First Bancorp, Inc.
41
Plan:
First Bank Employee Stock Ownership Plan
17
63
87
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 46 point difference between this plan's BrightScope Rating (41) and the top rated plan (87) could equate to:
[How is this calculated?]
[How is this calculated?]
18 additional years of work Up to $203,000 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 Bank Employee Stock Ownership Plan is a defined contribution plan with a stock bonus component and ESOP component. This plan has a BrightScope Rating of 41. This plan is in the top 15% of plans for Total Plan Cost. First Bank Employee Stock Ownership Plan currently has over 100 active participants and over $2.7M in plan assets.
Retirement Plan Details
| Address |
2030 Sea Level Drive, Suite 300
Ketchikan, AK 99901 |
| Industry | Commercial Banking |
| Administrator | James Sarvela |
| Net Plan Assets | $2,700,000 |
| Total Participants | 170 |
| Avg Account Balance | $17,000 |
Compare Other Companies in Peer Group
| Great Plains Bancshares | 64.8 |
| HeritageBank of the South | 61.3 |
| Britton & Koontz Capital | 60.5 |
| Independent Bank | 56.3 |
| The First Bancshares | 54.6 |
| United Bancorp | 48.1 |
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