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FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF THE U.S. VIRGIN ISLANDS AND THE USA 401k Plan overview

Plan NameFIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF THE U.S. VIRGIN ISLANDS AND THE USA
Plan identification number 004

FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF THE U.S. VIRGIN ISLANDS AND THE USA Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

FIRSTBANK PR has sponsored the creation of one or more 401k plans.

Company Name:FIRSTBANK PR
Employer identification number (EIN):660183103
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF THE U.S. VIRGIN ISLANDS AND THE USA

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0042022-01-01
0042021-01-01
0042020-01-01
0042019-01-01
0042018-01-01
0042017-01-01MIGDALIA LEBRON-MARBELT
0042016-01-01MIGDALIA LEBRON-MARBELT MIGDALIA LEBRON-MARBELT2017-10-16
0042015-01-01MIGDALIA LEBRON-MARBELT
0042014-01-01MIGDALIA LEBRON-MARBELT
0042013-01-01MIGDALIA LEBRON-MARBELT
0042012-01-01MIGDALIA LEBRON-MARBELT
0042011-01-01MIGDALIA LEBRON-MARBELT
0042010-01-01MIGDALIA LEBRON-MARBELT AIDA M. GARCIA2011-10-07
0042009-01-01MIGDALIA LEBRON-MARBELT MIGDALIA LEBRON-MARBELT2010-10-14

Plan Statistics for FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF THE U.S. VIRGIN ISLANDS AND THE USA

401k plan membership statisitcs for FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF THE U.S. VIRGIN ISLANDS AND THE USA

Measure Date Value
2022: FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF THE U.S. VIRGIN ISLANDS AND THE USA 2022 401k membership
Total participants, beginning-of-year2022-01-01563
Total number of active participants reported on line 7a of the Form 55002022-01-01333
Number of retired or separated participants receiving benefits2022-01-013
Number of other retired or separated participants entitled to future benefits2022-01-01230
Total of all active and inactive participants2022-01-01566
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-017
Total participants2022-01-01573
Number of participants with account balances2022-01-01533
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-018
2021: FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF THE U.S. VIRGIN ISLANDS AND THE USA 2021 401k membership
Total participants, beginning-of-year2021-01-01569
Total number of active participants reported on line 7a of the Form 55002021-01-01330
Number of retired or separated participants receiving benefits2021-01-013
Number of other retired or separated participants entitled to future benefits2021-01-01216
Total of all active and inactive participants2021-01-01549
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-017
Total participants2021-01-01556
Number of participants with account balances2021-01-01491
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-0118
2020: FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF THE U.S. VIRGIN ISLANDS AND THE USA 2020 401k membership
Total participants, beginning-of-year2020-01-01573
Total number of active participants reported on line 7a of the Form 55002020-01-01363
Number of retired or separated participants receiving benefits2020-01-012
Number of other retired or separated participants entitled to future benefits2020-01-01194
Total of all active and inactive participants2020-01-01559
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-016
Total participants2020-01-01565
Number of participants with account balances2020-01-01512
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-0111
2019: FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF THE U.S. VIRGIN ISLANDS AND THE USA 2019 401k membership
Total participants, beginning-of-year2019-01-01555
Total number of active participants reported on line 7a of the Form 55002019-01-01379
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-01184
Total of all active and inactive participants2019-01-01563
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-014
Total participants2019-01-01567
Number of participants with account balances2019-01-01508
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-0111
2018: FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF THE U.S. VIRGIN ISLANDS AND THE USA 2018 401k membership
Total participants, beginning-of-year2018-01-01564
Total number of active participants reported on line 7a of the Form 55002018-01-01343
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-01158
Total of all active and inactive participants2018-01-01501
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-014
Total participants2018-01-01505
Number of participants with account balances2018-01-01493
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF THE U.S. VIRGIN ISLANDS AND THE USA 2017 401k membership
Total participants, beginning-of-year2017-01-01550
Total number of active participants reported on line 7a of the Form 55002017-01-01399
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-01156
Total of all active and inactive participants2017-01-01555
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-013
Total participants2017-01-01558
Number of participants with account balances2017-01-01480
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF THE U.S. VIRGIN ISLANDS AND THE USA 2016 401k membership
Total participants, beginning-of-year2016-01-01543
Total number of active participants reported on line 7a of the Form 55002016-01-01386
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-01161
Total of all active and inactive participants2016-01-01547
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-013
Total participants2016-01-01550
Number of participants with account balances2016-01-01501
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF THE U.S. VIRGIN ISLANDS AND THE USA 2015 401k membership
Total participants, beginning-of-year2015-01-01441
Total number of active participants reported on line 7a of the Form 55002015-01-01379
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-01161
Total of all active and inactive participants2015-01-01540
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-011
Total participants2015-01-01541
Number of participants with account balances2015-01-01500
