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THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 401k Plan overview

Plan NameTHE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN
Plan identification number 001

THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

THE FIRST, A NATIONAL BANKING ASSOCIATION has sponsored the creation of one or more 401k plans.

Company Name:THE FIRST, A NATIONAL BANKING ASSOCIATION
Employer identification number (EIN):640862173
NAIC Classification:551111
NAIC Description:Offices of Bank Holding Companies

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012021-01-01
0012020-01-01
0012020-01-01
0012019-01-01
0012019-01-01
0012018-01-01
0012017-01-01DEE DEE LOWERY DEE DEE LOWERY2018-10-12
0012016-01-01DONNA LOWERY DONNA LOWERY2017-10-13
0012015-01-01DEE DEE LOWERY DEE DEE LOWERY2016-10-12
0012014-01-01DEE DEE LOWERY DEE DEE LOWERY2015-10-01
0012013-01-01DEE DEE LOWERY DEE DEE LOWERY2014-10-13
0012012-01-01DEE DEE LOWERY DEE DEE LOWERY2013-10-15
0012011-01-01DEE DEE LOWERY
0012010-01-01DEE DEE LOWERY
0012009-01-01DEE DEE LOWERY DEE DEE LOWERY2010-10-14
0012009-01-01DEE DEE LOWERY DEE DEE LOWERY2010-10-15

Plan Statistics for THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN

401k plan membership statisitcs for THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN

Measure Date Value
2022: THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-011,103
Total number of active participants reported on line 7a of the Form 55002022-01-01823
Number of other retired or separated participants entitled to future benefits2022-01-01268
Total of all active and inactive participants2022-01-011,091
Total participants2022-01-011,091
Number of participants with account balances2022-01-01944
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-0167
2021: THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01976
Total number of active participants reported on line 7a of the Form 55002021-01-01730
Number of other retired or separated participants entitled to future benefits2021-01-01246
Total of all active and inactive participants2021-01-01976
Total participants2021-01-01976
Number of participants with account balances2021-01-01851
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-0150
2020: THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01727
Total number of active participants reported on line 7a of the Form 55002020-01-01603
Number of other retired or separated participants entitled to future benefits2020-01-01150
Total of all active and inactive participants2020-01-01753
Total participants2020-01-01753
Number of participants with account balances2020-01-01687
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-0149
2019: THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01727
Total number of active participants reported on line 7a of the Form 55002019-01-01603
Number of other retired or separated participants entitled to future benefits2019-01-01150
Total of all active and inactive participants2019-01-01753
Total participants2019-01-01753
Number of participants with account balances2019-01-01687
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-0149
2018: THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01621
Total number of active participants reported on line 7a of the Form 55002018-01-01504
Number of other retired or separated participants entitled to future benefits2018-01-01109
Total of all active and inactive participants2018-01-01613
Total participants2018-01-01613
Number of participants with account balances2018-01-01545
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-0137
2017: THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01416
Total number of active participants reported on line 7a of the Form 55002017-01-01353
Number of other retired or separated participants entitled to future benefits2017-01-0171
Total of all active and inactive participants2017-01-01424
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01424
Number of participants with account balances2017-01-01380
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-0130
2016: THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01299
Total number of active participants reported on line 7a of the Form 55002016-01-01250
Number of other retired or separated participants entitled to future benefits2016-01-0149
Total of all active and inactive participants2016-01-01299
Total participants2016-01-01299
Number of participants with account balances2016-01-01268
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-0111
2015: THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01290
Total number of active participants reported on line 7a of the Form 55002015-01-01245
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0151
Total of all active and inactive participants2015-01-01296
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01296
Number of participants with account balances2015-01-01260
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-0112
2014: THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01309
Total number of active participants reported on line 7a of the Form 55002014-01-01239
Number of other retired or separated participants entitled to future benefits2014-01-0144
Total of all active and inactive participants2014-01-01283
Total participants2014-01-01283
Number of participants with account balances2014-01-01252
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-0110
2013: THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01266
Total number of active participants reported on line 7a of the Form 55002013-01-01217
Number of other retired or separated participants entitled to future benefits2013-01-0145
Total of all active and inactive participants2013-01-01262
Total participants2013-01-01262
Number of participants with account balances2013-01-01241
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-0112
2012: THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01226
Total number of active participants reported on line 7a of the Form 55002012-01-01178
Number of other retired or separated participants entitled to future benefits2012-01-0128
Total of all active and inactive participants2012-01-01206
Total participants2012-01-01206
Number of participants with account balances2012-01-01192
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-018
2011: THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01183
Total number of active participants reported on line 7a of the Form 55002011-01-01193
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-010
