401(k) · DOL Form 5500 · 2024

Avangrid Management Company, LLC 401(k) Plan

Data updated 2026-08-25

$2.6B
Total assets Very large vs avg
8,011
Participants Very large workforce
99th
Percentile by assets National rank
$320,099
Avg per participant High balance/head
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Official DOL plan name: Avangrid 401(k) Plan · Sponsored by Avangrid Management Company, LLC · Connecticut · Utilities

$2.6B in assets, 8,011 participants

Avangrid Management Company, LLC's Avangrid 401(k) Plan reported $2.6B in total assets and 8,011 participants in its 2024 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.

  • #690 in Utilities (732 peers)

Coverage in Connecticut

Avangrid 401(k) Plan covers 8,011 participants in Connecticut, 11x the typical Connecticut plan (state average ~718 per filing). Assets: $2.6B.

#690
in Utilities (732 peers)
+11.8%
assets growth YoY
26×
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 2024 · DOL Form 5500

$2,564,311,224 Top 1% higher than 99% of 123,620 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 2024

Avangrid 401(k) Plan's large-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Avangrid 401(k) Plan lands in the large band (8,011 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Avangrid 401(k) Plan end-of-year assets rose from $2.3B in the plan year 2023 filing to $2.6B in the plan year 2024 filing.
  • Avangrid 401(k) Plan reported net income fell from $307M in the plan year 2023 filing to $271M in the plan year 2024 filing.
  • Avangrid 401(k) Plan reported participants rose from 7,497 in the plan year 2023 filing to 8,011 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 455063049 · Avangrid Management Company, LLC PY 2024 · 401(k)

Avangrid 401(k) Plan · $2.6B · 8,011 · 99th

  • PHOTO $2.6B
  • IND 8,011
  • EOY 99th
  • 5500 401(k)
  • ASSETS near Building Service 32bj Supplemental Retirement Savings Plan
  • PCT ind #690

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

Lifepoint Health, Inc. Retirement PlanLifepoint Health, Inc. Retir…$2.6BAvangrid 401(k) Plan$2.6BBuilding Service 32bj Supplemental Retirement Savings PlanBuilding Service 32bj Supple…$2.6BSolventum Voluntary Investment PlanSolventum Voluntary Investme…$2.6BMars Veterinary Health 401(k) Savings PlanMars Veterinary Health 401(k…$2.6B
End-of-year total assets ($B) among Avangrid 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Connecticut filing particulars

Total Assets (Beginning of Year)$2.3B
Net Assets (End of Year)$2.6B
Net Income$271M
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 -20020406080 Total assets ($B) Participants Avangrid 401(k) Plan, Total assets ($B): 2.564311224 · Participants: 8011Avangrid 401(k) PlanRtx Savings Plan, Total assets ($B): 58.647425 · Participants: 124876Rtx Savings PlanCiti Retirement Savings Plan, Total assets ($B): 23.241033081 · Participants: 78741Citi Retirement Savings PlanThe Hartford Investment and Savings Plan, Total assets ($B): 7.183243 · Participants: 18614The Hartford Investment and Savings PlanEversource 401(k) Plan, Total assets ($B): 4.046347175 · Participants: 10041Eversource 401(k) PlanXerox Corporation Savings Plan, Total assets ($B): 3.976943 · Participants: 9876Xerox Corporation Savings 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 $2.6B in end-of-year assets across 8,011 participants (0.021% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.009% of 93,925,755 covered participants) - about $320,099 per participant (2.3x the national average assets-per-participant) . Net income for plan year 2024 was $271M.

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 Open filing
2024 · index core 8,011 $2.6B This page

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

Outside Connecticut, the nearest 401(k) by assets is Building Service 32bj Supplemental Retirement Savings Plan in NY ($2.6B); by covered participants it is Centerpoint Energy Savings Plan in TX (8,012 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($2.6B here).

Similar participant headcount

Nearest other-state filings by covered participants (8,011 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. 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 2024? ▼
Avangrid 401(k) Plan grew at a solid clip - up 11.8% during 2024, from $2.3B to $2.6B. Reported net income was $271M.
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 123,622 plans that reported assets for plan year 2024 (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 Building Service 32bj Supplemental Retirement Savings Plan in NY ($2.6B, 89,128 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 Centerpoint Energy Savings Plan in TX (8,012 participants, $2.6B in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.