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF THE U.S. VIRGIN ISLANDS AND THE USA 2014 401k membership
Total participants, beginning-of-year2014-01-01445
Total number of active participants reported on line 7a of the Form 55002014-01-01370
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0163
Total of all active and inactive participants2014-01-01433
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-013
Total participants2014-01-01436
Number of participants with account balances2014-01-01403
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF THE U.S. VIRGIN ISLANDS AND THE USA 2013 401k membership
Total participants, beginning-of-year2013-01-01446
Total number of active participants reported on line 7a of the Form 55002013-01-01416
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-0126
Total of all active and inactive participants2013-01-01442
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-01442
Number of participants with account balances2013-01-01411
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-012
2012: FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF THE U.S. VIRGIN ISLANDS AND THE USA 2012 401k membership
Total participants, beginning-of-year2012-01-01506
Total number of active participants reported on line 7a of the Form 55002012-01-01399
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-0147
Total of all active and inactive participants2012-01-01446
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-01446
Number of participants with account balances2012-01-01384
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-011
2011: FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF THE U.S. VIRGIN ISLANDS AND THE USA 2011 401k membership
Total participants, beginning-of-year2011-01-01507
Total number of active participants reported on line 7a of the Form 55002011-01-01388
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-01113
Total of all active and inactive participants2011-01-01501
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-012
Total participants2011-01-01503
Number of participants with account balances2011-01-01414
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-012
2010: FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF THE U.S. VIRGIN ISLANDS AND THE USA 2010 401k membership
Total participants, beginning-of-year2010-01-01665
Total number of active participants reported on line 7a of the Form 55002010-01-01718
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-0180
Total of all active and inactive participants2010-01-01798
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-01798
Number of participants with account balances2010-01-01396
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-016
2009: FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF THE U.S. VIRGIN ISLANDS AND THE USA 2009 401k membership
Total participants, beginning-of-year2009-01-01459
Total number of active participants reported on line 7a of the Form 55002009-01-01600
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0159
Total of all active and inactive participants2009-01-01659
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-011
Total participants2009-01-01660
Number of participants with account balances2009-01-01282
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF THE U.S. VIRGIN ISLANDS AND THE USA

Measure Date Value
2022 : FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF THE U.S. VIRGIN ISLANDS AND THE USA 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$-1,652,878
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$1,642,189
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$1,636,382
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$1,612,812
Value of total assets at end of year2022-12-31$19,550,994
Value of total assets at beginning of year2022-12-31$22,846,061
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$5,807
Total interest from all sources2022-12-31$33,002
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$429,683
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$429,683
Administrative expenses professional fees incurred2022-12-31$5,807
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$30,000,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$1,194,760
Participant contributions at end of year2022-12-31$593,719
Participant contributions at beginning of year2022-12-31$644,515
Participant contributions at end of year2022-12-31$36,184
Participant contributions at beginning of year2022-12-31$32,974
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$10,784
Total non interest bearing cash at end of year2022-12-31$2,252
Total non interest bearing cash at beginning of year2022-12-31$3,477
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-3,295,067
Value of net assets at end of year (total assets less liabilities)2022-12-31$19,550,994
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$22,846,061
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$16,124,851
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$19,320,501
Interest on participant loans2022-12-31$33,002
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$2,591,807
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$2,644,552
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$2,644,552
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-3,728,375
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$407,268
Employer contributions (assets) at end of year2022-12-31$202,181
Employer contributions (assets) at beginning of year2022-12-31$200,042
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$1,636,382
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31CROWE LLP
Accountancy firm EIN2022-12-31350921680
2021 : FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF THE U.S. VIRGIN ISLANDS AND THE USA 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$4,357,191
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$1,934,852
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$1,928,411
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$1,537,692
Value of total assets at end of year2021-12-31$22,846,061
Value of total assets at beginning of year2021-12-31$20,423,722
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$6,441
