Defined Benefit (Pension) · DOL Form 5500 · 2022
National Grid USA Service Company, Inc. Pension Plan
Data updated 2026-08-11
- $2.3B
- Total assets
- 2,946
- Participants
- 100th
- Percentile by assets
- $781,045
- Avg per participant
Official DOL plan name: The Keyspan Retirement Plan · Sponsored by National Grid USA Service Company, Inc. · New York · Utilities
$2.3B in assets, 2,946 participants
National Grid USA Service Company, Inc.'s The Keyspan Retirement Plan reported $2.3B in total assets and 2,946 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.
- 100th percentile by assets (of 139,126 plans)
- #697 in Utilities (738 peers)
Coverage in New York
The Keyspan Retirement Plan covers 2,946 participants in New York, 3.7x the typical New York plan (state average ~798 per filing). Assets: $2.3B.
- $2.3B
- total plan assets (2022 EOY)
- 2,946
- covered participants
- 100th
- percentile by assets (of 139,126 plans)
- $781,045
- avg assets per participant
The plan reported a net loss of $832M 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. The Keyspan Retirement Plan reports 2,946 participants - 3.7x that state average ($2.3B EOY assets).
New York filing particulars
| Total Assets (Beginning of Year) | $3.1B |
|---|---|
| Net Assets (End of Year) | $2.3B |
| Net Income | -$832M |
| Employer EIN | 041663150 |
| Plan Effective Date | 1950-12-01 |
| 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.
The Keyspan Retirement 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 The Keyspan Retirement Plan by total assets, not by location.
- Macys Inc Cash Account Pension Plan (OH) $2.3B · 20,642
- Paccar Inc Retirement Plan (WA) $2.3B · 8,688
- Pension Plan for Employees at Ornl (TN) $2.3B · 5,460
- Bayer Corporation Pension Plan (MO) $2.3B · 1,611
Frequently Asked Questions
How did The Keyspan Retirement Plan assets move in 2022? ▼
How have National Grid USA Service Company, Inc. plan assets changed over time? ▼
Where does The Keyspan Retirement Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to The Keyspan Retirement Plan? ▼
Next read for The Keyspan Retirement Plan
Filing takeaways
Ways to act on The Keyspan Retirement Plan's numbers.
- By total assets, The Keyspan Retirement 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