Firstbank of Puerto Rico 401(k) match, vesting and fees
What Firstbank of Puerto Rico'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 | Milliman, Inc. | 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.
| Firstbank of Puerto Rico: employer contribution per participant | $1,057 | |
| Peer median | $3,266 |
| Firstbank of Puerto Rico: average balance | $58,803 | |
| Peer median | $137,177 |
| Firstbank of Puerto Rico: admin expenses ÷ assets | 0.08% | |
| 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 $134M at the end of plan year 2021 to $193M at the end of plan year 2025.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2025 | 3,311 | $193M | $3.5M | $1,057 | 0.08% | Not published | Form 5500 ↗ |
| 2024 | 3,472 | $164M | $3M | $906 | 0.06% | Not published | Form 5500 ↗ |
| 2023 | 3,555 | $143M | $2.8M | $830 | 0.05% | Not published | Form 5500 ↗ |
| 2022 | 3,476 | $118M | $2.7M | $813 | 0.04% | Not published | Form 5500 ↗ |
| 2021 | 3,394 | $134M | $2.7M | $855 | 0.04% | Not published | Form 5500 ↗ |
Other Firstbank of Puerto Rico plans (3)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Firstbank 401(k) Retirement Plan for Residents of the U.S. Virgin Islands and the USA
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 | Milliman, Inc. | Schedule C ↗ |
| Independent auditor | Crowe LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
Firstbank Puerto Rico Retirement Plan for the Former Employees of Banco Santander
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.
| Independent auditor | Rsm Puerto Rico (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Frozen | Form 5500 ↗ |
Firstbank Puerto Rico Pension Plan for the Former Employees of Banco Central Hispano - Puerto Rico
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.
| Independent auditor | Rsm Puerto Rico (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Frozen | Form 5500 ↗ |
Common questions
Does Firstbank of Puerto Rico match 401(k) contributions?
The match terms for the Firstbank 401(k) Retirement Plan for Residents of Puerto Rico have not been published from its filing yet. The plan year 2025 filing reports $3.5M in employer contributions, about $1,057 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Firstbank of Puerto Rico 401(k) match vested?
The vesting schedule for the Firstbank 401(k) Retirement Plan for Residents of Puerto Rico is not in the data published so far. Your Summary Plan Description states it.
Who manages the Firstbank of Puerto Rico 401(k)?
The recordkeeper listed on Schedule C of the plan year 2025 filing is Milliman, Inc.. The plan administrator is Administrative Committee.
I left Firstbank of Puerto Rico. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Administrative Committee, (787) 729-8179) or the recordkeeper, Milliman, Inc.. The Firstbank of Puerto Rico old 401(k) page lists the contacts from every plan filing. Find an old Firstbank of Puerto Rico 401(k)
Data from the public Form 5500 annual reports Firstbank of Puerto Rico 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 Firstbank of Puerto Rico. Not financial advice. Report a correction · Methodology