Defined Benefit (Pension) · DOL Form 5500 · 2023
National Grid USA Service Company, Inc. Pension Plan
Data updated 2026-08-11
- $2.3B
- Total assets
- 2,744
- Participants
- 99th
- Percentile by assets
- $828,263
- 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, 2,744 participants
National Grid USA Service Company, Inc.'s The Keyspan Retirement Plan reported $2.3B in total assets and 2,744 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.
- 99th percentile by assets (of 127,072 plans)
- #677 in Utilities (721 peers)
Coverage in New York
The Keyspan Retirement Plan covers 2,744 participants in New York, 3.4x the typical New York plan (state average ~798 per filing). Assets: $2.3B.
- $2.3B
- total plan assets (2023 EOY)
- 2,744
- covered participants
- 99th
- percentile by assets (of 127,072 plans)
- $828,263
- avg assets per participant
The plan reported a net loss of $28M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- The Keyspan Retirement Plan reported net income rose from -$832M in the plan year 2022 filing to -$28M in the plan year 2023 filing.
- The Keyspan Retirement Plan reported participants fell from 2,946 in the plan year 2022 filing to 2,744 in the plan year 2023 filing.
- The Keyspan Retirement Plan end-of-year assets fell from $2.3B in the plan year 2022 filing to $2.3B in the plan year 2023 filing.
Participants vs New York filers
In New York, the average filing covers about 798 participants across 9,061 plans. The Keyspan Retirement Plan reports 2,744 participants - 3.4x that state average ($2.3B EOY assets).
New York filing particulars
| Total Assets (Beginning of Year) | $2.3B |
|---|---|
| Net Assets (End of Year) | $2.3B |
| Net Income | -$28M |
| 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 $25.0B · 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
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.
- Retirement&security Program for Employees of Ntca and Its Members (VA) $2.3B · 10,052
- Southern California Gas Company Pension Plan (CA) $2.3B · 8,002
- Bell Helicopter Textron Master Retirement Plan (RI) $2.2B · 2,800
- Retirement Accumulation Plan for Partners of Pwc (FL) $2.2B · 3,967
Frequently Asked Questions
How did The Keyspan Retirement Plan assets move in 2023? ▼
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