Defined Benefit (Pension) · DOL Form 5500 · 2023

National Bankshares, Inc. Pension Plan

Data updated 2026-08-25

$33M
Total assets Below avg plan size
190
Participants Below avg headcount
80th
Percentile by assets National rank
$171,706
Avg per participant Above avg balance/head
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Official DOL plan name: National Bankshares, Inc. Retirement Income Plan · Sponsored by National Bankshares, Inc. · Virginia · Finance & Insurance

$33M in assets, 190 participants

National Bankshares, Inc.'s National Bankshares, Inc. Retirement Income Plan reported $33M in total assets and 190 participants in its 2023 DOL Form 5500 filing, ranking in the 80th 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.

  • #6,206 in Finance & Insurance (8,869 peers)

Coverage in Virginia

National Bankshares, Inc. Retirement Income Plan covers 190 participants in Virginia, about 24% of the average Virginia filer (state average ~782 per filing). Assets: $33M.

#6,206
in Finance & Insurance (8,869 peers)
+9.3%
assets growth YoY
0.3×
vs typical plan assets (national mean)

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

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

End-of-year total assets · plan year 2023 · DOL Form 5500

$32,624,169 Top 20% higher than 80% of 127,068 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 2023

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

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. National Bankshares, Inc. Retirement Income Plan sits mid-pack in the medium band (190 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • National Bankshares, Inc. Retirement Income Plan reported net income rose from -$6M in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • National Bankshares, Inc. Retirement Income Plan end-of-year assets rose from $30M in the plan year 2022 filing to $33M in the plan year 2023 filing.
  • National Bankshares, Inc. Retirement Income Plan reported participants rose from 183 in the plan year 2022 filing to 190 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 541375874 · National Bankshares, Inc. PY 2023 · Defined Benefit (Pension)

National Bankshares, Inc. Retirement Income Plan · $33M · 190 · 80th

  • 5500 $33M
  • 5500 190
  • 5500 80th
  • 5500 Defined Benefit (Pension)
  • 5500 near Community Resource Credit Union Pension Plan
  • 5500 ind #6206

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 Income Plan in the asset neighbourhood

Allied Aviation New York Services Pension PlanAllied Aviation New York Ser…$33MCommunity Resource Credit Union Pension PlanCommunity Resource Credit Un…$33MNational Bankshares, Inc. Retirement Income PlanNational Bankshares, Inc. Re…$33MCampbell Clinic, P.C. Cash Balance Pension PlanCampbell Clinic, P.C. Cash B…$33MRetirement Plan for Employees of Mckenzie-Willamette HospitalRetirement Plan for Employee…$33M
End-of-year total assets ($M) among National Bankshares, Inc. Retirement Income Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Virginia filing particulars

Total Assets (Beginning of Year)$30M
Net Assets (End of Year)$33M
Net Income$3M
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 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 -50510152025 Total assets ($B) Participants National Bankshares, Inc. Retirement Income Plan, Total assets ($B): 0.032624169 · Participants: 190National Bankshares, Inc. Retirement Income PlanNorthrop Grumman Pension Plan, Total assets ($B): 19.134846358 · Participants: 13674Northrop Grumman Pension PlanRetirement Security Plan, Total assets ($B): 10.184642779 · Participants: 54171Retirement Security PlanNg Space&mission Systems Corp Salaried Pension Pla, Total assets ($B): 8.450021632 · Participants: 7117Ng Space&mission Systems Corp Salaried Pension PlaSheet Metal Workers' National Pension Fund, Total assets ($B): 8.306466489 · Participants: 61272Sheet Metal Workers' National Pension FundDominion Energy Pension Plan, Total assets ($B): 7.570958933 · Participants: 12263Dominion Energy Pension Plan
National Bankshares, Inc. Retirement Income Plan vs. nearby Defined Benefit (Pension) plans in Virginia, assets vs. participants
Compare National Bankshares, Inc. Retirement Income Plan side-by-side with 3 peers →

National Bankshares, Inc. Retirement Income Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Virginia, the nearest Defined Benefit (Pension) by assets is Community Resource Credit Union Pension Plan in TX ($33M); by covered participants it is Qbe Pension Equity Plan in WI (190 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (190 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did National Bankshares, Inc. Retirement Income Plan assets move in 2023? ▼
National Bankshares, Inc. Retirement Income Plan grew at a solid clip - up 9.3% during 2023, from $30M to $33M. Reported net income was $3M.
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 80th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (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 Community Resource Credit Union Pension Plan in TX ($33M, 97 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to National Bankshares, Inc. Retirement Income Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Qbe Pension Equity Plan in WI (190 participants, $153M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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.