ESOP · DOL Form 5500 · 2023
First Security Bank ESOP
Data updated 2026-08-11
- $19M
- Total assets
- 164
- Participants
- 71st
- Percentile by assets
- $112,882
- Avg per participant
Official DOL plan name: First Security Bank Employee Stock Ownership Plan · Sponsored by First Security Bank · Mississippi · Finance & Insurance
$19M in assets, 164 participants
First Security Bank's First Security Bank Employee Stock Ownership Plan reported $19M in total assets and 164 participants in its 2023 DOL Form 5500 filing, ranking in the 71st 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.
- 71st percentile by assets (of 127,072 plans)
- #5,087 in Finance & Insurance (8,869 peers)
Coverage in Mississippi
First Security Bank Employee Stock Ownership Plan covers 164 participants in Mississippi, about 45% of the average Mississippi filer (state average ~366 per filing). Assets: $19M.
- $19M
- total plan assets (2023 EOY)
- 164
- covered participants
- 71st
- percentile by assets (of 127,072 plans)
- $112,882
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- First Security Bank Employee Stock Ownership Plan reported net income fell from $3M in the plan year 2022 filing to $695K in the plan year 2023 filing.
- First Security Bank Employee Stock Ownership Plan reported participants rose from 157 in the plan year 2022 filing to 164 in the plan year 2023 filing.
- First Security Bank Employee Stock Ownership Plan end-of-year assets rose from $18M in the plan year 2022 filing to $19M in the plan year 2023 filing.
Participants vs Mississippi filers
In Mississippi, the average filing covers about 366 participants across 521 plans. First Security Bank Employee Stock Ownership Plan reports 164 participants - about 45% of that state average ($19M EOY assets).
Mississippi filing particulars
| Total Assets (Beginning of Year) | $18M |
|---|---|
| Net Assets (End of Year) | $19M |
| Net Income | $695K |
| Employer EIN | 640322079 |
| Plan Effective Date | 1985-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (First Security Bank)
| 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
- Lt Corporation & Affiliates Employee Stock Ownership Plan $159M · 399
- Telapex, Inc. Employee Stock Ownership Plan $159M · 1,610
- Mdr Construction, Inc. Employee Stock Ownership Plan $94M · 349
- Community Bancshares of Mississippi, Inc. Employee Stock Ownership Plan $81M · 887
- F.L. Crane & Sons, Inc. Employee Stock Ownership Plan $78M · 325
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.
Frequently Asked Questions
How did First Security Bank Employee Stock Ownership Plan assets move in 2023? ▼
How have First Security Bank plan assets changed over time? ▼
Which ESOP plans are similar in size to First Security Bank Employee Stock Ownership Plan? ▼
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 above the median plan 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