401(k) · DOL Form 5500 · 2022

National Bankshares, Inc. 401(k) Plan

Data updated 2026-08-25

$14M
Total assets Small plan by assets
189
Participants Below avg headcount
72nd
Percentile by assets National rank
$76,125
Avg per participant Below avg balance/head
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Official DOL plan name: National Bankshares, Inc. Retirement Accumulation Plan · Sponsored by National Bankshares, Inc. · Virginia · Finance & Insurance

$14M in assets, 189 participants

National Bankshares, Inc.'s National Bankshares, Inc. Retirement Accumulation Plan reported $14M in total assets and 189 participants in its 2022 DOL Form 5500 filing, ranking in the 72nd percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #5,229 in Finance & Insurance (9,261 peers)

Coverage in Virginia

National Bankshares, Inc. Retirement Accumulation Plan covers 189 participants in Virginia, about 24% of the average Virginia filer (state average ~782 per filing). Assets: $14M.

#5,229
in Finance & Insurance (9,261 peers)
-14.3%
assets change YoY

The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

National Bankshares, Inc. Retirement Accumulation Plan's outsized position by total assets

National Bankshares, Inc. Retirement Accumulation Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$14,387,588 Top 28% higher than 72% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

National Bankshares, Inc. Retirement Accumulation Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. National Bankshares, Inc. Retirement Accumulation Plan sits mid-pack in the medium band (189 participants).

EBSA filing schedule strip

Filing strip 541375874 · National Bankshares, Inc. PY 2022 · 401(k)

National Bankshares, Inc. Retirement Accumulation Plan · $14M · 189 · 72nd

  • TYPE $14M
  • NET 189
  • BOOK 72nd
  • VS-ST 401(k)
  • BOY near Gm2 Associates, Inc. 401(k) Plan
  • SCH ind #5229

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in Virginia →

National Bankshares, Inc. Retirement Accumulation Plan in the asset neighbourhood

National Bankshares, Inc. Retirement Accumulation PlanNational Bankshares, Inc. Re…$14MGm2 Associates, Inc. 401(k) PlanGm2 Associates, Inc. 401(k) …$14MHcp Management Operations, Inc. Retirement Savings PlanHcp Management Operations, I…$14MFusco Group 401(k) Plan$14MOgura Corporation 401(k) Savings PlanOgura Corporation 401(k) Sav…$14M
End-of-year total assets ($M) among National Bankshares, Inc. Retirement Accumulation Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Virginia filing particulars

Total Assets (Beginning of Year)$17M
Net Assets (End of Year)$14M
Net Income-$2M
Employer EIN541375874
Plan Effective Date1963-02-01
Filing StatusFILING RECEIVED

Sponsor Plan History (National Bankshares, Inc.)

Sponsor-wide plan assets over time

All National Bankshares, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$64M 22.201197626239946% vs 2022
2024 filing year
$50M$55M$60M$65M 202220232024 $52M $63.6M ▲ +22.2%
Year Plans Participants Total Assets
2022 3 555 $52M
2023 3 580 $56M
2024 3 605 $64M

Nearby 401(k) Plans in Virginia

Peer 401(k) plans, same state, same plan type, ranked by total assets.

National Bankshares, Inc. Retirement Accumulation Plan vs. nearby 401(k) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -50000050000100000 -10010203040 Total assets ($B) Participants National Bankshares, Inc. Retirement Accumulation Plan, Total assets ($B): 0.014387588 · Participants: 189National Bankshares, Inc. Retirement Accumulation PlanNorthrop Grumman Savings Plan, Total assets ($B): 32.567331218 · Participants: 92420Northrop Grumman Savings Plan401(k) Pension Plan, Total assets ($B): 12.972737361 · Participants: 61481401(k) Pension PlanGeneral Dynamics Corporation 401(k) Plan 6.0, Total assets ($B): 9.624791923 · Participants: 36822General Dynamics Corporation 401(k) Plan 6.0Leidos, Inc. Retirement Plan, Total assets ($B): 8.665678993 · Participants: 26125Leidos, Inc. Retirement PlanBae Systems Employees' Savings and Investment Plan, Total assets ($B): 8.232987243 · Participants: 31556Bae Systems Employees' Savings and Investment Plan
National Bankshares, Inc. Retirement Accumulation Plan vs. nearby 401(k) plans in Virginia, assets vs. participants

National Bankshares, Inc. Retirement Accumulation Plan's out-of-state 401(k) peers by assets and headcount

Outside Virginia, the nearest 401(k) by assets is Gm2 Associates, Inc. 401(k) Plan in CT ($14M); by covered participants it is Healthcare Association of New York State, Inc Retirement Savings Plan in NY (189 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($14M here).

Similar participant headcount

Nearest other-state filings by covered participants (189 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did National Bankshares, Inc. Retirement Accumulation Plan assets move in 2022?
National Bankshares, Inc. Retirement Accumulation Plan pulled back noticeably - down 14.3% during 2022, from $17M to $14M. Reported net income was -$2M.
How have National Bankshares, Inc. plan assets changed over time?
Across 3 plan years on file (2022-2024), National Bankshares, Inc.'s sponsor-wide assets grew 22.2%, from $52M to $64M.
Which 401(k) plans are similar in size to National Bankshares, Inc. Retirement Accumulation Plan?
Among 401(k) plans in other states, the closest by assets is Gm2 Associates, Inc. 401(k) Plan in CT ($14M, 162 participants).
Which 401(k) plans cover a similar participant headcount to National Bankshares, Inc. Retirement Accumulation Plan?
Among 401(k) plans in other states, the closest by covered participants is Healthcare Association of New York State, Inc Retirement Savings Plan in NY (189 participants, $57M in assets).