ESOP · DOL Form 5500 · 2023

National Bankshares, Inc. ESOP

Data updated 2026-08-25

$7M
Total assets Small plan by assets
190
Participants Below avg headcount
50th
Percentile by assets National rank
$35,075
Avg per participant Low balance/head
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Official DOL plan name: National Bankshares, Inc. Employee Stock Ownership Plan · Sponsored by National Bankshares, Inc. · Virginia · Finance & Insurance

$7M in assets, 190 participants

National Bankshares, Inc.'s National Bankshares, Inc. Employee Stock Ownership Plan reported $7M in total assets and 190 participants in its 2023 DOL Form 5500 filing, ranking in the 50th 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.

  • #3,167 in Finance & Insurance (8,869 peers)

Coverage in Virginia

National Bankshares, Inc. Employee Stock Ownership Plan covers 190 participants in Virginia, about 24% of the average Virginia filer (state average ~782 per filing). Assets: $7M.

#3,167
in Finance & Insurance (8,869 peers)
-14.6%
assets change YoY

The plan reported a net loss of $1M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

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 2023 · DOL Form 5500

$6,664,254 Top 50% higher than 50% 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. Employee Stock Ownership 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. Employee Stock Ownership 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. Employee Stock Ownership Plan reported net income fell from $585K in the plan year 2022 filing to -$1M in the plan year 2023 filing.
  • National Bankshares, Inc. Employee Stock Ownership Plan end-of-year assets fell from $8M in the plan year 2022 filing to $7M in the plan year 2023 filing.
  • National Bankshares, Inc. Employee Stock Ownership 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 →

Published 5500 schedule card

Filing strip 541375874 · National Bankshares, Inc. PY 2023 · ESOP

National Bankshares, Inc. Employee Stock Ownership Plan · $7M · 190 · 50th

  • ASSETS $7M
  • PCT 190
  • EIN 50th
  • RANK ESOP
  • PHOTO near Country Maid Employee Stock Ownership Plan
  • IND ind #3167

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

Country Maid Employee Stock Ownership PlanCountry Maid Employee Stock …$7MRjm Sales, Inc. Employee Stock Ownership PlanRjm Sales, Inc. Employee Sto…$7MNational Bankshares, Inc. Employee Stock Ownership PlanNational Bankshares, Inc. Em…$7MNahs Employee Stock Ownership PlanNahs Employee Stock Ownershi…$7MChelsea Green Publishing Company Employee Stock Ownership PlanChelsea Green Publishing Com…$7M
End-of-year total assets ($M) among National Bankshares, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Virginia filing particulars

Total Assets (Beginning of Year)$8M
Net Assets (End of Year)$7M
Net Income-$1M
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 -0.500.511.5 Total assets ($B) Participants National Bankshares, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.006664254 · Participants: 190National Bankshares, Inc. Employee Stock Ownership PlanNvr, Inc. Employee Stock Ownership Plan, Total assets ($B): 1.200416394 · Participants: 6866Nvr, Inc. Employee Stock Ownership PlanThe Resorts Companies, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.351932601 · Participants: 1751The Resorts Companies, Inc. Employee Stock Ownership PlanAmerican Systems Corporation Employee Stock Ownership Plan, Total assets ($B): 0.331314714 · Participants: 1782American Systems Corporation Employee Stock Ownership PlanModern Technology Solutions, Inc. Employee Stock Ownership Plan and Trust, Total assets ($B): 0.321520666 · Participants: 1652Modern Technology Solutions, Inc. Employee Stock Ownership Plan and TrustNew River Electrical Corporation Employee Stock Ownership Plan, Total assets ($B): 0.320954252 · Participants: 444New River Electrical Corporation 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 Country Maid Employee Stock Ownership Plan in IA ($7M); by covered participants it is Ctl Engineering, Inc. Employee Stock Ownership Plan in OH (190 participants). Same-state nearby plans are listed separately above.

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. Employee Stock Ownership Plan assets move in 2023? ▼
National Bankshares, Inc. Employee Stock Ownership Plan pulled back noticeably - down 14.6% during 2023, from $8M to $7M. Reported net income was -$1M.
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 Country Maid Employee Stock Ownership Plan in IA ($7M, 65 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 Ctl Engineering, Inc. Employee Stock Ownership Plan in OH (190 participants, $33M 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.