Original filing (PDF)20250722124620NAL0006969346001

NATIONAL BANKSHARES, INC.

Name: NATIONAL BANKSHARES, INC. — NATIONAL BANKSHARES, INC. RETIREMENT INCOME PLAN, Form 5500 (2024)
Creator: NATIONAL BANKSHARES, INC.

Form 5500

FILING_RECEIVED

NATIONAL BANKSHARES, INC. RETIREMENT INCOME PLAN

Defined-benefit pension plan

Signals · 2

52% employer stockNo recordkeeper disclosed

Active participants

198

Accounts w/ balance

—

Plan assets (EOY)

$39.3M

Net assets (EOY)

$39.3M

How this plan invests

This plan

88 securities

funds · stocks · CUSIPs

Holdings are itemized directly on this plan's Schedule of Assets, below.

Plan health score

/ 100

Grade A

Top-tier plan health

Directional indicator from public Form 5500 data — compliance & integrity, total plan cost, participant health and vendor stack, benchmarked against same-size peers. Not a fiduciary tool.

Compliance & integrity

100

Total plan cost

Plan health

Vendor & structure

Decision-maker contacts

CFO / Head of HR / Benefits Manager — verified email + LinkedIn for NATIONAL BANKSHARES, INC..

Plan sponsor

Name

NATIONAL BANKSHARES, INC.

EIN

54-1375874

Address

101 HUBBARD STREET · BLACKSBURG, VA · 240605743

Phone

(540) 951-6300

Industry

Commercial Banking· Finance & Insurancesee all

Plan administrator

Same as plan sponsor.

Plan characteristics

Plan number

001

Plan year

2024

Plan year begin

2024-01-01

Tax period

2024-12-31

Filed

2025-07-22

Pension benefit codes

1A · Pay-related DB formula

Audit & trust (Schedule H)

Auditor

YOUNT, HYDE, & BARBOUR

Trustee / custodian

—

Trustee phone

—

Service providers (Schedule C)

1 rows

Actuary

Name	EIN	Location	Relation	Direct comp	Indirect comp
SAGEVIEW CONSULTING GROUP	27-1001403	—	ACTUARY	$27K	—

Investments

88 direct securities· $30.2M(77% of reported assets)

