plan type and status | Pension (defined benefit) · Terminated (final filing) | Form 5500 ↗ |
Common questions
Does First Bancorp match 401(k) contributions?
The match terms for the First Bancorp Employees' 401(k) Savings Plan have not been published from its filing yet. The plan year 2025 filing reports $6.2M in employer contributions, about $3,683 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the First Bancorp 401(k) match vested?
The vesting schedule for the First Bancorp Employees' 401(k) Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the First Bancorp 401(k)?
The recordkeeper listed on Schedule C of the plan year 2025 filing is Fidelity Investments Institutional. The plan administrator is First Bancorp.
I left First Bancorp. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (First Bancorp, (910) 246-2500) or the recordkeeper, Fidelity Investments Institutional. The First Bancorp old 401(k) page lists the contacts from every plan filing. Find an old First Bancorp 401(k)
Data from the public Form 5500 annual reports First Bancorp filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024 and 2025) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with First Bancorp. Not financial advice. Report a correction · Methodology