ESOP · DOL Form 5500 · 2024

National Bankshares, Inc. ESOP

Data updated 2026-08-25

$6M
Total assets Small plan by assets
198
Participants Below avg headcount
46th
Percentile by assets National rank
$30,717
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

$6M in assets, 198 participants

National Bankshares, Inc.'s National Bankshares, Inc. Employee Stock Ownership Plan reported $6M in total assets and 198 participants in its 2024 DOL Form 5500 filing, ranking in the 46th 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.

  • #2,661 in Finance & Insurance (8,549 peers)

Coverage in Virginia

National Bankshares, Inc. Employee Stock Ownership Plan covers 198 participants in Virginia, about 25% of the average Virginia filer (state average ~782 per filing). Assets: $6M.

#2,661
in Finance & Insurance (8,549 peers)
-8.7%
assets change YoY

The plan reported a net loss of $582K 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 2024 · DOL Form 5500

$6,082,012 46th percentile higher than 46% 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. Employee Stock Ownership 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. Employee Stock Ownership 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. Employee Stock Ownership Plan reported net income rose from -$1M in the plan year 2023 filing to -$582K in the plan year 2024 filing.
  • National Bankshares, Inc. Employee Stock Ownership Plan end-of-year assets fell from $7M in the plan year 2023 filing to $6M in the plan year 2024 filing.
  • National Bankshares, Inc. Employee Stock Ownership 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 →

Form 5500 schedule snapshot

Filing strip 541375874 · National Bankshares, Inc. PY 2024 · ESOP

National Bankshares, Inc. Employee Stock Ownership Plan · $6M · 198 · 46th

  • PHOTO $6M
  • PHOTO 198
  • PHOTO 46th
  • PHOTO ESOP
  • PHOTO near Structures Employee Stock Ownership Plan
  • PHOTO ind #2661

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

Goodson Employee Stock Ownership Plan and TrustGoodson Employee Stock Owner…$6MTessere, Inc. Employee Stock Ownership PlanTessere, Inc. Employee Stock…$6MBelshire Holdings, Inc. Employee Stock Ownership PlanBelshire Holdings, Inc. Empl…$6MNational Bankshares, Inc. Employee Stock Ownership PlanNational Bankshares, Inc. Em…$6MStructures Employee Stock Ownership PlanStructures Employee Stock Ow…$6M
End-of-year total assets ($M) among National Bankshares, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Virginia filing particulars

Total Assets (Beginning of Year)$7M
Net Assets (End of Year)$6M
Net Income-$582K
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): 0.006082012 · Participants: 198National Bankshares, Inc. Employee Stock Ownership PlanNvr, Inc. Employee Stock Ownership Plan, Total assets ($B): 1.333135639 · Participants: 6515Nvr, Inc. Employee Stock Ownership PlanDelta Star Employee Stock Ownership Plan, Total assets ($B): 0.446814442 · Participants: 222Delta Star Employee Stock Ownership PlanModern Technology Solutions, Inc. Employee Stock Ownership Plan and Trust, Total assets ($B): 0.407104271 · Participants: 1962Modern Technology Solutions, Inc. Employee Stock Ownership Plan and TrustThe Resorts Companies, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.385752212 · Participants: 1811The Resorts Companies, Inc. Employee Stock Ownership PlanNew River Electrical Corporation Employee Stock Ownership Plan, Total assets ($B): 0.380000537 · Participants: 458New 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 Structures Employee Stock Ownership Plan in MN ($6M); by covered participants it is Marx/Okubo Associates, Ltd. Employee Stock Ownership Plan in CO (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. Employee Stock Ownership Plan assets move in 2024? ▼
National Bankshares, Inc. Employee Stock Ownership Plan pulled back noticeably - down 8.7% during 2024, from $7M to $6M. Reported net income was -$582K.
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 Structures Employee Stock Ownership Plan in MN ($6M, 49 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 Marx/Okubo Associates, Ltd. Employee Stock Ownership Plan in CO (198 participants, $25M 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.