Total of all active and inactive participants2011-01-01193
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01193
Number of participants with account balances2011-01-01187
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2010: THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01154
Total number of active participants reported on line 7a of the Form 55002010-01-01136
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-011
Total of all active and inactive participants2010-01-01137
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-01137
Number of participants with account balances2010-01-01137
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01161
Total number of active participants reported on line 7a of the Form 55002009-01-01133
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0125
Total of all active and inactive participants2009-01-01158
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-011
Total participants2009-01-01159
Number of participants with account balances2009-01-01136
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-014

Financial Data on THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN

Measure Date Value
2022 : THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2022 401k financial data
Total income from all sources (including contributions)2022-12-31$790,890
Total of all expenses incurred2022-12-31$2,846,061
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$2,664,977
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$6,202,409
Value of total assets at end of year2022-12-31$36,061,169
Value of total assets at beginning of year2022-12-31$38,116,340
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$181,084
Total interest from all sources2022-12-31$975
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$1,592,047
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$1,592,047
Administrative expenses professional fees incurred2022-12-31$181,084
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$7,000,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$3,514,952
Participant contributions at end of year2022-12-31$143,321
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$1,527,626
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-2,055,171
Value of net assets at end of year (total assets less liabilities)2022-12-31$36,061,169
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$38,116,340
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$32,129,079
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$34,829,803
Interest earned on other investments2022-12-31$33,531
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-12-31$975
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$3,932,090
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$3,286,537
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-7,004,541
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$1,159,831
Employer contributions (assets) at end of year2022-12-31$48,916
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$2,664,977
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31T.E. LOTT & COMPANY
Accountancy firm EIN2022-12-31640575804
2021 : THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2021 401k financial data
Total income from all sources (including contributions)2021-12-31$8,853,155
Total of all expenses incurred2021-12-31$2,676,054
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$2,503,503
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$4,662,860
Value of total assets at end of year2021-12-31$38,116,340
Value of total assets at beginning of year2021-12-31$31,939,239
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$172,551
Total interest from all sources2021-12-31$742
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$1,937,054
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$1,937,054
Administrative expenses professional fees incurred2021-12-31$172,551
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$7,000,000
If this is an individual account plan, was there a blackout period2021-12-31No
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$2,953,497
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$649,815
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2021-12-31$11,939
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$6,177,101
Value of net assets at end of year (total assets less liabilities)2021-12-31$38,116,340
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$31,939,239
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$34,829,803
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$29,198,117
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2021-12-31$742
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$3,286,537
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$2,741,122
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$2,252,499
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$1,059,548
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$2,491,564
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31T.E. LOTT & COMPANY
Accountancy firm EIN2021-12-31640575804
2020 : THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2020 401k financial data
Total income from all sources (including contributions)2020-12-31$9,369,500
Total of all expenses incurred2020-12-31$3,313,047
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$3,173,830
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$5,283,829
Value of total assets at end of year2020-12-31$31,939,239
Value of total assets at beginning of year2020-12-31$25,882,786
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$139,217
Total interest from all sources2020-12-31$625
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$1,033,292
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$1,033,292
Administrative expenses professional fees incurred2020-12-31$139,217
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$7,000,000
If this is an individual account plan, was there a blackout period2020-12-31No
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$2,865,162
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$1,399,708
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$6,056,453
Value of net assets at end of year (total assets less liabilities)2020-12-31$31,939,239
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$25,882,786
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$29,198,117
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$23,816,221
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$625
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2020-12-31$2,741,122
