ESOP · DOL Form 5500 · 2022

First Security Bank ESOP

Data updated 2026-08-25

$18M
Total assets Small plan by assets
157
Participants Small participant base
75th
Percentile by assets National rank
$113,491
Avg per participant Below avg balance/head
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Official DOL plan name: First Security Bank Employee Stock Ownership Plan · Sponsored by First Security Bank · Mississippi · Finance & Insurance

$18M in assets, 157 participants

First Security Bank's First Security Bank Employee Stock Ownership Plan reported $18M in total assets and 157 participants in its 2022 DOL Form 5500 filing, ranking in the 75th 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.

  • #5,684 in Finance & Insurance (9,261 peers)

Coverage in Mississippi

First Security Bank Employee Stock Ownership Plan covers 157 participants in Mississippi, about 43% of the average Mississippi filer (state average ~366 per filing). Assets: $18M.

#5,684
in Finance & Insurance (9,261 peers)
+24.4%
assets growth YoY
0.2×
vs typical plan assets (national mean)

First Security Bank Employee Stock Ownership Plan's outsized position by total assets

First Security Bank Employee Stock Ownership Plan vs every filed plan by assets

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

$17,818,045 Top 25% higher than 75% 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

First Security Bank Employee Stock Ownership Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. First Security Bank Employee Stock Ownership Plan sits mid-pack in the medium band (157 participants).

Plan-year Form 5500 strip

Filing strip 640322079 · First Security Bank PY 2022 · ESOP

First Security Bank Employee Stock Ownership Plan · $18M · 157 · 75th

  • PHOTO $18M
  • IND 157
  • EOY 75th
  • 5500 ESOP
  • ASSETS near Ag-Express Electronics Employee Stock Ownership Plan and Trust
  • PCT ind #5684

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 →

First Security Bank Employee Stock Ownership Plan in the asset neighbourhood

West-Camp Press, Inc. Employee Stock Ownership PlanWest-Camp Press, Inc. Employ…$18MFirst Security Bank Employee Stock Ownership PlanFirst Security Bank Employee…$18MAg-Express Electronics Employee Stock Ownership Plan and TrustAg-Express Electronics Emplo…$18MBsa Lifestructures, Inc. Employee Stock Ownership PlanBsa Lifestructures, Inc. Emp…$18MPilot Point Bancorp, Inc. Employee Stock Ownership PlanPilot Point Bancorp, Inc. Em…$18M
End-of-year total assets ($M) among First Security Bank Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

Mississippi filing particulars

Total Assets (Beginning of Year)$14M
Net Assets (End of Year)$18M
Net Income$3M
Employer EIN640322079
Plan Effective Date1985-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First Security Bank)

Sponsor-wide plan assets over time

All First Security Bank plans reported in each filing year

Latest sponsor-wide plan assets
$40M 13.718873396359346% vs 2022
2024 filing year
$34M$36M$38M$40M$42M 202220232024 $35.1M $39.9M ▲ +13.7%
Year Plans Participants Total Assets
2022 2 345 $35M
2023 2 358 $39M
2024 2 384 $40M

Nearby ESOP Plans in Mississippi

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

First Security Bank Employee Stock Ownership Plan vs. nearby ESOP plans in Mississippi, assets vs. participants Scatter plot of 6 data points. 0500100015002000 050100150200 Total assets ($M) Participants First Security Bank Employee Stock Ownership Plan, Total assets ($M): 17.818045 · Participants: 157First Security Bank 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
First Security Bank Employee Stock Ownership Plan vs. nearby ESOP plans in Mississippi, assets vs. participants
Compare First Security Bank Employee Stock Ownership Plan side-by-side with 3 peers →

First Security Bank Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Mississippi, the nearest ESOP by assets is Ag-Express Electronics Employee Stock Ownership Plan and Trust in IA ($18M); by covered participants it is California Boiler, Inc. Employee Stock Ownership Plan in CA (157 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (157 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 First Security Bank Employee Stock Ownership Plan assets move in 2022? ▼
First Security Bank Employee Stock Ownership Plan grew sharply - up 24.4% during 2022, from $14M to $18M. Reported net income was $3M.
How have First Security Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First Security Bank's sponsor-wide assets grew 13.7%, from $35M to $40M.
Where does First Security Bank Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
First Security Bank Employee Stock Ownership Plan ranks in the 75th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which ESOP plans are similar in size to First Security Bank Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Ag-Express Electronics Employee Stock Ownership Plan and Trust in IA ($18M, 123 participants).
Which ESOP plans cover a similar participant headcount to First Security Bank Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is California Boiler, Inc. Employee Stock Ownership Plan in CA (157 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 640322079.

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.