401(k) · DOL Form 5500 · 2023

Avangrid Management Company, LLC 401(k) Plan

Data updated 2026-08-25

$2.3B
Total assets Very large vs avg
7,497
Participants Very large workforce
99th
Percentile by assets National rank
$305,926
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Avangrid 401(k) Plan · Sponsored by Avangrid Management Company, LLC · Connecticut · Utilities

$2.3B in assets, 7,497 participants

Avangrid Management Company, LLC's Avangrid 401(k) Plan reported $2.3B in total assets and 7,497 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.

  • #678 in Utilities (721 peers)

Coverage in Connecticut

Avangrid 401(k) Plan covers 7,497 participants in Connecticut, 10x the typical Connecticut plan (state average ~718 per filing). Assets: $2.3B.

#678
in Utilities (721 peers)
+15.4%
assets growth YoY
23×
vs typical plan assets (national mean)

Avangrid 401(k) Plan's outsized position by total assets

Avangrid 401(k) Plan vs every filed plan by assets

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

$2,293,525,915 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

Avangrid 401(k) 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. Avangrid 401(k) Plan lands in the large band (7,497 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Avangrid 401(k) Plan reported net income rose from -$232M in the plan year 2022 filing to $307M in the plan year 2023 filing.
  • Avangrid 401(k) Plan reported participants rose from 3,640 in the plan year 2022 filing to 7,497 in the plan year 2023 filing.
  • Avangrid 401(k) Plan end-of-year assets rose from $2.0B in the plan year 2022 filing to $2.3B in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 455063049 · Avangrid Management Company, LLC PY 2023 · 401(k)

Avangrid 401(k) Plan · $2.3B · 7,497 · 99th

  • RANK $2.3B
  • RANK 7,497
  • RANK 99th
  • RANK 401(k)
  • RANK near Epic Systems Corporation 401(k) Plan
  • RANK ind #678

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 Connecticut →

Avangrid 401(k) Plan in the asset neighbourhood

Hyatt Corporation Retirement Savings PlanHyatt Corporation Retirement…$2.3BAvangrid 401(k) Plan$2.3BEpic Systems Corporation 401(k) PlanEpic Systems Corporation 401…$2.3BCna 401(k) Plan$2.3BWeyerhaeuser 401(k) Plan$2.3B
End-of-year total assets ($B) among Avangrid 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Connecticut filing particulars

Total Assets (Beginning of Year)$2.0B
Net Assets (End of Year)$2.3B
Net Income$307M
Employer EIN455063049
Plan Effective Date2021-08-02
Filing StatusFILING RECEIVED

Sponsor Plan History (Avangrid Management Company, LLC)

Sponsor-wide plan assets over time

All Avangrid Management Company, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$2.6B 29.06599673505176% vs 2022
2024 filing year
$1.8B$2B$2.2B$2.4B$2.6B$2.8B 202220232024 $1.99B $2.56B ▲ +28.6%
Year Plans Participants Total Assets
2022 2 7,485 $2.0B
2023 1 7,497 $2.3B
2024 1 8,011 $2.6B

Nearby 401(k) Plans in Connecticut

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Avangrid 401(k) Plan vs. nearby 401(k) plans in Connecticut, assets vs. participants Scatter plot of 6 data points. 050000100000150000 -200204060 Total assets ($B) Participants Avangrid 401(k) Plan, Total assets ($B): 2.293525915 · Participants: 7497Avangrid 401(k) PlanRtx Savings Plan, Total assets ($B): 52.759784 · Participants: 123037Rtx Savings PlanCiti Retirement Savings Plan, Total assets ($B): 20.653030659 · Participants: 77865Citi Retirement Savings PlanThe Hartford Investment and Savings Plan, Total assets ($B): 6.478512 · Participants: 18377The Hartford Investment and Savings PlanXerox Corporation Savings Plan, Total assets ($B): 3.948866 · Participants: 10291Xerox Corporation Savings PlanEversource 401(k) Plan, Total assets ($B): 3.751712453 · Participants: 9504Eversource 401(k) Plan
Avangrid 401(k) Plan vs. nearby 401(k) plans in Connecticut, assets vs. participants
Compare Avangrid 401(k) Plan side-by-side with 3 peers →

Scale composition for Avangrid 401(k) Plan

Avangrid 401(k) Plan reports $2.3B in end-of-year assets across 7,497 participants (0.019% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.008% of 93,925,755 covered participants) - about $305,926 per participant (2.2x the national average assets-per-participant) . Net income for plan year 2023 was $307M.

This plan identity (EIN 455063049, plan #003) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $2.0B to $2.6B (+29.1%) while covered participants moved from 3,640 to 8,011 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 3,640 $2.0B Open filing
2023 7,497 $2.3B This page
2024 · index core 8,011 $2.6B Open filing

The same sponsor also keeps 1 other index-core plan on PlainRetire:

Avangrid 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Connecticut, the nearest 401(k) by assets is Epic Systems Corporation 401(k) Plan in WI ($2.3B); by covered participants it is Zimmer Biomet Holdings, Inc. Savings and Investment 401(k) Program in IN (7,493 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($2.3B here).

Similar participant headcount

Nearest other-state filings by covered participants (7,497 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 Avangrid 401(k) Plan assets move in 2023? ▼
Avangrid 401(k) Plan grew sharply - up 15.4% during 2023, from $2.0B to $2.3B. Reported net income was $307M.
How have Avangrid Management Company, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Avangrid Management Company, LLC's sponsor-wide assets grew 29.1%, from $2.0B to $2.6B.
Where does Avangrid 401(k) Plan rank by assets among Form 5500 filers? ▼
Avangrid 401(k) 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 401(k) plans are similar in size to Avangrid 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Epic Systems Corporation 401(k) Plan in WI ($2.3B, 12,331 participants).
Which 401(k) plans cover a similar participant headcount to Avangrid 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Zimmer Biomet Holdings, Inc. Savings and Investment 401(k) Program in IN (7,493 participants, $1.3B 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 455063049.

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.