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-12-31$2,066,565
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$3,051,754
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$1,018,959
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$3,173,830
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31T.E. LOTT & COMPANY
Accountancy firm EIN2020-12-31640575804
2019 : THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2019 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2019-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2019-12-31$0
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total income from all sources (including contributions)2019-12-31$9,975,063
Total loss/gain on sale of assets2019-12-31$0
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$3,301,768
Total of all expenses incurred2019-12-31$3,301,768
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$3,185,020
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$6,219,120
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$6,219,120
Value of total assets at end of year2019-12-31$25,882,786
Value of total assets at end of year2019-12-31$25,882,786
Value of total assets at beginning of year2019-12-31$19,209,491
Value of total assets at beginning of year2019-12-31$19,209,491
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$116,748
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$116,748
Total interest from all sources2019-12-31$23,826
Total interest from all sources2019-12-31$23,826
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$922,728
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$922,728
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$922,728
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$922,728
Was this plan covered by a fidelity bond2019-12-31Yes
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$7,000,000
Value of fidelity bond cover2019-12-31$7,000,000
If this is an individual account plan, was there a blackout period2019-12-31No
If this is an individual account plan, was there a blackout period2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$2,260,937
Contributions received from participants2019-12-31$2,260,937
Participant contributions at beginning of year2019-12-31$76,492
Participant contributions at beginning of year2019-12-31$76,492
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$3,188,165
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$3,188,165
Administrative expenses (other) incurred2019-12-31$116,748
Administrative expenses (other) incurred2019-12-31$116,748
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$6,673,295
Value of net income/loss2019-12-31$6,673,295
Value of net assets at end of year (total assets less liabilities)2019-12-31$25,882,786
Value of net assets at end of year (total assets less liabilities)2019-12-31$25,882,786
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$19,209,491
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$19,209,491
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$23,816,221
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$23,816,221
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$17,404,954
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$17,404,954
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$23,826
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$23,826
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$2,066,565
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$2,066,565
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$1,699,858
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$1,699,858
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$2,809,389
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$2,809,389
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$770,018
Contributions received in cash from employer2019-12-31$770,018
Employer contributions (assets) at beginning of year2019-12-31$28,187
Employer contributions (assets) at beginning of year2019-12-31$28,187
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$3,185,020
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$3,185,020
Did the plan have assets held for investment2019-12-31Yes
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Aggregate proceeds on sale of assets2019-12-31$0
Aggregate proceeds on sale of assets2019-12-31$0
Aggregate carrying amount (costs) on sale of assets2019-12-31$0
Aggregate carrying amount (costs) on sale of assets2019-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31T.E. LOTT & COMPANY
Accountancy firm name2019-12-31T.E. LOTT & COMPANY
Accountancy firm EIN2019-12-31640575804
Accountancy firm EIN2019-12-31640575804
2018 : THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2018 401k financial data
Total income from all sources (including contributions)2018-12-31$4,307,030
Total of all expenses incurred2018-12-31$1,871,752
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$1,772,970
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$5,123,644
Value of total assets at end of year2018-12-31$19,209,491
Value of total assets at beginning of year2018-12-31$16,774,213
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$98,782
Total interest from all sources2018-12-31$812,112
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$7,000,000
If this is an individual account plan, was there a blackout period2018-12-31No
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$1,728,981
Participant contributions at end of year2018-12-31$76,492
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$2,766,481
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$2,435,278
Value of net assets at end of year (total assets less liabilities)2018-12-31$19,209,491
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$16,774,213
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Investment advisory and management fees2018-12-31$98,782
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$17,404,954
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$15,145,389
Interest earned on other investments2018-12-31$793,659
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2018-12-31$18,453
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2018-12-31$1,699,858
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2018-12-31$1,628,824
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-1,628,726
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$628,182
Employer contributions (assets) at end of year2018-12-31$28,187
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$1,772,970
