Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, The First Bancshares, Inc. Profit Sharing 401(K) Plan is a benefit plan reported by The First Bancshares, Inc. under EIN 64-0862173 and plan number 001. The latest loaded filing year is 2023. The filing reports 1,368 participants and $48,421,509 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $48,421,509
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $48,421,509
- Net assets (BOY)
- $36,253,406
Income & contributions
- Employer contributions
- $1,440,761
- Participant contributions
- $4,858,210
- Total contributions
- $9,490,191
- Total income / additions
- $15,502,195
Expenses & distributions
- Benefits paid
- $3,129,735
- Administrative expenses
- $204,357
- Total expenses
- $3,334,092
- Net increase / (decrease)
- $12,168,103