Plan Snapshot
- Plan Sponsor: National Grid Usa Service Company, INC.
- Sponsor EIN: 041663150
- Sponsor Address: 2 HANSON PLACE, BROOKLYN, NY, 11217
- Plan Type: DB
- Plan Number: 003
- Total Participants: 1,541
- Total Assets: $2.1B
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 | 1,541 | $2.1B | $0 | $0 |
| 2023 | 1,668 | $2.0B | $0 | $0 |
| 2022 | 1,784 | $2.1B | $21.9M | $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 |
|---|---|---|---|---|
| AON CONSULTING INC. | Recordkeeper | $957,950 | — | $957,950 |
| WESTERN ASSET MANAGEMENT | Other Service Provider | $450,365 | — | $450,365 |
| PACIFIC INVESTMENT MANAGEMENT | Other Service Provider | $447,995 | — | $447,995 |
| J.P. MORGAN INVESTMENT | Recordkeeper | $344,252 | — | $344,252 |
| DODGE & COX | Other Service Provider | $263,182 | — | $263,182 |
| THE BANK OF NEW YORK MELLON | Other Service Provider | $256,516 | — | $256,516 |
| WALTER SCOTT | Other Service Provider | $225,818 | — | $225,818 |
| LEGAL & GENERAL INVESTMENT | Other Service Provider | $220,046 | — | $220,046 |
| GRANTHAM, MAYO, VAN OTTERLOO & CO | Other Service Provider | $173,345 | — | $173,345 |
| CLIFTONLARSONALLEN LLP | Auditor | $46,813 | — | $46,813 |
| BLACKROCK INSTITUTIONAL TRUST | Other Service Provider | $35,952 | — | $35,952 |
| STATE STREET BANK AND TRUST CO | Investment Advisor | $28,723 | — | $28,723 |
| NISA INVESTMENT ADVISORS | Other Service Provider | $15,369 | — | $15,369 |
| MASSACHUSETTS MUTUAL LIFE | Other Service Provider | $7,710 | — | $7,710 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- AON CONSULTING INC. — Recordkeeper
- J.P. MORGAN INVESTMENT — Recordkeeper
- CLIFTONLARSONALLEN LLP — Auditor
- 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: $3,474,036
- 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 | $6,015,920 | $2,431,627 | — | $46,813 | — |
| 2023 | $7,570,222 | $2,855,124 | — | $41,634 | — |
| 2022 | $7,653,637 | $3,651,748 | — | — | $247,547 |