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31T.E. LOTT & COMPANY
Accountancy firm EIN2018-12-31640575804
2017 : THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2017 401k financial data
Total income from all sources (including contributions)2017-12-31$8,459,389
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$1,324,767
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$1,264,081
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$6,507,977
Value of total assets at end of year2017-12-31$16,774,213
Value of total assets at beginning of year2017-12-31$9,639,591
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$60,686
Total interest from all sources2017-12-31$438,304
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$7,000,000
If this is an individual account plan, was there a blackout period2017-12-31No
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$1,420,647
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$4,574,554
Total non interest bearing cash at beginning of year2017-12-31$1,539
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$7,134,622
Value of net assets at end of year (total assets less liabilities)2017-12-31$16,774,213
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$9,639,591
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Investment advisory and management fees2017-12-31$60,686
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$15,145,389
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$8,446,571
Interest on participant loans2017-12-31$0
Interest earned on other investments2017-12-31$420,072
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-12-31$18,232
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2017-12-31$1,628,824
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2017-12-31$1,191,481
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$1,513,108
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$512,776
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$1,264,081
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Aggregate proceeds on sale of assets2017-12-31$0
Aggregate carrying amount (costs) on sale of assets2017-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31T.E. LOTT & COMPANY
Accountancy firm EIN2017-12-31640575804
2016 : THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2016 401k financial data
Total transfer of assets to this plan2016-12-31$0
Total transfer of assets from this plan2016-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$795
Total income from all sources (including contributions)2016-12-31$2,355,715
Total of all expenses incurred2016-12-31$682,202
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$673,184
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$1,776,424
Value of total assets at end of year2016-12-31$9,639,591
Value of total assets at beginning of year2016-12-31$7,966,873
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$9,018
Total interest from all sources2016-12-31$462,194
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$7,000,000
If this is an individual account plan, was there a blackout period2016-12-31No
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$954,155
Participant contributions at beginning of year2016-12-31$33,293
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$483,069
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2016-12-31$795
Administrative expenses (other) incurred2016-12-31$9,018
Total non interest bearing cash at end of year2016-12-31$1,539
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Income. Non cash contributions2016-12-31$0
Value of net income/loss2016-12-31$1,673,513
Value of net assets at end of year (total assets less liabilities)2016-12-31$9,639,591
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$7,966,078
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$8,446,571
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$6,813,886
Interest earned on other investments2016-12-31$448,780
Income. Interest from US Government securities2016-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2016-12-31$13,414
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2016-12-31$1,191,481
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2016-12-31$1,107,285
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$117,097
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$339,200
Employer contributions (assets) at beginning of year2016-12-31$12,409
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$673,184
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31T.E. LOTT & COMPANY
Accountancy firm EIN2016-12-31640575804
2015 : THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2015 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$795
Total income from all sources (including contributions)2015-12-31$1,133,229
Total of all expenses incurred2015-12-31$772,016
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$763,728
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$1,215,256
Value of total assets at end of year2015-12-31$7,966,873
Value of total assets at beginning of year2015-12-31$7,604,865
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$8,288
Total interest from all sources2015-12-31$564,146
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$7,000,000
If this is an individual account plan, was there a blackout period2015-12-31No
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$781,533
Participant contributions at end of year2015-12-31$33,293
Participant contributions at beginning of year2015-12-31$11,197
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$146,830
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2015-12-31$795
Administrative expenses (other) incurred2015-12-31$8,288
Total non interest bearing cash at beginning of year2015-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$361,213
Value of net assets at end of year (total assets less liabilities)2015-12-31$7,966,078
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$7,604,865
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$6,813,886
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$6,471,292
Interest earned on other investments2015-12-31$550,818
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2015-12-31$13,328
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2015-12-31$1,107,285
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2015-12-31$1,095,098
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-646,173
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$286,893
