Defined Benefit (Pension) · DOL Form 5500 · 2022

National Grid USA Service Company, Inc. Pension Plan

Data updated 2026-08-11

$2.1B
Total assets
2,513
Participants
99th
Percentile by assets
$825,931
Avg per participant
PlainRetire home → About this data

Official DOL plan name: National Grid USA Companies Final Average Pay Pension Plan · Sponsored by National Grid USA Service Company, Inc. · New York · Professional & Technical Services

$2.1B in assets, 2,513 participants

National Grid USA Service Company, Inc.'s National Grid USA Companies Final Average Pay Pension Plan reported $2.1B in total assets and 2,513 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)
  • #21,498 in Professional & Technical Services (21,562 peers)

Coverage in New York

National Grid USA Companies Final Average Pay Pension Plan covers 2,513 participants in New York, 3.2x the typical New York plan (state average ~798 per filing). Assets: $2.1B.

$2.1B
total plan assets (2022 EOY)
2,513
covered participants
99th
percentile by assets (of 139,126 plans)
$825,931
avg assets per participant

The plan reported a net loss of $423M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

State
New York
Industry
Professional & Technical Services

Participants vs New York filers

In New York, the average filing covers about 798 participants across 9,061 plans. National Grid USA Companies Final Average Pay Pension Plan reports 2,513 participants - 3.2x that state average ($2.1B EOY assets).

New York filing particulars

Total Assets (Beginning of Year)$3.1B
Net Assets (End of Year)$2.0B
Net Income-$423M
Employer EIN041663150
Plan Effective Date1943-12-30
Filing StatusFILING RECEIVED

Sponsor Plan History (National Grid USA Service Company, Inc.)

$12.6B$12.8B$13B$13.2B$13.4B$13.6B 202220232024 $12.8B $13.5B ▲ +5.0%
Total plan assets by year, all National Grid USA Service Company, Inc. plans on file
Year Plans Participants Total Assets
2022 7 30,556 $12.8B
2023 7 25,487 $13.0B
2024 7 26,129 $13.5B

Nearby Defined Benefit (Pension) Plans in New York

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

National Grid USA Companies Final Average Pay Pension Plan vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants

National Grid USA Companies Final Average Pay Pension Plan vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants Scatter plot of 6 data points. 05000100001500020000 0102030 Total assets ($B) Participants National Grid USA Co…IBM Personal Pension…Consolidated Edison …Pepsico Employees Re…New York State Nurse…New York District Co…
National Grid USA Companies Final Average Pay Pension Plan vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants
Compare National Grid USA Companies Final Averag… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to National Grid USA Companies Final Average Pay Pension Plan by total assets, not by location.

Frequently Asked Questions

How did National Grid USA Companies Final Average Pay Pension Plan assets move in 2022? ▼
National Grid USA Companies Final Average Pay Pension Plan contracted severely - down 33.7% during 2022, from $3.1B to $2.1B. Reported net income was -$423M.
How have National Grid USA Service Company, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), National Grid USA Service Company, Inc.'s sponsor-wide assets grew 5.0%, from $12.8B to $13.5B.
Where does National Grid USA Companies Final Average Pay Pension Plan rank by assets among Form 5500 filers? ▼
National Grid USA Companies Final Average Pay Pension 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 Defined Benefit (Pension) plans are similar in size to National Grid USA Companies Final Average Pay Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Cargill, Inc. and Associated Companies Salaried Employees Pension Plan in MN ($2.1B, 2,052 participants).

Next read for National Grid USA Companies Final Averag…

Filing takeaways

Ways to act on National Grid USA Companies Final Average Pay Pension Plan's numbers.

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 041663150.

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.