2023 Form 5500 filing — National Bankshares, Inc. Retirement Accumulation Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240718081503NAL0005250401001) for National Bankshares, Inc. Retirement Accumulation Plan, reported by National Bankshares Retirement Accumulation Plan under EIN 54-1375874 and plan number 002. It reports 237 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240718081503NAL0005250401001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- National Bankshares Retirement Accumulation Plan
- EIN
- 54-1375874
- Plan number
- 002
- Location
- Blacksburg, VA
- Participants
- 237
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $16,677,706
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $16,677,706
- Employer contributions
- $445,758
- Participant contributions
- $670,772
- Total income / additions
- $3,216,139
- Benefits paid
- $828,588
- Administrative expenses
- $97,433
- Total expenses
- $926,021
- Net increase / (decrease)
- $2,290,118
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Voya Retirement Insurance & Annuity | RECORDKEEPER | $60,638 | not reported in the loaded dataset |
| Vba Benefits Corporation | SERVICE PROVIDER | $36,795 | not reported in the loaded dataset |