First Bancorp 401(k) Plan: Login, Facts & Contact Information

First Bancorp 401(k) Plan Facts

Plan name
FIRST BANCORP EMPLOYEES' 401(K) SAVINGS PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
FIRST BANCORP
Participants
1,678 (1,396 active employees)
Former employees with a balance
288
Plan assets
$164,155,623 at Dec 31, 2024
Average account balance
$100,709 across 1,630 accounts
Employer contributions
$7,088,424 in plan year 2024 (44% of all contributions)
Recordkeeper
Fidelity Investments Institutional
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1985
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Jul 1, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $16.3 million went into the plan in contributions, $7.09 million of it from the employer (44%).
  • $14.8 million was paid out to participants.
  • Investment and other income added $21.7 million.
  • Administrative expenses were $125,906, about $77 per account.

How the First Bancorp 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20191,162$96.7 million$4.01 million$6.30 million
20201,201$107.1 million$4.33 million$9.44 million
20211,196$121.1 million$4.43 million$15.2 million
20221,355$107.9 million$5.07 million$13.7 million
20231,407$138.4 million$6.26 million$17.2 million
20241,678$164.2 million$7.09 million$14.8 million

First Bancorp 401(k) Contact Information

Phone
910-246-2500
Mailing address
300 SW BROAD STREET, SOUTHERN PINES NC 28387
Plan sponsor
FIRST BANCORP
Employer identification number (EIN)
56-1421916
Plan number
001

Questions about the First Bancorp 401(k)

Does First Bancorp contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $7.09 million, 44% of all contributions.

Does the First Bancorp 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the First Bancorp 401(k) plan?

1,678 participants at the start of plan year 2024, 1,396 of them active employees, and 288 former employees who still had money in the plan.

What is the average 401(k) balance at First Bancorp?

About $100,709 per account: $164.2 million in plan assets across 1,630 accounts with a balance at the end of plan year 2024.

Who manages the First Bancorp 401(k) accounts?

Fidelity NetBenefits (listed on the filing as FIDELITY INVESTMENTS INSTITUTIONAL) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at First Bancorp. How do I access my 401(k)?

Your account stays with Fidelity NetBenefits after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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