# National Grid Usa Service Company, INC. 401(k) Plan
Source: https://planprovider.pro/companies/national-grid-usa-service-company-inc-401k-plan

> National Grid Usa Service Company, INC.'s 401(k) plan: 17,603 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:** 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](https://planprovider.pro/provider/milliman) — NONE

- [DELOITTE & TOUCHE LLP](https://planprovider.pro/provider/deloitte-and-touche-llp) — NONE

- [CLIFTONLARSONALLEN LLP](https://planprovider.pro/provider/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|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/national-grid-usa-service-company-inc-401k-plan)

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