Employer contributions (assets) at end of year2015-12-31$12,409
Employer contributions (assets) at beginning of year2015-12-31$27,278
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$763,728
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31T.E. LOTT & COMPANY
Accountancy firm EIN2015-12-31640575804
2014 : THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2014 401k financial data
Total income from all sources (including contributions)2014-12-31$1,331,758
Total of all expenses incurred2014-12-31$691,498
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$686,885
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$986,292
Value of total assets at end of year2014-12-31$7,604,865
Value of total assets at beginning of year2014-12-31$6,964,605
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$4,613
Total interest from all sources2014-12-31$493,405
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$7,000,000
If this is an individual account plan, was there a blackout period2014-12-31No
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$653,700
Participant contributions at end of year2014-12-31$11,197
Participant contributions at beginning of year2014-12-31$10,888
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$76,876
Administrative expenses (other) incurred2014-12-31$4,613
Total non interest bearing cash at end of year2014-12-31$0
Total non interest bearing cash at beginning of year2014-12-31$1,065
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$640,260
Value of net assets at end of year (total assets less liabilities)2014-12-31$7,604,865
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$6,964,605
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$6,471,292
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$5,866,092
Interest earned on other investments2014-12-31$479,717
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2014-12-31$13,688
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2014-12-31$1,095,098
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2014-12-31$1,060,025
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$-147,939
Net investment gain/loss from pooled separate accounts2014-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$255,716
Employer contributions (assets) at end of year2014-12-31$27,278
Employer contributions (assets) at beginning of year2014-12-31$26,535
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$686,885
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31T.E. LOTT & COMPANY
Accountancy firm EIN2014-12-31640575804
2013 : THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2013 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2013-12-31$0
Total unrealized appreciation/depreciation of assets2013-12-31$0
Total income from all sources (including contributions)2013-12-31$2,898,843
Total of all expenses incurred2013-12-31$378,260
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$369,748
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$2,427,588
Value of total assets at end of year2013-12-31$6,964,605
Value of total assets at beginning of year2013-12-31$4,444,022
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$8,512
Total interest from all sources2013-12-31$393,401
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-12-31$0
Administrative expenses professional fees incurred2013-12-31$0
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$7,000,000
If this is an individual account plan, was there a blackout period2013-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$643,938
Participant contributions at end of year2013-12-31$10,888
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$1,535,295
Administrative expenses (other) incurred2013-12-31$8,512
Total non interest bearing cash at end of year2013-12-31$1,065
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$2,520,583
Value of net assets at end of year (total assets less liabilities)2013-12-31$6,964,605
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$4,444,022
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$5,866,092
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$4,407,959
Value of interest in pooled separate accounts at end of year2013-12-31$0
Value of interest in pooled separate accounts at beginning of year2013-12-31$0
Interest earned on other investments2013-12-31$393,401
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2013-12-31$1,060,025
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2013-12-31$36,063
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$77,854
Net investment gain/loss from pooled separate accounts2013-12-31$77,854
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Contributions received in cash from employer2013-12-31$248,355
Employer contributions (assets) at end of year2013-12-31$26,535
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$369,748
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31T.E. LOTT & COMPANY
Accountancy firm EIN2013-12-31640575804
2012 : THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2012 401k financial data
Total income from all sources (including contributions)2012-12-31$1,487,373
Total of all expenses incurred2012-12-31$206,326
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$206,326
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$1,043,293
Value of total assets at end of year2012-12-31$4,444,022
Value of total assets at beginning of year2012-12-31$3,162,975
Total interest from all sources2012-12-31$110,335
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$7,000,000
If this is an individual account plan, was there a blackout period2012-12-31No
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$474,997
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$378,777
Other income not declared elsewhere2012-12-31$377,381
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$1,281,047
Value of net assets at end of year (total assets less liabilities)2012-12-31$4,444,022
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$3,162,975
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$4,407,959
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$2,114,676
Value of interest in pooled separate accounts at end of year2012-12-31$4,407,959
Interest earned on other investments2012-12-31$110,335
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2012-12-31$36,063
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2012-12-31$1,048,299
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$-43,636
Net investment gain/loss from pooled separate accounts2012-12-31$-43,636
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$189,519
