401(k) · DOL Form 5500 · 2022
Avangrid Management Company, LLC 401(k) Plan
Data updated 2026-08-11
- $2.0B
- Total assets
- 3,640
- Participants
- 99th
- Percentile by assets
- $545,830
- Avg per participant
Official DOL plan name: Avangrid Union 401(k) Plan · Sponsored by Avangrid Management Company, LLC · Connecticut · Utilities
$2.0B in assets, 3,640 participants
Avangrid Management Company, LLC's Avangrid Union 401(k) Plan reported $2.0B in total assets and 3,640 participants in its 2022 DOL Form 5500 filing, ranking in the 99th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 99th percentile by assets (of 139,126 plans)
- #693 in Utilities (738 peers)
Coverage in Connecticut
Avangrid Union 401(k) Plan covers 3,640 participants in Connecticut, 5.1x the typical Connecticut plan (state average ~718 per filing). Assets: $2.0B.
- $2.0B
- total plan assets (2022 EOY)
- 3,640
- covered participants
- 99th
- percentile by assets (of 139,126 plans)
- $545,830
- avg assets per participant
The plan reported a net loss of $232M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs Connecticut filers
In Connecticut, the average filing covers about 718 participants across 1,906 plans. Avangrid Union 401(k) Plan reports 3,640 participants - 5.1x that state average ($2.0B EOY assets).
Connecticut filing particulars
| Total Assets (Beginning of Year) | $1.1B |
|---|---|
| Net Assets (End of Year) | $2.0B |
| Net Income | -$232M |
| Employer EIN | 455063049 |
| Plan Effective Date | 2021-08-02 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Avangrid Management Company, LLC)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 7,485 | $2.0B |
| 2023 | 1 | 7,497 | $2.3B |
| 2024 | 1 | 8,011 | $2.6B |
Nearby 401(k) Plans in Connecticut
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Avangrid Union 401(k) Plan vs. nearby 401(k) plans in Connecticut, assets vs. participants
- United Technologies Corporation Employee Savings Plan $48.9B · 55,762
- GE Retirement Savings Plan $24.8B · 57,522
- Citi Retirement Savings Plan $17.4B · 70,070
- The Hartford Investment and Savings Plan $5.6B · 17,724
- Xerox Corporation Savings Plan $3.6B · 11,876
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Avangrid Union 401(k) Plan by total assets, not by location.
- Western Digital Corporation 401(k) Plan (CA) $2.0B · 7,874
- General Atomics 401(k) Retirement Savings Plan (CA) $2.0B · 12,430
- AT&T Savings and Security Plan (TX) $2.0B · 30,467
- Seagate 401(k) Plan (CA) $2.0B · 4,483
Frequently Asked Questions
How did Avangrid Union 401(k) Plan assets move in 2022? ▼
How have Avangrid Management Company, LLC plan assets changed over time? ▼
Where does Avangrid Union 401(k) Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Avangrid Union 401(k) Plan? ▼
Next read for Avangrid Union 401(k) Plan
Filing takeaways
Ways to act on Avangrid Union 401(k) Plan's numbers.
- By total assets, Avangrid Union 401(k) Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Connecticut. Compare plans
- Avangrid Management Company, LLC's sponsor-wide assets have grown 29.1% since 2022 across 3 plan years on file. More Utilities plans