# National Grid Usa Service Company, INC. DB Plan
Source: https://planprovider.pro/companies/national-grid-usa-service-company-inc-041663150-003

> National Grid Usa Service Company, INC.'s DB plan: 1,541 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/alight-solutions) — Recordkeeper

- [J.P. MORGAN INVESTMENT](https://planprovider.pro/provider/jp-morgan-asset-management) — Recordkeeper

- [CLIFTONLARSONALLEN LLP](https://planprovider.pro/provider/cliftonlarsonallen-llp) — Auditor

- [STATE STREET BANK AND TRUST CO](https://planprovider.pro/provider/russell-investments) — 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|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/national-grid-usa-service-company-inc-041663150-003)

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