Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, National Bankshares, Inc. Employee Stock Ownership Plan is a benefit plan reported by National Bankshares, Inc. under EIN 54-1375874 and plan number 003. The latest loaded filing year is 2023. The filing reports 215 participants and $6,664,254 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $6,664,254
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $6,664,254
- Net assets (BOY)
- $7,805,713
Income & contributions
- Employer contributions
- $300,000
- Total contributions
- $300,000
- Total income / additions
- -$737,224
Expenses & distributions
- Benefits paid
- $394,835
- Administrative expenses
- $9,400
- Total expenses
- $404,235
- Net increase / (decrease)
- -$1,141,459