Defined Benefit (Pension) · DOL Form 5500 · 2023

National Grid USA Service Company, Inc. Pension Plan

Data updated 2026-08-25

$2.3B
Total assets Very large vs avg
2,744
Participants Above avg headcount
99th
Percentile by assets National rank
$828,263
Avg per participant High balance/head
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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.

  • #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.

#677
in Utilities (721 peers)
-1.2%
assets change YoY
23×
vs typical plan assets (national mean)

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.

The Keyspan Retirement Plan's outsized position by total assets

The Keyspan Retirement Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$2,272,754,017 Top 1% higher than 99% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

The Keyspan Retirement 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. The Keyspan Retirement Plan lands in the large band (2,744 participants).

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.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 041663150 · National Grid USA Service Company, Inc. PY 2023 · Defined Benefit (Pension)

The Keyspan Retirement Plan · $2.3B · 2,744 · 99th

  • EOY $2.3B
  • EOY 2,744
  • EOY 99th
  • EOY Defined Benefit (Pension)
  • EOY near Retirement&security Program for Employees of Ntca and Its Members
  • EOY ind #677

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 →

The Keyspan Retirement Plan in the asset neighbourhood

Retirement&security Program for Employees of Ntca and Its MembersRetirement&security Program …$2.3BSouthern California Gas Company Pension PlanSouthern California Gas Comp…$2.3BThe Keyspan Retirement Plan$2.3BBell Helicopter Textron Master Retirement PlanBell Helicopter Textron Mast…$2.2BRetirement Accumulation Plan for Partners of PwcRetirement Accumulation Plan…$2.2B
End-of-year total assets ($B) among The Keyspan Retirement Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

New York filing particulars

Total Assets (Beginning of Year)$2.3B
Net Assets (End of Year)$2.3B
Net Income-$28M
Employer EIN041663150
Plan Effective Date1950-12-01
Filing StatusFILING 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
$12.6B$12.8B$13B$13.2B$13.4B$13.6B 202220232024 $12.8B $13.5B ▲ +5.0%
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 Scatter plot of 6 data points. -50000050000100000150000 051015202530 Total assets ($B) Participants The Keyspan Retirement Plan, Total assets ($B): 2.272754017 · Participants: 2744The Keyspan Retirement PlanIBM Personal Pension Plan, Total assets ($B): 24.955758896 · Participants: 14881IBM Personal Pension PlanConsolidated Edison Retirement Plan, Total assets ($B): 16.184377155 · Participants: 10779Consolidated Edison Retirement Plan1199seiu Health Care Employees Pension Fund, Total assets ($B): 16.16620463 · Participants: 1075821199seiu Health Care Employees Pension FundPfizer Consolidated Pension Plan, Total assets ($B): 10.955262618 · Participants: 9616Pfizer Consolidated Pension PlanPepsico Employees Retirement Plan I, Total assets ($B): 7.599669 · Participants: 12289Pepsico Employees Retirement Plan I
The Keyspan Retirement Plan vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants
Compare The Keyspan Retirement Plan side-by-side with 3 peers →

The Keyspan Retirement Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside New York, the nearest Defined Benefit (Pension) by assets is Retirement&security Program for Employees of Ntca and Its Members in VA ($2.3B); by covered participants it is Mclaren Employees' Pension Plan in MI (2,743 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (2,744 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did The Keyspan Retirement Plan assets move in 2023? ▼
The Keyspan Retirement Plan edged down modestly - down 1.2% during 2023, from $2.3B to $2.3B. Reported net income was -$28M.
How have National Grid USA Service Company, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), National Grid USA Service Company, Inc.'s sponsor-wide assets grew 5.0%, from $12.8B to $13.5B.
Where does The Keyspan Retirement Plan rank by assets among Form 5500 filers? ▼
The Keyspan Retirement Plan ranks in the 99th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which Defined Benefit (Pension) plans are similar in size to The Keyspan Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Retirement&security Program for Employees of Ntca and Its Members in VA ($2.3B, 10,052 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to The Keyspan Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Mclaren Employees' Pension Plan in MI (2,743 participants, $6M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 041663150.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.