Total interest from all sources2021-12-31$34,768
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$485,774
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$485,774
Administrative expenses professional fees incurred2021-12-31$6,441
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$30,000,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$1,130,199
Participant contributions at end of year2021-12-31$644,515
Participant contributions at beginning of year2021-12-31$554,815
Participant contributions at end of year2021-12-31$32,974
Participant contributions at beginning of year2021-12-31$47,051
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$877
Total non interest bearing cash at end of year2021-12-31$3,477
Total non interest bearing cash at beginning of year2021-12-31$11,554
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$2,422,339
Value of net assets at end of year (total assets less liabilities)2021-12-31$22,846,061
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$20,423,722
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$19,320,501
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$16,295,614
Interest on participant loans2021-12-31$34,768
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2021-12-31$2,644,552
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-12-31$3,295,857
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-12-31$3,295,857
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$2,298,957
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$406,616
Employer contributions (assets) at end of year2021-12-31$200,042
Employer contributions (assets) at beginning of year2021-12-31$218,831
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$1,928,411
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31CROWE LLP
Accountancy firm EIN2021-12-31350921680
2020 : FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF THE U.S. VIRGIN ISLANDS AND THE USA 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$3,952,517
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$1,356,503
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$1,335,897
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$1,709,458
Value of total assets at end of year2020-12-31$20,423,722
Value of total assets at beginning of year2020-12-31$17,827,708
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$20,606
Total interest from all sources2020-12-31$36,906
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$389,052
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$389,052
Administrative expenses professional fees incurred2020-12-31$20,606
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$35,000,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$1,232,466
Participant contributions at end of year2020-12-31$554,815
Participant contributions at beginning of year2020-12-31$549,527
Participant contributions at end of year2020-12-31$47,051
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$33,359
Total non interest bearing cash at end of year2020-12-31$11,554
Total non interest bearing cash at beginning of year2020-12-31$22,208
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$2,596,014
Value of net assets at end of year (total assets less liabilities)2020-12-31$20,423,722
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$17,827,708
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$16,295,614
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$14,072,151
Interest on participant loans2020-12-31$36,906
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2020-12-31$3,295,857
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2020-12-31$2,985,394
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2020-12-31$2,985,394
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$1,817,101
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$443,633
Employer contributions (assets) at end of year2020-12-31$218,831
Employer contributions (assets) at beginning of year2020-12-31$198,428
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$1,335,897
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Unqualified
Accountancy firm name2020-12-31CROWE LLP
Accountancy firm EIN2020-12-31350921680
2019 : FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF THE U.S. VIRGIN ISLANDS AND THE USA 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total income from all sources (including contributions)2019-12-31$4,462,067
Total income from all sources (including contributions)2019-12-31$4,462,067
Total loss/gain on sale of assets2019-12-31$0
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$682,594
Total of all expenses incurred2019-12-31$682,594
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$674,691
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$674,691
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$1,559,048
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$1,559,048
Value of total assets at end of year2019-12-31$17,827,708
Value of total assets at end of year2019-12-31$17,827,708
Value of total assets at beginning of year2019-12-31$14,048,235
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$7,903
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$7,903
Total interest from all sources2019-12-31$35,251
Total interest from all sources2019-12-31$35,251
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$548,977
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$548,977
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$548,977
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$548,977
Administrative expenses professional fees incurred2019-12-31$7,903
Administrative expenses professional fees incurred2019-12-31$7,903
Was this plan covered by a fidelity bond2019-12-31Yes
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$35,000,000
Value of fidelity bond cover2019-12-31$35,000,000
If this is an individual account plan, was there a blackout period2019-12-31No
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$1,116,486
Contributions received from participants2019-12-31$1,116,486
Participant contributions at end of year2019-12-31$549,527
Participant contributions at end of year2019-12-31$549,527
