Edgar Filing: TRUSTMARK CORP

form11k.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 11-K

(Mark One)

x	ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
	For the fiscal year ended December 31, 2010

o	TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
	For the transition period from _____ to _____

Commission File Number 000-03683

Full title of the plan and the address of the plan, if different from that of the issuer named below:

Trustmark 401(k) Plan

Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:

TRUSTMARK CORPORATION

248 E. Capitol Street

Jackson, Mississippi 39201

TRUSTMARK 401(k) PLAN

Jackson, Mississippi

Audited Financial Statements

Years Ended December 31, 2010 and 2009

CONTENTS


Report of Independent Registered Public Accounting Firm	1


Audited Financial Statements

Statements of Net Assets Available for Benefits	2

Statements of Changes in Net Assets Available for Benefits	3

Notes to Financial Statements	4 – 12

Supplemental Schedule

Schedule of Assets (Held at End of Year)	13-14


Signatures	15

Exhibit Index	16

Note: Supplemental schedules required by the Employee Retirement Income Security Act of 1974 not included herein are deemed not applicable to the Trustmark 401(k) Plan.

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

The Plan Administrator

Trustmark 401(k) Plan

Jackson, Mississippi

We have audited the accompanying statements of net assets available for benefits of the Trustmark 401(k) Plan (the "Plan") as of December 31, 2010 and 2009, and the related statements of changes in net assets available for benefits for the years then ended. These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2010 and 2009, and the changes in net assets available for benefits for the years then ended, in conformity with accounting principles generally accepted in the United States of America.

Our audits were performed for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedule of assets (held at end of year) as of December 31, 2010, is presented for the purpose of additional analysis and is not a required part of the basic financial statements, but is supplementary information required by the United States Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The supplemental schedule is the responsibility of the Plan's management. The supplemental schedule has been subjected to the auditing procedures applied in the audit of the basic financial statements and, in our opinion, is fairly stated in all material respects in relation to the basic financial statements taken as a whole.

Ridgeland, Mississippi

June 28, 2011

TRUSTMARK 401(k) PLAN
Statements of Net Assets Available for Benefits
December 31, 2010 and 2009
	2010			2009
Investments, at fair value
Money market accounts	$	5,736,659		$	7,469,009
Fixed income mutual funds		11,878,682			10,630,678
Collective investment fund		29,689,711			26,568,168
Common stock of Trustmark Corporation		35,952,324			32,871,065
Equity mutual funds		87,626,638			72,009,187
Total investments		170,884,014			149,548,107
Receivables
Employer contributions		320,696			304,182
Participant contributions		236,233			234,052
Total receivables		556,929			538,234
Net assets, including investments at fair value		171,440,943			150,086,341
Adjustment from fair value to contract value for interest in a collective trust relating to fully benefit-responsive investment contracts (Note 8)		(982,651	)		(704,923	)
Net assets available for benefits	$	170,458,292		$	149,381,418



See accompanying notes to financial statements.

TRUSTMARK 401(k) PLAN
Statements of Changes in Net Assets Available for Benefits
Years Ended December 31, 2010 and 2009
	2010			2009
Contributions
Employer	$	5,273,963		$	5,163,269
Participant		7,252,053			7,203,127
Other		118,152			72,166
Total contributions		12,644,168			12,438,562
Net investment income
Net appreciation in fair value of investments		14,959,612			15,719,007
Interest and dividends		4,044,017			3,289,782
Net investment income		19,003,629			19,008,789
Benefits paid to participants		(10,570,923	)		(6,050,412	)
Net increase in net assets available for benefits		21,076,874			25,396,939
Net assets available for benefits
Beginning of year		149,381,418			123,984,479
End of year	$	170,458,292		$	149,381,418



See accompanying notes to financial statements.

TRUSTMARK 401(k) PLAN

Years Ended December 31, 2010 and 2009

NOTES TO FINANCIAL STATEMENTS

Note 1. Plan Description

The following description of the Trustmark 401(k) Plan (the "Plan") provides only general information. Participants should refer to the Plan agreement for a more complete description of the Plan's provisions.

General

The Plan is a defined contribution plan established for the associates of Trustmark Corporation (the "Company") and certain other associated companies. The Plan is subject to the provisions of the Employee Retirement Income Security Act ("ERISA") of 1974.

