The First Bank & Trust Company
67
Plan:
First Bancorp, Inc. & Affiliates Employee Stock Ownership & Savings Plan
35
64
87
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 (67) and the top rated plan (87) could equate to:
[How is this calculated?]
[How is this calculated?]
10 additional years of work Up to $100,800 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 and 401k feature. This plan has a BrightScope Rating of 67. This plan is in the top 15% of plans for Participation Rate and Total Plan Cost. First Bancorp, Inc. & Affiliates Employee Stock Ownership & Savings Plan currently has over 300 active participants and over $12.7M in plan assets.
Retirement Plan Details
| Address |
Po Box 1000
Abingdon, VA 24212-1000 |
| Industry | Commercial Banking |
| Administrator | Kay Arnold |
| Net Plan Assets | $12,700,000 |
| Total Participants | 310 |
| Avg Account Balance | $41,000 |
Compare Other Companies in Peer Group
| First International Bank | 70.2 |
| Orrstown Bank | 69.4 |
| VIST Financial | 68.0 |
| First Chester County | 65.8 |
| Bank of American Fork | 56.6 |
| Parkway Bancorp | 53.5 |
Comments