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Company:
The First Bank & Trust Company
Plan:
First Bancorp, Inc. & Affiliates Employee Stock Ownership & Savings Plan
 

The First Bank & Trust Company

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

 
 
69
31
66
89
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 20 point difference between this plan's BrightScope Rating (69) and the top rated plan (89) could equate to:
[How is this calculated?]
12 additional years of work
Up to $119,900 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 69. 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 $14.4M in plan assets.


 Investment Menu Statistics

No. of Investment Options
21
Plan Average: 20
Largest Funds in this 401k: based on % allocation of assets
1. First Bank Corp. Common Stock 44%
2. Federated Capital Preservation Fund 10%
3. American Funds Income Fund of America 7%

 Retirement Plan Details

Address Po Box 1000
Abingdon, VA 24212-1000 
Industry Commercial Banking
Administrator Kay Arnold
Net Plan Assets $14,400,000
Total Participants 320
Avg Account Balance $52,000

  Plan Service Providers

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