Who sponsors the First State Bank Profit Sharing 401(K) Plan?

First State Bank Profit Sharing 401(K) Plan is reported as sponsored by First State Bank (EIN 64-0659655, plan number 002) in public Form 5500 filings.

What is the most recent Form 5500 filing year for First State Bank Profit Sharing 401(K) Plan?

The latest Form 5500 filing year loaded for First State Bank Profit Sharing 401(K) Plan is 2023.

How many participants does First State Bank Profit Sharing 401(K) Plan report?

First State Bank Profit Sharing 401(K) Plan reports 174 participants in its latest loaded Form 5500 filing.

What are the reported plan assets for First State Bank Profit Sharing 401(K) Plan?

First State Bank Profit Sharing 401(K) Plan reports $8,493,134 in end-of-year plan assets in its latest loaded Form 5500 filing.

First State Bank Profit Sharing 401(K) Plan — Form 5500 plan (First State Bank)

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, First State Bank Profit Sharing 401(K) Plan is a benefit plan reported by First State Bank under EIN 64-0659655 and plan number 002. The latest loaded filing year is 2023. The filing reports 174 participants and $8,493,134 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$8.5MPlan net assets, end of year$8,488,446

Participants174Covered participants reported

Assets / participant$48.8KComputed: assets ÷ participants$48,811 (computed)

Provider compensationNone reported

Plan sponsor: First State Bank
EIN: 64-0659655
Plan number: 002
Plan type: 2
Location: Waynesboro, MS
Latest filing year: 2023

Form 5500 filing history

Filings loaded for this plan
Filing year	Participants	Schedules	Filing
2023	174	H	20241011075017NAL0022372817001

Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$8.5M total assets

Net assets$8.5MLiabilities$4.7K

Money in vs. money out

Total income / additions$1.9M

Total expenses$1M

Benefits paid / distributions$1M

Contributions

Employer$238.1K

Participant$451K

Full reported line items

Net assets

Total assets (EOY): $8,493,134
Total liabilities (EOY): $4,688
Net assets (EOY): $8,488,446
Net assets (BOY): $7,633,038

Income & contributions

Employer contributions: $238,149
Participant contributions: $450,958
Total contributions: $689,107
Total income / additions: $1,881,008

Expenses & distributions

Benefits paid: $1,025,600
Administrative expenses: $0
Total expenses: $1,025,600
Net increase / (decrease): $855,408

Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)

35%65%

Employer 35%Participant 65%

Total expenses ÷ net assets12%Computed ratio

Benefits paid ÷ total income55%Computed ratio

Service provider compensation (Schedule C)

No Schedule C service provider compensation is loaded for this plan yet.