2023 Form 5500 filing — The First Bancshares, Inc. Profit Sharing 401(K) Plan
Plain-English filing 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, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241015095559NAL0016094771001) for The First Bancshares, Inc. Profit Sharing 401(K) Plan, reported by The First Bancshares, Inc. under EIN 64-0862173 and plan number 001. It reports 1,368 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015095559NAL0016094771001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- The First Bancshares, Inc.
- EIN
- 64-0862173
- Plan number
- 001
- Location
- Hattiesburg, MS
- Participants
- 1,368
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $48,421,509
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $48,421,509
- Employer contributions
- $1,440,761
- Participant contributions
- $4,858,210
- Total income / additions
- $15,502,195
- Benefits paid
- $3,129,735
- Administrative expenses
- $204,357
- Total expenses
- $3,334,092
- Net increase / (decrease)
- $12,168,103
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Lpl Financial | INVESTMENT ADVISOR | $124,244 | $0 |
| Empower Annuity Insurance Company | RECORDKEEPER | $91,428 | $0 |
| Nail Mckinney Professional | CONTRACT ADMIN | $0 | $5,000 |