ESOP · DOL Form 5500 · 2023

The First Bancshares, Inc. Employee Stock Ownership Plan ESOP

Data updated 2026-08-25

$174K
Total assets Small plan by assets
951
Participants Near avg headcount
10th
Percentile by assets National rank
$183
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. Employee Stock Ownership Plan · Mississippi · Finance & Insurance

$174K in assets, 951 participants

The First Bancshares, Inc. Employee Stock Ownership Plan's The First Bancshares, Inc. Employee Stock Ownership Plan reported $174K in total assets and 951 participants in its 2023 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.

  • #506 in Finance & Insurance (8,869 peers)

Coverage in Mississippi

The First Bancshares, Inc. Employee Stock Ownership Plan covers 951 participants in Mississippi, 2.6x the typical Mississippi plan (state average ~366 per filing). Assets: $174K.

#506
in Finance & Insurance (8,869 peers)
-10.1%
assets change YoY

The plan reported a net loss of $20K 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 2023 · DOL Form 5500

$174,455 10th percentile higher than 10% 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

The First Bancshares, Inc. 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. The First Bancshares, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (951 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • The First Bancshares, Inc. Employee Stock Ownership Plan reported net income rose from -$34K in the plan year 2022 filing to -$20K in the plan year 2023 filing.
  • The First Bancshares, Inc. Employee Stock Ownership Plan reported participants rose from 734 in the plan year 2022 filing to 951 in the plan year 2023 filing.
  • The First Bancshares, Inc. Employee Stock Ownership Plan end-of-year assets fell from $194K in the plan year 2022 filing to $174K in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 640862173 · The First Bancshares, Inc. Employee Stock Ownership Plan PY 2023 · ESOP

The First Bancshares, Inc. Employee Stock Ownership Plan · $174K · 951 · 10th

  • BOOK $174K
  • BOOK 951
  • BOOK 10th
  • BOOK ESOP
  • BOOK near Graphicast, Inc. Employee Stock Ownership Plan
  • BOOK ind #506

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

Graphicast, Inc. Employee Stock Ownership PlanGraphicast, Inc. Employee St…$177KUfics Retirement Plan Trust$177KGuzzardo School of Music & Store, Inc. Employee Stock Ownership PlanGuzzardo School of Music & S…$177KCardinal Claim Service, Inc. Employees Stock Ownership PlanCardinal Claim Service, Inc.…$178KThe First Bancshares, Inc. Employee Stock Ownership PlanThe First Bancshares, Inc. E…$174K
End-of-year total assets ($M) among The First Bancshares, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Mississippi filing particulars

Total Assets (Beginning of Year)$194K
Net Assets (End of Year)$174K
Net Income-$20K
Employer EIN640862173
Plan Effective Date2006-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (The First Bancshares, Inc. Employee Stock Ownership Plan)

Sponsor-wide plan assets over time

All The First Bancshares, Inc. Employee Stock Ownership Plan 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): 0.174455 · Participants: 951The First Bancshares, Inc. 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
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 Graphicast, Inc. Employee Stock Ownership Plan in NH ($177K); by covered participants it is Eastridge Workforce Solutions Employee Stock Ownership Plan in CA (946 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (951 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 The First Bancshares, Inc. Employee Stock Ownership Plan assets move in 2023? ▼
The First Bancshares, Inc. Employee Stock Ownership Plan pulled back noticeably - down 10.1% during 2023, from $194K to $174K. Reported net income was -$20K.
How have The First Bancshares, Inc. Employee Stock Ownership Plan plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), The First Bancshares, Inc. Employee Stock Ownership Plan'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 127,072 plans that reported assets for plan year 2023 (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 Graphicast, Inc. Employee Stock Ownership Plan in NH ($177K, 24 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 Eastridge Workforce Solutions Employee Stock Ownership Plan in CA (946 participants, $22M 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 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.