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Company:
First Bancorp
Plan:
First Bancorp Employees' 401k Savings Plan
 

First Bancorp

64 Plan:

 
 
64
42
67
83
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 19 point difference between this plan's BrightScope Rating (64) and the top rated plan (83) could equate to:
[How is this calculated?]
9 additional years of work
Up to $119,700 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 Employees' 401k Savings Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 64. This plan is in the top 15% of plans for Total Plan Cost. First Bancorp Employees' 401k Savings Plan currently has over 700 active participants and over $30.5M in plan assets.

 

 
Plan Component Ratings

 Retirement Plan Details

Address P.O. Box 508
Troy, NC 27371 
Industry Commercial Banking
Administrator Patricia M. Mccormick
Sponsor Timothy S. Maples
Net Plan Assets $30,500,000
Total Participants 790
Avg Account Balance $39,000

 Compare Other Companies in Peer Group

The Landrum Company 65.7
First Community Bancshares 63.0
STAR Financial Group 60.5
Green Bankshares 60.3
Valley View Bancshares 59.9
First Financial 46.2

 Top 3 Funds in this 401k

1. First Bancorp Common Stock 31%
2. SEI Stable Asset Fund 14%
3. American Funds Growth Fund of America 12%

  Plan Service Provider

Auditor Elliott Davis, LLC

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