Participant contributions at beginning of year2019-12-31$469,928
Participant contributions at beginning of year2019-12-31$469,928
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$30,801
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$30,801
Total non interest bearing cash at end of year2019-12-31$22,208
Total non interest bearing cash at end of year2019-12-31$22,208
Total non interest bearing cash at beginning of year2019-12-31$52,279
Total non interest bearing cash at beginning of year2019-12-31$52,279
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$3,779,473
Value of net income/loss2019-12-31$3,779,473
Value of net assets at end of year (total assets less liabilities)2019-12-31$17,827,708
Value of net assets at end of year (total assets less liabilities)2019-12-31$17,827,708
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$14,048,235
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$14,048,235
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$14,072,151
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$14,072,151
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$10,194,156
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$10,194,156
Interest on participant loans2019-12-31$35,251
Interest on participant loans2019-12-31$35,251
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$2,985,394
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$2,773,527
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$2,773,527
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$2,318,791
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$2,318,791
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31Yes
Was there a failure to transmit to the plan any participant contributions2019-12-31Yes
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Assets. Invements in employer securities at beginning of year2019-12-31$474,859
Assets. Invements in employer securities at beginning of year2019-12-31$474,859
Contributions received in cash from employer2019-12-31$411,761
Employer contributions (assets) at end of year2019-12-31$198,428
Employer contributions (assets) at end of year2019-12-31$198,428
Employer contributions (assets) at beginning of year2019-12-31$83,486
Employer contributions (assets) at beginning of year2019-12-31$83,486
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$674,691
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$674,691
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31No
Opinion of an independent qualified public accountant for this plan2019-12-31Unqualified
Opinion of an independent qualified public accountant for this plan2019-12-31Unqualified
Accountancy firm name2019-12-31CROWE LLP
Accountancy firm name2019-12-31CROWE LLP
Accountancy firm EIN2019-12-31350921680
Accountancy firm EIN2019-12-31350921680
2018 : FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF THE U.S. VIRGIN ISLANDS AND THE USA 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total income from all sources (including contributions)2018-12-31$1,080,147
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$904,464
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$893,252
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$1,315,828
Value of total assets at end of year2018-12-31$14,048,235
Value of total assets at beginning of year2018-12-31$13,872,552
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$11,212
Total interest from all sources2018-12-31$30,602
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$934,035
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$934,035
Administrative expenses professional fees incurred2018-12-31$11,212
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$35,000,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$996,326
Participant contributions at end of year2018-12-31$469,928
Participant contributions at beginning of year2018-12-31$560,301
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$68,928
Total non interest bearing cash at end of year2018-12-31$52,279
Total non interest bearing cash at beginning of year2018-12-31$46,325
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$175,683
Value of net assets at end of year (total assets less liabilities)2018-12-31$14,048,235
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$13,872,552
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$10,194,156
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$10,421,752
Interest on participant loans2018-12-31$30,602
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2018-12-31$2,773,527
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2018-12-31$2,588,311
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2018-12-31$2,588,311
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-1,200,318
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31Yes
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Assets. Invements in employer securities at end of year2018-12-31$474,859
Assets. Invements in employer securities at beginning of year2018-12-31$255,863
Contributions received in cash from employer2018-12-31$250,574
Employer contributions (assets) at end of year2018-12-31$83,486
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$893,252
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31No
Opinion of an independent qualified public accountant for this plan2018-12-31Unqualified
Accountancy firm name2018-12-31CROWE LLP
Accountancy firm EIN2018-12-31350921680
2017 : FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF THE U.S. VIRGIN ISLANDS AND THE USA 2017 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2017-12-31$-42,718
Total unrealized appreciation/depreciation of assets2017-12-31$-42,718
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$17,308
Total income from all sources (including contributions)2017-12-31$2,823,264
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$1,246,942
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$1,232,148
Expenses. Certain deemed distributions of participant loans2017-12-31$1,855
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$1,251,607
Value of total assets at end of year2017-12-31$13,872,552
Value of total assets at beginning of year2017-12-31$12,313,538
