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FIRST BANCORP, INC. EMPLOYEE STOCK OWNERSHIP & SAV

Plan Contact

  • Contact person: LINDA G. FRITSCH
  • Phone: (276) 623-2323

Plan General Information

FIRST BANCORP, INC. EMPLOYEE STOCK OWNERSHIP & SAV Total Retirement Plan Assets

At the end of 2001, the total retirement plan assets of FIRST BANCORP, INC. EMPLOYEE STOCK OWNERSHIP & SAV is $4,063,661.00.This plan was established in 1990.

FIRST BANCORP, INC. EMPLOYEE STOCK OWNERSHIP & SAV Total Number of Retirement Plan Participants

At the end of 2001, the total number of retirement plan participants in FIRST BANCORP, INC. EMPLOYEE STOCK OWNERSHIP & SAV is 166

FIRST BANCORP, INC. EMPLOYEE STOCK OWNERSHIP & SAV Average Participant Retirement Account Value

In 2001, the average participant retirement account value for FIRST BANCORP, INC. EMPLOYEE STOCK OWNERSHIP & SAV is $24,479.00

FIRST BANCORP, INC. EMPLOYEE STOCK OWNERSHIP & SAV Estimated Average Employee Contribution Amount

In 2001, the estimated average employee contribution amount per participant for FIRST BANCORP, INC. EMPLOYEE STOCK OWNERSHIP & SAV is $3,417.00.

FIRST BANCORP, INC. EMPLOYEE STOCK OWNERSHIP & SAV Estimated Average Employer Match

In 2001, the estimated average employer match for an employee in FIRST BANCORP, INC. EMPLOYEE STOCK OWNERSHIP & SAV is approximately $1,094.00
Investing in this additonal $1,094.00 for 20 years would give you extra $70,074.00, assuming a 10% annual return.

FIRST BANCORP, INC. EMPLOYEE STOCK OWNERSHIP & SAV Total Employer Contribution and Match Rate

In 2001, FIRST BANCORP, INC. EMPLOYEE STOCK OWNERSHIP & SAV allocates $181,757.00 to match its employees' contributions, providing an employer match rate of 64.07% of their contributions

FIRST BANCORP, INC. EMPLOYEE STOCK OWNERSHIP & SAV Total Retirement Plan Asset Growth Rate

In 2001, the total retirement plan asset growth rate of FIRST BANCORP, INC. EMPLOYEE STOCK OWNERSHIP & SAV is 6.74%.

FIRST BANCORP, INC. EMPLOYEE STOCK OWNERSHIP & SAV Estimated Aggregate Retirement Account Investment Gain/Loss

In 2001, the estimated aggregate retirement account investment gain/loss for FIRST BANCORP, INC. EMPLOYEE STOCK OWNERSHIP & SAV is -3.65%. This measures the effectiveness of the plan participants' investments in the year.

FIRST BANCORP, INC. EMPLOYEE STOCK OWNERSHIP & SAV Expense Ratio

In 2001, the investment and administrative expense ratio of FIRST BANCORP, INC. EMPLOYEE STOCK OWNERSHIP & SAV is 0.19%.

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