401(k) · DOL Form 5500 · 2022

The First Bancshares, Inc. 401(k) Plan

Data updated 2026-08-25

$36M
Total assets Below avg plan size
854
Participants Near avg headcount
85th
Percentile by assets National rank
$42,451
Avg per participant Low balance/head
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Official DOL plan name: The First Bancshares, Inc. Profit Sharing 401(k) Plan · Sponsored by The First Bancshares, Inc. · Mississippi · Finance & Insurance

$36M in assets, 854 participants

The First Bancshares, Inc.'s The First Bancshares, Inc. Profit Sharing 401(k) Plan reported $36M in total assets and 854 participants in its 2022 DOL Form 5500 filing, ranking in the 85th 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.

  • #7,020 in Finance & Insurance (9,261 peers)

Coverage in Mississippi

The First Bancshares, Inc. Profit Sharing 401(k) Plan covers 854 participants in Mississippi, 2.3x the typical Mississippi plan (state average ~366 per filing). Assets: $36M.

#7,020
in Finance & Insurance (9,261 peers)
-4.9%
assets change YoY
0.4×
vs typical plan assets (national mean)

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.

The First Bancshares, Inc. Profit Sharing 401(k) Plan's outsized position by total assets

The First Bancshares, Inc. Profit Sharing 401(k) Plan vs every filed plan by assets

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

$36,253,406 Top 15% higher than 85% 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

The First Bancshares, Inc. Profit Sharing 401(k) 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. The First Bancshares, Inc. Profit Sharing 401(k) Plan sits mid-pack in the medium band (854 participants).

Plan-year Form 5500 strip

Filing strip 640862173 · The First Bancshares, Inc. PY 2022 · 401(k)

The First Bancshares, Inc. Profit Sharing 401(k) Plan · $36M · 854 · 85th

  • BOOK $36M
  • VS-ST 854
  • BOY 85th
  • SCH 401(k)
  • EBSA near Midtronics, Inc. 401(k) Profit Sharing Plan
  • PART ind #7020

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 Finance & Insurance retirement plans → · Plans in Mississippi →

The First Bancshares, Inc. Profit Sharing 401(k) Plan in the asset neighbourhood

Bell-Carter Foods, LLC Employee Retirement PlanBell-Carter Foods, LLC Emplo…$36MJupiter I, L.L.C. 401(k) Plan$36MThe First Bancshares, Inc. Profit Sharing 401(k) PlanThe First Bancshares, Inc. P…$36MMidtronics, Inc. 401(k) Profit Sharing PlanMidtronics, Inc. 401(k) Prof…$36MSamaritan Village, Inc. Retirement PlanSamaritan Village, Inc. Reti…$36M
End-of-year total assets ($M) among The First Bancshares, Inc. Profit Sharing 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Mississippi filing particulars

Total Assets (Beginning of Year)$38M
Net Assets (End of Year)$36M
Net Income-$2M
Employer EIN640862173
Plan Effective Date1996-10-15
Filing StatusFILING RECEIVED

Sponsor Plan History (The First Bancshares, Inc.)

Sponsor-wide plan assets over time

All The First Bancshares, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$57M 55.03343455755459% vs 2022
2024 filing year
$30M$40M$50M$60M 202220232024 $36.5M $56.5M ▲ +55.0%
Year Plans Participants Total Assets
2022 2 1,588 $36M
2023 2 2,054 $49M
2024 2 1,860 $57M

Nearby 401(k) Plans in Mississippi

Peer 401(k) plans, same state, same plan type, ranked by total assets.

The First Bancshares, Inc. Profit Sharing 401(k) Plan vs. nearby 401(k) plans in Mississippi, assets vs. participants Scatter plot of 6 data points. 02000400060008000 0200400600800 Total assets ($M) Participants The First Bancshares, Inc. Profit Sharing 401(k) Plan, Total assets ($M): 36.253406 · Participants: 854The First Bancshares, Inc. Profit Sharing 401(k) PlanCadence 401(k) Profit-Sharing Plan, Total assets ($M): 717.418669 · Participants: 6553Cadence 401(k) Profit-Sharing PlanErgon 401(k) Plan, Total assets ($M): 560.12104 · Participants: 3038Ergon 401(k) PlanHancock Whitney Corporation 401(k) Savings Plan, Total assets ($M): 467.614065 · Participants: 3323Hancock Whitney Corporation 401(k) Savings PlanSouthern Farm Bureau and Adopting Companies 401(k) Plan, Total assets ($M): 432.693601 · Participants: 2626Southern Farm Bureau and Adopting Companies 401(k) PlanTrustmark 401(k) Plan, Total assets ($M): 344.903275 · Participants: 2730Trustmark 401(k) Plan
The First Bancshares, Inc. Profit Sharing 401(k) Plan vs. nearby 401(k) plans in Mississippi, assets vs. participants
Compare The First Bancshares, Inc. Profit Sharing 401(k) Plan side-by-side with 3 peers →

The First Bancshares, Inc. Profit Sharing 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Mississippi, the nearest 401(k) by assets is Midtronics, Inc. 401(k) Profit Sharing Plan in IL ($36M); by covered participants it is Kintetsu World Express (U.S.a.), Inc. Employees 401(k) Plan in NY (854 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($36M here).

Similar participant headcount

Nearest other-state filings by covered participants (854 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 The First Bancshares, Inc. Profit Sharing 401(k) Plan assets move in 2022? ▼
The First Bancshares, Inc. Profit Sharing 401(k) Plan edged down modestly - down 4.9% during 2022, from $38M to $36M. Reported net income was -$2M.
How have The First Bancshares, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), The First Bancshares, Inc.'s sponsor-wide assets grew 55.0%, from $36M to $57M.
Where does The First Bancshares, Inc. Profit Sharing 401(k) Plan rank by assets among Form 5500 filers? ▼
The First Bancshares, Inc. Profit Sharing 401(k) Plan ranks in the 85th 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 401(k) plans are similar in size to The First Bancshares, Inc. Profit Sharing 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Midtronics, Inc. 401(k) Profit Sharing Plan in IL ($36M, 141 participants).
Which 401(k) plans cover a similar participant headcount to The First Bancshares, Inc. Profit Sharing 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Kintetsu World Express (U.S.a.), Inc. Employees 401(k) Plan in NY (854 participants, $115M 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 640862173.

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.