Plan Snapshot
- Plan Sponsor: National Bankshares INC. Retirement Accumulation Plan
- Sponsor EIN: 541375874
- Sponsor Address: 101 HUBBARD STREET, BLACKSBURG, VA, 240605743
- Plan Type: 401(k)
- Total Participants: 206
- Total Assets: $18.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 206 | $18.2M | $476,348 | $721,962 |
| 2023 | 209 | $16.7M | $445,758 | $670,772 |
| 2022 | 200 | $14.4M | $392,562 | $600,737 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| YOUNT, HYDE & BARBOUR | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- YOUNT, HYDE & BARBOUR — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $110,541 | $41,035 | $69,206 | — | — |
| 2023 | $97,433 | $36,796 | $60,587 | — | — |
| 2022 | $95,391 | — | — | — | — |