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$206,326
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31T.E. LOTT & COMPANY
Accountancy firm EIN2012-12-31640575804
2011 : THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2011 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2011-12-31$0
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total transfer of assets to this plan2011-12-31$0
Total transfer of assets from this plan2011-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$397,095
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$88,433
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$88,433
Expenses. Certain deemed distributions of participant loans2011-12-31$0
Value of total corrective distributions2011-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$491,962
Value of total assets at end of year2011-12-31$3,162,975
Value of total assets at beginning of year2011-12-31$2,854,313
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$0
Total interest from all sources2011-12-31$29,204
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$7,000,000
If this is an individual account plan, was there a blackout period2011-12-31No
Funding deficiency by the employer to the plan for this plan year2011-12-31$0
Minimum employer required contribution for this plan year2011-12-31$0
Amount contributed by the employer to the plan for this plan year2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$349,378
Participant contributions at end of year2011-12-31$0
Participant contributions at beginning of year2011-12-31$0
Assets. Other investments not covered elsewhere at end of year2011-12-31$0
Assets. Other investments not covered elsewhere at beginning of year2011-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$0
Other income not declared elsewhere2011-12-31$0
Administrative expenses (other) incurred2011-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$308,662
Value of net assets at end of year (total assets less liabilities)2011-12-31$3,162,975
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$2,854,313
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$2,114,676
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$1,910,481
Value of interest in pooled separate accounts at end of year2011-12-31$0
Value of interest in pooled separate accounts at beginning of year2011-12-31$0
Interest on participant loans2011-12-31$0
Interest earned on other investments2011-12-31$29,204
Value of interest in common/collective trusts at end of year2011-12-31$0
Value of interest in common/collective trusts at beginning of year2011-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2011-12-31$1,048,299
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2011-12-31$943,832
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$0
Net investment gain/loss from pooled separate accounts2011-12-31$-124,071
Net investment gain or loss from common/collective trusts2011-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Assets. Invements in employer securities at end of year2011-12-31$0
Assets. Invements in employer securities at beginning of year2011-12-31$0
Contributions received in cash from employer2011-12-31$142,584
Income. Dividends from common stock2011-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$88,433
Asset. Corporate debt instrument debt (other) at end of year2011-12-31$0
Asset. Corporate debt instrument debt (other) at beginning of year2011-12-31$0
Assets. Corporate common stocks other than exployer securities at end of year2011-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2011-12-31$0
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31T E LOTT & COMPANY
Accountancy firm EIN2011-12-31640575804
2010 : THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2010 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2010-12-31$0
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total transfer of assets to this plan2010-12-31$0
Total transfer of assets from this plan2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$702,656
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$248,874
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$248,874
Expenses. Certain deemed distributions of participant loans2010-12-31$0
Value of total corrective distributions2010-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$427,084
Value of total assets at end of year2010-12-31$2,854,313
Value of total assets at beginning of year2010-12-31$2,400,531
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$0
Total interest from all sources2010-12-31$28,904
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$7,000,000
If this is an individual account plan, was there a blackout period2010-12-31No
Funding deficiency by the employer to the plan for this plan year2010-12-31$0
Minimum employer required contribution for this plan year2010-12-31$0
Amount contributed by the employer to the plan for this plan year2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$297,964
Participant contributions at end of year2010-12-31$0
Participant contributions at beginning of year2010-12-31$0
Assets. Other investments not covered elsewhere at end of year2010-12-31$0
Assets. Other investments not covered elsewhere at beginning of year2010-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$0
Other income not declared elsewhere2010-12-31$0
Administrative expenses (other) incurred2010-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$453,782
Value of net assets at end of year (total assets less liabilities)2010-12-31$2,854,313
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$2,400,531
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$1,910,481
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$1,466,088
Value of interest in pooled separate accounts at end of year2010-12-31$0
Value of interest in pooled separate accounts at beginning of year2010-12-31$0
Interest on participant loans2010-12-31$0
Interest earned on other investments2010-12-31$28,904
Value of interest in common/collective trusts at end of year2010-12-31$0
Value of interest in common/collective trusts at beginning of year2010-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2010-12-31$943,832
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2010-12-31$934,443
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$0
Net investment gain/loss from pooled separate accounts2010-12-31$246,668
Net investment gain or loss from common/collective trusts2010-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Assets. Invements in employer securities at end of year2010-12-31$0
