Defined Benefit (Pension) · DOL Form 5500 · 2022

National Bankshares, Inc. Pension Plan

Data updated 2026-08-11

$30M
Total assets
183
Participants
83rd
Percentile by assets
$163,080
Avg per participant
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Official DOL plan name: National Bankshares, Inc. Retirement Income Plan · Sponsored by National Bankshares, Inc. · Virginia · Finance & Insurance

$30M in assets, 183 participants

National Bankshares, Inc.'s National Bankshares, Inc. Retirement Income Plan reported $30M in total assets and 183 participants in its 2022 DOL Form 5500 filing, ranking in the 83rd 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.

  • 83rd percentile by assets (of 139,126 plans)
  • #6,683 in Finance & Insurance (9,261 peers)

Coverage in Virginia

National Bankshares, Inc. Retirement Income Plan covers 183 participants in Virginia, about 23% of the average Virginia filer (state average ~782 per filing). Assets: $30M.

$30M
total plan assets (2022 EOY)
183
covered participants
83rd
percentile by assets (of 139,126 plans)
$163,080
avg assets per participant

The plan reported a net loss of $6M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Where National Bankshares, Inc. Retirement Income Plan sits by total assets

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

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

$29,843,635 Top 17% higher than 83% of 139,123 filed plans

This plan $0 $2,010,000,000 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

State
Virginia
Industry
Finance & Insurance

Participants vs Virginia filers

In Virginia, the average filing covers about 782 participants across 3,655 plans. National Bankshares, Inc. Retirement Income Plan reports 183 participants - about 23% of that state average ($30M EOY assets).

Virginia filing particulars

Total Assets (Beginning of Year)$36M
Net Assets (End of Year)$30M
Net Income-$6M
Employer EIN541375874
Plan Effective Date1963-02-01
Filing StatusFILING RECEIVED

Sponsor Plan History (National Bankshares, Inc.)

$50M$55M$60M$65M 202220232024 $52M $63.6M ▲ +22.2%
Total plan assets by year, all National Bankshares, Inc. plans on file
Year Plans Participants Total Assets
2022 3 555 $52M
2023 3 580 $56M
2024 3 605 $64M

Nearby Defined Benefit (Pension) Plans in Virginia

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

National Bankshares, Inc. Retirement Income Plan vs. nearby Defined Benefit (Pension) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -505101520 Total assets ($B) Participants National Bankshares,…, Total assets ($B): 0.029843635 · Participants: 183National Bankshares,…Northrop Grumman Pen…, Total assets ($B): 18.331391337 · Participants: 14867Northrop Grumman Pen…Retirement Security …, Total assets ($B): 9.385168374 · Participants: 54531Retirement Security …Ng Space&mission Sys…, Total assets ($B): 8.061267673 · Participants: 7799Ng Space&mission Sys…Dominion Energy Pens…, Total assets ($B): 7.265847838 · Participants: 12832Dominion Energy Pens…Sheet Metal Workers'…, Total assets ($B): 7.155241333 · Participants: 61068Sheet Metal Workers'…
National Bankshares, Inc. Retirement Income Plan vs. nearby Defined Benefit (Pension) plans in Virginia, assets vs. participants
Compare National Bankshares, Inc. Retirement Inc… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to National Bankshares, Inc. Retirement Income Plan by total assets, not by location.

Frequently Asked Questions

How did National Bankshares, Inc. Retirement Income Plan assets move in 2022? ▼
National Bankshares, Inc. Retirement Income Plan declined sharply - down 17.7% during 2022, from $36M to $30M. Reported net income was -$6M.
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.
Where does National Bankshares, Inc. Retirement Income Plan rank by assets among Form 5500 filers? ▼
National Bankshares, Inc. Retirement Income Plan ranks in the 83rd percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to National Bankshares, Inc. Retirement Income Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Thermotron Employees Retirement Plan in WI ($30M, 274 participants).

Next read for National Bankshares, Inc. Retirement Inc…

Filing takeaways

Ways to act on National Bankshares, Inc. Retirement Income Plan's numbers.

  • By total assets, National Bankshares, Inc. Retirement Income Plan ranks in the top quartile of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Virginia. Compare plans
  • National Bankshares, Inc.'s sponsor-wide assets have grown 22.2% since 2022 across 3 plan years on file. More Finance & Insurance plans

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 541375874.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.