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FIRST COMMUNITY BANCORP, INC. 401K PROFIT SHARING PLAN 401k Plan overview

Plan NameFIRST COMMUNITY BANCORP, INC. 401K PROFIT SHARING PLAN
Plan identification number 001

FIRST COMMUNITY BANCORP, INC. 401K PROFIT SHARING PLAN 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.
  • 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

FIRST COMMUNITY BANCORP, INC. has sponsored the creation of one or more 401k plans.

Company Name:FIRST COMMUNITY BANCORP, INC.
Employer identification number (EIN):810493137
NAIC Classification:522110
NAIC Description:Commercial Banking

Additional information about FIRST COMMUNITY BANCORP, INC.

Jurisdiction of Incorporation: Florida Department of State Division of Corporations
Incorporation Date: 1998-11-23
Company Identification Number: P98000099141
Legal Registered Office Address: 104 SOUTH LAKE STREET

PAHOKEE

33476

More information about FIRST COMMUNITY BANCORP, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST COMMUNITY BANCORP, INC. 401K PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01SAMUEL D. WATERS2018-03-02
0012016-01-01SAMUEL D. WATERS2017-03-02
0012015-01-01SAMUEL D. WATERS2016-02-25
0012014-01-01SAMUEL D. WATERS2015-02-04
0012013-01-01SAMUEL D. WATERS2014-02-04
0012012-01-01SAMUEL D. WATERS2013-02-08
0012011-01-01SAMUEL D. WATERS2012-02-23
0012010-01-01KIM BROOKS2011-03-07 SAMUEL D WATERS, PRESIDENT2011-03-07

Plan Statistics for FIRST COMMUNITY BANCORP, INC. 401K PROFIT SHARING PLAN

401k plan membership statisitcs for FIRST COMMUNITY BANCORP, INC. 401K PROFIT SHARING PLAN

Measure Date Value
2022: FIRST COMMUNITY BANCORP, INC. 401K PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-0179
Total number of active participants reported on line 7a of the Form 55002022-01-010
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-010
Total of all active and inactive participants2022-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-010
Number of participants with account balances2022-01-010
2021: FIRST COMMUNITY BANCORP, INC. 401K PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-0184
Total number of active participants reported on line 7a of the Form 55002021-01-0169
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0110
Total of all active and inactive participants2021-01-0179
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-0179
Number of participants with account balances2021-01-0179
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-011
2020: FIRST COMMUNITY BANCORP, INC. 401K PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-0180
Total number of active participants reported on line 7a of the Form 55002020-01-0173
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0111
Total of all active and inactive participants2020-01-0184
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-0184
Number of participants with account balances2020-01-0183
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-012
2019: FIRST COMMUNITY BANCORP, INC. 401K PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-0182
Total number of active participants reported on line 7a of the Form 55002019-01-0175
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-015
Total of all active and inactive participants2019-01-0180
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-0180
Number of participants with account balances2019-01-0176
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: FIRST COMMUNITY BANCORP, INC. 401K PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-0175
Total number of active participants reported on line 7a of the Form 55002018-01-0171
Number of retired or separated participants receiving benefits2018-01-016
Number of other retired or separated participants entitled to future benefits2018-01-015
Total of all active and inactive participants2018-01-0182
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-0182
Number of participants with account balances2018-01-0174
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-013

