ESOP · DOL Form 5500 · 2023

First Security Bank ESOP

Data updated 2026-08-25

$19M
Total assets Small plan by assets
164
Participants Small participant base
71st
Percentile by assets National rank
$112,882
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

$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.

  • #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.

#5,087
in Finance & Insurance (8,869 peers)
+3.9%
assets growth YoY

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 2023 · DOL Form 5500

$18,512,656 Top 29% higher than 71% of 127,068 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 2023

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

Plan-year 2023 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 (164 participants).

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.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 640322079 · First Security Bank PY 2023 · ESOP

First Security Bank Employee Stock Ownership Plan · $19M · 164 · 71st

  • SCH $19M
  • SCH 164
  • SCH 71st
  • SCH ESOP
  • SCH near Vineyard Brands Wines, Inc. Employee Stock Ownership Plan
  • SCH ind #5087

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

Weststar Bank Holding Company, Inc. Employee Stock Ownership PlanWeststar Bank Holding Compan…$19MVia Trading Corporation Employee Stock Ownership PlanVia Trading Corporation Empl…$19MHr&a Advisors, Inc. Employee Stock Ownership PlanHr&a Advisors, Inc. Employee…$19MFirst Security Bank Employee Stock Ownership PlanFirst Security Bank Employee…$19MVineyard Brands Wines, Inc. Employee Stock Ownership PlanVineyard Brands Wines, Inc. …$18M
End-of-year total assets ($M) among First Security Bank Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Mississippi filing particulars

Total Assets (Beginning of Year)$18M
Net Assets (End of Year)$19M
Net Income$695K
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): 18.512656 · Participants: 164First Security Bank Employee Stock Ownership PlanLt Corporation & Affiliates Employee Stock Ownership Plan, Total assets ($M): 159.396413 · Participants: 399Lt Corporation & Affiliates Employee Stock Ownership PlanTelapex, Inc. Employee Stock Ownership Plan, Total assets ($M): 159.125246 · Participants: 1610Telapex, Inc. Employee Stock Ownership PlanMdr Construction, Inc. Employee Stock Ownership Plan, Total assets ($M): 93.605073 · Participants: 349Mdr Construction, Inc. Employee Stock Ownership PlanCommunity Bancshares of Mississippi, Inc. Employee Stock Ownership Plan, Total assets ($M): 80.926488 · Participants: 887Community Bancshares of Mississippi, Inc. Employee Stock Ownership PlanF.L. Crane & Sons, Inc. Employee Stock Ownership Plan, Total assets ($M): 77.794773 · Participants: 325F.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 Vineyard Brands Wines, Inc. Employee Stock Ownership Plan in AL ($18M); by covered participants it is Progressive Retail Management, Inc. Employee Stock Ownership Plan in CO (164 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (164 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. 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 2023? ▼
First Security Bank Employee Stock Ownership Plan edged up modestly - up 3.9% during 2023, from $18M to $19M. Reported net income was $695K.
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.
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 Vineyard Brands Wines, Inc. Employee Stock Ownership Plan in AL ($18M, 64 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 Progressive Retail Management, Inc. Employee Stock Ownership Plan in CO (164 participants, $34M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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.