401k Plan data: MISSISSIPPI SOUTHERN BANK PENSION PLAN plan

MISSISSIPPI SOUTHERN BANK PENSION PLAN 401k Plan overview

Plan Name	MISSISSIPPI SOUTHERN BANK PENSION PLAN
Plan identification number	004

MISSISSIPPI SOUTHERN BANK PENSION PLAN Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily pay related
Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.
Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
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

BANCPLUS CORPORATION has sponsored the creation of one or more 401k plans.

Company Name: BANCPLUS CORPORATION

Employer identification number (EIN): 640134513

NAIC Classification: 522110
NAIC Description: Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MISSISSIPPI SOUTHERN BANK PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
004 2021-01-01 LISA MCDANIEL 2022-07-20
004 2020-01-01 LISA MCDANIEL 2021-10-06
004 2019-01-01 LISA MCDANIEL 2020-10-14

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
004	2021-01-01	LISA MCDANIEL	2022-07-20
004	2020-01-01	LISA MCDANIEL	2021-10-06
004	2019-01-01	LISA MCDANIEL	2020-10-14

Plan Statistics for MISSISSIPPI SOUTHERN BANK PENSION PLAN

401k plan membership statisitcs for MISSISSIPPI SOUTHERN BANK PENSION PLAN

Measure Date Value
2022: MISSISSIPPI SOUTHERN BANK PENSION PLAN 2022 401k membership
Total number of particpants at beginning of year 2022-07-20 17
Total number of particpants at end of year 2022-07-20 0
2020: MISSISSIPPI SOUTHERN BANK PENSION PLAN 2020 401k membership
Market value of plan assets 2020-12-31 1,199,601
Acturial value of plan assets 2020-12-31 1,153,977
Funding target for retired participants and beneficiaries receiving payment 2020-12-31 420,616
Number of terminated vested participants 2020-12-31 5
Fundng target for terminated vested participants 2020-12-31 61,507
Active participant vested funding target 2020-12-31 31,867
Number of active participants 2020-12-31 2
Total funding liabilities for active participants 2020-12-31 31,867
Total participant count 2020-12-31 17
Total funding target for all participants 2020-12-31 513,990
Balance at beginning of prior year after applicable adjustments 2020-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2020-12-31 15,878
Carryover balanced portion elected for use to offset prior years funding requirement 2020-12-31 0
Prefunding balanced used to offset prior years funding requirement 2020-12-31 0
Amount remaining of carryover balance 2020-12-31 0
Amount remaining of prefunding balance 2020-12-31 15,878
Present value of excess contributions 2020-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2020-12-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2020-12-31 0
Reductions in caryover balances due to elections or deemed elections 2020-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2020-12-31 0
Balance of carryovers at beginning of current year 2020-12-31 0
Balance of prefunding at beginning of current year 2020-12-31 18,904
Total employer contributions 2020-12-31 0
Total employee contributions 2020-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2020-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2020-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2020-12-31 0
Unpaid minimum required contributions for all prior years 2020-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2020-12-31 0
Remaining amount of unpaid minimum required contributions 2020-12-31 0
Minimum required contributions for current year target normal cost 2020-12-31 4,000
Net shortfall amortization installment of oustanding balance 2020-12-31 0
Waiver amortization installment 2020-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2020-12-31 0
Carryover balance elected to use to offset funding requirement 2020-12-31 0
Prefunding balance elected to use to offset funding requirement 2020-12-31 0
Additional cash requirement 2020-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2020-12-31 0
Unpaid minimum required contributions for current year 2020-12-31 0
Unpaid minimum required contributions for all years 2020-12-31 0
2019: MISSISSIPPI SOUTHERN BANK PENSION PLAN 2019 401k membership
Market value of plan assets 2019-12-31 1,038,808
Acturial value of plan assets 2019-12-31 1,101,883
Funding target for retired participants and beneficiaries receiving payment 2019-12-31 277,032
Number of terminated vested participants 2019-12-31 5
Fundng target for terminated vested participants 2019-12-31 56,563
Active participant vested funding target 2019-12-31 142,273
Number of active participants 2019-12-31 3
Total funding liabilities for active participants 2019-12-31 142,273
Total participant count 2019-12-31 17
Total funding target for all participants 2019-12-31 475,868
Balance at beginning of prior year after applicable adjustments 2019-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2019-12-31 16,751
Carryover balanced portion elected for use to offset prior years funding requirement 2019-12-31 0
Prefunding balanced used to offset prior years funding requirement 2019-12-31 0
Amount remaining of carryover balance 2019-12-31 0
Amount remaining of prefunding balance 2019-12-31 16,751
Present value of excess contributions 2019-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-12-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2019-12-31 0
Reductions in caryover balances due to elections or deemed elections 2019-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2019-12-31 0
Balance of carryovers at beginning of current year 2019-12-31 0
Balance of prefunding at beginning of current year 2019-12-31 15,878
Total employer contributions 2019-12-31 0
Total employee contributions 2019-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2019-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2019-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2019-12-31 0
Unpaid minimum required contributions for all prior years 2019-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2019-12-31 0
Remaining amount of unpaid minimum required contributions 2019-12-31 0
Minimum required contributions for current year target normal cost 2019-12-31 4,000
Net shortfall amortization installment of oustanding balance 2019-12-31 0
Waiver amortization installment 2019-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2019-12-31 0
Carryover balance elected to use to offset funding requirement 2019-12-31 0
Prefunding balance elected to use to offset funding requirement 2019-12-31 0
Additional cash requirement 2019-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2019-12-31 0
Unpaid minimum required contributions for current year 2019-12-31 0
Unpaid minimum required contributions for all years 2019-12-31 0