Financial Data on FIRST COMMUNITY BANCORP, INC. 401K PROFIT SHARING PLAN

Measure Date Value
2022 : FIRST COMMUNITY BANCORP, INC. 401K PROFIT SHARING PLAN 2022 401k financial data
Transfers to/from the plan2022-10-06$0
Total plan liabilities at end of year2022-10-06$0
Total plan liabilities at beginning of year2022-10-06$0
Total income from all sources2022-10-06$-685,405
Expenses. Total of all expenses incurred2022-10-06$10,553,342
Benefits paid (including direct rollovers)2022-10-06$10,525,486
Total plan assets at end of year2022-10-06$0
Total plan assets at beginning of year2022-10-06$11,238,747
Value of fidelity bond covering the plan2022-10-06$5,000,000
Total contributions received or receivable from participants2022-10-06$195,683
Expenses. Other expenses not covered elsewhere2022-10-06$0
Contributions received from other sources (not participants or employers)2022-10-06$0
Other income received2022-10-06$-1,593,474
Noncash contributions received2022-10-06$0
Net income (gross income less expenses)2022-10-06$-11,238,747
Net plan assets at end of year (total assets less liabilities)2022-10-06$0
Net plan assets at beginning of year (total assets less liabilities)2022-10-06$11,238,747
Assets. Value of participant loans2022-10-06$0
Total contributions received or receivable from employer(s)2022-10-06$712,386
Value of certain deemed distributions of participant loans2022-10-06$0
Value of corrective distributions2022-10-06$12,544
Expenses. Administrative service providers (salaries,fees and commissions)2022-10-06$15,312
2021 : FIRST COMMUNITY BANCORP, INC. 401K PROFIT SHARING PLAN 2021 401k financial data
Transfers to/from the plan2021-12-31$0
Total plan liabilities at end of year2021-12-31$0
Total plan liabilities at beginning of year2021-12-31$0
Total income from all sources2021-12-31$2,036,314
Expenses. Total of all expenses incurred2021-12-31$577,395
Benefits paid (including direct rollovers)2021-12-31$555,898
Total plan assets at end of year2021-12-31$11,238,747
Total plan assets at beginning of year2021-12-31$9,779,828
Value of fidelity bond covering the plan2021-12-31$5,000,000
Assets. Value of tangible personal property2021-12-31$0
Total contributions received or receivable from participants2021-12-31$405,001
Assets. Value of loans (other than to participants)2021-12-31$0
Expenses. Other expenses not covered elsewhere2021-12-31$0
Contributions received from other sources (not participants or employers)2021-12-31$0
Other income received2021-12-31$1,148,862
Noncash contributions received2021-12-31$0
Net income (gross income less expenses)2021-12-31$1,458,919
Net plan assets at end of year (total assets less liabilities)2021-12-31$11,238,747
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$9,779,828
Assets. Value of participant loans2021-12-31$128,193
Assets. Value of assets in partnership/joint-venture interests2021-12-31$0
Assets. Value of real-estate (other than employer real property)2021-12-31$0
Assets. Value of employer securities2021-12-31$0
Assets. Value of employer real property2021-12-31$0
Total contributions received or receivable from employer(s)2021-12-31$482,451
Value of certain deemed distributions of participant loans2021-12-31$0
Value of corrective distributions2021-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$21,497
2020 : FIRST COMMUNITY BANCORP, INC. 401K PROFIT SHARING PLAN 2020 401k financial data
Transfers to/from the plan2020-12-31$0
Total plan liabilities at end of year2020-12-31$0
Total plan liabilities at beginning of year2020-12-31$0
Total income from all sources2020-12-31$2,036,276
Expenses. Total of all expenses incurred2020-12-31$1,130,236
Benefits paid (including direct rollovers)2020-12-31$1,113,823
Total plan assets at end of year2020-12-31$9,779,828
Total plan assets at beginning of year2020-12-31$8,873,788
Value of fidelity bond covering the plan2020-12-31$5,000,000
Assets. Value of tangible personal property2020-12-31$0
Total contributions received or receivable from participants2020-12-31$347,038
Assets. Value of loans (other than to participants)2020-12-31$0
Expenses. Other expenses not covered elsewhere2020-12-31$0
Contributions received from other sources (not participants or employers)2020-12-31$0
Other income received2020-12-31$1,258,714
Noncash contributions received2020-12-31$0
Net income (gross income less expenses)2020-12-31$906,040