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$12,939
Total interest from all sources2017-12-31$29,864
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$455,691
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$455,691
Administrative expenses professional fees incurred2017-12-31$12,939
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$1,000,000
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$982,547
Participant contributions at end of year2017-12-31$560,301
Participant contributions at beginning of year2017-12-31$602,773
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$125,194
Liabilities. Value of operating payables at beginning of year2017-12-31$17,308
Total non interest bearing cash at end of year2017-12-31$46,325
Total non interest bearing cash at beginning of year2017-12-31$49,265
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$1,576,322
Value of net assets at end of year (total assets less liabilities)2017-12-31$13,872,552
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$12,296,230
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$10,421,752
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$8,710,259
Interest on participant loans2017-12-31$29,864
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2017-12-31$2,588,311
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2017-12-31$2,660,892
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2017-12-31$2,660,892
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$1,128,820
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31Yes
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Assets. Invements in employer securities at end of year2017-12-31$255,863
Assets. Invements in employer securities at beginning of year2017-12-31$290,349
Contributions received in cash from employer2017-12-31$143,866
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$1,232,148
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31No
Opinion of an independent qualified public accountant for this plan2017-12-31Unqualified
Accountancy firm name2017-12-31CROWE LLP
Accountancy firm EIN2017-12-31350921680
2016 : FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF THE U.S. VIRGIN ISLANDS AND THE USA 2016 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2016-12-31$21,262
Total unrealized appreciation/depreciation of assets2016-12-31$21,262
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$17,308
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total income from all sources (including contributions)2016-12-31$2,037,238
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$1,362,739
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$1,350,456
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$1,202,554
Value of total assets at end of year2016-12-31$12,313,538
Value of total assets at beginning of year2016-12-31$11,621,731
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$12,283
Total interest from all sources2016-12-31$27,138
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$306,313
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$306,313
Administrative expenses professional fees incurred2016-12-31$12,283
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$1,000,000
If this is an individual account plan, was there a blackout period2016-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$909,070
Participant contributions at end of year2016-12-31$602,773
Participant contributions at beginning of year2016-12-31$619,419
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$155,416
Liabilities. Value of operating payables at end of year2016-12-31$17,308
Total non interest bearing cash at end of year2016-12-31$49,265
Total non interest bearing cash at beginning of year2016-12-31$49,638
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$674,499
Value of net assets at end of year (total assets less liabilities)2016-12-31$12,296,230
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$11,621,731
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$8,710,259
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$7,947,096
Interest on participant loans2016-12-31$27,138
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2016-12-31$2,660,892
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2016-12-31$2,827,672
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2016-12-31$2,827,672
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$479,971
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Assets. Invements in employer securities at end of year2016-12-31$290,349
Assets. Invements in employer securities at beginning of year2016-12-31$177,906
Contributions received in cash from employer2016-12-31$138,068
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$1,350,456
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32016-12-31Yes
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31No
Opinion of an independent qualified public accountant for this plan2016-12-31Unqualified
Accountancy firm name2016-12-31KPMG
Accountancy firm EIN2016-12-31135565207
2015 : FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF THE U.S. VIRGIN ISLANDS AND THE USA 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total income from all sources (including contributions)2015-12-31$1,080,940
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$795,337
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$787,516
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$1,261,306
Value of total assets at end of year2015-12-31$11,621,731
Value of total assets at beginning of year2015-12-31$11,336,128
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$7,821
Total interest from all sources2015-12-31$30,606
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$515,584
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$515,584
Administrative expenses professional fees incurred2015-12-31$7,821
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$1,000,000
If this is an individual account plan, was there a blackout period2015-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$922,105
Participant contributions at end of year2015-12-31$619,419
Participant contributions at beginning of year2015-12-31$629,505
