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FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF PUERTO RICO 401k Plan overview

Plan NameFIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF PUERTO RICO
Plan identification number 002

FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF PUERTO RICO 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.
  • 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.
  • Plan not intended to be qualified - A plan not intended to be qualified under Code sections 401, 403, or 408.
  • 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 PUERTO RICO

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01
0022021-01-01
0022020-01-01
0022019-01-01
0022018-01-01
0022017-01-01MIGDALIA LEBRON-MARBELT
0022016-01-01MIGDALIA LEBRON-MARBELT MIGDALIA LEBRON-MARBELT2017-10-16
0022015-01-01MIGDALIA LEBRON-MARBELT
0022014-01-01MIGDALIA LEBRON-MARBELT
0022013-01-01MIGDALIA LEBRON-MARBELT
0022012-01-01MIGDALIA LEBRON-MARBELT
0022011-01-01MIGDALIA LEBRON-MARBELT
0022010-01-01MIGDALIA LEBRON-MARBELT AIDA M. GARCIA2011-10-07
0022009-01-01MIGDALIA LEBRON-MARBELT MIGDALIA LEBRON-MARBELT2010-10-14

Plan Statistics for FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF PUERTO RICO

401k plan membership statisitcs for FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF PUERTO RICO

Measure Date Value
2022: FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF PUERTO RICO 2022 401k membership
Total participants, beginning-of-year2022-01-013,430
Total number of active participants reported on line 7a of the Form 55002022-01-012,845
Number of retired or separated participants receiving benefits2022-01-0141
Number of other retired or separated participants entitled to future benefits2022-01-01580
Total of all active and inactive participants2022-01-013,466
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-0110
Total participants2022-01-013,476
Number of participants with account balances2022-01-013,311
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-0122
2021: FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF PUERTO RICO 2021 401k membership
Total participants, beginning-of-year2021-01-013,502
Total number of active participants reported on line 7a of the Form 55002021-01-012,731
Number of retired or separated participants receiving benefits2021-01-0142
Number of other retired or separated participants entitled to future benefits2021-01-01613
Total of all active and inactive participants2021-01-013,386
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-018
Total participants2021-01-013,394
Number of participants with account balances2021-01-013,213
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-01103
2020: FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF PUERTO RICO 2020 401k membership
Total participants, beginning-of-year2020-01-012,686
Total number of active participants reported on line 7a of the Form 55002020-01-013,087
Number of retired or separated participants receiving benefits2020-01-011
Number of other retired or separated participants entitled to future benefits2020-01-01402
Total of all active and inactive participants2020-01-013,490
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-019
Total participants2020-01-013,499
Number of participants with account balances2020-01-012,547
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-0134
2019: FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF PUERTO RICO 2019 401k membership
Total participants, beginning-of-year2019-01-012,593
Total number of active participants reported on line 7a of the Form 55002019-01-012,326
Number of retired or separated participants receiving benefits2019-01-011
Number of other retired or separated participants entitled to future benefits2019-01-01341
Total of all active and inactive participants2019-01-012,668
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-012
Total participants2019-01-012,670
Number of participants with account balances2019-01-012,521
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-0123
2018: FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF PUERTO RICO 2018 401k membership
Total participants, beginning-of-year2018-01-012,518
Total number of active participants reported on line 7a of the Form 55002018-01-012,122
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-01293
Total of all active and inactive participants2018-01-012,415
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-011
Total participants2018-01-012,416
Number of participants with account balances2018-01-012,415
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 PUERTO RICO 2017 401k membership
Total participants, beginning-of-year2017-01-012,598
Total number of active participants reported on line 7a of the Form 55002017-01-012,239
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-01278
Total of all active and inactive participants2017-01-012,517
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-011
Total participants2017-01-012,518
Number of participants with account balances2017-01-012,346
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 PUERTO RICO 2016 401k membership
Total participants, beginning-of-year2016-01-012,593
Total number of active participants reported on line 7a of the Form 55002016-01-012,259
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-01339
Total of all active and inactive participants2016-01-012,598
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-012,598
Number of participants with account balances2016-01-012,421
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 PUERTO RICO 2015 401k membership
Total participants, beginning-of-year2015-01-012,312
Total number of active participants reported on line 7a of the Form 55002015-01-012,251
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-01339
Total of all active and inactive participants2015-01-012,590
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-013
Total participants2015-01-012,593
Number of participants with account balances2015-01-012,421
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 PUERTO RICO 2014 401k membership
Total participants, beginning-of-year2014-01-012,285
Total number of active participants reported on line 7a of the Form 55002014-01-012,014
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-01285
Total of all active and inactive participants2014-01-012,299
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-011
Total participants2014-01-012,300
