# National Bankshares INC. Retirement Accumulation Plan 401(k) Plan
Source: https://planprovider.pro/companies/national-bankshares-inc-401k-plan

> National Bankshares INC. Retirement Accumulation Plan's 401(k) plan: 206 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/yount-hyde-and-barbour-pc) — 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|—|—|—|—|

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