Defined Benefit (Pension) · DOL Form 5500 · 2024
National Grid USA Service Company, Inc. Pension Plan
Data updated 2026-08-06
- $1.6B
- Total assets
- 1,054
- Participants
- 99th
- Percentile by assets
- $1.5M
- Avg per participant
Official DOL plan name: The Retirement Income Plan of Keyspan Corporation · Sponsored by National Grid USA Service Company, Inc. · New York · Utilities
$1.6B in assets, 1,054 participants
National Grid USA Service Company, Inc.'s The Retirement Income Plan of Keyspan Corporation reported $1.6B in total assets and 1,054 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.
- 99th percentile by assets (of 116,472 plans)
- #649 in Utilities (707 peers)
Where The Retirement Income Plan of Keyspan Corporation sits by assets
The Retirement Income Plan of Keyspan Corporation sits among the largest 1% of all filed plans, $1.6B for 1,054 participants (~$1.5M/participant), down 2.2% in 2024.
- $1.6B
- total plan assets (2024 EOY)
- 1,054
- covered participants
- 99th
- percentile by assets (of 116,472 plans)
- $1.5M
- avg assets per participant
The plan reported a net loss of $35M 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 2023 → plan year 2024
- The Retirement Income Plan of Keyspan Corporation reported net income rose from -$452M in the plan year 2023 filing to -$35M in the plan year 2024 filing.
- The Retirement Income Plan of Keyspan Corporation reported participants fell from 1,134 in the plan year 2023 filing to 1,054 in the plan year 2024 filing.
- The Retirement Income Plan of Keyspan Corporation end-of-year assets fell from $1.6B in the plan year 2023 filing to $1.6B in the plan year 2024 filing.
The Retirement Income Plan of Keyspan Corporation vs the 2024 asset distribution
By assets, The Retirement Income Plan of Keyspan Corporation outranks 99% of the 116,472 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 16x the national average plan size of $100M (730 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $1.6B |
|---|---|
| Net Assets (End of Year) | $1.6B |
| Net Income | -$35M |
| Employer EIN | 041663150 |
| Plan Effective Date | 1937-01-01 |
| 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 Retirement Income Plan of Keyspan Corporation vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants
- IBM Personal Pension Plan $17.9B · 48,014
- 1199seiu Health Care Employees Pension Fund $16.9B · 111,833
- Consolidated Edison Retirement Plan $15.6B · 10,608
- Pfizer Consolidated Pension Plan $10.0B · 8,876
- GE Energy Pension Plan $8.9B · 5,829
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to The Retirement Income Plan of Keyspan Corporation by total assets, not by location.
- Western Pennsylvania Teamsters and Employers Pension Fund (PA) $1.6B · 3,456
- Boehringer Ingelheim USA Corporation & Its Affiliates Retirement Plan (CT) $1.6B · 8,346
- Basf Corporation Salaried Employees' Pension Plan (NJ) $1.6B · 2,805
- Sheet Metal Workers Pension Plan of Northern California (CA) $1.6B · 5,468
Frequently Asked Questions
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Ways to act on The Retirement Income Plan of Keyspan Corporation's numbers.
- By total assets, The Retirement Income Plan of Keyspan Corporation 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