Number of participants with account balances2014-01-012,191
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 PUERTO RICO 2013 401k membership
Total participants, beginning-of-year2013-01-012,371
Total number of active participants reported on line 7a of the Form 55002013-01-012,023
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-01228
Total of all active and inactive participants2013-01-012,251
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-011
Total participants2013-01-012,252
Number of participants with account balances2013-01-012,102
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF PUERTO RICO 2012 401k membership
Total participants, beginning-of-year2012-01-013,425
Total number of active participants reported on line 7a of the Form 55002012-01-012,021
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-01307
Total of all active and inactive participants2012-01-012,328
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-013
Total participants2012-01-012,331
Number of participants with account balances2012-01-012,091
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-012
2011: FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF PUERTO RICO 2011 401k membership
Total participants, beginning-of-year2011-01-013,356
Total number of active participants reported on line 7a of the Form 55002011-01-012,040
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-011,363
Total of all active and inactive participants2011-01-013,403
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-015
Total participants2011-01-013,408
Number of participants with account balances2011-01-013,044
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-016
2010: FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF PUERTO RICO 2010 401k membership
Total participants, beginning-of-year2010-01-015,029
Total number of active participants reported on line 7a of the Form 55002010-01-014,077
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-01992
Total of all active and inactive participants2010-01-015,069
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-013
Total participants2010-01-015,072
Number of participants with account balances2010-01-012,980
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-0112
2009: FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF PUERTO RICO 2009 401k membership
Total participants, beginning-of-year2009-01-013,347
Total number of active participants reported on line 7a of the Form 55002009-01-013,944
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-011,054
Total of all active and inactive participants2009-01-014,998
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-018
Total participants2009-01-015,006
Number of participants with account balances2009-01-012,931
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 PUERTO RICO

Measure Date Value
2022 : FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF PUERTO RICO 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$0
Total income from all sources (including contributions)2022-12-31$-9,181,841
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$6,827,774
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$6,768,192
Expenses. Certain deemed distributions of participant loans2022-12-31$8,385
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$10,109,766
Value of total assets at end of year2022-12-31$118,043,413
Value of total assets at beginning of year2022-12-31$134,053,028
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$51,197
Total interest from all sources2022-12-31$184,756
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$2,647,971
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Administrative expenses professional fees incurred2022-12-31$51,197
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$35,000,000
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$6,961,009
Participant contributions at end of year2022-12-31$3,409,574
Participant contributions at beginning of year2022-12-31$3,284,291
Participant contributions at end of year2022-12-31$213,501
Participant contributions at beginning of year2022-12-31$200,685
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$458,362
Total non interest bearing cash at end of year2022-12-31$72,306
Total non interest bearing cash at beginning of year2022-12-31$3,005
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-16,009,615
Value of net assets at end of year (total assets less liabilities)2022-12-31$118,043,413
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$134,053,028
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$95,282,321
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$113,997,680
Interest on participant loans2022-12-31$184,756
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$17,585,505
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$15,197,102
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$15,197,102
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-22,124,334
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$2,690,395
Employer contributions (assets) at end of year2022-12-31$1,480,206
Employer contributions (assets) at beginning of year2022-12-31$1,370,265
Income. Dividends from preferred stock2022-12-31$2,647,971
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$6,768,192
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 PUERTO RICO 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$27,463,149
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$7,056,884
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$7,005,093
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$10,394,043
Value of total assets at end of year2021-12-31$134,053,028
Value of total assets at beginning of year2021-12-31$113,646,763
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$51,791
Total interest from all sources2021-12-31$170,738
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$2,812,619
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$2,812,619
Administrative expenses professional fees incurred2021-12-31$51,791
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$35,000,000
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$7,057,022
Participant contributions at end of year2021-12-31$3,284,291
Participant contributions at beginning of year2021-12-31$2,851,337
Participant contributions at end of year2021-12-31$200,685
Participant contributions at beginning of year2021-12-31$203,163
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$589,182
