Plan Snapshot
- Plan Sponsor: National Grid Usa Service Company, INC.
- Sponsor EIN: 041663150
- Sponsor Address: 2 HANSON PLACE, BROOKLYN, NY, 11217
- Plan Type: DB
- Total Participants: 3,627
- 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 | 3,627 | $1.2B | $0 | $0 |
| 2023 | 3,648 | $1.1B | $0 | $0 |
| 2022 | 3,577 | $1.2B | $0 | $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 | $650,584 | — | $650,584 |
| THE BANK OF NEW YORK MELLON | Other Service Provider | $563,328 | — | $563,328 |
| PACIFIC INVESTMENT MANAGEMENT | Other Service Provider | $344,576 | — | $344,576 |
| GOLDMAN SACHS ASSET MANAGEMENT | Investment Advisor | $308,174 | — | $308,174 |
| DODGE & COX | Other Service Provider | $262,405 | — | $262,405 |
| IR+M COLLECTIVE INVESTMENT | Other Service Provider | $239,119 | — | $239,119 |
| WESTERN ASSET MANAGEMENT | Other Service Provider | $121,435 | — | $121,435 |
| JP MORGAN ASSET INVESTMENT | Recordkeeper | $99,411 | — | $99,411 |
| CLIFTONLARSONALLEN LLP | Auditor | $46,045 | — | $46,045 |
| MONDRIAN INVESTMENT GROUP (US) | Other Service Provider | $44,068 | — | $44,068 |
| QDRO CONSULTANTS CO LLC | Other Service Provider | $26,538 | — | $26,538 |
| STATE STREET BANK AND TRUST CO | Investment Advisor | $22,802 | — | $22,802 |
| STATE STREET GLOBAL ADVISORS | Other Service Provider | $10,191 | — | $10,191 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- AON CONSULTING INC — Recordkeeper
- GOLDMAN SACHS ASSET MANAGEMENT — Investment Advisor
- JP MORGAN ASSET 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: $2,738,676
- Estimated Expense Ratio: 0.235% 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 | $5,710,254 | $1,499,162 | — | $46,045 | — |
| 2023 | $4,416,522 | $1,222,503 | — | $40,885 | — |
| 2022 | $5,980,033 | $2,511,841 | — | — | $177,400 |