401(k) · DOL Form 5500 · 2024

First State Bank 401(k) Plan

Data updated 2026-08-25

$10M
Total assets Small plan by assets
138
Participants Small participant base
56th
Percentile by assets National rank
$71,704
Avg per participant Below avg balance/head
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Official DOL plan name: First State Bank Profit Sharing 401(k) Plan · Sponsored by First State Bank · Mississippi · Finance & Insurance

$10M in assets, 138 participants

First State Bank's First State Bank Profit Sharing 401(k) Plan reported $10M in total assets and 138 participants in its 2024 DOL Form 5500 filing, ranking in the 56th 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.

  • #3,356 in Finance & Insurance (8,549 peers)

Coverage in Mississippi

First State Bank Profit Sharing 401(k) Plan covers 138 participants in Mississippi, about 38% of the average Mississippi filer (state average ~366 per filing). Assets: $10M.

#3,356
in Finance & Insurance (8,549 peers)
+16.5%
assets growth YoY

First State Bank Profit Sharing 401(k) Plan's mid-pack asset rank among Finance & Insurance and all filers

First State Bank Profit Sharing 401(k) Plan vs every filed plan by assets

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

$9,895,096 Top 44% higher than 56% 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 State Bank Profit Sharing 401(k) 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 State Bank Profit Sharing 401(k) Plan sits mid-pack in the medium band (138 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • First State Bank Profit Sharing 401(k) Plan reported net income rose from $855K in the plan year 2023 filing to $1M in the plan year 2024 filing.
  • First State Bank Profit Sharing 401(k) Plan end-of-year assets rose from $8M in the plan year 2023 filing to $10M in the plan year 2024 filing.
  • First State Bank Profit Sharing 401(k) Plan reported participants fell from 148 in the plan year 2023 filing to 138 in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 640659655 · First State Bank PY 2024 · 401(k)

First State Bank Profit Sharing 401(k) Plan · $10M · 138 · 56th

  • VS-ST $10M
  • BOY 138
  • SCH 56th
  • EBSA 401(k)
  • PART near Amplix 401(k) Plan
  • TYPE ind #3356

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 →

First State Bank Profit Sharing 401(k) Plan in the asset neighbourhood

First State Bank Profit Sharing 401(k) PlanFirst State Bank Profit Shar…$10MAmplix 401(k) Plan$10MEuro Foods, Inc Dba Citterio U.S.a. Corporation Pension PlanEuro Foods, Inc Dba Citterio…$10MMusselman Hotels, LLC Retirement Savings PlanMusselman Hotels, LLC Retire…$10MThe Prestwick Group, Inc. 401(k) Savings PlanThe Prestwick Group, Inc. 40…$10M
End-of-year total assets ($M) among First State Bank 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)$8M
Net Assets (End of Year)$10M
Net Income$1M
Employer EIN640659655
Plan Effective Date1999-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First State Bank)

Sponsor-wide plan assets over time

All First State Bank plans reported in each filing year

Latest sponsor-wide plan assets
$10M 29.617043316560782% vs 2022
2024 filing year
$7M$8M$9M$10M$11M 202220232024 $7.63M $9.9M ▲ +29.8%
Year Plans Participants Total Assets
2022 1 148 $8M
2023 1 148 $8M
2024 1 138 $10M

Nearby 401(k) Plans in Mississippi

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

First State Bank Profit Sharing 401(k) Plan vs. nearby 401(k) plans in Mississippi, assets vs. participants Scatter plot of 6 data points. -200002000400060008000 -20002004006008001000 Total assets ($M) Participants First State Bank Profit Sharing 401(k) Plan, Total assets ($M): 9.895096 · Participants: 138First State Bank 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
First State Bank Profit Sharing 401(k) Plan vs. nearby 401(k) plans in Mississippi, assets vs. participants
Compare First State Bank Profit Sharing 401(k) Plan side-by-side with 3 peers →

First State Bank 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 Amplix 401(k) Plan in MA ($10M); by covered participants it is Budney Overhaul & Repair, Ltd Employee Retirement Plan in CT (138 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (138 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 State Bank Profit Sharing 401(k) Plan assets move in 2024? ▼
First State Bank Profit Sharing 401(k) Plan grew sharply - up 16.5% during 2024, from $8M to $10M. Reported net income was $1M.
How have First State Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First State Bank's sponsor-wide assets grew 29.6%, from $8M to $10M.
Which 401(k) plans are similar in size to First State Bank Profit Sharing 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Amplix 401(k) Plan in MA ($10M, 145 participants).
Which 401(k) plans cover a similar participant headcount to First State Bank Profit Sharing 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Budney Overhaul & Repair, Ltd Employee Retirement Plan in CT (138 participants, $7M 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 640659655.

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.