Defined Benefit (Pension) · DOL Form 5500 · 2024

National Grid USA Service Company, Inc. Pension Plan

Data updated 2026-08-06

$2.2B
Total assets
2,580
Participants
99th
Percentile by assets
$854,405
Avg per participant
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Official DOL plan name: The Keyspan Retirement Plan · Sponsored by National Grid USA Service Company, Inc. · New York · Utilities

$2.2B in assets, 2,580 participants

National Grid USA Service Company, Inc.'s The Keyspan Retirement Plan reported $2.2B in total assets and 2,580 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)

Coverage in New York

The Keyspan Retirement Plan covers 2,580 participants in New York, 3.2x the typical New York plan (state average ~795 per filing). Assets: $2.2B.

$2.2B
total plan assets (2024 EOY)
2,580
covered participants
99th
percentile by assets (of 116,472 plans)
$854,405
avg assets per participant

The plan reported a net loss of $68M 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 Keyspan Retirement Plan reported net income fell from -$28M in the plan year 2023 filing to -$68M in the plan year 2024 filing.
  • The Keyspan Retirement Plan reported participants fell from 2,744 in the plan year 2023 filing to 2,580 in the plan year 2024 filing.
  • The Keyspan Retirement Plan end-of-year assets fell from $2.3B in the plan year 2023 filing to $2.2B in the plan year 2024 filing.

See the national 2023→2024 release diff →

State
New York
Industry
Utilities

Participants vs New York filers

In New York, the average filing covers about 795 participants across 8,491 plans. The Keyspan Retirement Plan reports 2,580 participants - 3.2x that state average ($2.2B EOY assets).

New York filing particulars

Total Assets (Beginning of Year)$2.3B
Net Assets (End of Year)$2.2B
Net Income-$68M
Employer EIN041663150
Plan Effective Date1950-12-01
Filing StatusFILING RECEIVED

Sponsor Plan History (National Grid USA Service Company, Inc.)

$12.6B$12.8B$13B$13.2B$13.4B$13.6B 202220232024 $12.8B $13.5B ▲ +5.0%
Total plan assets by year, all National Grid USA Service Company, Inc. plans on file
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

The Keyspan Retirement Plan vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 05101520 Total assets ($B) Participants The Keyspan Retireme…IBM Personal Pension…1199seiu Health Care…Consolidated Edison …Pfizer Consolidated …GE Energy Pension Plan
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 →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to The Keyspan Retirement Plan by total assets, not by location.

Frequently Asked Questions

How did The Keyspan Retirement Plan assets move in 2024? ▼
The Keyspan Retirement Plan edged down modestly - down 3.0% during 2024, from $2.3B to $2.2B. Reported net income was -$68M.
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 116,472 plans that reported assets for plan year 2024 (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 Marathon Petroleum Retirement Plan in OH ($2.2B, 17,916 participants).

Next read for The Keyspan Retirement Plan

Filing takeaways

Ways to act on The Keyspan Retirement Plan's numbers.

  • By total assets, The Keyspan Retirement Plan 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

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 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.