Defined Benefit (Pension) · DOL Form 5500 · 2022
National Grid USA Service Company, Inc. Pension Plan
Data updated 2026-08-11
- $1.2B
- Total assets
- 3,535
- Participants
- 99th
- Percentile by assets
- $325,959
- Avg per participant
Official DOL plan name: Niagara Mohawk Pension Plan · Sponsored by National Grid USA Service Company, Inc. · New York · Utilities
$1.2B in assets, 3,535 participants
National Grid USA Service Company, Inc.'s Niagara Mohawk Pension Plan reported $1.2B in total assets and 3,535 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)
- #669 in Utilities (738 peers)
Coverage in New York
Niagara Mohawk Pension Plan covers 3,535 participants in New York, 4.4x the typical New York plan (state average ~798 per filing). Assets: $1.2B.
- $1.2B
- total plan assets (2022 EOY)
- 3,535
- covered participants
- 99th
- percentile by assets (of 139,126 plans)
- $325,959
- avg assets per participant
The plan reported a net loss of $960M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs New York filers
In New York, the average filing covers about 798 participants across 9,061 plans. Niagara Mohawk Pension Plan reports 3,535 participants - 4.4x that state average ($1.2B EOY assets).
New York filing particulars
| Total Assets (Beginning of Year) | $2.1B |
|---|---|
| Net Assets (End of Year) | $1.1B |
| Net Income | -$960M |
| Employer EIN | 041663150 |
| Plan Effective Date | 1955-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (National Grid USA Service Company, Inc.)
| 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.
Niagara Mohawk Pension Plan vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants
- IBM Personal Pension Plan $25.5B · 16,431
- Consolidated Edison Retirement Plan $15.8B · 11,303
- Pepsico Employees Retirement Plan I $7.7B · 11,386
- New York State Nurses Association Pension Plan $5.0B · 18,592
- New York District Council of Carpenters Pension Pl $4.8B · 11,318
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Niagara Mohawk Pension Plan by total assets, not by location.
- Retirement Plan for Employees of Southwest Gas Corporation (NV) $1.2B · 2,168
- Michigan Laborers' Pension Plan (MI) $1.1B · 9,442
- Northside Hospital, Inc. Pension Plan (GA) $1.2B · 17,850
- Cigna Pension Plan for Certain Former Employees (PA) $1.2B · 37
Frequently Asked Questions
How did Niagara Mohawk Pension Plan assets move in 2022? ▼
How have National Grid USA Service Company, Inc. plan assets changed over time? ▼
Where does Niagara Mohawk Pension Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Niagara Mohawk Pension Plan? ▼
Next read for Niagara Mohawk Pension Plan
Filing takeaways
Ways to act on Niagara Mohawk Pension Plan's numbers.
- By total assets, Niagara Mohawk Pension Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in New York. Compare plans
- National Grid USA Service Company, Inc.'s sponsor-wide assets have grown 5.0% since 2022 across 3 plan years on file. More Utilities plans