Assets. Invements in employer securities at beginning of year2010-12-31$0
Contributions received in cash from employer2010-12-31$129,120
Income. Dividends from common stock2010-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$248,874
Asset. Corporate debt instrument debt (other) at end of year2010-12-31$0
Asset. Corporate debt instrument debt (other) at beginning of year2010-12-31$0
Assets. Corporate common stocks other than exployer securities at end of year2010-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2010-12-31$0
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31T. E. LOTT & COMPANY
Accountancy firm EIN2010-12-31640575804
2009 : THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2009 401k financial data
Funding deficiency by the employer to the plan for this plan year2009-12-31$0
Minimum employer required contribution for this plan year2009-12-31$0
Amount contributed by the employer to the plan for this plan year2009-12-31$0

Form 5500 Responses for THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN

2022: THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedYes
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes
2020: THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes
2019: THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes
2018: THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement – InsuranceYes
2018-01-01Plan benefit arrangement - TrustYes
2017: THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement – InsuranceYes
2017-01-01Plan benefit arrangement - TrustYes
2016: THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement – InsuranceYes
2016-01-01Plan benefit arrangement - TrustYes
2015: THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement – InsuranceYes
2015-01-01Plan benefit arrangement - TrustYes
2014: THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – InsuranceYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement – InsuranceYes
2014-01-01Plan benefit arrangement - TrustYes
2013: THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedYes
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – InsuranceYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement – InsuranceYes
2013-01-01Plan benefit arrangement - TrustYes
2012: THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedYes
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes
2012-01-01Plan benefit arrangement - TrustYes
2011: THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2010: THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedYes
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement – InsuranceYes
2009: THE FIRST BANCSHARES, INC. PROFIT SHARING 401(K) PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number334598-01
Policy instance 1
Insurance contract or identification number334598-01
Number of Individuals Covered43
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number334598-01
Policy instance 1
Insurance contract or identification number334598-01
Number of Individuals Covered35
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number334598-01
Policy instance 1
Insurance contract or identification number334598-01
Number of Individuals Covered34
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number334598-01
Policy instance 1
Insurance contract or identification number334598-01
Number of Individuals Covered23
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number334598-01
Policy instance 1
Insurance contract or identification number334598-01
Number of Individuals Covered22
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number334598-01
Policy instance 1
Insurance contract or identification number334598-01
Number of Individuals Covered20
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number334598-01
Policy instance 1
Insurance contract or identification number334598-01
Number of Individuals Covered8
Insurance policy start date2015-01-01
Insurance policy end date2015-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $23,281
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Commission paid to Insurance BrokerUSD $0
Amount paid for insurance broker fees23281
Additional information about fees paid to insurance brokerINVESTMENT ADVISOR
Insurance broker organization code?7
Insurance broker nameLPL FINANCIAL LLC
GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number334598-01
Policy instance 1
Insurance contract or identification number334598-01
Number of Individuals Covered6
Insurance policy start date2014-01-01
Insurance policy end date2014-12-31
Total amount of commissions paid to insurance brokerUSD $2,190
Total amount of fees paid to insurance companyUSD $0
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Commission paid to Insurance BrokerUSD $1,095
Insurance broker organization code?3
Insurance broker nameLESLIE MARTIN
GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number334598-01
Policy instance 1
Insurance contract or identification number334598-01
Number of Individuals Covered4
Insurance policy start date2013-01-01
Insurance policy end date2013-12-31
Total amount of commissions paid to insurance brokerUSD $1,892
Total amount of fees paid to insurance companyUSD $0
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Commission paid to Insurance BrokerUSD $946
Insurance broker organization code?3
Insurance broker nameLESLIE MARTIN
GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number334598-01
Policy instance 1
Insurance contract or identification number334598-01
Number of Individuals Covered3
Insurance policy start date2012-01-01
Insurance policy end date2012-12-31
Total amount of commissions paid to insurance brokerUSD $14
Total amount of fees paid to insurance companyUSD $0
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $7
Insurance broker organization code?3
Insurance broker nameCHRISTOPHER NOONE
HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-023771
Policy instance 1
Insurance contract or identification numberGA-023771
Number of Individuals Covered187
Insurance policy start date2011-01-01
Insurance policy end date2011-12-31
Total amount of commissions paid to insurance brokerUSD $14,698
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-023771
Policy instance 1
Insurance contract or identification numberGA-023771
Number of Individuals Covered137
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $12,383
Total amount of fees paid to insurance companyUSD $51
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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