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)
- Total Participants: 17,603
- Total Assets: $6.4B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 17,603 | $6.4B | $129.8M | $260.3M |
| 2023 | 17,179 | $5.9B | $116.2M | $242.8M |
| 2022 | 16,248 | $5.2B | $102.3M | $228.1M |
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 |
|---|---|---|---|---|
| VANGUARD GROUP INC. | NONE | $978,785 | — | $978,785 |
| NEW ENGLAND PENSION CONSULTANTS | NONE | $179,582 | — | $179,582 |
| DELOITTE & TOUCHE LLP | NONE | $70,040 | — | $70,040 |
| CLIFTONLARSONALLEN LLP | NONE | $7,087 | — | $7,087 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NEW ENGLAND PENSION CONSULTANTS — NONE
- DELOITTE & TOUCHE LLP — NONE
- CLIFTONLARSONALLEN LLP — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,235,494
- Estimated Expense Ratio: 0.019% 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 | $1,238,918 | $179,582 | $978,785 | $70,040 | — |
| 2023 | $1,236,607 | $175,605 | $981,195 | $68,000 | — |
| 2022 | $1,216,069 | $164,704 | $832,527 | — | $72,679 |