Home  >   401k Directory   >   The First Bank & Trust Company
 
Company:
The First Bank & Trust Company
Plan:
First Bancorp, Inc. & Affiliates Employee Stock Ownership & Savings Plan
 

The First Bank & Trust Company

68 Plan: First Bancorp, Inc. & Affiliates Employee Stock Ownership & Savings Plan

 
 
68
47
70
83
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 15 point difference between this plan's BrightScope Rating (68) and the top rated plan (83) could equate to:
[How is this calculated?]
7 additional years of work
Up to $120,500 in lost retirement savings.
The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer.

 

Retirement Plan Description

First Bancorp, Inc. & Affiliates Employee Stock Ownership & Savings Plan is a defined contribution plan with a profit-sharing component, 401k feature, and ESOP component. This plan has a BrightScope Rating of 68. This plan is in the top 15% of plans for Total Plan Cost. First Bancorp, Inc. & Affiliates Employee Stock Ownership & Savings Plan currently has over 300 active participants and over $20.4M in plan assets.


 Investment Menu Statistics

No. of Investment Options
23
Plan Average: 20
Largest Funds in this 401k: based on % allocation of assets
1. First BanCorp. Common Stock 46%
2. Federated Capital Preservation Fund 7%
3. American Funds Income Fund of America 7%

 Retirement Plan Details

Address Po Box 1000
Abingdon, VA 24212-1000 
Industry Commercial Banking
Net Plan Assets $20,400,000
Total Participants 340
Avg Account Balance $68,000

 
Plan Service Providers

Recordkeeper EPIC Advisors, Inc.
Auditor Hess, Stewart, & Campbell, PLLC