Total non interest bearing cash at end of year2021-12-31$3,005
Total non interest bearing cash at beginning of year2021-12-31$19,718
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$20,406,265
Value of net assets at end of year (total assets less liabilities)2021-12-31$134,053,028
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$113,646,763
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$113,997,680
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$95,078,649
Interest on participant loans2021-12-31$170,738
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2021-12-31$15,197,102
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-12-31$9,477,810
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-12-31$9,477,810
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$5,006,581
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$14,085,749
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 contributions2021-12-31Yes
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$2,747,839
Employer contributions (assets) at end of year2021-12-31$1,370,265
Employer contributions (assets) at beginning of year2021-12-31$1,009,505
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$7,005,093
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 PUERTO RICO 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total transfer of assets to this plan2020-12-31$36,966,068
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$17,014,393
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$4,110,967
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$4,038,172
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$7,605,036
Value of total assets at end of year2020-12-31$113,646,763
Value of total assets at beginning of year2020-12-31$63,777,269
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$72,795
Total interest from all sources2020-12-31$182,872
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$1,389,663
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Administrative expenses professional fees incurred2020-12-31$72,795
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$5,486,392
Participant contributions at end of year2020-12-31$2,851,337
Participant contributions at beginning of year2020-12-31$2,783,310
Participant contributions at end of year2020-12-31$203,163
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$67,373
Total non interest bearing cash at end of year2020-12-31$19,718
Total non interest bearing cash at beginning of year2020-12-31$30,327
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$12,903,426
Value of net assets at end of year (total assets less liabilities)2020-12-31$113,646,763
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$63,777,269
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$95,078,649
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$51,343,025
Interest on participant loans2020-12-31$182,872
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2020-12-31$9,477,810
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2020-12-31$8,635,619
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2020-12-31$8,635,619
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2020-12-31$5,006,581
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$7,836,822
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$2,051,271
Employer contributions (assets) at end of year2020-12-31$1,009,505
Employer contributions (assets) at beginning of year2020-12-31$984,988
Income. Dividends from preferred stock2020-12-31$1,389,663
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$4,038,172
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 PUERTO RICO 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$18,094,102
Total income from all sources (including contributions)2019-12-31$18,094,102
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$2,576,741
Total of all expenses incurred2019-12-31$2,576,741
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$2,514,876
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$2,514,876
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$7,366,720
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$7,366,720
Value of total assets at end of year2019-12-31$63,777,269
Value of total assets at end of year2019-12-31$63,777,269
Value of total assets at beginning of year2019-12-31$48,259,908
Value of total assets at beginning of year2019-12-31$48,259,908
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$61,865
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$61,865
Total interest from all sources2019-12-31$173,495
Total interest from all sources2019-12-31$173,495
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$1,893,793
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$1,893,793
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$1,893,793
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$1,893,793
Administrative expenses professional fees incurred2019-12-31$61,865
Administrative expenses professional fees incurred2019-12-31$61,865
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$5,058,982
Contributions received from participants2019-12-31$5,058,982
Participant contributions at end of year2019-12-31$2,783,310
Participant contributions at end of year2019-12-31$2,783,310
Participant contributions at beginning of year2019-12-31$2,755,253
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$396,786
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$396,786
Total non interest bearing cash at end of year2019-12-31$30,327
Total non interest bearing cash at end of year2019-12-31$30,327
Total non interest bearing cash at beginning of year2019-12-31$236,120
Total non interest bearing cash at beginning of year2019-12-31$236,120
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$15,517,361
Value of net income/loss2019-12-31$15,517,361
Value of net assets at end of year (total assets less liabilities)2019-12-31$63,777,269
Value of net assets at end of year (total assets less liabilities)2019-12-31$63,777,269
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$48,259,908
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$48,259,908
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$51,343,025
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$51,343,025
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$35,671,811
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$35,671,811
Interest on participant loans2019-12-31$173,495
Interest on participant loans2019-12-31$173,495
