Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › National Bankshares
National Bankshares 401(k)
- NKSH Nasdaq
- Finance and insurance
- Blacksburg, VA
- EIN 54-1375874
- 1 plan with Schedule H financials
- Plan year 2024
- National Bankshares, Inc.
- filed as National Bankshares Inc. Retirement Accumulation Plan
- SEC registrant National Bankshares Inc
Administrative expenses excluding investment management, per participant · National Bankshares, Inc. Retirement Accumulation Plan · plan year 2024
$300.89
Higher than 87% of the 24,371 plans $10 to 50M that report it.
Source
= $69,506 / 231
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250729114002NAL0001284819001, received 2025-07-29
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250729114002NAL0001284819001, received 2025-07-29
Percentiles compare this plan with the Schedule H plans $10 to 50M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-07-29.
Cost and contributions
Administrative expenses per participant
$478.53
Higher than 91% of the 25,098 plans $10 to 50M that report it.
Source
= $110,541 / 231
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250729114002NAL0001284819001, received 2025-07-29
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250729114002NAL0001284819001, received 2025-07-29
Administrative expenses as a share of assets
0.609%
Higher than 91% of the 25,132 plans $10 to 50M that report it.
Source
= $110,541 / $18,158,943
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250729114002NAL0001284819001, received 2025-07-29
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250729114002NAL0001284819001, received 2025-07-29
Employer contributions per participant
$2,062
Higher than 50% of the 24,050 plans $10 to 50M that report it.
Source
= $476,348 / 231
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250729114002NAL0001284819001, received 2025-07-29
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250729114002NAL0001284819001, received 2025-07-29
Employer share of total contributions
34.0%
Higher than 71% of the 24,084 plans $10 to 50M that report it.
Source
= $476,348 / $1,401,915
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250729114002NAL0001284819001, received 2025-07-29
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250729114002NAL0001284819001, received 2025-07-29
Plan terms, as stated in National Bankshares, Inc.'s SEC filings
Vesting
“Upon reaching age 55 with 10 years of plan participation, a vested participant has the right to diversify 50% of his or her allocated ESOP shares, and NBI or the ESOP, with the agreement of the trustee, is obligated to purchase those shares.”
Form 10-K filed 2026-03-27, for the year ended 2025-12-31 · benefits note, 10-K benefits note · source document
Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.
Plan features
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250729114002NAL0001284819001, received 2025-07-29
Full record, National Bankshares, Inc. Retirement Accumulation Plan
| Field | Value | Source |
|---|---|---|
| Plan sponsor | NATIONAL BANKSHARES INC. RETIREMENT ACCUMULATION PLAN | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250729114002NAL0001284819001, received 2025-07-29 |
| Plan name | NATIONAL BANKSHARES, INC. RETIREMENT ACCUMULATION PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250729114002NAL0001284819001, received 2025-07-29 |
| Sponsor EIN / plan number | 54-1375874 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250729114002NAL0001284819001, received 2025-07-29 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250729114002NAL0001284819001, received 2025-07-29 |
| Sponsor location | BLACKSBURG, VA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250729114002NAL0001284819001, received 2025-07-29 |
| Industry (business code) | 522110, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250729114002NAL0001284819001, received 2025-07-29 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250729114002NAL0001284819001, received 2025-07-29 |
| Filing received | 2025-07-29 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250729114002NAL0001284819001, received 2025-07-29 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250729114002NAL0001284819001, received 2025-07-29 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250729114002NAL0001284819001, received 2025-07-29 |
| Participants, beginning of year | 252 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250729114002NAL0001284819001, received 2025-07-29 |
| Active participants | 206 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250729114002NAL0001284819001, received 2025-07-29 |
| Participants, end of year | 236 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250729114002NAL0001284819001, received 2025-07-29 |
| Participants with an account balance | 231 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250729114002NAL0001284819001, received 2025-07-29 |
| Total assets, beginning of year | $16,677,706 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250729114002NAL0001284819001, received 2025-07-29 |
| Total assets, end of year | $18,158,943 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250729114002NAL0001284819001, received 2025-07-29 |
| Net assets, end of year | $18,158,943 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250729114002NAL0001284819001, received 2025-07-29 |
| Total income | $3,227,952 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250729114002NAL0001284819001, received 2025-07-29 |
| Net income | $1,481,237 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250729114002NAL0001284819001, received 2025-07-29 |
| Employer contributions | $476,348 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250729114002NAL0001284819001, received 2025-07-29 |
| Participant contributions | $721,962 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250729114002NAL0001284819001, received 2025-07-29 |
| Other contributions (incl. rollovers) | $203,605 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250729114002NAL0001284819001, received 2025-07-29 |
| Total contributions | $1,401,915 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250729114002NAL0001284819001, received 2025-07-29 |
| Benefit payments | $1,636,174 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250729114002NAL0001284819001, received 2025-07-29 |
| Total expenses (incl. benefit payments) | $1,746,715 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250729114002NAL0001284819001, received 2025-07-29 |
| Total administrative expenses | $110,541 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250729114002NAL0001284819001, received 2025-07-29 |
| Contract administrator fees | $69,206 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250729114002NAL0001284819001, received 2025-07-29 |
| Investment advisory and management fees | $41,035 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250729114002NAL0001284819001, received 2025-07-29 |
| Administrative expenses excluding investment management | $69,506 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250729114002NAL0001284819001, received 2025-07-29 |
| Held in common/collective trusts | $15,243,641 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250729114002NAL0001284819001, received 2025-07-29 |
| Held in mutual funds | $2,915,302 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250729114002NAL0001284819001, received 2025-07-29 |
| Independent auditor | YOUNT, HYDE & BARBOUR | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250729114002NAL0001284819001, received 2025-07-29 |
Position = column in the DOL layout for form year 2024. Filing 20250729114002NAL0001284819001, received 2025-07-29.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| VOYA RETIREMENT INSURANCE & ANNUITY | SERVICE PROVIDER | 26 Investment advisory (participants) | $69,542 | no |
| VBA BENEFITS CORPORATION | SERVICE PROVIDER | 99 Other fees | $40,999 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250729114002NAL0001284819001, received 2025-07-29.
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $16,677,706 | $18,158,943 | 8.9% |
| Participants with a balance | 211 | 231 | 9.5% |
| Administrative expenses | $97,433 | $110,541 | 13.5% |
| Recordkeeping fees per participant | not reported | not reported | |
| Employer contributions | $445,758 | $476,348 | 6.9% |
Prior filing 20240718081503NAL0005250401001, received 2024-07-18; the plan years are contiguous.
Alerts, claims and corrections
Sponsor name as filed: NATIONAL BANKSHARES INC. RETIREMENT ACCUMULATION PLAN; SEC registrant: NATIONAL BANKSHARES INC (CIK 796534, matched by EIN; display name from the Form 10-K cover).