2023 Form 5500 filing — National Bankshares, Inc. Retirement Income 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 20240723133533NAL0007320899001) for National Bankshares, Inc. Retirement Income Plan, reported by National Bankshares, Inc. under EIN 54-1375874 and plan number 001. It reports 334 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240723133533NAL0007320899001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- National Bankshares, Inc.
- EIN
- 54-1375874
- Plan number
- 001
- Location
- Blacksburg, VA
- Participants
- 334
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $32,624,169
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $32,624,169
- Employer contributions
- $0
- Total income / additions
- $3,633,540
- Benefits paid
- $824,606
- Administrative expenses
- $28,400
- Total expenses
- $853,006
- Net increase / (decrease)
- $2,780,534
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Sageview Consulting Group | ACTUARY | $28,400 | not reported in the loaded dataset |