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$8,635,619
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$8,635,619
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$6,980,286
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$6,980,286
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$6,980,286
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$6,980,286
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$8,660,094
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$8,660,094
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$2,194,311
Assets. Invements in employer securities at beginning of year2019-12-31$2,194,311
Contributions received in cash from employer2019-12-31$1,910,952
Contributions received in cash from employer2019-12-31$1,910,952
Employer contributions (assets) at end of year2019-12-31$984,988
Employer contributions (assets) at end of year2019-12-31$984,988
Employer contributions (assets) at beginning of year2019-12-31$422,127
Employer contributions (assets) at beginning of year2019-12-31$422,127
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$2,514,876
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$2,514,876
Did the plan have assets held for investment2019-12-31Yes
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 PUERTO RICO 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$4,996,358
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$5,930,353
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$5,857,987
Expenses. Certain deemed distributions of participant loans2018-12-31$22,284
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$5,819,453
Value of total assets at end of year2018-12-31$48,259,908
Value of total assets at beginning of year2018-12-31$49,193,903
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$50,082
Total interest from all sources2018-12-31$181,483
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$3,109,574
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$3,109,574
Administrative expenses professional fees incurred2018-12-31$50,082
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$4,430,194
Participant contributions at end of year2018-12-31$2,755,253
Participant contributions at beginning of year2018-12-31$3,045,075
Participant contributions at beginning of year2018-12-31$17,955
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$255,190
Total non interest bearing cash at end of year2018-12-31$236,120
Total non interest bearing cash at beginning of year2018-12-31$268,444
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-933,995
Value of net assets at end of year (total assets less liabilities)2018-12-31$48,259,908
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$49,193,903
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$35,671,811
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$38,508,386
Interest on participant loans2018-12-31$181,483
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2018-12-31$6,980,286
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2018-12-31$6,131,941
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2018-12-31$6,131,941
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-4,114,152
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$2,194,311
Assets. Invements in employer securities at beginning of year2018-12-31$1,222,102
Contributions received in cash from employer2018-12-31$1,134,069
Employer contributions (assets) at end of year2018-12-31$422,127
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$5,857,987
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31No
Opinion of an independent qualified public accountant for this plan2018-12-31Unqualified
Accountancy firm name2018-12-31CROWE LLP
Accountancy firm EIN2018-12-31350921680
2017 : FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF PUERTO RICO 2017 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2017-12-31$-24,079
Total unrealized appreciation/depreciation of assets2017-12-31$-24,079
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$0
Total income from all sources (including contributions)2017-12-31$10,987,948
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$3,309,112
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$3,247,596
Expenses. Certain deemed distributions of participant loans2017-12-31$3,234
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$4,893,406
Value of total assets at end of year2017-12-31$49,193,903
Value of total assets at beginning of year2017-12-31$41,515,067
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$58,282
Total interest from all sources2017-12-31$139,411
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$1,584,789
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$1,584,789
Administrative expenses professional fees incurred2017-12-31$58,282
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$4,038,782
Participant contributions at end of year2017-12-31$3,045,075
Participant contributions at beginning of year2017-12-31$2,337,458
Participant contributions at end of year2017-12-31$17,955
Participant contributions at beginning of year2017-12-31$1,823
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$231,547
Total non interest bearing cash at end of year2017-12-31$268,444
Total non interest bearing cash at beginning of year2017-12-31$488,246
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$7,678,836
Value of net assets at end of year (total assets less liabilities)2017-12-31$49,193,903
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$41,515,067
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$38,508,386
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$30,440,811
Interest on participant loans2017-12-31$139,411
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2017-12-31$6,131,941
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2017-12-31$6,761,704
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2017-12-31$6,761,704
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$4,394,421
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$1,222,102
Assets. Invements in employer securities at beginning of year2017-12-31$1,476,924
Contributions received in cash from employer2017-12-31$623,077
Employer contributions (assets) at beginning of year2017-12-31$8,101
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$3,247,596
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 PUERTO RICO 2016 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2016-12-31$327,142
