401(k) · DOL Form 5500 · 2022
National Grid USA Service Company, Inc. 401(k) Plan
Data updated 2026-08-25
- $5.2B
- Total assets Very large vs avg
- 20,346
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $256,027
- Avg per participant Above avg balance/head
Official DOL plan name: National Grid USA Co. Incentive Thrift Plan · Sponsored by National Grid USA Service Company, Inc. · New York · Utilities
$5.2B in assets, 20,346 participants
National Grid USA Service Company, Inc.'s National Grid USA Co. Incentive Thrift Plan reported $5.2B in total assets and 20,346 participants in its 2022 DOL Form 5500 filing, ranking in the 100th 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.
- #725 in Utilities (738 peers)
Coverage in New York
National Grid USA Co. Incentive Thrift Plan covers 20,346 participants in New York, 26x the typical New York plan (state average ~798 per filing). Assets: $5.2B.
- #725
- in Utilities (738 peers)
- -17.4%
- assets change YoY
- 52×
- vs typical plan assets (national mean)
The plan reported a net loss of $1.1B for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
National Grid USA Co. Incentive Thrift Plan's outsized position by total assets
National Grid USA Co. Incentive Thrift Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$5,209,131,336 Highest reported value at or above every one of 139,123 filed plans
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 Co. Incentive Thrift Plan's mega-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 Co. Incentive Thrift Plan is a mega filing (20,346 participants), the rightmost band on the breakdown.
Form 5500 schedule snapshot
Filing strip 041663150 · National Grid USA Service Company, Inc. PY 2022 · 401(k)
National Grid USA Co. Incentive Thrift Plan · $5.2B · 20,346 · 100th
- SCH $5.2B
- SCH 20,346
- SCH 100th
- SCH 401(k)
- SCH near Elevator Constructors Annuity and 401(k) Retirement Plan
- SCH ind #725
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 New York →
National Grid USA Co. Incentive Thrift Plan in the asset neighbourhood
New York filing particulars
| Total Assets (Beginning of Year) | $6.3B |
|---|---|
| Net Assets (End of Year) | $5.2B |
| Net Income | -$1.1B |
| Employer EIN | 041663150 |
| Plan Effective Date | 1984-09-01 |
| Filing Status | FILING 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
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 7 | 30,556 | $12.8B |
| 2023 | 7 | 25,487 | $13.0B |
| 2024 | 7 | 26,129 | $13.5B |
Nearby 401(k) Plans in New York
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- IBM 401 (K) Plus Plan $53.4B · 56,376
- Morgan Stanley 401(k) Plan $16.4B · 42,924
- The Pepsico Savings Plan $12.1B · 129,846
- Deloitte 401(k) Plan $11.0B · 74,687
- The Goldman Sachs 401(k) Plan $9.7B · 22,650
Scale composition for National Grid USA Co. Incentive Thrift Plan
National Grid USA Co. Incentive Thrift Plan reports $5.2B in end-of-year assets across 20,346 participants (0.042% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.022% of 93,925,755 covered participants) - about $256,027 per participant (1.9x the national average assets-per-participant) . Net income for plan year 2022 was -$1.1B.
This plan identity (EIN 041663150, plan #007) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $5.2B to $6.4B (+23.5%) while covered participants moved from 20,346 to 17,179 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 20,346 | $5.2B | This page |
| 2023 | 16,248 | $5.9B | Open filing |
| 2024 · index core | 17,179 | $6.4B | Open filing |
The same sponsor also keeps 4 other index-core plans on PlainRetire:
- National Grid USA Co. Incentive Thrift Plan (401(k), $6.4B, 17,179 participants)
- The Keyspan Retirement Plan (Defined Benefit (Pension), $2.2B, 2,580 participants)
- National Grid USA Companies Final Average Pay Pension Plan (Defined Benefit (Pension), $2.1B, 1,668 participants)
- The Retirement Income Plan of Keyspan Corporation (Defined Benefit (Pension), $1.6B, 1,054 participants)
National Grid USA Co. Incentive Thrift Plan's out-of-state 401(k) peers by assets and headcount
Outside New York, the nearest 401(k) by assets is Elevator Constructors Annuity and 401(k) Retirement Plan in PA ($5.2B); by covered participants it is The Sci 401(k) Retirement Savings Plan in TX (20,392 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($5.2B here).
- Elevator Constructors Annuity and 401(k) Retirement Plan (PA) $5.2B · 32,089
- Trinet 401(k) Plan (FL) $5.2B · 242,181
- 401(k) Savings and Profit Sharing Plan for Employees of Nike, Inc. (OR) $5.2B · 36,913
- Philips North America 401(k) Plan (MA) $5.2B · 19,750
Similar participant headcount
Nearest other-state filings by covered participants (20,346 participants); asset peers above are excluded.
- The Sci 401(k) Retirement Savings Plan (TX) 20,392 · 46 off
- Team Public Choices 401(k) Plan (CA) 20,393 · 47 off
- Acadia Healthcare Company, Inc. 401(k) Plan (TN) 20,282 · 64 off
- Penn Entertainment, Inc. 401(k) Plan (PA) 20,417 · 71 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.