ESOP · DOL Form 5500 · 2022

The First Bancshares, Inc. ESOP

Data updated 2026-08-25

$194K
Total assets Small plan by assets
734
Participants Near avg headcount
10th
Percentile by assets National rank
$264
Avg per participant Low balance/head
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Official DOL plan name: The First Bancshares, Inc. Employee Stock Ownership Plan · Sponsored by The First Bancshares, Inc. · Mississippi · Finance & Insurance

$194K in assets, 734 participants

The First Bancshares, Inc.'s The First Bancshares, Inc. Employee Stock Ownership Plan reported $194K in total assets and 734 participants in its 2022 DOL Form 5500 filing, ranking in the 10th 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.

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

Coverage in Mississippi

The First Bancshares, Inc. Employee Stock Ownership Plan covers 734 participants in Mississippi, 2.0x the typical Mississippi plan (state average ~366 per filing). Assets: $194K.

#606
in Finance & Insurance (9,261 peers)
-15.0%
assets change YoY

The plan reported a net loss of $34K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

The First Bancshares, Inc. Employee Stock Ownership Plan among the smaller filed plans by assets

The First Bancshares, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$194,063 10th percentile higher than 10% 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. 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. The First Bancshares, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (734 participants).

Plan-year Form 5500 strip

Filing strip 640862173 · The First Bancshares, Inc. PY 2022 · ESOP

The First Bancshares, Inc. Employee Stock Ownership Plan · $194K · 734 · 10th

  • PHOTO $194K
  • IND 734
  • EOY 10th
  • 5500 ESOP
  • ASSETS near B&k Administrative Services Company Employees Stock Ownership Plan
  • PCT ind #606

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 →

The First Bancshares, Inc. Employee Stock Ownership Plan in the asset neighbourhood

B&k Administrative Services Company Employees Stock Ownership PlanB&k Administrative Services …$195KFewell Geotechnical Engineering, Ltd. Employee Stock Ownership PlanFewell Geotechnical Engineer…$196KTridan Corp. Employee Stock Ownership TrustTridan Corp. Employee Stock …$196KCox Interior, Inc. Employee Stock Ownership PlanCox Interior, Inc. Employee …$197KThe First Bancshares, Inc. Employee Stock Ownership PlanThe First Bancshares, Inc. E…$194K
End-of-year total assets ($M) among The First Bancshares, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

Mississippi filing particulars

Total Assets (Beginning of Year)$228K
Net Assets (End of Year)$194K
Net Income-$34K
Employer EIN640862173
Plan Effective Date2006-01-01
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 ESOP Plans in Mississippi

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

The First Bancshares, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Mississippi, assets vs. participants Scatter plot of 6 data points. 0500100015002000 -50050100150200 Total assets ($M) Participants The First Bancshares, Inc. Employee Stock Ownership Plan, Total assets ($M): 0.194063 · Participants: 734The First Bancshares, Inc. 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
The First Bancshares, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Mississippi, assets vs. participants
Compare The First Bancshares, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

The First Bancshares, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Mississippi, the nearest ESOP by assets is B&k Administrative Services Company Employees Stock Ownership Plan in CO ($195K); by covered participants it is Employment Alliance Holdings, Inc. Employment Stock Ownership Plan in AR (735 participants). Same-state nearby plans are listed separately above.

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. Employee Stock Ownership Plan assets move in 2022? ▼
The First Bancshares, Inc. Employee Stock Ownership Plan declined sharply - down 15.0% during 2022, from $228K to $194K. Reported net income was -$34K.
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. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
The First Bancshares, Inc. Employee Stock Ownership Plan ranks in the 10th 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 The First Bancshares, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is B&k Administrative Services Company Employees Stock Ownership Plan in CO ($195K, 31 participants).
Which ESOP plans cover a similar participant headcount to The First Bancshares, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Employment Alliance Holdings, Inc. Employment Stock Ownership Plan in AR (735 participants, $26M 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.