Plan Snapshot
- Plan Sponsor: National Grid Usa Service Company, INC.
- Sponsor EIN: 041663150
- Sponsor Address: 2 HANSON PLACE, BROOKLYN, NY, 11217
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 0
- Total Assets: $4.1B
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 0 | $4.1B | $0 | $0 |
| 2023 | 0 | $4.1B | $0 | $0 |
| 2022 | 0 | $4.6B | $0 | $0 |
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 |
|---|---|---|---|---|
| THE BANK OF NEW YORK MELLON | Other Service Provider | $996,015 | — | $996,015 |
| PACIFIC INVESTMENT MANAGEMENT | Other Service Provider | $987,787 | — | $987,787 |
| WESTERN ASSET MANAGEMENT | Other Service Provider | $968,740 | — | $968,740 |
| AON CONSULTING INC. | Recordkeeper | $785,944 | — | $785,944 |
| JP MORGAN INVESTMENT | Recordkeeper | $720,218 | — | $720,218 |
| WALTER SCOTT | Other Service Provider | $717,966 | — | $717,966 |
| DODGE & COX | Other Service Provider | $576,980 | — | $576,980 |
| GRANTHAM, MAYO, VAN OTTERLOO | Other Service Provider | $514,495 | — | $514,495 |
| LEGAL & GENERAL INVESTMENT | Other Service Provider | $473,680 | — | $473,680 |
| BLACKROCK INSTITUTIONAL TRUST | Other Service Provider | $79,830 | — | $79,830 |
| STATE STREET BANK AND TRUST CO | Investment Advisor | $69,934 | — | $69,934 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- AON CONSULTING INC. — Recordkeeper
- JP MORGAN INVESTMENT — Recordkeeper
- STATE STREET BANK AND TRUST CO — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $6,891,589
- Estimated Expense Ratio: 0.168% of plan assets
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 | $11,844,860 | $5,462,397 | — | $2,470 | — |
| 2023 | $12,130,036 | $6,979,047 | — | $2,344 | — |
| 2022 | $14,181,180 | $7,956,222 | — | — | $2,238 |