Total unrealized appreciation/depreciation of assets2016-12-31$327,142
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
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$8,062,366
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$1,929,950
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$1,871,425
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$4,616,948
Value of total assets at end of year2016-12-31$41,515,067
Value of total assets at beginning of year2016-12-31$35,382,651
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$58,525
Total interest from all sources2016-12-31$116,015
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$1,031,062
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$1,031,062
Administrative expenses professional fees incurred2016-12-31$58,525
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 period2016-12-31No
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$3,709,814
Participant contributions at end of year2016-12-31$2,337,458
Participant contributions at beginning of year2016-12-31$2,195,465
Participant contributions at end of year2016-12-31$1,823
Participant contributions at beginning of year2016-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$331,916
Total non interest bearing cash at end of year2016-12-31$488,246
Total non interest bearing cash at beginning of year2016-12-31$179,740
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$6,132,416
Value of net assets at end of year (total assets less liabilities)2016-12-31$41,515,067
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$35,382,651
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$30,440,811
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$25,961,946
Interest on participant loans2016-12-31$116,015
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2016-12-31$6,761,704
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2016-12-31$6,239,538
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2016-12-31$6,239,538
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$1,971,199
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 contributions2016-12-31Yes
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$1,476,924
Assets. Invements in employer securities at beginning of year2016-12-31$720,341
Contributions received in cash from employer2016-12-31$575,218
Employer contributions (assets) at end of year2016-12-31$8,101
Employer contributions (assets) at beginning of year2016-12-31$85,621
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$1,871,425
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 PUERTO RICO 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$3,764,537
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$3,511,789
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$3,467,220
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$4,366,173
Value of total assets at end of year2015-12-31$35,382,651
Value of total assets at beginning of year2015-12-31$35,129,903
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$44,569
Total interest from all sources2015-12-31$108,154
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$1,575,792
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$1,575,792
Administrative expenses professional fees incurred2015-12-31$44,569
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 period2015-12-31No
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$3,333,738
Participant contributions at end of year2015-12-31$2,195,465
Participant contributions at beginning of year2015-12-31$1,955,499
Participant contributions at end of year2015-12-31$0
Participant contributions at beginning of year2015-12-31$97,874
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$485,434
Total non interest bearing cash at end of year2015-12-31$179,740
Total non interest bearing cash at beginning of year2015-12-31$35,130
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$252,748
Value of net assets at end of year (total assets less liabilities)2015-12-31$35,382,651
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$35,129,903
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$25,961,946
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$24,749,710
Interest on participant loans2015-12-31$108,154
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2015-12-31$6,239,538
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2015-12-31$5,851,994
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2015-12-31$5,851,994
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-2,285,582
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$720,341
Assets. Invements in employer securities at beginning of year2015-12-31$777,537
Contributions received in cash from employer2015-12-31$547,001
Employer contributions (assets) at end of year2015-12-31$85,621
Employer contributions (assets) at beginning of year2015-12-31$1,662,159
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$3,467,220
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 PUERTO RICO 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$6,753,864
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$1,946,380
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$1,938,365
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$5,198,852
Value of total assets at end of year2014-12-31$35,129,903
Value of total assets at beginning of year2014-12-31$30,322,419
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$8,015
Total interest from all sources2014-12-31$97,952
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$1,188,264
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$1,188,264
Administrative expenses professional fees incurred2014-12-31$8,015
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 period2014-12-31No
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$2,954,851
Participant contributions at end of year2014-12-31$1,955,499
Participant contributions at beginning of year2014-12-31$1,837,231
Participant contributions at end of year2014-12-31$97,874
Participant contributions at beginning of year2014-12-31$79,762
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$152,232
Total non interest bearing cash at end of year2014-12-31$35,130
Total non interest bearing cash at beginning of year2014-12-31$9,575
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$4,807,484
Value of net assets at end of year (total assets less liabilities)2014-12-31$35,129,903