Eligibility

The Plan provides eligibility for participation in elective deferrals by associates on the first day of the month after thirty days of employment.

Plan Administration

Federated Retirement Plan Services serves as custodian of the Plan's assets. The Plan administrator and sponsor is Trustmark Corporation, parent company of Trustmark National Bank. The Plan's trustee functions are handled by Trustmark National Bank.

Participant Accounts

Each participant's account is credited with the participant's contribution and allocations of (a) the Company's contribution and (b) Plan earnings, and charged with an allocation of administrative expenses. Allocations are based on participant earnings or account balances, as defined. The benefit to which a participant is entitled is the benefit that can be provided from the participant's vested account.

Participant Contributions

The Plan allows participants to make voluntary before-tax salary deferral contributions, through payroll deductions, to separately invested funds in accordance with Section 401(k) of the Internal Revenue Code ("IRC"). If certain requirements of IRC Section 401(k) are not met in Plan operation, the salary deferral agreements of participants may, on a nondiscriminatory and uniform basis, be amended or revoked to preserve the qualified status of the Plan. Voluntary after-tax contributions by participants are not allowed.

Participants may elect to contribute up to 75 percent of eligible compensation each period, subject to regulatory limitations. Any excess contributions must be returned to the applicable participant by April 15 of the calendar year following the year of excess contributions. The Plan allows for rollover contributions from individual retirement accounts, IRC Section 457(b) plans or other qualified plans.

TRUSTMARK 401(k) PLAN

Years Ended December 31, 2010 and 2009

NOTES TO FINANCIAL STATEMENTS

Note 1. Plan Description (Continued)

Provisions of the Plan allow participants who were age 50 years or older by the end of the calendar year to make catch-up contributions to the Plan. Catch-up contributions represent associate compensation deferrals in excess of certain Plan limits and statutory limits, including Internal Revenue Service ("IRS") annual deferral limits.

Employer Contributions

Full-time and part-time associates are eligible to receive the safe harbor matching contribution on the first day of the month following one year of service and 1,000 hours. Eligible participant contributions are matched by the employer at a rate of 100 percent of the first 6 percent of covered compensation. The employer may also make discretionary contributions. No discretionary contributions were made for the years ended December 31, 2010 and 2009.

Investment Options

Participants may direct investments of their account balance among several investment options.

The Plan provides participants the opportunity to annually elect whether cash dividends paid on employer stock will be invested in shares of employer stock within the individual participant's account or be paid to the participant in cash.

Vesting

Participants are immediately vested in their voluntary contributions, employer contributions made on their behalf and the investment earnings and losses thereon.

Payment of Benefits

On retirement, death, disability or termination of service, a participant may elect to receive a lump-sum distribution equal to the total of his or her account balance or in installments. In addition, hardship distributions are permitted if certain criteria are met.

Plan Termination

Although it has not expressed any intent to do so, the Company has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. However, no such action may deprive any participant or beneficiary under the Plan of any vested benefit.

TRUSTMARK 401(k) PLAN

Years Ended December 31, 2010 and 2009

NOTES TO FINANCIAL STATEMENTS

Note 2. Significant Accounting Policies

Basis of Presentation

The Plan's financial statements are prepared using the accrual basis of accounting, with the exception of the payment of benefits, which are recognized as a reduction in the net assets available for benefits of the Plan as they are disbursed to participants.

Investment contracts held by a defined contribution plan are required to be reported at fair value. However, contract value is the relevant measurement attribute for that portion of the net assets available for benefits of a defined contribution plan attributable to fully benefit-responsive investment contracts because contract value is the amount participants would receive if they were to initiate permitted transactions under the terms of the Plan. The statements of net assets available for benefits presents the fair value of the investment contracts as well as the adjustment of the fully benefit-responsive investment contracts from fair value to contract value. The statements of changes in net assets available for benefits are prepared on a contract value basis.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of net assets and changes therein, and disclosure of contingent assets and liabilities. Actual results could differ from those estimates.

Valuation of Investments and Income Recognition

Investments are stated at fair value. The fair value of mutual funds and other securities traded on a national securities exchange are valued at the closing quoted market price on the last business day of the year. The Plan's interest in a collective investment fund (the Federated Capital Preservation Fund) is valued based upon information reported by the investment advisor using the audited financial statements of the collective trust at year-end.

Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date.

Net Appreciation in Fair Value of Investments

Net appreciation in fair value of investments, as recorded in the accompanying statements of changes in net assets available for benefits, includes changes in the fair value of investments acquired, sold or held during the year.

Administrative Fees

Administrative fees are paid by the Plan. All other fees, including professional fees, are paid by the Company. Expenses that relate solely to a participant are assessed against such participant as provided in the Plan agreement.

TRUSTMARK 401(k) PLAN

Years Ended December 31, 2010 and 2009

NOTES TO FINANCIAL STATEMENTS

Note 2. Significant Accounting Policies (Continued)

Risks and Uncertainties

The Plan's investments include funds which invest in various types of investment securities and in various companies within various markets. Investment securities are exposed to several risks, such as interest rate, market and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect participants' account balances and the amounts reported in the statements of net assets available for benefits.

Impact of Recently Issued Accounting Standards

Effective January 1, 2010, the Plan adopted certain provisions of the Financial Accounting Standard Board's ("FASB") amendment to ASC Topic 820, Fair Value Measurements, ASU 2010-06, Improving Disclosures about Fair Value Measurements, which require new disclosures about significant transfers in and out of Levels 1 and 2 fair value measurements and separate disclosures about purchases, sales, issuances and settlements relating to Level 3 fair value measurements. The updated guidance also clarifies existing disclosure requirements regarding inputs and valuation techniques, as well as the level of disaggregation for each class of assets and liabilities for which separate fair value measurements should be disclosed. The guidance was effective January 1, 2010, except for the separate disclosures about purchases, sales, issuances and settlements relating to Level 3 measurements, which are effective for the Plan beginning December 31, 2011. The Plan's adoption of the updated guidance did not have an impact on its financial statements.

Note 3. Investments

The fair value of individual investments that represent 5 percent or more of the Plan's net assets as of December 31, 2010 or 2009, are as follows:

	2010		2009
Common stock of Trustmark Corporation	$	35,952,324	$	32,871,065
Federated Capital Preservation Fund (collective investment fund)		29,689,711		26,568,168

TRUSTMARK 401(k) PLAN

Years Ended December 31, 2010 and 2009

NOTES TO FINANCIAL STATEMENTS

Note 3. Investments (Continued)

During 2010 and 2009, the Plan's investments (including investments bought and sold, as well as held during the year) appreciated in value as follows:

	2010		2009
Change in investments at fair value as determined by quoted market price
Common stock of Trustmark Corporation	$	3,629,302	$	2,148,826
Mutual funds		11,330,310		13,570,181
Net appreciation in fair value of investments	$	14,959,612	$	15,719,007

Note 4. Tax Status

The IRS has determined and informed the Company by a letter dated November 19, 2001, that the Plan and related trust are designed in accordance with applicable sections of the IRC. The Plan has been amended since receiving the determination letter. However, the Plan administrator believes that the Plan is designed and is currently being operated in compliance with the applicable requirements of the IRC.

In July 2006, the FASB issued Interpretation No. 48, Accounting for Uncertainty in Income Taxes – an interpretation of FASB Statement No. 109, codified in ASC Topic 740 ("FASB ASC 740"). This standard clarifies the accounting for uncertainty in income taxes recognized in an entity's financial statements and prescribes a recognition threshold and measurement attribute for tax positions taken or expected to be taken on a tax return including the entity's status as a tax-exempt entity. Additionally, FASB ASC 740 provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. The Plan adopted the standard effective January 1, 2009. The Plan had no significant uncertain tax positions at the date of adoption or at December 31, 2010 and 2009. Accordingly, the adoption did not have a material effect on the Plan's financial position or changes in net assets. If interest and penalties are incurred related to uncertain tax positions, such amounts are recognized in income tax expense. Tax periods for all fiscal years after 2006 remain open to examination by the federal and taxing jurisdictions to which the Plan is subject.

Note 5. Related Parties

Certain Plan investments are invested in the common stock of the Company. Investment transactions in employer securities qualify as exempt party-in-interest transactions. For the years ended December 31, 2010 and 2009, dividends of $1,362,015 and $1,320,414, respectively, were received by the Plan from the Company.