Participant contributions at beginning of year2015-12-31$27,460
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$203,034
Total non interest bearing cash at end of year2015-12-31$49,638
Total non interest bearing cash at beginning of year2015-12-31$4,404
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$285,603
Value of net assets at end of year (total assets less liabilities)2015-12-31$11,621,731
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$11,336,128
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$7,947,096
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$7,449,319
Interest on participant loans2015-12-31$30,606
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2015-12-31$2,827,672
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2015-12-31$2,622,783
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2015-12-31$2,622,783
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-726,556
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31Yes
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Assets. Invements in employer securities at end of year2015-12-31$177,906
Assets. Invements in employer securities at beginning of year2015-12-31$284,884
Contributions received in cash from employer2015-12-31$136,167
Employer contributions (assets) at beginning of year2015-12-31$317,773
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$787,516
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32015-12-31Yes
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31No
Opinion of an independent qualified public accountant for this plan2015-12-31Unqualified
Accountancy firm name2015-12-31KPMG
Accountancy firm EIN2015-12-31135565207
2014 : FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF THE U.S. VIRGIN ISLANDS AND THE USA 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total income from all sources (including contributions)2014-12-31$1,730,211
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$484,039
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$481,879
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$1,298,382
Value of total assets at end of year2014-12-31$11,336,128
Value of total assets at beginning of year2014-12-31$10,089,956
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$2,160
Total interest from all sources2014-12-31$27,004
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$377,143
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$377,143
Administrative expenses professional fees incurred2014-12-31$2,160
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$1,000,000
If this is an individual account plan, was there a blackout period2014-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$837,798
Participant contributions at end of year2014-12-31$629,505
Participant contributions at beginning of year2014-12-31$515,516
Participant contributions at end of year2014-12-31$27,460
Participant contributions at beginning of year2014-12-31$27,014
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$19,705
Total non interest bearing cash at end of year2014-12-31$4,404
Total non interest bearing cash at beginning of year2014-12-31$8,863
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$1,246,172
Value of net assets at end of year (total assets less liabilities)2014-12-31$11,336,128
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$10,089,956
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$7,449,319
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$6,355,697
Interest on participant loans2014-12-31$26,709
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2014-12-31$2,622,783
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2014-12-31$2,790,278
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2014-12-31$2,790,278
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2014-12-31$295
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$27,682
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31Yes
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Assets. Invements in employer securities at end of year2014-12-31$284,884
Assets. Invements in employer securities at beginning of year2014-12-31$388,578
Contributions received in cash from employer2014-12-31$440,879
Employer contributions (assets) at end of year2014-12-31$317,773
Employer contributions (assets) at beginning of year2014-12-31$4,010
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$481,879
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32014-12-31Yes
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31No
Opinion of an independent qualified public accountant for this plan2014-12-31Unqualified
Accountancy firm name2014-12-31KPMG
Accountancy firm EIN2014-12-31135565207
2013 : FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF THE U.S. VIRGIN ISLANDS AND THE USA 2013 401k financial data
Total unrealized appreciation/depreciation of assets2013-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total income from all sources (including contributions)2013-12-31$2,081,342
Total loss/gain on sale of assets2013-12-31$0
Total of all expenses incurred2013-12-31$1,156,501
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$1,156,122
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$944,437
Value of total assets at end of year2013-12-31$10,089,956
Value of total assets at beginning of year2013-12-31$9,165,115
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$379
Total interest from all sources2013-12-31$27,655
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$255,704
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-12-31$255,704
Administrative expenses professional fees incurred2013-12-31$379
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$1,000,000
If this is an individual account plan, was there a blackout period2013-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$797,200
Participant contributions at end of year2013-12-31$515,516
Participant contributions at beginning of year2013-12-31$638,270
Participant contributions at end of year2013-12-31$27,014
Participant contributions at beginning of year2013-12-31$12,355
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$27,975
Total non interest bearing cash at end of year2013-12-31$8,863