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$30,322,419
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$24,749,710
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$21,475,818
Interest on participant loans2014-12-31$97,110
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2014-12-31$5,851,994
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2014-12-31$6,008,971
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2014-12-31$6,008,971
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2014-12-31$842
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$268,796
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$777,537
Assets. Invements in employer securities at beginning of year2014-12-31$881,721
Contributions received in cash from employer2014-12-31$2,091,769
Employer contributions (assets) at end of year2014-12-31$1,662,159
Employer contributions (assets) at beginning of year2014-12-31$29,341
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$1,938,365
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 PUERTO RICO 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$8,026,377
Total loss/gain on sale of assets2013-12-31$0
Total of all expenses incurred2013-12-31$5,486,832
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$5,479,256
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$3,644,120
Value of total assets at end of year2013-12-31$30,322,419
Value of total assets at beginning of year2013-12-31$27,782,874
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$7,576
Total interest from all sources2013-12-31$88,990
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$784,995
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$784,995
Administrative expenses professional fees incurred2013-12-31$7,576
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 period2013-12-31No
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$2,595,082
Participant contributions at end of year2013-12-31$1,837,231
Participant contributions at beginning of year2013-12-31$1,936,453
Participant contributions at end of year2013-12-31$79,762
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$621,831
Total non interest bearing cash at end of year2013-12-31$9,575
Total non interest bearing cash at beginning of year2013-12-31$145,653
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$2,539,545
Value of net assets at end of year (total assets less liabilities)2013-12-31$30,322,419
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$27,782,874
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$21,475,818
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$18,992,260
Interest on participant loans2013-12-31$88,398
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-12-31$6,008,971
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-12-31$6,040,236
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-12-31$6,040,236
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2013-12-31$592
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$3,508,272
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$881,721
Assets. Invements in employer securities at beginning of year2013-12-31$668,262
Contributions received in cash from employer2013-12-31$427,207
Employer contributions (assets) at end of year2013-12-31$29,341
Employer contributions (assets) at beginning of year2013-12-31$10
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$5,479,256
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32013-12-31No
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 PUERTO RICO 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$5,233,551
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$1,339,346
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$1,320,726
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$2,657,992
Value of total assets at end of year2012-12-31$27,782,874
Value of total assets at beginning of year2012-12-31$23,888,669
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$18,620
Total interest from all sources2012-12-31$100,087
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$693,884
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$693,884
Administrative expenses professional fees incurred2012-12-31$18,620
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 period2012-12-31No
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$2,197,312
Participant contributions at end of year2012-12-31$1,936,453
Participant contributions at beginning of year2012-12-31$1,753,800
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$91,914
Total non interest bearing cash at end of year2012-12-31$145,653
Total non interest bearing cash at beginning of year2012-12-31$146,514
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$3,894,205
Value of net assets at end of year (total assets less liabilities)2012-12-31$27,782,874
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$23,888,669
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$18,992,260
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$15,751,891
Interest on participant loans2012-12-31$99,489
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$6,040,236
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$5,827,235
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$5,827,235
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-31$598
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$1,781,588
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$668,262
Assets. Invements in employer securities at beginning of year2012-12-31$409,229
Contributions received in cash from employer2012-12-31$368,766
Employer contributions (assets) at end of year2012-12-31$10
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$1,320,726
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32012-12-31No
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 PUERTO RICO 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$169
Total income from all sources (including contributions)2011-12-31$1,874,976
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$1,146,751
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$1,146,389
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$2,350,821
Value of total assets at end of year2011-12-31$23,888,669
Value of total assets at beginning of year2011-12-31$23,160,613
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$362
Total interest from all sources2011-12-31$122,296
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$360,854
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$360,854