TRUSTMARK 401(k) PLAN

Years Ended December 31, 2010 and 2009

NOTES TO FINANCIAL STATEMENTS

Note 5. Related Parties (Continued)

Trustmark National Bank serves as the investment advisor for the Performance Funds Trust Mutual Funds.

Note 6. Contingencies

The Company and its subsidiaries are parties to lawsuits and other claims that arise in the ordinary course of business. Some of the lawsuits assert claims related to various business activities and some of the lawsuits allege substantial claims for damages. The cases are being vigorously contested. In the regular course of business, management evaluates estimated losses or costs related to litigation, and provision is made for anticipated losses whenever management believes that such losses are probable and can be reasonably estimated. At the present time, management believes, based on the advice of legal counsel, that the final resolution of pending legal proceedings will not have a material impact on the Company or the Plan's financial statements.

Note 7. Fair Value Measurements

FASB ASC Topic No. 820, Fair Value Measurements and Disclosures ("FASB ASC 820"), establishes a framework for measuring fair value. That framework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy under FASB ASC 820 are described as follows:

·	Level 1 Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets that the Plan has the ability to access.

Level 2 Inputs to the valuation methodology include: quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in inactive markets; inputs other than quoted prices that are observable for the asset or liability; inputs that are derived principally from or corroborated by observable market data by correlation or other means. If the asset or liability has a specified (contractual) term, the Level 2 input must be observable for substantially the full term of the asset or liability.

·	Level 3 Inputs to the valuation methodology are unobservable and significant to the fair value measurement.

TRUSTMARK 401(k) PLAN

Years Ended December 31, 2010 and 2009

NOTES TO FINANCIAL STATEMENTS

Note 7. Fair Value Measurements (Continued)

The asset or liability's fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable inputs.

Following is a description of the valuation methodologies used for assets measured at fair value on a recurring basis. There have been no changes in the methodologies used at December 31, 2010 and 2009.

Common stock of Trustmark Corporation (Level 1): Valued at the closing price reported on the active market on which the individual securities are traded.

Money market accounts and mutual funds (Level 1): Valued at the net asset value ("NAV") of shares held by the Plan at year-end.

Collective investment fund (Level 2): Valued based on information reported by the investment advisor using audited financial statements of the collective trust at year-end which outlines how the fund is valued within the fair value hierarchy.

The preceding methods described may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, although the Plan believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.

The following tables set forth by level, within the fair value hierarchy, the Plan's assets at fair value as of December 31, 2010 and 2009:

	Assets at Fair Values as of December 31, 2010
	Level 1		Level 2		Level 3		Total
Mutual funds
Index equity funds	$	12,980,069	$	-	$	-	$	12,980,069
Balanced equity funds		9,357,717		-		-		9,357,717
Growth equity funds		65,288,852		-		-		65,288,852
Fixed income funds		11,878,682		-		-		11,878,682
Money market accounts		5,736,659		-		-		5,736,659
Total mutual funds		105,241,979		-		-		105,241,979

Common stocks
Financial services		35,952,324		-		-		35,952,324
Collective investment fund		-		29,689,711		-		29,689,711

Total assets at fair value	$	141,194,303	$	29,689,711	$	-	$	170,884,014

TRUSTMARK 401(k) PLAN

Years Ended December 31, 2010 and 2009

NOTES TO FINANCIAL STATEMENTS

Note 7. Fair Value Measurements (Continued)

	Assets at Fair Values as of December 31, 2009
	Level 1		Level 2		Level 3		Total
Mutual funds
Index equity funds	$	10,511,543	$	-	$	-	$	10,511,543
Balanced equity funds		9,270,732		-		-		9,270,732
Growth equity funds		52,226,912		-		-		52,226,912
Fixed income funds		10,630,678		-		-		10,630,678
Money market accounts		7,469,009		-		-		7,469,009
Total mutual funds		90,108,874		-		-		90,108,874

Common stocks
Financial services		32,871,065		-		-		32,871,065
Collective investment fund		-		26,568,168		-		26,568,168

Total assets at fair value	$	122,979,939	$	26,568,168	$	-	$	149,548,107

Note 8. Common Collective Trust Fund

The Plan invests in a benefit-responsive common collective trust fund with Federated Investors Trust Company ("Federated"), which invests in a money market mutual fund and guaranteed investment contracts. The fund is credited with earnings on the underlying investments and charged for participant withdrawals and administrative expenses.

