ESOP · DOL Form 5500 · 2022

National Bankshares, Inc. ESOP

Data updated 2026-08-25

$8M
Total assets Small plan by assets
183
Participants Below avg headcount
60th
Percentile by assets National rank
$42,654
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: National Bankshares, Inc. Employee Stock Ownership Plan · Sponsored by National Bankshares, Inc. · Virginia · Finance & Insurance

$8M in assets, 183 participants

National Bankshares, Inc.'s National Bankshares, Inc. Employee Stock Ownership Plan reported $8M in total assets and 183 participants in its 2022 DOL Form 5500 filing, ranking in the 60th 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.

  • #3,990 in Finance & Insurance (9,261 peers)

Coverage in Virginia

National Bankshares, Inc. Employee Stock Ownership Plan covers 183 participants in Virginia, about 23% of the average Virginia filer (state average ~782 per filing). Assets: $8M.

#3,990
in Finance & Insurance (9,261 peers)
+8.1%
assets growth YoY

National Bankshares, Inc. Employee Stock Ownership Plan's mid-pack asset rank among Finance & Insurance and all filers

National Bankshares, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$7,805,713 Top 40% higher than 60% 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. Employee Stock Ownership 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. Employee Stock Ownership Plan sits mid-pack in the medium band (183 participants).

EBSA filing schedule strip

Filing strip 541375874 · National Bankshares, Inc. PY 2022 · ESOP

National Bankshares, Inc. Employee Stock Ownership Plan · $8M · 183 · 60th

  • RANK $8M
  • PHOTO 183
  • IND 60th
  • EOY ESOP
  • 5500 near The Model Group Employee Stock Ownership Plan
  • ASSETS ind #3990

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 What is an ESOP? → · Plans in Virginia →

National Bankshares, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Dynamic Air Corporation Employee Stock Ownership PlanDynamic Air Corporation Empl…$8MNational Bankshares, Inc. Employee Stock Ownership PlanNational Bankshares, Inc. Em…$8MThe Model Group Employee Stock Ownership PlanThe Model Group Employee Sto…$8MSebago Technics Employee Stock Ownership PlanSebago Technics Employee Sto…$8MRegal Machine, Inc. Employee Stock Ownership Plan and TrustRegal Machine, Inc. Employee…$8M
End-of-year total assets ($M) among National Bankshares, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

Virginia filing particulars

Total Assets (Beginning of Year)$7M
Net Assets (End of Year)$8M
Net Income$585K
Employer EIN541375874
Plan Effective Date1989-01-01
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 ESOP Plans in Virginia

Peer ESOP plans, same state, same plan type, ranked by total assets.

National Bankshares, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Virginia, assets vs. participants Scatter plot of 6 data points. -200002000400060008000 -20002004006008001000 Total assets ($M) Participants National Bankshares, Inc. Employee Stock Ownership Plan, Total assets ($M): 7.805713 · Participants: 183National Bankshares, Inc. Employee Stock Ownership PlanNvr, Inc. Employee Stock Ownership Plan, Total assets ($M): 862.945849 · Participants: 6910Nvr, Inc. Employee Stock Ownership PlanThe Resorts Companies, Inc. Employee Stock Ownership Plan, Total assets ($M): 301.066368 · Participants: 1695The Resorts Companies, Inc. Employee Stock Ownership PlanAmerican Systems Corporation Employee Stock Ownership Plan, Total assets ($M): 291.782297 · Participants: 1828American Systems Corporation Employee Stock Ownership PlanNew River Electrical Corporation Employee Stock Ownership Plan, Total assets ($M): 287.62409 · Participants: 424New River Electrical Corporation Employee Stock Ownership PlanDavis H. Elliot Company, Incorporated Employee Stock Ownership Plan, Total assets ($M): 237.22873 · Participants: 1882Davis H. Elliot Company, Incorporated Employee Stock Ownership Plan
National Bankshares, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Virginia, assets vs. participants
Compare National Bankshares, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

National Bankshares, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Virginia, the nearest ESOP by assets is The Model Group Employee Stock Ownership Plan in OH ($8M); by covered participants it is Form-a-Feed, Inc. Employee Stock Ownership Plan in MN (183 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (183 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. Employee Stock Ownership Plan assets move in 2022? ▼
National Bankshares, Inc. Employee Stock Ownership Plan grew at a solid clip - up 8.1% during 2022, from $7M to $8M. Reported net income was $585K.
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 ESOP plans are similar in size to National Bankshares, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is The Model Group Employee Stock Ownership Plan in OH ($8M, 98 participants).
Which ESOP plans cover a similar participant headcount to National Bankshares, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Form-a-Feed, Inc. Employee Stock Ownership Plan in MN (183 participants, $110M in assets).

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.