ESOP · DOL Form 5500 · 2024

First Security Bank ESOP

Data updated 2026-08-25

$18M
Total assets Small plan by assets
188
Participants Below avg headcount
69th
Percentile by assets National rank
$97,604
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

$18M in assets, 188 participants

First Security Bank's First Security Bank Employee Stock Ownership Plan reported $18M in total assets and 188 participants in its 2024 DOL Form 5500 filing, ranking in the 69th 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.

  • #4,527 in Finance & Insurance (8,549 peers)

First Security Bank multi-year trail

First Security Bank's plans moved +13.7% in assets from 2022 to 2024; this filing shows First Security Bank Employee Stock Ownership Plan at $18M / 188 participants.

#4,527
in Finance & Insurance (8,549 peers)
-0.9%
assets change YoY

The plan reported a net loss of $163K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

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 2024 · DOL Form 5500

$18,349,598 Top 31% higher than 69% of 123,620 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 2024

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

Plan-year 2024 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 (188 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • First Security Bank Employee Stock Ownership Plan reported net income fell from $695K in the plan year 2023 filing to -$163K in the plan year 2024 filing.
  • First Security Bank Employee Stock Ownership Plan reported participants rose from 164 in the plan year 2023 filing to 188 in the plan year 2024 filing.
  • First Security Bank Employee Stock Ownership Plan end-of-year assets fell from $19M in the plan year 2023 filing to $18M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 640322079 · First Security Bank PY 2024 · ESOP

First Security Bank Employee Stock Ownership Plan · $18M · 188 · 69th

  • SCH $18M
  • SCH 188
  • SCH 69th
  • SCH ESOP
  • SCH near Piping & Equipment Employee Stock Ownership Plan
  • SCH ind #4527

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

Hsi Sensing Employee Stock Ownership PlanHsi Sensing Employee Stock O…$18MCarbo Forge, Inc. Employee Stock Ownership PlanCarbo Forge, Inc. Employee S…$18MArt's Electric Employee Stock Ownership PlanArt's Electric Employee Stoc…$18MFirst Security Bank Employee Stock Ownership PlanFirst Security Bank Employee…$18MPiping & Equipment Employee Stock Ownership PlanPiping & Equipment Employee …$18M
End-of-year total assets ($M) among First Security Bank Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

First Security Bank multi-year asset trail

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

First Security Bank filing trail (2024)

Total Assets (Beginning of Year)$19M
Net Assets (End of Year)$18M
Net Income-$163K
Employer EIN640322079
Plan Effective Date1985-01-01
Filing StatusFILING RECEIVED

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): 18.349598 · Participants: 188First Security Bank Employee Stock Ownership PlanMdr Construction, Inc. Employee Stock Ownership Plan, Total assets ($M): 181.221459 · Participants: 652Mdr Construction, Inc. Employee Stock Ownership PlanLt Corporation & Affiliates Employee Stock Ownership Plan, Total assets ($M): 178.870073 · Participants: 499Lt Corporation & Affiliates Employee Stock Ownership PlanTelapex, Inc. Employee Stock Ownership Plan, Total assets ($M): 158.465575 · Participants: 1629Telapex, Inc. Employee Stock Ownership PlanF.L. Crane & Sons, Inc. Employee Stock Ownership Plan, Total assets ($M): 109.680748 · Participants: 339F.L. Crane & Sons, Inc. Employee Stock Ownership PlanCommunity Bancshares of Mississippi, Inc. Employee Stock Ownership Plan, Total assets ($M): 80.538218 · Participants: 876Community Bancshares of Mississippi, 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 Piping & Equipment Employee Stock Ownership Plan in KS ($18M); by covered participants it is Norcross Holdings, Inc. Employee Stock Ownership Plan in TX (188 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (188 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. 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 2024? ▼
First Security Bank Employee Stock Ownership Plan held essentially flat - down 0.9% during 2024, from $19M to $18M. Reported net income was -$163K.
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 Piping & Equipment Employee Stock Ownership Plan in KS ($18M, 48 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 Norcross Holdings, Inc. Employee Stock Ownership Plan in TX (188 participants, $3M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.