Because the common collective trust fund is fully benefit-responsive, contract value is the relevant measurement attribute for that portion of the net assets available for benefits attributable to the guaranteed investment contract. The common collective trust fund is presented on the face of the statements of net assets available for benefits at fair value with an adjustment to contract value in arriving at net assets available for benefits. Contract value, as reported to the Plan by Federated, represents contributions made under the contract, plus earnings, less participant withdrawals and administrative expenses. Participants may ordinarily direct the withdrawal or transfer of all or a portion of their investment at contract value.

There are no reserves against contract value for credit risk of the contract issuer or otherwise. The fair value of the common collective trust fund at December 31, 2010 and 2009, was $29,689,711 and $26,568,168, respectively. The crediting interest rate of the associated guaranteed investment contracts are based on a formula agreed upon by the issuer. Such interest rates are reviewed on a quarterly basis for resetting.

TRUSTMARK 401(k) PLAN

Years Ended December 31, 2010 and 2009

NOTES TO FINANCIAL STATEMENTS

Note 8. Common Collective Trust Fund (Continued)

Certain events limit the ability of the Plan to transact at contract value with the issuer. Such events include the following: (1) amendments to the Plan documents (including complete or partial Plan termination or merger with another Plan), (2) changes to the Plan's prohibition on competing investment options or deletion of equity wash provisions, (3) bankruptcy of the Plan sponsor or other Plan sponsor events (for example, divestitures or spin-offs of a subsidiary) that cause a significant withdrawal from the Plan or (4) the failure of the trust to qualify for exemption from federal income taxes or any required prohibited transaction exemption under ERISA. The Plan administrator does not believe that any events which would limit the Plan's ability to transact at contract value with participants are probable of occurring.

Average yields:

	2010		2009
Ratio of year-end market value yield to investments		3.03%		3.53%
Ratio of year-end crediting rate to investments		3.28%		3.70%

Note 9. Reconciliation of Financial Statements to Form 5500

The following is a reconciliation of net assets available for Plan benefits per the financial statements to the corresponding amounts shown in the Plan's Form 5500 as of December 31, 2010 and 2009:

	2010		2009

Net assets available for plan benefits per the financial statements	$	170,458,292	$	149,381,418
Adjustment from contract value to fair value for fully benefit-responsive investment contracts		982,651		704,923
Net assets available for plan benefits per the Form 5500	$	171,440,943	$	150,086,341

The following is a reconciliation of investment income per the financial statements for the year ended December 31, 2010, to the corresponding amounts shown on the Plan's Form 5500:


Total investment income per the financial statements	$	19,003,629
Adjustment from contract value to fair value for fully benefit-responsive investment contracts		277,728
Total investment income per the Form 5500	$	19,281,357

TRUSTMARK 401(k) PLAN
Plan Sponsor: Trustmark Corporation
Plan Sponsor: EIN 64-0471500
Plan Number: 002
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2010


(a)		(b) Identity of Issue, Borrower, Lessor or Similar Party	(c) Description of Investment, including Maturity Date, Rate of Interest, Collateral, Par or Maturity Value	Shares/Units Held		(d) Cost	(e) Current Value
	Money market accounts
		Federated	Prime Obligations Fund		5,736,659		$	5,736,659

	Fixed income mutual funds
*		Performance Funds Trust	Short-Term Government Income Fund		236,926			2,350,302
*		Performance Funds Trust	Intermediate Term Government Income Fund		231,841			2,499,251
		American Funds	High Income Trust Fund		180,775			2,037,331
		Federated	Mortgage Institutional Services Fund		83,438			825,204
		Federated	Intermediate Corporate Bond Institutional Services Fund		76,823			774,380
		Federated	Total Return Bond Institutional Services Fund		304,234			3,392,214

			Total fixed income mutual funds					11,878,682

	Collective investment fund
**		Federated	Capital Preservation Fund		2,870,706			29,689,711