Measure	Date	Value
2022: MISSISSIPPI SOUTHERN BANK PENSION PLAN 2022 401k membership
Total number of particpants at beginning of year	2022-07-20	17
Total number of particpants at end of year	2022-07-20	0
2020: MISSISSIPPI SOUTHERN BANK PENSION PLAN 2020 401k membership
Market value of plan assets	2020-12-31	1,199,601
Acturial value of plan assets	2020-12-31	1,153,977
Funding target for retired participants and beneficiaries receiving payment	2020-12-31	420,616
Number of terminated vested participants	2020-12-31	5
Fundng target for terminated vested participants	2020-12-31	61,507
Active participant vested funding target	2020-12-31	31,867
Number of active participants	2020-12-31	2
Total funding liabilities for active participants	2020-12-31	31,867
Total participant count	2020-12-31	17
Total funding target for all participants	2020-12-31	513,990
Balance at beginning of prior year after applicable adjustments	2020-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2020-12-31	15,878
Carryover balanced portion elected for use to offset prior years funding requirement	2020-12-31	0
Prefunding balanced used to offset prior years funding requirement	2020-12-31	0
Amount remaining of carryover balance	2020-12-31	0
Amount remaining of prefunding balance	2020-12-31	15,878
Present value of excess contributions	2020-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-12-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2020-12-31	0
Reductions in caryover balances due to elections or deemed elections	2020-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2020-12-31	0
Balance of carryovers at beginning of current year	2020-12-31	0
Balance of prefunding at beginning of current year	2020-12-31	18,904
Total employer contributions	2020-12-31	0
Total employee contributions	2020-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2020-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2020-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2020-12-31	0
Unpaid minimum required contributions for all prior years	2020-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2020-12-31	0
Remaining amount of unpaid minimum required contributions	2020-12-31	0
Minimum required contributions for current year target normal cost	2020-12-31	4,000
Net shortfall amortization installment of oustanding balance	2020-12-31	0
Waiver amortization installment	2020-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2020-12-31	0
Carryover balance elected to use to offset funding requirement	2020-12-31	0
Prefunding balance elected to use to offset funding requirement	2020-12-31	0
Additional cash requirement	2020-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2020-12-31	0
Unpaid minimum required contributions for current year	2020-12-31	0
Unpaid minimum required contributions for all years	2020-12-31	0
2019: MISSISSIPPI SOUTHERN BANK PENSION PLAN 2019 401k membership
Market value of plan assets	2019-12-31	1,038,808
Acturial value of plan assets	2019-12-31	1,101,883
Funding target for retired participants and beneficiaries receiving payment	2019-12-31	277,032
Number of terminated vested participants	2019-12-31	5
Fundng target for terminated vested participants	2019-12-31	56,563
Active participant vested funding target	2019-12-31	142,273
Number of active participants	2019-12-31	3
Total funding liabilities for active participants	2019-12-31	142,273
Total participant count	2019-12-31	17
Total funding target for all participants	2019-12-31	475,868
Balance at beginning of prior year after applicable adjustments	2019-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2019-12-31	16,751
Carryover balanced portion elected for use to offset prior years funding requirement	2019-12-31	0
Prefunding balanced used to offset prior years funding requirement	2019-12-31	0
Amount remaining of carryover balance	2019-12-31	0
Amount remaining of prefunding balance	2019-12-31	16,751
Present value of excess contributions	2019-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-12-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2019-12-31	0
Reductions in caryover balances due to elections or deemed elections	2019-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2019-12-31	0
Balance of carryovers at beginning of current year	2019-12-31	0
Balance of prefunding at beginning of current year	2019-12-31	15,878
Total employer contributions	2019-12-31	0
Total employee contributions	2019-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2019-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2019-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2019-12-31	0
Unpaid minimum required contributions for all prior years	2019-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2019-12-31	0
Remaining amount of unpaid minimum required contributions	2019-12-31	0
Minimum required contributions for current year target normal cost	2019-12-31	4,000
Net shortfall amortization installment of oustanding balance	2019-12-31	0
Waiver amortization installment	2019-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2019-12-31	0
Carryover balance elected to use to offset funding requirement	2019-12-31	0
Prefunding balance elected to use to offset funding requirement	2019-12-31	0
Additional cash requirement	2019-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2019-12-31	0
Unpaid minimum required contributions for current year	2019-12-31	0
Unpaid minimum required contributions for all years	2019-12-31	0

Financial Data on MISSISSIPPI SOUTHERN BANK PENSION PLAN

Measure	Date	Value
2022 : MISSISSIPPI SOUTHERN BANK PENSION PLAN 2022 401k financial data
Total transfers to/from plan in this plan year	2022-07-20	-695051
Total expenses incurred by plan in this plan year	2022-07-20	769092
Net assets as of the end of the plan year	2022-07-20	0
Total assets as of the beginning of the plan year	2022-07-20	1358921
Value of plan covered by a fidelity bond	2022-07-20	10000000
Other expenses paid from plan in this plan year	2022-07-20	11500
Other income to plan in this plan year	2022-07-20	105222
Plan net income in this plan year	2022-07-20	-663870
Net assets as of the end of the plan year	2022-07-20	0
Net assets as of the beginning of the plan year	2022-07-20	1358921
Expensese paid to adminstrative service provicers from plan in this plan year	2022-07-20	6273

Potentially related plans

MISSISSIPPI SOUTHERN BANK PENSION PLAN [EIN = 640258020]

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Company Name:	BANCPLUS CORPORATION
Employer identification number (EIN):	640134513
NAIC Classification:	522110
NAIC Description:	Commercial Banking