Defined Benefit (Pension) · DOL Form 5500 · 2024

National Bankshares, Inc. Pension Plan

Data updated 2026-08-25

$39M
Total assets Below avg plan size
198
Participants Below avg headcount
81st
Percentile by assets National rank
$198,731
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

$39M in assets, 198 participants

National Bankshares, Inc.'s National Bankshares, Inc. Retirement Income Plan reported $39M in total assets and 198 participants in its 2024 DOL Form 5500 filing, ranking in the 81st 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.

  • #6,055 in Finance & Insurance (8,549 peers)

Coverage in Virginia

National Bankshares, Inc. Retirement Income Plan covers 198 participants in Virginia, about 25% of the average Virginia filer (state average ~782 per filing). Assets: $39M.

#6,055
in Finance & Insurance (8,549 peers)
+20.6%
assets growth YoY
0.4×
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 2024 · DOL Form 5500

$39,348,804 Top 19% higher than 81% of 123,620 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 2024

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

Plan-year 2024 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 (198 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • National Bankshares, Inc. Retirement Income Plan reported net income rose from $3M in the plan year 2023 filing to $7M in the plan year 2024 filing.
  • National Bankshares, Inc. Retirement Income Plan end-of-year assets rose from $33M in the plan year 2023 filing to $39M in the plan year 2024 filing.
  • National Bankshares, Inc. Retirement Income Plan reported participants rose from 190 in the plan year 2023 filing to 198 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 541375874 · National Bankshares, Inc. PY 2024 · Defined Benefit (Pension)

National Bankshares, Inc. Retirement Income Plan · $39M · 198 · 81st

  • 5500 $39M
  • ASSETS 198
  • PCT 81st
  • EIN Defined Benefit (Pension)
  • RANK near Retirement Plan of Liggett Group Inc. for Salaried Non-Bargaining Unit Employees
  • PHOTO ind #6055

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

Electron Devices Bargained PlanElectron Devices Bargained P…$39MSekisui Kydex, LLC, Et Al Retirement PlanSekisui Kydex, LLC, Et Al Re…$39MNational Bankshares, Inc. Retirement Income PlanNational Bankshares, Inc. Re…$39MRetirement Plan of Liggett Group Inc. for Salaried Non-Bargaining Unit EmployeesRetirement Plan of Liggett G…$39MNoland Health Services Retirement Income PlanNoland Health Services Retir…$39M
End-of-year total assets ($M) among National Bankshares, Inc. Retirement Income Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Virginia filing particulars

Total Assets (Beginning of Year)$33M
Net Assets (End of Year)$39M
Net Income$7M
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 -505101520 Total assets ($B) Participants National Bankshares, Inc. Retirement Income Plan, Total assets ($B): 0.039348804 · Participants: 198National Bankshares, Inc. Retirement Income PlanNorthrop Grumman Pension Plan, Total assets ($B): 18.781759216 · Participants: 12678Northrop Grumman Pension PlanRetirement Security Plan, Total assets ($B): 11.481735153 · Participants: 56633Retirement Security PlanSheet Metal Workers' National Pension Fund, Total assets ($B): 8.902237059 · Participants: 63530Sheet Metal Workers' National Pension FundNg Space&mission Systems Corp Salaried Pension Pla, Total assets ($B): 8.398702873 · Participants: 6737Ng Space&mission Systems Corp Salaried Pension PlaDominion Energy Pension Plan, Total assets ($B): 8.332769083 · Participants: 11758Dominion 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 Retirement Plan of Liggett Group Inc. for Salaried Non-Bargaining Unit Employees in FL ($39M); by covered participants it is Nysa-Ppgu Pension Fund & Plan in NJ (198 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (198 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. 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 2024? ▼
National Bankshares, Inc. Retirement Income Plan grew sharply - up 20.6% during 2024, from $33M to $39M. Reported net income was $7M.
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 81st percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (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 Retirement Plan of Liggett Group Inc. for Salaried Non-Bargaining Unit Employees in FL ($39M, 10 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 Nysa-Ppgu Pension Fund & Plan in NJ (198 participants, $53M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.