NATIONAL BANKSHARES, INC. RETIREMENT ACCUMULATION PLAN

  • Address: 101 HUBBARD STREET,BLACKSBURG,VA
  • Contact person: VICTORIA HELLER
  • Phone: (540) 951-6300

NATIONAL BANKSHARES, INC. RETIREMENT ACCUMULATION PLAN has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.

At the end of 2022, the total retirement plan assets of NATIONAL BANKSHARES, INC. RETIREMENT ACCUMULATION PLAN is $14,387,588.00.This plan was established in 1963.

At the end of 2022, the total number of retirement plan participants in NATIONAL BANKSHARES, INC. RETIREMENT ACCUMULATION PLAN is 229

In 2022, the average participant retirement account value for NATIONAL BANKSHARES, INC. RETIREMENT ACCUMULATION PLAN is $62,827.00

In 2022, the estimated average employee contribution amount per participant for NATIONAL BANKSHARES, INC. RETIREMENT ACCUMULATION PLAN is $2,572.00

In 2022, the estimated average employer match for an employee in NATIONAL BANKSHARES, INC. RETIREMENT ACCUMULATION PLAN is approximately $1,714.00

In 2022, NATIONAL BANKSHARES, INC. RETIREMENT ACCUMULATION PLAN allocates $392,562.00 to match its employees' contributions, providing an employer match rate of 65.35% of their contributions

In 2022, the total retirement plan asset growth rate of NATIONAL BANKSHARES, INC. RETIREMENT ACCUMULATION PLAN is -14.25%

In 2022, the estimated aggregate retirement account investment gain/loss for NATIONAL BANKSHARES, INC. RETIREMENT ACCUMULATION PLAN is -13.60%. This measures the effectiveness of the plan participants' investments in the year.

In 2022, the investment and administrative expense ratio of NATIONAL BANKSHARES, INC. RETIREMENT ACCUMULATION PLAN is 0.66%.

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