Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › Peoples Financial
Peoples Financial 401(k)
- PFBX OTC
- Real estate and rental and leasing
- Biloxi, MS
- EIN 64-0709834
- 1 plan with Schedule H financials
- Plan year 2024
- Peoples Financial Corporation
- SEC registrant Peoples Financial Corp
Administrative expenses excluding investment management, per participant · Peoples Financial Corporation 401(k) Profit Sharing Plan · plan year 2024
$317.31
Higher than 88% of the 24,371 plans $10 to 50M that report it.
Source
= $43,472 / 137
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250627150434NAL0005394451001, received 2025-06-27
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250627150434NAL0005394451001, received 2025-06-27
Percentiles compare this plan with the Schedule H plans $10 to 50M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-06-27.
Cost and contributions
Administrative expenses per participant
$480.41
Higher than 92% of the 25,098 plans $10 to 50M that report it.
Source
= $65,816 / 137
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250627150434NAL0005394451001, received 2025-06-27
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250627150434NAL0005394451001, received 2025-06-27
Administrative expenses as a share of assets
0.256%
Higher than 44% of the 25,132 plans $10 to 50M that report it.
Source
= $65,816 / $25,752,429
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250627150434NAL0005394451001, received 2025-06-27
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250627150434NAL0005394451001, received 2025-06-27
Employer contributions per participant
$1,766
Higher than 41% of the 24,050 plans $10 to 50M that report it.
Source
= $241,876 / 137
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250627150434NAL0005394451001, received 2025-06-27
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250627150434NAL0005394451001, received 2025-06-27
Employer share of total contributions
31.5%
Higher than 63% of the 24,084 plans $10 to 50M that report it.
Source
= $241,876 / $766,843
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250627150434NAL0005394451001, received 2025-06-27
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250627150434NAL0005394451001, received 2025-06-27
Plan terms, as stated in Peoples Financial Corporation's SEC filings
Employer match
“The 401(k) provides for a matching contribution of 75% of the amounts contributed by the employee (up to 6% of compensation).”
Form 10-K filed 2026-03-18, for the year ended 2025-12-31 · benefits note, 10-K benefits note · source document
Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.
Plan features
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · 3D IRS pre-approved plan · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250627150434NAL0005394451001, received 2025-06-27
Full record, Peoples Financial Corporation 401(k) Profit Sharing Plan
| Field | Value | Source |
|---|---|---|
| Plan sponsor | PEOPLES FINANCIAL CORPORATION | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250627150434NAL0005394451001, received 2025-06-27 |
| Plan name | PEOPLES FINANCIAL CORPORATION 401(K) PROFIT SHARING PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250627150434NAL0005394451001, received 2025-06-27 |
| Sponsor EIN / plan number | 64-0709834 / 004 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250627150434NAL0005394451001, received 2025-06-27 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250627150434NAL0005394451001, received 2025-06-27 |
| Sponsor location | BILOXI, MS | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250627150434NAL0005394451001, received 2025-06-27 |
| Industry (business code) | 533110, Real estate and rental and leasing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250627150434NAL0005394451001, received 2025-06-27 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250627150434NAL0005394451001, received 2025-06-27 |
| Filing received | 2025-06-27 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250627150434NAL0005394451001, received 2025-06-27 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250627150434NAL0005394451001, received 2025-06-27 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250627150434NAL0005394451001, received 2025-06-27 |
| Participants, beginning of year | 175 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250627150434NAL0005394451001, received 2025-06-27 |
| Active participants | 127 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250627150434NAL0005394451001, received 2025-06-27 |
| Participants, end of year | 162 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250627150434NAL0005394451001, received 2025-06-27 |
| Participants with an account balance | 137 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250627150434NAL0005394451001, received 2025-06-27 |
| Total assets, beginning of year | $24,931,777 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250627150434NAL0005394451001, received 2025-06-27 |
| Total assets, end of year | $25,752,429 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250627150434NAL0005394451001, received 2025-06-27 |
| Net assets, end of year | $25,752,429 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250627150434NAL0005394451001, received 2025-06-27 |
| Total income | $3,106,942 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250627150434NAL0005394451001, received 2025-06-27 |
| Net income | $820,652 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250627150434NAL0005394451001, received 2025-06-27 |
| Employer contributions | $241,876 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250627150434NAL0005394451001, received 2025-06-27 |
| Participant contributions | $477,682 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250627150434NAL0005394451001, received 2025-06-27 |
| Other contributions (incl. rollovers) | $47,285 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250627150434NAL0005394451001, received 2025-06-27 |
| Total contributions | $766,843 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250627150434NAL0005394451001, received 2025-06-27 |
| Benefit payments | $2,220,474 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250627150434NAL0005394451001, received 2025-06-27 |
| Total expenses (incl. benefit payments) | $2,286,290 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250627150434NAL0005394451001, received 2025-06-27 |
| Total administrative expenses | $65,816 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250627150434NAL0005394451001, received 2025-06-27 |
| Contract administrator fees | $41,973 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250627150434NAL0005394451001, received 2025-06-27 |
| Investment advisory and management fees | $22,344 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250627150434NAL0005394451001, received 2025-06-27 |
| Administrative expenses excluding investment management | $43,472 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250627150434NAL0005394451001, received 2025-06-27 |
| Held in common/collective trusts | $8,349,835 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250627150434NAL0005394451001, received 2025-06-27 |
| Held in mutual funds | $15,085,922 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250627150434NAL0005394451001, received 2025-06-27 |
| Independent auditor | EISNERAMPER LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250627150434NAL0005394451001, received 2025-06-27 |
Position = column in the DOL layout for form year 2024. Filing 20250627150434NAL0005394451001, received 2025-06-27.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANYrecordkeeper | CONTRACT ADMINISTRATOR | 13 Contract administrator; 37 Participant loan processing; 50 Direct payment from the plan; 64 Recordkeeping fees | $41,973 | yes |
| INTELLICENTS INVESTMENT SOLUTIONS | INVESTMENT ADVISORY | 27 Investment advisory (plan); 50 Direct payment from the plan | $22,335 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250627150434NAL0005394451001, received 2025-06-27.
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $24,931,777 | $25,752,429 | 3.3% |
| Participants with a balance | 139 | 137 | -1.4% |
| Administrative expenses | $44,324 | $65,816 | 48.5% |
| Recordkeeping fees per participant | not reported | not reported | |
| Employer contributions | $260,538 | $241,876 | -7.2% |
Prior filing 20240722145541NAL0010658865001, received 2024-07-22; the plan years are contiguous.
Alerts, claims and corrections
Sponsor name as filed: PEOPLES FINANCIAL CORPORATION; SEC registrant: PEOPLES FINANCIAL CORP /MS/ (CIK 770460, matched by EIN; display name from the Form 11-K cover).