401(k) · DOL Form 5500 · 2023
Avangrid Management Company, LLC 401(k) Plan
Data updated 2026-08-11
- $2.3B
- Total assets
- 7,497
- Participants
- 99th
- Percentile by assets
- $305,926
- Avg per participant
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.
- 99th percentile by assets (of 127,072 plans)
- #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.
- $2.3B
- total plan assets (2023 EOY)
- 7,497
- covered participants
- 99th
- percentile by assets (of 127,072 plans)
- $305,926
- avg assets per participant
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.
Participants vs Connecticut filers
In Connecticut, the average filing covers about 718 participants across 1,906 plans. Avangrid 401(k) Plan reports 7,497 participants - 10x that state average ($2.3B EOY assets).
Connecticut filing particulars
| Total Assets (Beginning of Year) | $2.0B |
|---|---|
| Net Assets (End of Year) | $2.3B |
| Net Income | $307M |
| Employer EIN | 455063049 |
| Plan Effective Date | 2021-08-02 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Avangrid Management Company, LLC)
| 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
- Rtx Savings Plan $52.8B · 123,037
- Citi Retirement Savings Plan $20.7B · 77,865
- The Hartford Investment and Savings Plan $6.5B · 18,377
- Xerox Corporation Savings Plan $3.9B · 10,291
- Eversource 401(k) Plan $3.8B · 9,504
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 (401(k), $2.6B, 8,011 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Avangrid 401(k) Plan by total assets, not by location.
- Epic Systems Corporation 401(k) Plan (WI) $2.3B · 12,331
- Cna 401(k) Plan (IL) $2.3B · 5,268
- Hyatt Corporation Retirement Savings Plan (IL) $2.3B · 35,794
- Weyerhaeuser 401(k) Plan (WA) $2.3B · 7,743
Frequently Asked Questions
How did Avangrid 401(k) Plan assets move in 2023? ▼
How have Avangrid Management Company, LLC plan assets changed over time? ▼
Where does Avangrid 401(k) Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Avangrid 401(k) Plan? ▼
Next read for Avangrid 401(k) Plan
Filing takeaways
Ways to act on Avangrid 401(k) Plan's numbers.
- By total assets, Avangrid 401(k) Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Connecticut. Compare plans
- Avangrid Management Company, LLC's sponsor-wide assets have grown 29.1% since 2022 across 3 plan years on file. More Utilities plans