Net plan assets at end of year (total assets less liabilities)2020-12-31$9,779,828
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$8,873,788
Assets. Value of participant loans2020-12-31$160,580
Assets. Value of assets in partnership/joint-venture interests2020-12-31$0
Assets. Value of real-estate (other than employer real property)2020-12-31$0
Assets. Value of employer securities2020-12-31$0
Assets. Value of employer real property2020-12-31$0
Total contributions received or receivable from employer(s)2020-12-31$430,524
Value of certain deemed distributions of participant loans2020-12-31$0
Value of corrective distributions2020-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$16,413
2019 : FIRST COMMUNITY BANCORP, INC. 401K PROFIT SHARING PLAN 2019 401k financial data
Transfers to/from the plan2019-12-31$0
Total plan liabilities at end of year2019-12-31$0
Total plan liabilities at beginning of year2019-12-31$0
Total income from all sources2019-12-31$1,827,491
Expenses. Total of all expenses incurred2019-12-31$729,246
Benefits paid (including direct rollovers)2019-12-31$714,715
Total plan assets at end of year2019-12-31$8,873,788
Total plan assets at beginning of year2019-12-31$7,775,543
Value of fidelity bond covering the plan2019-12-31$5,000,000
Total contributions received or receivable from participants2019-12-31$292,121
Expenses. Other expenses not covered elsewhere2019-12-31$0
Contributions received from other sources (not participants or employers)2019-12-31$0
Other income received2019-12-31$1,535,370
Noncash contributions received2019-12-31$0
Net income (gross income less expenses)2019-12-31$1,098,245
Net plan assets at end of year (total assets less liabilities)2019-12-31$8,873,788
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$7,775,543
Assets. Value of participant loans2019-12-31$185,642
Total contributions received or receivable from employer(s)2019-12-31$0
Value of certain deemed distributions of participant loans2019-12-31$0
Value of corrective distributions2019-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$14,531
2018 : FIRST COMMUNITY BANCORP, INC. 401K PROFIT SHARING PLAN 2018 401k financial data
Transfers to/from the plan2018-12-31$0
Total plan liabilities at end of year2018-12-31$0
Total plan liabilities at beginning of year2018-12-31$0
Total income from all sources2018-12-31$289,822
Expenses. Total of all expenses incurred2018-12-31$816,536
Benefits paid (including direct rollovers)2018-12-31$813,501
Total plan assets at end of year2018-12-31$7,775,543
Total plan assets at beginning of year2018-12-31$8,302,257
Value of fidelity bond covering the plan2018-12-31$5,000,000
Total contributions received or receivable from participants2018-12-31$264,888
Expenses. Other expenses not covered elsewhere2018-12-31$0
Contributions received from other sources (not participants or employers)2018-12-31$29,964
Other income received2018-12-31$-405,418
Noncash contributions received2018-12-31$0
Net income (gross income less expenses)2018-12-31$-526,714
Net plan assets at end of year (total assets less liabilities)2018-12-31$7,775,543
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$8,302,257
Assets. Value of participant loans2018-12-31$207,772
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022018-12-31$0
Total contributions received or receivable from employer(s)2018-12-31$400,388
Value of certain deemed distributions of participant loans2018-12-31$0
Value of corrective distributions2018-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$3,035

Form 5500 Responses for FIRST COMMUNITY BANCORP, INC. 401K PROFIT SHARING PLAN

2022: FIRST COMMUNITY BANCORP, INC. 401K PROFIT SHARING PLAN 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 filingYes
2022-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: FIRST COMMUNITY BANCORP, INC. 401K PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01This submission is the final filingNo
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: FIRST COMMUNITY BANCORP, INC. 401K PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01This submission is the final filingNo
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: FIRST COMMUNITY BANCORP, INC. 401K PROFIT SHARING PLAN 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: FIRST COMMUNITY BANCORP, INC. 401K PROFIT SHARING PLAN 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

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