Firstbank 401(K) Retirement Plan For Residents Of Puerto Rico — Form 5500 plan (Firstbank Of Puerto Rico)

Plain-English plan 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, Firstbank 401(K) Retirement Plan For Residents Of Puerto Rico is a benefit plan reported by Firstbank Of Puerto Rico under EIN 66-0183103 and plan number 002. The latest loaded filing year is 2023. The filing reports 3,506 participants and $142,903,396 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Firstbank Of Puerto Rico
EIN
66-0183103
Plan number
002
Plan type
2
Location
San Juan, PR
Latest filing year
2023
Participants
3,506
End-of-year plan assets
$142,903,396

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
20233,506H, C20240821170255NAL0002525763001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$142,903,396
Total liabilities (EOY)
$0
Net assets (EOY)
$142,903,396
Net assets (BOY)
$118,043,413

Income & contributions

Employer contributions
$2,844,137
Participant contributions
$7,459,914
Total contributions
$11,047,478
Total income / additions
$32,327,319

Expenses & distributions

Benefits paid
$7,399,490
Administrative expenses
$67,846
Total expenses
$7,467,336
Net increase / (decrease)
$24,859,983

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Milliman, Inc.NONE$55,292not reported in the loaded dataset2023
Charles Schwab Trust BankNONE$12,554$02023
Charles Schwab & Co., Inc.NONE$0$02023

Related Form 5500 pages