Employers › First Bancorp.
Recordkeeping fees per participant · largest plan, Firstbank 401(k) Retirement Plan for Residents of Puerto Rico · plan year 2024
$22.36
Higher than 20% of the 5,847 plans $50 to 250M that report it.
= $74,852 / 3,348
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250728145044NAL0001725553001, received 2025-07-28
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250728145044NAL0001725553001, received 2025-07-28
Percentiles compare this plan with the Schedule H plans $50 to 250M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-07-28.
Recordkeeping fees per participantheadline
$22.36
Higher than 20% of the 5,847 plans $50 to 250M that report it.
= $74,852 / 3,348
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250728145044NAL0001725553001, received 2025-07-28
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250728145044NAL0001725553001, received 2025-07-28
Administrative expenses excluding investment management, per participant
$29.76
Higher than 16% of the 8,758 plans $50 to 250M that report it.
= $99,648 / 3,348
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250728145044NAL0001725553001, received 2025-07-28
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250728145044NAL0001725553001, received 2025-07-28
Administrative expenses per participant
$29.76
Higher than 10% of the 9,042 plans $50 to 250M that report it.
= $99,648 / 3,348
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250728145044NAL0001725553001, received 2025-07-28
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250728145044NAL0001725553001, received 2025-07-28
Administrative expenses as a share of assets
0.061%
Higher than 24% of the 9,049 plans $50 to 250M that report it.
= $99,648 / $164,421,743
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250728145044NAL0001725553001, received 2025-07-28
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250728145044NAL0001725553001, received 2025-07-28
Employer contributions per participant
$906
Higher than 9% of the 9,105 plans $50 to 250M that report it.
= $3,033,361 / 3,348
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250728145044NAL0001725553001, received 2025-07-28
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250728145044NAL0001725553001, received 2025-07-28
Employer share of total contributions
26.8%
Higher than 41% of the 9,112 plans $50 to 250M that report it.
= $3,033,361 / $11,319,645
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250728145044NAL0001725553001, received 2025-07-28
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250728145044NAL0001725553001, received 2025-07-28
Plan terms are described in First Bancorp.'s SEC filings: Form 11-K filed 2026-06-18 and Form 10-K filed 2026-02-27. No term could be quoted from them with the required precision.
| Plan | Assets | Participants with a balance | Headline | Year |
|---|---|---|---|---|
| Firstbank 401(k) Retirement Plan for Residents of Puerto Rico | $164,421,743 | 3,348 | $22.36 recordkeeping fees per participant | 2024 |
| Firstbank 401(k) Retirement Plan for Residents of the U.S. Virgin Islands and the USA | $26,127,581 | 581 | $2.04 recordkeeping fees per participant | 2024 |
Sponsor name as filed: FIRSTBANK OF PUERTO RICO; SEC registrant: FIRST BANCORP /PR/ (CIK 1057706, matched by 11-K plan title; display name from the Form 11-K cover).