401(k) · DOL Form 5500 · 2024

The First Bancshares, Inc. 401(k) Plan

Data updated 2026-08-25

$56M
Total assets Below avg plan size
1,027
Participants Near avg headcount
85th
Percentile by assets National rank
$54,814
Avg per participant Low balance/head
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Official DOL plan name: The First Bancshares, Inc. Profit Sharing 401(k) Plan · Sponsored by The First Bancshares, Inc. · Mississippi · Finance & Insurance

$56M in assets, 1,027 participants

The First Bancshares, Inc.'s The First Bancshares, Inc. Profit Sharing 401(k) Plan reported $56M in total assets and 1,027 participants in its 2024 DOL Form 5500 filing, ranking in the 85th 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.

  • #6,613 in Finance & Insurance (8,549 peers)

Coverage in Mississippi

The First Bancshares, Inc. Profit Sharing 401(k) Plan covers 1,027 participants in Mississippi, 2.8x the typical Mississippi plan (state average ~366 per filing). Assets: $56M.

#6,613
in Finance & Insurance (8,549 peers)
+16.3%
assets growth YoY
0.6×
vs typical plan assets (national mean)

The First Bancshares, Inc. Profit Sharing 401(k) Plan's outsized position by total assets

The First Bancshares, Inc. Profit Sharing 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$56,293,955 Top 15% higher than 85% 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

The First Bancshares, Inc. Profit Sharing 401(k) Plan's large-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. The First Bancshares, Inc. Profit Sharing 401(k) Plan lands in the large band (1,027 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • The First Bancshares, Inc. Profit Sharing 401(k) Plan reported net income fell from $12M in the plan year 2023 filing to $8M in the plan year 2024 filing.
  • The First Bancshares, Inc. Profit Sharing 401(k) Plan end-of-year assets rose from $48M in the plan year 2023 filing to $56M in the plan year 2024 filing.
  • The First Bancshares, Inc. Profit Sharing 401(k) Plan reported participants fell from 1,103 in the plan year 2023 filing to 1,027 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 640862173 · The First Bancshares, Inc. PY 2024 · 401(k)

The First Bancshares, Inc. Profit Sharing 401(k) Plan · $56M · 1,027 · 85th

  • SCH $56M
  • EBSA 1,027
  • PART 85th
  • TYPE 401(k)
  • NET near Liberty Global 401(k) Savings & Stock Ownership Plan
  • BOOK ind #6613

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 Finance & Insurance retirement plans → · Plans in Mississippi →

The First Bancshares, Inc. Profit Sharing 401(k) Plan in the asset neighbourhood

Liberty Global 401(k) Savings & Stock Ownership PlanLiberty Global 401(k) Saving…$56MMan Capital Corporation & Affiliated Companies 401(k) Deferred Income Savings PlanMan Capital Corporation & Af…$56MThe First Bancshares, Inc. Profit Sharing 401(k) PlanThe First Bancshares, Inc. P…$56MBrown & Riding Insurance Services, Inc. Employees' 401(k) PlanBrown & Riding Insurance Ser…$56MKirby-Smith Machinery, Inc. 401(k) Profit Sharing PlanKirby-Smith Machinery, Inc. …$56M
End-of-year total assets ($M) among The First Bancshares, Inc. Profit Sharing 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Mississippi filing particulars

Total Assets (Beginning of Year)$48M
Net Assets (End of Year)$56M
Net Income$8M
Employer EIN640862173
Plan Effective Date1996-10-15
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 401(k) Plans in Mississippi

Peer 401(k) plans, same state, same plan type, ranked by total assets.

The First Bancshares, Inc. Profit Sharing 401(k) Plan vs. nearby 401(k) plans in Mississippi, assets vs. participants Scatter plot of 6 data points. 02000400060008000 02004006008001000 Total assets ($M) Participants The First Bancshares, Inc. Profit Sharing 401(k) Plan, Total assets ($M): 56.293955 · Participants: 1027The First Bancshares, Inc. Profit Sharing 401(k) PlanCadence 401(k) Profit-Sharing Plan, Total assets ($M): 817.14825 · Participants: 6117Cadence 401(k) Profit-Sharing PlanErgon 401(k) Plan, Total assets ($M): 770.769507 · Participants: 3508Ergon 401(k) PlanV2x 401(k) Retirement Plan, Total assets ($M): 644.420569 · Participants: 6644V2x 401(k) Retirement PlanHancock Whitney Corporation 401(k) Savings Plan, Total assets ($M): 607.648166 · Participants: 3561Hancock Whitney Corporation 401(k) Savings PlanSouthern Farm Bureau and Adopting Companies 401(k) Plan, Total assets ($M): 528.338892 · Participants: 2689Southern Farm Bureau and Adopting Companies 401(k) Plan
The First Bancshares, Inc. Profit Sharing 401(k) Plan vs. nearby 401(k) plans in Mississippi, assets vs. participants
Compare The First Bancshares, Inc. Profit Sharing 401(k) Plan side-by-side with 3 peers →

The First Bancshares, Inc. Profit Sharing 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Mississippi, the nearest 401(k) by assets is Liberty Global 401(k) Savings & Stock Ownership Plan in CO ($56M); by covered participants it is Furniture Mart USA, Inc. Employee Profit Sharing 401(k) Plan in SD (1,027 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,027 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 The First Bancshares, Inc. Profit Sharing 401(k) Plan assets move in 2024? ▼
The First Bancshares, Inc. Profit Sharing 401(k) Plan grew sharply - up 16.3% during 2024, from $48M to $56M. Reported net income was $8M.
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. Profit Sharing 401(k) Plan rank by assets among Form 5500 filers? ▼
The First Bancshares, Inc. Profit Sharing 401(k) Plan ranks in the 85th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to The First Bancshares, Inc. Profit Sharing 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Liberty Global 401(k) Savings & Stock Ownership Plan in CO ($56M, 111 participants).
Which 401(k) plans cover a similar participant headcount to The First Bancshares, Inc. Profit Sharing 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Furniture Mart USA, Inc. Employee Profit Sharing 401(k) Plan in SD (1,027 participants, $35M 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 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.