How big is First Bank's plan?

First Bank's plan reported $16.4M in assets and 95 participants for 2024.

Original filing (PDF)20251211095339NAL0005862387001

First Bank

Name: First Bank — First Bank Employee Stock Ownership, Form 5500 (2024)
Creator: First Bank
License: https://www.usa.gov/government-works

Form 5500

FILING_RECEIVED

First Bank Employee Stock Ownership Plan and Trust

401(k) retirement plan · First Bank's First Bank Employee Stock Ownership Plan and Trust held $16.4M in plan assets for 95 participants in 2024, with Capital Group (American Funds) as recordkeeper.

Signals · 3

Late filing · 0.8 mo51% in single holding75% employer stock

Active participants

Accounts w/ balance

133

Plan assets (EOY)

$16.4M

Net assets (EOY)

$16.4M

Plan identifiers

First Bank's EIN is 64-0226300.

EIN 64-0226300

Plan number 002

Plan year 2024

ACK ID 20251211095339NAL0005862387001

Official Form 5500 document

Download the official 2024 Form 5500 (PDF) for First Bank from the U.S. Department of Labor's EFAST2 system.

Download the official 2024 Form 5500 (PDF)

Plan features

First Bank's plan includes profit-sharing, a 401(k) feature, an ESOP, an S-corporation ESOP, a default investment (QDIA).

Decision-maker contacts

One unlock reveals every key decision-maker — plan signer, CFO, HR & Benefits — with verified email + LinkedIn for FIRST BANK.

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How this plan invests

This plan

1 pooled trust

Schedule D

25 securities

funds · stocks · CUSIPs

Holdings are itemized directly on this plan's Schedule of Assets, below.

Plan health score

Average plan with room to improve

Directional indicator from public Form 5500 data — compliance & integrity, total plan cost, participant health and vendor stack, benchmarked against same-size peers. Not a fiduciary tool.

Compliance & integrity

Total plan cost

Plan health

Vendor & structure

100

Knocking points off

Filed 0.8 months past the 10.5-month grace window.
75% of assets in employer securities (concentration risk).
Total administrative cost in the bottom quartile of peers (13th percentile).

Plan sponsor

Name

FIRST BANK

EIN

all filings

Address

POST OFFICE BOX 808 · MCCOMB, MS · 396490808

Phone

(601) 684-2231

Industry

Commercial Banking· Finance & Insurance

Plan administrator

Same as plan sponsor.

Plan characteristics

Plan number

002

Plan year

2024

Plan year begin

2024-01-01

Tax period

2024-12-31

Filed

2025-12-11

Pension benefit codes

2E · Profit-sharing

2H · Partial participant-directed accounts

2J · 401(k) feature

2K · 401(m) arrangement

2O · ESOP (non-leveraged)

2Q · S-corporation ESOP

2T · Default investment account (QDIA)

Audit & trust (Schedule H)

Service providers (Schedule C)

2 rows

Recordkeeper

Name	EIN	Location	Relation	Direct comp	Indirect comp
CAPITAL GROUP RETIREMENT PLAN SERVI	—	IRVINE, CA	RECORDKEEPER	$4K	—

Advisor / Consultant

Name	EIN	Location	Relation	Direct comp	Indirect comp
LPL FINANCIAL	04-3046611	—	INVESTMENT ADVISOR	$6K	—

Investments

25 direct securities · 1 pooled fund· $16.4M(100% of reported assets)

Rows tagged as a trust or pooled fund hold many underlying securities. Their holdings are itemized on each fund’s own Form 5500.

Common Stocks

$12.3M

2 holdings

Mutual Funds

$2.3M

19 holdings

Other securities

$1.6M

2 holdings

Cash / Money Market

$154K

1 holding

Common Collective Trusts

$18K

1 holding

Pooled Separate Account

1 holding

					% of plan
First Southwest Corporation Common Stock	Common Stocks	—	$3.6M	$8.3M	50.7%
First Southwest Corporation Common Stock	Common Stocks	—	$2.2M	$4.0M	24.2%
First Bank Certificates of Deposit Certificates of Deposit	Other securities	—	$1.6M	$1.6M	9.8%
American Funds 2015 Target Date Fund Mutual Fund	Mutual Funds	—	—	$497K	3.0%
American Funds 2035 Target Date Fund Mutual Fund	Mutual Funds	—	—	$353K	2.2%
American Funds 2020 Target Date Fund Mutual Fund	Mutual Funds	—	—	$287K	1.7%
American Funds 2040 Target Date Fund Mutual Fund	Mutual Funds	—	—	$268K	1.6%
American Funds 2045 Target Date Fund Mutual Fund	Mutual Funds	—	—	$162K	1.0%
First Bank Cash Equivalents	Cash / Money Market	—	$154K	$154K	0.9%
American Funds 2025 Target Date Fund Mutual Fund	Mutual Funds	—	—	$144K	0.9%
American Funds 2030 Target Date Fund Mutual Fund	Mutual Funds	—	—	$123K	0.7%
American Funds 2055 Target Date Fund Mutual Fund	Mutual Funds	—	—	$92K	0.6%
American Funds 2050 Target Date Fund Mutual Fund	Mutual Funds	—	—	$80K	0.5%
American Funds 2010 Target Date Fund Mutual Fund	Mutual Funds	—	—	$79K	0.5%
American Funds US Govt Money Market Mutual Fund	Mutual Funds	—	—	$55K	0.3%
Pimco Income Instl Mutual Fund	Mutual Funds	—	—	$55K	0.3%
American Funds 2060 Target Date Fund Mutual Fund	Mutual Funds	—	—	$28K	0.2%
Fidelity 500 Index Mutual Fund	Common Collective Trusts	—	—	$18K	0.1%
JP Morgan Large Cap Growth Mutual Fund	Other securities	—	—	$15K	<0.1%
American Funds 2065 Target Date Fund Mutual Fund	Mutual Funds	—	—	$15K	<0.1%
American Funds Washington Mutual Fund	Mutual Funds	—	—	$14K	<0.1%
Fidelity Large Cap Growth Index Mutual Fund	Mutual Funds	—	—	$10K	<0.1%
American Funds Europacific Mutual Fund	Mutual Funds	—	—	$6K	<0.1%
American Funds New Perspective Mutual Fund	Mutual Funds	—	—	$5K	<0.1%
Fidelity Mid Cap Index Mutual Fund	Mutual Funds	—	—	$3K	<0.1%
MAP CONTRACT VOYA LIFE INSURANCE AND ANNUITY CO. · EIN 71-0294708 / PN 000	Pooled Separate Account	—	—	$0	<0.1%