Defined Benefit (Pension) · DOL Form 5500 · 2022

National Grid USA Service Company, Inc. Pension Plan

Data updated 2026-08-25

$2.1B
Total assets Very large vs avg
2,513
Participants Above avg headcount
99th
Percentile by assets National rank
$825,931
Avg per participant High balance/head
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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.

  • #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.

#21,498
in Professional & Technical Services (21,562 peers)
-33.7%
assets change YoY
21×
vs typical plan assets (national mean)

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.

National Grid USA Companies Final Average Pay Pension Plan's outsized position by total assets

National Grid USA Companies Final Average Pay Pension Plan vs every filed plan by assets

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

$2,075,564,620 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

National Grid USA Companies Final Average Pay Pension 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. National Grid USA Companies Final Average Pay Pension Plan lands in the large band (2,513 participants).

Published 5500 schedule card

Filing strip 041663150 · National Grid USA Service Company, Inc. PY 2022 · Defined Benefit (Pension)

National Grid USA Companies Final Average Pay Pension Plan · $2.1B · 2,513 · 99th

  • PHOTO $2.1B
  • PHOTO 2,513
  • PHOTO 99th
  • PHOTO Defined Benefit (Pension)
  • PHOTO near Cargill, Inc. and Associated Companies Salaried Employees Pension Plan
  • PHOTO ind #21498

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 Professional & Technical Services retirement plans → · Plans in New York →

National Grid USA Companies Final Average Pay Pension Plan in the asset neighbourhood

The Hcsc Employees Pension PlanThe Hcsc Employees Pension P…$2.1BNational Grid USA Companies Final Average Pay Pension PlanNational Grid USA Companies …$2.1BMichelin Retirement Plan$2.1BCargill, Inc. and Associated Companies Salaried Employees Pension PlanCargill, Inc. and Associated…$2.1BWhirlpool Tammy Employees Pension PlanWhirlpool Tammy Employees Pe…$2.1B
End-of-year total assets ($B) among National Grid USA Companies Final Average Pay Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

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.)

Sponsor-wide plan assets over time

All National Grid USA Service Company, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$13.5B 5.030290688647641% vs 2022
2024 filing year
$12.6B$12.8B$13B$13.2B$13.4B$13.6B 202220232024 $12.8B $13.5B ▲ +5.0%
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 Scatter plot of 6 data points. 05000100001500020000 0102030 Total assets ($B) Participants National Grid USA Companies Final Average Pay Pension Plan, Total assets ($B): 2.07556462 · Participants: 2513National Grid USA Companies Final Average Pay Pension PlanIBM Personal Pension Plan, Total assets ($B): 25.511753238 · Participants: 16431IBM Personal Pension PlanConsolidated Edison Retirement Plan, Total assets ($B): 15.815266303 · Participants: 11303Consolidated Edison Retirement PlanPepsico Employees Retirement Plan I, Total assets ($B): 7.656963 · Participants: 11386Pepsico Employees Retirement Plan INew York State Nurses Association Pension Plan, Total assets ($B): 5.019503014 · Participants: 18592New York State Nurses Association Pension PlanNew York District Council of Carpenters Pension Pl, Total assets ($B): 4.837058087 · Participants: 11318New York District Council of Carpenters Pension Pl
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 Average Pay Pension Plan side-by-side with 3 peers →

National Grid USA Companies Final Average Pay Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside New York, the nearest Defined Benefit (Pension) by assets is Cargill, Inc. and Associated Companies Salaried Employees Pension Plan in MN ($2.1B); by covered participants it is Cuna Mutual Pension Plan for Non-Represented Employees in WI (2,514 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($2.1B here).

Similar participant headcount

Nearest other-state filings by covered participants (2,513 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 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).
Which Defined Benefit (Pension) plans cover a similar participant headcount to National Grid USA Companies Final Average Pay Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Cuna Mutual Pension Plan for Non-Represented Employees in WI (2,514 participants, $593M 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 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.