	Common stock fund
*		Trustmark Corporation	Common stock		1,447,356			35,952,324

	Equity mutual funds
*		Performance Funds Trust	Mid-Cap Equity Fund		808,064			8,298,814
*		Performance Funds Trust	Large-Cap Equity Fund		766,049			6,411,829
*		Performance Funds Trust	Leader's Equity Fund		187,633			1,420,385
*		Performance Funds Trust	Strategic Dividend Fund		89,058			945,794
		American Funds	Euro Pacific Growth Fund		44,741			1,820,082
		Davis	New York Venture Fund		62,596			2,149,557
		Federated	Kaufmann Fund		262,126			1,439,071
		Federated	Kaufmann Small-Cap Fund		52,379			1,371,805
		Federated	MDT Balanced Fund		317,007			3,728,002
		Federated	Mid-Cap Index Fund		216,624			4,681,255
		Franklin	Balance Sheet Investment Fund		107,345			5,069,887
		Franklin	Mutual Discovery Fund		244,442			7,135,269
		Goldman Sachs	Small-Cap Value Institutional Fund		8,768			362,989
		Goldman Sachs	Structured Small-Cap Equity Fund		184,989			2,238,368

TRUSTMARK 401(k) PLAN
Plan Sponsor: Trustmark Corporation
Plan Sponsor: EIN 64-0471500
Plan Number: 002
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2010


	(b) Identity of Issue,	(c) Description of Investment, including
	Borrower, Lessor	Maturity Date, Rate of Interest,	Shares/Units			(e) Current
(a)	or Similar Party	Collateral, Par or Maturity Value	Held		(d) Cost	Value
	JP Morgan	Mid-Cap Value Fund		143,930		$	3,329,100
	Nationwide	Investor Destinations Aggressive Services Fund		175,783			1,502,944
	Nationwide	Investor Destinations Conservative Services Fund		78,633			800,485
	Nationwide	Investor Destinations Moderate Services Fund		394,171			3,740,684
	Nationwide	Investor Destinations Moderately Aggressive Services Fund		253,582			2,317,739
	Nationwide	Investor Destinations Moderately Conservative Services Fund		109,073			1,088,546
	Neuberger	Neuberger Berman Genesis Assets Advantage Fund		217,158			5,995,745
	Oppenheimer	Global Fund		44,535			2,688,568
	Oppenheimer	International Growth Fund		11,030			309,492
	Oppenheimer	International Small Co Fund		118,394			2,918,410
	Oppenheimer	Main Street Small-Cap Fund		65,399			1,336,093
	Van Kampen	Growth & Income Fund		185,091			3,557,447
	T. Rowe Price	Growth Stock Fund		163,969			5,230,608
	T. Rowe Price	Retirement 2010 Advisor		733			11,197
	T. Rowe Price	Retirement 2015 Advisor		21,967			260,749
	T. Rowe Price	Retirement 2020 Advisor		64,036			1,046,982
	T. Rowe Price	Retirement 2025 Advisor		61,319			736,440
	T. Rowe Price	Retirement 2030 Advisor		22,818			392,012
	T. Rowe Price	Retirement 2035 Advisor		27,782			339,222
	T. Rowe Price	Retirement 2040 Advisor		5,291			91,594
	T. Rowe Price	Retirement 2045 Advisor		5,479			63,391
	T. Rowe Price	Retirement 2050 Advisor		8,522			82,753
	T. Rowe Price	Retirement 2055 Advisor		12			113
	T. Rowe Price	Retirement Income Advisor		9,493			124,545
	Templeton	Foreign Fund		370,870			2,588,672

		Total equity mutual funds					87,626,638

		Total assets (held at end of year)				$	170,884,014

*	Denotes party-in-interest based on the following relationship:
	Trustmark National Bank serves as investment advisor for Performance Funds Trust; Trustmark Corporation
	is the parent company of Trustmark National Bank.
**	Contract value totals $28,707,060.
(d)	Cost information is omitted due to transactions being participant or beneficiary directed under an individual account plan.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.

TRUSTMARK 401(k) PLAN

BY: TRUSTMARK CORPORATION, PLAN SPONSOR AND ADMINISTRATOR

BY:	/s/ Louis E. Greer
	Louis E. Greer
	Treasurer, Principal Financial Officer and Principal Accounting Officer

DATE:	June 28, 2011

EXHIBIT INDEX

Exhibit Number		Description of Exhibits

23		Consent of Independent Registered Public Accounting Firm