2023 Form 5500 filing — National Bankshares, Inc. Employee Stock Ownership 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 20240725151027NAL0008348115001) for National Bankshares, Inc. Employee Stock Ownership Plan, reported by National Bankshares, Inc. under EIN 54-1375874 and plan number 003. It reports 215 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240725151027NAL0008348115001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- National Bankshares, Inc.
- EIN
- 54-1375874
- Plan number
- 003
- Location
- Blacksburg, VA
- Participants
- 215
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $6,664,254
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $6,664,254
- Employer contributions
- $300,000
- Total income / additions
- -$737,224
- Benefits paid
- $394,835
- Administrative expenses
- $9,400
- Total expenses
- $404,235
- Net increase / (decrease)
- -$1,141,459
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal | RECORDKEEPER/BOOKKEEPER | $9,400 | not reported in the loaded dataset |