Defined Benefit (Pension) · DOL Form 5500 · 2023
National Grid USA Service Company, Inc. Pension Plan
Data updated 2026-08-25
- $2.0B
- Total assets Very large vs avg
- 1,784
- Participants Near avg headcount
- 99th
- Percentile by assets National rank
- $1.1M
- Avg per participant High balance/head
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
$2.0B in assets, 1,784 participants
National Grid USA Service Company, Inc.'s National Grid USA Companies Final Average Pay Pension Plan reported $2.0B in total assets and 1,784 participants in its 2023 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.
- #20,237 in Professional & Technical Services (20,321 peers)
Coverage in New York
National Grid USA Companies Final Average Pay Pension Plan covers 1,784 participants in New York, 2.2x the typical New York plan (state average ~798 per filing). Assets: $2.0B.
- #20,237
- in Professional & Technical Services (20,321 peers)
- -3.7%
- assets change YoY
- 20×
- vs typical plan assets (national mean)
The plan reported a net loss of $98M 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 2023 · DOL Form 5500
$1,999,142,745 Top 1% higher than 99% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
National Grid USA Companies Final Average Pay Pension Plan's large-plan peer group by participant headcount
Plan-year 2023 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 (1,784 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- National Grid USA Companies Final Average Pay Pension Plan reported net income rose from -$423M in the plan year 2022 filing to -$98M in the plan year 2023 filing.
- National Grid USA Companies Final Average Pay Pension Plan reported participants fell from 2,513 in the plan year 2022 filing to 1,784 in the plan year 2023 filing.
- National Grid USA Companies Final Average Pay Pension Plan end-of-year assets fell from $2.1B in the plan year 2022 filing to $2.0B in the plan year 2023 filing.
Published 5500 schedule card
Filing strip 041663150 · National Grid USA Service Company, Inc. PY 2023 · Defined Benefit (Pension)
National Grid USA Companies Final Average Pay Pension Plan · $2.0B · 1,784 · 99th
- BOY $2.0B
- BOY 1,784
- BOY 99th
- BOY Defined Benefit (Pension)
- BOY near Genuine Parts Company Pension Plan
- BOY ind #20237
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
New York filing particulars
| Total Assets (Beginning of Year) | $2.1B |
|---|---|
| Net Assets (End of Year) | $1.9B |
| Net Income | -$98M |
| Employer EIN | 041663150 |
| Plan Effective Date | 1943-12-30 |
| 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 Defined Benefit (Pension) Plans in New York
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- IBM Personal Pension Plan $25.0B · 14,881
- Consolidated Edison Retirement Plan $16.2B · 10,779
- 1199seiu Health Care Employees Pension Fund $16.2B · 107,582
- Pfizer Consolidated Pension Plan $11.0B · 9,616
- Pepsico Employees Retirement Plan I $7.6B · 12,289
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 Genuine Parts Company Pension Plan in GA ($2.0B); by covered participants it is Pension Plan of Justice Resource Institute, Inc. in MA (1,779 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($2.0B here).
- Genuine Parts Company Pension Plan (GA) $2.0B · 4,655
- John Hancock Pension Plan (MA) $2.0B · 5,302
- Pension Plan for Salaried Employees of Novartis Corporation (NJ) $2.0B · 2,123
- Macys Inc Cash Account Pension Plan (OH) $2.0B · 18,751
Similar participant headcount
Nearest other-state filings by covered participants (1,784 participants); asset peers above are excluded.
- Pension Plan of Justice Resource Institute, Inc. (MA) 1,779 · 5 off
- Union Carbide Employees' Pension Plan (MI) 1,775 · 9 off
- Iron Workers' Local No. 25 Pension Fund (MI) 1,794 · 10 off
- The Rite Aid Pension Plan (PA) 1,773 · 11 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.