ESOP · DOL Form 5500 · 2022

The First, a National Banking Association ESOP

Data updated 2026-08-25

$239K
Total assets Small plan by assets
86
Participants Small participant base
12th
Percentile by assets National rank
$2,779
Avg per participant Low balance/head
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Official DOL plan name: Southwest Georgia Financial Corporation Employee Stock Ownership Plan · Sponsored by The First, a National Banking Association · Mississippi · Finance & Insurance

$239K in assets, 86 participants

The First, a National Banking Association's Southwest Georgia Financial Corporation Employee Stock Ownership Plan reported $239K in total assets and 86 participants in its 2022 DOL Form 5500 filing, ranking in the 12th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #678 in Finance & Insurance (9,261 peers)

2022 asset change

Southwest Georgia Financial Corporation Employee Stock Ownership Plan contracted severely 86.4% in 2022 ($2M → $239K) for 86 participants.

#678
in Finance & Insurance (9,261 peers)
-86.4%
assets change YoY

The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Southwest Georgia Financial Corporation Employee Stock Ownership Plan among the smaller filed plans by assets

Southwest Georgia Financial Corporation Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$238,993 12th percentile higher than 12% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Southwest Georgia Financial Corporation Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Southwest Georgia Financial Corporation Employee Stock Ownership Plan is a small filing (86 participants) on this national headcount ladder.

DOL schedule card

Filing strip 581392259 · The First, a National Banking Association PY 2022 · ESOP

Southwest Georgia Financial Corporation Employee Stock Ownership Plan · $239K · 86 · 12th

  • 5500 $239K
  • ASSETS 86
  • PCT 12th
  • EIN ESOP
  • RANK near Dipaco, Inc. Employee Stock Ownership Plan
  • PHOTO ind #678

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with What is an ESOP? → · Plans in Mississippi →

Southwest Georgia Financial Corporation Employee Stock Ownership Plan in the asset neighbourhood

Southwest Georgia Financial Corporation Employee Stock Ownership PlanSouthwest Georgia Financial …$239KDipaco, Inc. Employee Stock Ownership PlanDipaco, Inc. Employee Stock …$238KESOP Partners Employee Stock Ownership PlanESOP Partners Employee Stock…$241KRwd Investment Trust$242KPvt Employee Stock Ownership PlanPvt Employee Stock Ownership…$242K
End-of-year total assets ($M) among Southwest Georgia Financial Corporation Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

The First, a National Banking Association years around the 2022 move

Sponsor-wide plan assets over time

All The First, a National Banking Association plans reported in each filing year

Latest sponsor-wide plan assets
$245K 2.5025837576832797% vs 2022
2023 filing year
$0.24M 20222023 $0.24M $0.24M ▲ +0.0%
Year Plans Participants Total Assets
2022 1 86 $239K
2023 1 9 $245K

2022 asset-move particulars

Total Assets (Beginning of Year)$2M
Net Assets (End of Year)$237K
Net Income-$2M
Employer EIN581392259
Plan Effective Date1981-07-08
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Mississippi

Peer ESOP plans, same state, same plan type, ranked by total assets.

Southwest Georgia Financial Corporation Employee Stock Ownership Plan vs. nearby ESOP plans in Mississippi, assets vs. participants Scatter plot of 6 data points. 0500100015002000 -50050100150200 Total assets ($M) Participants Southwest Georgia Financial Corporation Employee Stock Ownership Plan, Total assets ($M): 0.238993 · Participants: 86Southwest Georgia Financial Corporation Employee Stock Ownership PlanTelapex, Inc. Employee Stock Ownership Plan, Total assets ($M): 157.731936 · Participants: 1625Telapex, Inc. Employee Stock Ownership PlanLt Corporation & Affiliates Employee Stock Ownership Plan, Total assets ($M): 130.739574 · Participants: 257Lt Corporation & Affiliates Employee Stock Ownership PlanMdr Construction, Inc. Employee Stock Ownership Plan, Total assets ($M): 93.095081 · Participants: 344Mdr Construction, Inc. Employee Stock Ownership PlanCommunity Bancshares of Mississippi, Inc. Employee Stock Ownership Plan, Total assets ($M): 87.996219 · Participants: 840Community Bancshares of Mississippi, Inc. Employee Stock Ownership PlanF.L. Crane & Sons, Inc. Employee Stock Ownership Plan, Total assets ($M): 59.413879 · Participants: 333F.L. Crane & Sons, Inc. Employee Stock Ownership Plan
Southwest Georgia Financial Corporation Employee Stock Ownership Plan vs. nearby ESOP plans in Mississippi, assets vs. participants
Compare Southwest Georgia Financial Corporation Employee Stock Ownership Plan side-by-side with 3 peers →

Southwest Georgia Financial Corporation Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Mississippi, the nearest ESOP by assets is Dipaco, Inc. Employee Stock Ownership Plan in NV ($238K); by covered participants it is Sgh Redglaze Holdings, Inc. Employee Stock Ownership Plan in NE (86 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($239K here).

Similar participant headcount

Nearest other-state filings by covered participants (86 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Southwest Georgia Financial Corporation Employee Stock Ownership Plan assets move in 2022? ▼
Southwest Georgia Financial Corporation Employee Stock Ownership Plan contracted severely - down 86.4% during 2022, from $2M to $239K. Reported net income was -$2M.
How have The First, a National Banking Association plan assets changed over time? ▼
Across 2 plan years on file (2022-2023), The First, a National Banking Association's sponsor-wide assets grew 2.5%, from $239K to $245K.
Where does Southwest Georgia Financial Corporation Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Southwest Georgia Financial Corporation Employee Stock Ownership Plan ranks in the 12th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (among the smaller plans by assets on file).
Which ESOP plans are similar in size to Southwest Georgia Financial Corporation Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Dipaco, Inc. Employee Stock Ownership Plan in NV ($238K, N/A participants).
Which ESOP plans cover a similar participant headcount to Southwest Georgia Financial Corporation Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Sgh Redglaze Holdings, Inc. Employee Stock Ownership Plan in NE (86 participants, $6M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 581392259.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.