NATIONAL BANKSHARES, INC. RETIREMENT ACCUMULATION PLAN
Plan Contact
- Address: 101 HUBBARD STREET,BLACKSBURG,VA
- Contact person: CLAIRE POLLOCK
- Phone: (540) 951-6300
Plan General Information
NATIONAL BANKSHARES, INC. RETIREMENT ACCUMULATION PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of NATIONAL BANKSHARES, INC. RETIREMENT ACCUMULATION PLAN is $16,677,706.00.This plan was established in 1963.
NATIONAL BANKSHARES, INC. RETIREMENT ACCUMULATION PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in NATIONAL BANKSHARES, INC. RETIREMENT ACCUMULATION PLAN is 237
NATIONAL BANKSHARES, INC. RETIREMENT ACCUMULATION PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for NATIONAL BANKSHARES, INC. RETIREMENT ACCUMULATION PLAN is $70,370.00
NATIONAL BANKSHARES, INC. RETIREMENT ACCUMULATION PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for NATIONAL BANKSHARES, INC. RETIREMENT ACCUMULATION PLAN is $2,824.00.
NATIONAL BANKSHARES, INC. RETIREMENT ACCUMULATION PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in NATIONAL BANKSHARES, INC. RETIREMENT ACCUMULATION PLAN is approximately $1,880.00
Investing in this additonal $1,880.00 for 20 years would give you extra $120,373.00, assuming a 10% annual return.
Investing in this additonal $1,880.00 for 20 years would give you extra $120,373.00, assuming a 10% annual return.
NATIONAL BANKSHARES, INC. RETIREMENT ACCUMULATION PLAN Total Employer Contribution and Match Rate
In 2023, NATIONAL BANKSHARES, INC. RETIREMENT ACCUMULATION PLAN allocates $445,758.00 to match its employees' contributions, providing an employer match rate of 66.45% of their contributions
NATIONAL BANKSHARES, INC. RETIREMENT ACCUMULATION PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of NATIONAL BANKSHARES, INC. RETIREMENT ACCUMULATION PLAN is 15.92%.
NATIONAL BANKSHARES, INC. RETIREMENT ACCUMULATION PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for NATIONAL BANKSHARES, INC. RETIREMENT ACCUMULATION PLAN is 14.50%. This measures the effectiveness of the plan participants' investments in the year.
NATIONAL BANKSHARES, INC. RETIREMENT ACCUMULATION PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of NATIONAL BANKSHARES, INC. RETIREMENT ACCUMULATION PLAN is 0.58%.
Enrollment Features
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.
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