Common Stock

$17.7M

35 holdings

Other securities

$6.5M

14 holdings

Bonds / Notes

$6.0M

38 holdings

Cash / Money Market

$63K

1 holding

					% of plan
Microsoft Corp. 4,600 shares common stock	Common Stock	—	$191K	$1.9M	4.9%
Europacific Growth Fund 30,940 shares	Other securities	—	$1.7M	$1.7M	4.2%
Eli Lilly & Co. 2,000 shares common stock	Common Stock	—	$186K	$1.5M	3.9%
Blackrock Temporary Investment Fund 1,163,416 shares	Other securities	—	$1.2M	$1.2M	3.0%
Marvell Technology Group Ltd 10,000 shares common stock	Common Stock	—	$279K	$1.1M	2.8%
Hartford Mutual Funds II Inc. 45,876 shares	Common Stock	—	$710K	$891K	2.3%
JPMorgan Chase & Co. 3,500 shares common stock	Common Stock	—	$242K	$839K	2.1%
Vanguard Short Term Inv. Grade 77,619 shares	Other securities	—	$840K	$800K	2.0%
Federated Investors MDT SM COR INS 27,694 shares	Other securities	—	$605K	$742K	1.9%
McDonalds Corp. 2,450 shares common stock	Common Stock	—	$169K	$710K	1.8%
Oracle Corp Com 4,000 shares common stock	Common Stock	—	$197K	$667K	1.7%
Abbvie Inc. 3,400 shares common stock	Common Stock	—	$189K	$604K	1.5%
Allstate Corp. 3,000 shares common stock	Common Stock	—	$233K	$578K	1.5%
RTX Corporation 4,981 shares common stock	Common Stock	—	$255K	$576K	1.5%
Walmart Inc. 6,000 shares common stock	Common Stock	—	$263K	$542K	1.4%
John Hancock FDS II Str Incm Opp I 51,087 shares	Other securities	—	$570K	$510K	1.3%
American Express Co. 1,700 shares common stock	Common Stock	—	$223K	$505K	1.3%
Honeywell Intl. Inc. 2,200 shares common stock	Common Stock	—	$170K	$497K	1.3%
Qualcomm Inc. 3,075 shares common stock	Common Stock	—	$226K	$472K	1.2%
Philip Morris International Inc. 3,600 shares common stock	Common Stock	—	$254K	$433K	1.1%
EOG Resources Inc. 3,470 shares common stock	Common Stock	—	$318K	$425K	1.1%
Accenture, Plc. Ireland 1,175 shares common stock	Common Stock	—	$137K	$413K	1.1%
Waste Management Inc. 1,950 shares common stock	Common Stock	—	$213K	$393K	1.0%
Home Depot Inc. 1,005 shares common stock	Common Stock	—	$213K	$391K	1.0%
Te Connectivity Place 2,500 shares common stock	Common Stock	—	$385K	$357K	0.9%
Morgan Stanley 2,800 shares common stock	Common Stock	—	$238K	$352K	0.9%
Abbott Laboratories 3,000 shares common stock	Common Stock	—	$153K	$339K	0.9%
Vanguard 500 Index Fund 617 shares	Other securities	—	$52K	$335K	0.9%
Johnson & Johnson 2,275 shares common stock	Common Stock	—	$155K	$329K	0.8%
Verizon Communications 8,000 shares common stock	Common Stock	—	$378K	$320K	0.8%
Fifth Third Bancorp 7,500 shares common stock	Common Stock	—	$283K	$317K	0.8%
Southern Co. 3,500 shares common stock	Common Stock	—	$260K	$288K	0.7%
PIMCO Total Return Instl 32,492 shares	Other securities	—	$338K	$276K	0.7%
Duke Energy Corp. 2,500 shares common stock	Common Stock	—	$275K	$269K	0.7%
Cummins Inc. 750 shares common stock	Common Stock	—	$184K	$261K	0.7%
Exxon Mobil Corp. 2,400 shares common stock	Common Stock	—	$151K	$258K	0.7%
Kenvue Inc. 5.50%, due 3/22/25, par value $250,000	Bonds / Notes	—	$251K	$250K	0.6%
Apple Inc. 2.75%, due 1/13/25, par value 250,000	Bonds / Notes	—	$271K	$250K	0.6%
United Parcel Service 3.90%, due 4/1/25, par value $250,000	Bonds / Notes	—	$249K	$250K	0.6%
Abbott Laboratories 2.95%, due 03/15/25, par value $250,000	Bonds / Notes	—	$260K	$249K	0.6%
Philip Morris Inc. 3.38%, due 8/11/25, par value $250,000	Bonds / Notes	—	$247K	$248K	0.6%
Nucor Corp. 2.00%, due 6/1/25, par value $250,000	Bonds / Notes	—	$241K	$247K	0.6%
Boeing Co. 2.60%, due 10/30/25, par value $250,000	Bonds / Notes	—	$256K	$245K	0.6%
Healthpeak Properties Inc 12,000 shares common stock	Common Stock	—	$254K	$243K	0.6%
Southwestern 2.75%, due 10/1/26, par value $250,000	Bonds / Notes	—	$241K	$241K	0.6%
Home Depot Inc. 2.13%, due 4/17/24, par value $250,000	Bonds / Notes	—	$233K	$241K	0.6%
AIM Investment Funds Invesco Steelpath 24,351 shares common stock	Common Stock	—	$150K	$232K	0.6%
Vanguard Total Stock Market Index Fund 1,560 shares	Other securities	—	$31K	$220K	0.6%
Cohen & Steers PFD 16,800 shares	Other securities	—	$200K	$207K	0.5%
Adobe Systems Inc. 3.25%, due 2/1/25, par value $200,000	Bonds / Notes	—	$197K	$200K	0.5%