Total non interest bearing cash at beginning of year2013-12-31$24,167
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$924,841
Value of net assets at end of year (total assets less liabilities)2013-12-31$10,089,956
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$9,165,115
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$6,355,697
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$5,483,584
Interest on participant loans2013-12-31$27,359
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-12-31$2,790,278
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-12-31$2,889,547
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-12-31$2,889,547
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2013-12-31$296
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$853,546
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31Yes
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Assets. Invements in employer securities at end of year2013-12-31$388,578
Assets. Invements in employer securities at beginning of year2013-12-31$115,618
Contributions received in cash from employer2013-12-31$119,262
Employer contributions (assets) at end of year2013-12-31$4,010
Employer contributions (assets) at beginning of year2013-12-31$1,574
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$1,156,122
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32013-12-31Yes
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31No
Opinion of an independent qualified public accountant for this plan2013-12-31Unqualified
Accountancy firm name2013-12-31KPMG
Accountancy firm EIN2013-12-31135565207
2012 : FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF THE U.S. VIRGIN ISLANDS AND THE USA 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total income from all sources (including contributions)2012-12-31$1,477,431
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$566,597
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$564,451
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$791,176
Value of total assets at end of year2012-12-31$9,165,115
Value of total assets at beginning of year2012-12-31$8,254,281
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$2,146
Total interest from all sources2012-12-31$31,935
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$226,878
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$226,878
Administrative expenses professional fees incurred2012-12-31$2,146
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$1,000,000
If this is an individual account plan, was there a blackout period2012-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$679,485
Participant contributions at end of year2012-12-31$638,270
Participant contributions at beginning of year2012-12-31$615,046
Participant contributions at end of year2012-12-31$12,355
Participant contributions at beginning of year2012-12-31$9,388
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$12,435
Total non interest bearing cash at end of year2012-12-31$24,167
Total non interest bearing cash at beginning of year2012-12-31$24,949
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$910,834
Value of net assets at end of year (total assets less liabilities)2012-12-31$9,165,115
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$8,254,281
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$5,483,584
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$4,472,792
Interest on participant loans2012-12-31$31,642
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$2,889,547
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$3,049,810
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$3,049,810
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-31$293
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$427,442
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31Yes
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Assets. Invements in employer securities at end of year2012-12-31$115,618
Assets. Invements in employer securities at beginning of year2012-12-31$80,976
Contributions received in cash from employer2012-12-31$99,256
Employer contributions (assets) at end of year2012-12-31$1,574
Employer contributions (assets) at beginning of year2012-12-31$1,320
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$564,451
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32012-12-31Yes
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31No
Opinion of an independent qualified public accountant for this plan2012-12-31Unqualified
Accountancy firm name2012-12-31KPMG
Accountancy firm EIN2012-12-31135565207
2011 : FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF THE U.S. VIRGIN ISLANDS AND THE USA 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$36,405
Total income from all sources (including contributions)2011-12-31$680,436
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$822,648
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$821,748
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$794,996
Value of total assets at end of year2011-12-31$8,254,281
Value of total assets at beginning of year2011-12-31$8,432,898
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$900
Total interest from all sources2011-12-31$29,663
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$111,630
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$111,630
Administrative expenses professional fees incurred2011-12-31$900
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$500,000
If this is an individual account plan, was there a blackout period2011-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$686,923
Participant contributions at end of year2011-12-31$615,046
Participant contributions at beginning of year2011-12-31$466,515
Participant contributions at end of year2011-12-31$9,388
Participant contributions at beginning of year2011-12-31$15,087
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$5,459
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-12-31$7,809
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2011-12-31$36,405
Total non interest bearing cash at end of year2011-12-31$24,949
Total non interest bearing cash at beginning of year2011-12-31$41,016
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-142,212