Administrative expenses professional fees incurred2011-12-31$362
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 period2011-12-31No
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$1,991,384
Participant contributions at end of year2011-12-31$1,753,800
Participant contributions at beginning of year2011-12-31$1,648,081
Participant contributions at beginning of year2011-12-31$71,401
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$12,142
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-12-31$39,399
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2011-12-31$169
Total non interest bearing cash at end of year2011-12-31$146,514
Total non interest bearing cash at beginning of year2011-12-31$22,953
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$728,225
Value of net assets at end of year (total assets less liabilities)2011-12-31$23,888,669
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$23,160,444
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$15,751,891
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$15,062,059
Interest on participant loans2011-12-31$121,725
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$5,827,235
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$5,807,356
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$5,807,356
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$571
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-958,995
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$409,229
Assets. Invements in employer securities at beginning of year2011-12-31$496,553
Contributions received in cash from employer2011-12-31$347,295
Employer contributions (assets) at beginning of year2011-12-31$12,811
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$1,146,389
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32011-12-31No
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 PUERTO RICO 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$169
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$18,902
Total income from all sources (including contributions)2010-12-31$3,034,044
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$1,342,460
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$1,332,545
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$2,367,007
Value of total assets at end of year2010-12-31$23,160,613
Value of total assets at beginning of year2010-12-31$21,487,762
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$9,915
Total interest from all sources2010-12-31$96,487
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$327,760
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$327,760
Administrative expenses professional fees incurred2010-12-31$9,915
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$1,970,102
Participant contributions at end of year2010-12-31$1,648,081
Participant contributions at beginning of year2010-12-31$1,459,455
Participant contributions at end of year2010-12-31$71,401
Participant contributions at beginning of year2010-12-31$134,078
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$61,147
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$39,399
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-12-31$74,423
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2010-12-31$169
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2010-12-31$18,902
Total non interest bearing cash at end of year2010-12-31$22,953
Total non interest bearing cash at beginning of year2010-12-31$66,296
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
Value of net income/loss2010-12-31$1,691,584
Value of net assets at end of year (total assets less liabilities)2010-12-31$23,160,444
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$21,468,860
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$15,062,059
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$12,490,489
Interest on participant loans2010-12-31$96,487
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$5,807,356
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$5,673,003
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$5,673,003
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$242,790
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
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$496,553
Assets. Invements in employer securities at beginning of year2010-12-31$1,117,645
Contributions received in cash from employer2010-12-31$335,758
Employer contributions (assets) at end of year2010-12-31$12,811
Employer contributions (assets) at beginning of year2010-12-31$472,373
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$1,332,545
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 PUERTO RICO 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 PUERTO RICO

2022: FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF PUERTO RICO 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 PUERTO RICO 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 – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes
2020: FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF PUERTO RICO 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 – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes
2019: FIRSTBANK 401(K) RETIREMENT PLAN FOR RESIDENTS OF PUERTO RICO 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 PUERTO RICO 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 PUERTO RICO 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 PUERTO RICO 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 PUERTO RICO 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 PUERTO RICO 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 PUERTO RICO 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 PUERTO RICO 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 PUERTO RICO 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 PUERTO RICO 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 PUERTO RICO 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

Insurance Providers Used on plan

GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number455731-P1
Policy instance 1
Insurance contract or identification number455731-P1
Number of Individuals Covered0
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number455731-P1
Policy instance 1
Insurance contract or identification number455731-P1
Number of Individuals Covered529
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No

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