Plain-English plan 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, National Bankshares, Inc. Retirement Accumulation Plan is a benefit plan reported by National Bankshares Retirement Accumulation Plan under EIN 54-1375874 and plan number 002. The latest loaded filing year is 2023. The filing reports 237 participants and $16,677,706 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $16,677,706
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $16,677,706
- Net assets (BOY)
- $14,387,588
Income & contributions
- Employer contributions
- $445,758
- Participant contributions
- $670,772
- Total contributions
- $1,116,530
- Total income / additions
- $3,216,139
Expenses & distributions
- Benefits paid
- $828,588
- Administrative expenses
- $97,433
- Total expenses
- $926,021
- Net increase / (decrease)
- $2,290,118