ESOP · DOL Form 5500 · 2024

The First, a National Banking Association ESOP

Data updated 2026-08-25

$212K
Total assets Small plan by assets
833
Participants Near avg headcount
11th
Percentile by assets National rank
$254
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, a National Banking Association · Mississippi · Management of Enterprises

$212K in assets, 833 participants

The First, a National Banking Association's The First Bancshares, Inc. Employee Stock Ownership Plan reported $212K in total assets and 833 participants in its 2024 DOL Form 5500 filing, ranking in the 11th 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.

  • #86 in Management of Enterprises (1,133 peers)

Coverage in Mississippi

The First Bancshares, Inc. Employee Stock Ownership Plan covers 833 participants in Mississippi, 2.3x the typical Mississippi plan (state average ~366 per filing). Assets: $212K.

#86
in Management of Enterprises (1,133 peers)
+21.4%
assets growth YoY

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 2024 · DOL Form 5500

$211,808 11th percentile higher than 11% 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. 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. The First Bancshares, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (833 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • The First Bancshares, Inc. Employee Stock Ownership Plan reported net income rose from -$20K in the plan year 2023 filing to $37K in the plan year 2024 filing.
  • The First Bancshares, Inc. Employee Stock Ownership Plan end-of-year assets rose from $174K in the plan year 2023 filing to $212K in the plan year 2024 filing.
  • The First Bancshares, Inc. Employee Stock Ownership Plan reported participants fell from 951 in the plan year 2023 filing to 833 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 640862173 · The First, a National Banking Association PY 2024 · ESOP

The First Bancshares, Inc. Employee Stock Ownership Plan · $212K · 833 · 11th

  • EIN $212K
  • RANK 833
  • PHOTO 11th
  • IND ESOP
  • EOY near Ivey Engineering, Inc. Employee Stock Ownership Plan
  • 5500 ind #86

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

The First Bancshares, Inc. Employee Stock Ownership PlanThe First Bancshares, Inc. E…$212KIvey Engineering, Inc. Employee Stock Ownership PlanIvey Engineering, Inc. Emplo…$212KJ. D. Hendley & Associates, Inc. E.S.O.P.J. D. Hendley & Associates, …$211KHi-Heat Industries, Inc. Employee Stock Ownership PlanHi-Heat Industries, Inc. Emp…$210KMinot Enterprises, Inc. Employee Stock Ownership PlanMinot Enterprises, Inc. Empl…$210K
End-of-year total assets ($M) among The First Bancshares, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Mississippi filing particulars

Total Assets (Beginning of Year)$174K
Net Assets (End of Year)$212K
Net Income$37K
Employer EIN640862173
Plan Effective Date2006-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (The First, a National Banking Association)

Sponsor-wide plan assets over time

All The First, a National Banking Association 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): 0.211808 · Participants: 833The First Bancshares, Inc. 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
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 Ivey Engineering, Inc. Employee Stock Ownership Plan in CA ($212K); by covered participants it is Wausau Supply Company Employee Stock Ownership Plan in WI (834 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (833 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. Employee Stock Ownership Plan assets move in 2024? ▼
The First Bancshares, Inc. Employee Stock Ownership Plan grew sharply - up 21.4% during 2024, from $174K to $212K. Reported net income was $37K.
How have The First, a National Banking Association plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), The First, a National Banking Association'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 11th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (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 Ivey Engineering, Inc. Employee Stock Ownership Plan in CA ($212K, 9 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 Wausau Supply Company Employee Stock Ownership Plan in WI (834 participants, $333M 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.