Value of net assets at end of year (total assets less liabilities)2011-12-31$8,254,281
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$8,396,493
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$4,472,792
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$4,769,685
Interest on participant loans2011-12-31$29,663
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$3,049,810
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$3,033,777
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$3,033,777
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-255,853
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Assets. Invements in employer securities at end of year2011-12-31$80,976
Assets. Invements in employer securities at beginning of year2011-12-31$96,702
Contributions received in cash from employer2011-12-31$102,614
Employer contributions (assets) at end of year2011-12-31$1,320
Employer contributions (assets) at beginning of year2011-12-31$2,307
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$821,748
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32011-12-31Yes
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31No
Opinion of an independent qualified public accountant for this plan2011-12-31Unqualified
Accountancy firm name2011-12-31PRICEWATERHOUSECOOPERS, LLP
Accountancy firm EIN2011-12-31134008324
2010 : FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF THE U.S. VIRGIN ISLANDS AND THE USA 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total transfer of assets to this plan2010-12-31$2,414,355
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$36,405
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$1,120,098
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$997,716
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$986,748
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$738,990
Value of total assets at end of year2010-12-31$8,432,898
Value of total assets at beginning of year2010-12-31$5,859,756
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$10,968
Total interest from all sources2010-12-31$32,172
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$136,270
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$136,270
Administrative expenses professional fees incurred2010-12-31$10,968
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$500,000
If this is an individual account plan, was there a blackout period2010-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$641,925
Participant contributions at end of year2010-12-31$466,515
Participant contributions at beginning of year2010-12-31$482,452
Participant contributions at end of year2010-12-31$15,087
Participant contributions at beginning of year2010-12-31$31,597
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$7,809
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-12-31$16,983
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2010-12-31$36,405
Total non interest bearing cash at end of year2010-12-31$41,016
Total non interest bearing cash at beginning of year2010-12-31$7,805
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Income. Non cash contributions2010-12-31$0
Value of net income/loss2010-12-31$122,382
Value of net assets at end of year (total assets less liabilities)2010-12-31$8,396,493
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$5,859,756
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$4,769,685
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$2,793,508
Interest on participant loans2010-12-31$32,172
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$3,033,777
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$2,270,831
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$2,270,831
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$212,666
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31Yes
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Assets. Invements in employer securities at end of year2010-12-31$96,702
Assets. Invements in employer securities at beginning of year2010-12-31$150,371
Contributions received in cash from employer2010-12-31$97,065
Employer contributions (assets) at end of year2010-12-31$2,307
Employer contributions (assets) at beginning of year2010-12-31$106,209
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$986,748
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-12-31Yes
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31No
Opinion of an independent qualified public accountant for this plan2010-12-31Unqualified
Accountancy firm name2010-12-31PRICEWATERHOUSECOOPERS, LLP
Accountancy firm EIN2010-12-31134008324
2009 : FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF THE U.S. VIRGIN ISLANDS AND THE USA 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF THE U.S. VIRGIN ISLANDS AND THE USA

2022: FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF THE U.S. VIRGIN ISLANDS AND THE USA 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF THE U.S. VIRGIN ISLANDS AND THE USA 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF THE U.S. VIRGIN ISLANDS AND THE USA 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF THE U.S. VIRGIN ISLANDS AND THE USA 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF THE U.S. VIRGIN ISLANDS AND THE USA 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF THE U.S. VIRGIN ISLANDS AND THE USA 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF THE U.S. VIRGIN ISLANDS AND THE USA 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF THE U.S. VIRGIN ISLANDS AND THE USA 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF THE U.S. VIRGIN ISLANDS AND THE USA 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF THE U.S. VIRGIN ISLANDS AND THE USA 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF THE U.S. VIRGIN ISLANDS AND THE USA 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF THE U.S. VIRGIN ISLANDS AND THE USA 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF THE U.S. VIRGIN ISLANDS AND THE USA 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF THE U.S. VIRGIN ISLANDS AND THE USA 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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