ESOP · DOL Form 5500 · 2022

First Security Bank ESOP

Data updated 2026-08-11

$18M
Total assets: 157
Participants: 75th
Percentile by assets: $113,491
Avg per participant

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.

75th percentile by assets (of 139,126 plans)
#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.

$18M
total plan assets (2022 EOY): 157
covered participants: 75th
percentile by assets (of 139,126 plans): $113,491
avg assets per participant

State

Mississippi

Industry

Finance & Insurance

Participants vs Mississippi filers

In Mississippi, the average filing covers about 366 participants across 521 plans. First Security Bank Employee Stock Ownership Plan reports 157 participants - about 43% of that state average ($18M EOY assets).

Mississippi filing particulars

Total Assets (Beginning of Year)	$14M
Net Assets (End of Year)	$18M
Net Income	$3M
Employer EIN	640322079
Plan Effective Date	1985-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (First Security Bank)

Total plan assets by year, all First Security Bank plans on file

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

Telapex, Inc. Employee Stock Ownership Plan $158M · 1,625
Lt Corporation & Affiliates Employee Stock Ownership Plan $131M · 257
Mdr Construction, Inc. Employee Stock Ownership Plan $93M · 344
Community Bancshares of Mississippi, Inc. Employee Stock Ownership Plan $88M · 840
F.L. Crane & Sons, Inc. Employee Stock Ownership Plan $59M · 333

Compare First Security Bank Employee Stock Owner… side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to First Security Bank Employee Stock Ownership Plan by total assets, not by location.

Ag-Express Electronics Employee Stock Ownership Plan and Trust (IA) $18M · 123
Bsa Lifestructures, Inc. Employee Stock Ownership Plan (IN) $18M · 186
Pilot Point Bancorp, Inc. Employee Stock Ownership Plan (TX) $18M · 50
West-Camp Press, Inc. Employee Stock Ownership Plan (OH) $18M · 86

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).

Next read for First Security Bank Employee Stock Owner…

Filing takeaways

Ways to act on First Security Bank Employee Stock Ownership Plan's numbers.

By total assets, First Security Bank Employee Stock Ownership Plan ranks in the top quartile of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar ESOP plans in Mississippi. Compare plans
First Security Bank's sponsor-wide assets have grown 13.7% since 2022 across 3 plan years on file. More Finance & Insurance plans

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.