Plan Snapshot
- Plan Sponsor: National Grid Usa Service Company, INC.
- Sponsor EIN: 041663150
- Sponsor Address: 2 HANSON PLACE, BROOKLYN, NY, 11217
- Plan Type: Health & Welfare
- Plan Number: 521
- Total Participants: 0
- Total Assets: $1.2B
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 | $1.2B | $48.0M | $10.3M |
| 2023 | 5,050 | $1.2B | $0 | $10.2M |
| 2022 | 0 | $1.1B | $0 | $9.1M |
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 |
|---|---|---|---|---|
| WESTERN ASSET MANAGEMENT | Other Service Provider | $284,388 | — | $284,388 |
| DODGE & COX | Other Service Provider | $253,752 | — | $253,752 |
| LEGAL & GENERAL INVESTMENT | Other Service Provider | $190,622 | — | $190,622 |
| GRANTHAM, MAYO, VAN OTTERLOO | Other Service Provider | $117,114 | — | $117,114 |
| AON CONSULTING INC. | Recordkeeper | $75,208 | — | $75,208 |
| INCOME RESEARCH & MANAGEMENT | Other Service Provider | $49,681 | — | $49,681 |
| THE BANK OF NEW YORK MELLON | Other Service Provider | $32,998 | — | $32,998 |
| CLIFTONLARSONALLEN LLP | Auditor | $11,865 | — | $11,865 |
| SSGA S&P 500 INDEX NON LENDING | Other Service Provider | $9,881 | — | $9,881 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- AON CONSULTING INC. — Recordkeeper
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,025,509
- Estimated Expense Ratio: 0.087% 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 | $1,636,971 | $909,875 | — | $11,865 | — |
| 2023 | $1,789,251 | $1,507,653 | — | $22,584 | — |
| 2022 | $1,695,939 | — | — | — | — |