2023 Form 5500 filing — Firstbank 401(K) Retirement Plan For Residents Of The U.S. Virgin Islands And The Usa
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240821165859NAL0002523667001) for Firstbank 401(K) Retirement Plan For Residents Of The U.S. Virgin Islands And The Usa, reported by Firstbank Of Puerto Rico under EIN 66-0183103 and plan number 004. It reports 583 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240821165859NAL0002523667001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Firstbank Of Puerto Rico
- EIN
- 66-0183103
- Plan number
- 004
- Location
- Rio Piedras, PR
- Participants
- 583
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $22,836,477
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $22,836,477
- Employer contributions
- $415,777
- Participant contributions
- $1,234,999
- Total income / additions
- $5,141,316
- Benefits paid
- $1,846,116
- Administrative expenses
- $9,717
- Total expenses
- $1,855,833
- Net increase / (decrease)
- $3,285,483
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Charles Schwab Trust Bank | NONE | $5,405 | $0 |
| Milliman, Inc. | NONE | $3,412 | not reported in the loaded dataset |
| Charles Schwab & Co. | NONE | $0 | $0 |