401(k) · DOL Form 5500 · 2022

Avangrid Management Company, LLC 401(k) Plan

Data updated 2026-08-25

$2.0B
Total assets Very large vs avg
3,640
Participants Above avg headcount
99th
Percentile by assets National rank
$545,830
Avg per participant High balance/head
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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.

  • #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.

#693
in Utilities (738 peers)
+85.3%
assets growth YoY
20×
vs typical plan assets (national mean)

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.

Avangrid Union 401(k) Plan's outsized position by total assets

Avangrid Union 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$1,986,821,695 Top 1% higher than 99% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Avangrid Union 401(k) Plan's large-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Avangrid Union 401(k) Plan lands in the large band (3,640 participants).

Form 5500 schedule snapshot

Filing strip 455063049 · Avangrid Management Company, LLC PY 2022 · 401(k)

Avangrid Union 401(k) Plan · $2.0B · 3,640 · 99th

  • PART $2.0B
  • TYPE 3,640
  • NET 99th
  • BOOK 401(k)
  • VS-ST near Western Digital Corporation 401(k) Plan
  • BOY ind #693

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Utilities retirement plans → · Plans in Connecticut →

Avangrid Union 401(k) Plan in the asset neighbourhood

Avangrid Union 401(k) Plan$2.0BWestern Digital Corporation 401(k) PlanWestern Digital Corporation …$2.0BGeneral Atomics 401(k) Retirement Savings PlanGeneral Atomics 401(k) Retir…$2.0BSeagate 401(k) Plan$2.0BAT&T Savings and Security PlanAT&T Savings and Security Pl…$2.0B
End-of-year total assets ($B) among Avangrid Union 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Connecticut filing particulars

Total Assets (Beginning of Year)$1.1B
Net Assets (End of Year)$2.0B
Net Income-$232M
Employer EIN455063049
Plan Effective Date2021-08-02
Filing StatusFILING RECEIVED

Sponsor Plan History (Avangrid Management Company, LLC)

Sponsor-wide plan assets over time

All Avangrid Management Company, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$2.6B 29.06599673505176% vs 2022
2024 filing year
$1.8B$2B$2.2B$2.4B$2.6B$2.8B 202220232024 $1.99B $2.56B ▲ +28.6%
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 Scatter plot of 6 data points. 020000400006000080000 -200204060 Total assets ($B) Participants Avangrid Union 401(k) Plan, Total assets ($B): 1.986821695 · Participants: 3640Avangrid Union 401(k) PlanUnited Technologies Corporation Employee Savings Plan, Total assets ($B): 48.916975 · Participants: 55762United Technologies Corporation Employee Savings PlanGE Retirement Savings Plan, Total assets ($B): 24.786830027 · Participants: 57522GE Retirement Savings PlanCiti Retirement Savings Plan, Total assets ($B): 17.438946034 · Participants: 70070Citi Retirement Savings PlanThe Hartford Investment and Savings Plan, Total assets ($B): 5.615003 · Participants: 17724The Hartford Investment and Savings PlanXerox Corporation Savings Plan, Total assets ($B): 3.641347 · Participants: 11876Xerox Corporation Savings Plan
Avangrid Union 401(k) Plan vs. nearby 401(k) plans in Connecticut, assets vs. participants
Compare Avangrid Union 401(k) Plan side-by-side with 3 peers →

Avangrid Union 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Connecticut, the nearest 401(k) by assets is Western Digital Corporation 401(k) Plan in CA ($2.0B); by covered participants it is Eco Material Technologies 401(k) Plan in UT (3,641 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($2.0B here).

Similar participant headcount

Nearest other-state filings by covered participants (3,640 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Avangrid Union 401(k) Plan assets move in 2022? ▼
Avangrid Union 401(k) Plan surged - up 85.3% during 2022, from $1.1B to $2.0B. Reported net income was -$232M.
How have Avangrid Management Company, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Avangrid Management Company, LLC's sponsor-wide assets grew 29.1%, from $2.0B to $2.6B.
Where does Avangrid Union 401(k) Plan rank by assets among Form 5500 filers? ▼
Avangrid Union 401(k) Plan ranks in the 99th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to Avangrid Union 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Western Digital Corporation 401(k) Plan in CA ($2.0B, 7,874 participants).
Which 401(k) plans cover a similar participant headcount to Avangrid Union 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Eco Material Technologies 401(k) Plan in UT (3,641 participants, $110M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 455063049.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.