National Grid USA Service 401(k) match, vesting and fees
What National Grid USA Service's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Vanguard Group Inc. | Schedule C ↗ |
| Independent auditor | Deloitte & Touche LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 26 defined-contribution plans in utilities with 10,000 to 49,999 participants.
| National Grid USA Service: employer contribution per participant | $5,444 | |
| Peer median | $4,320 |
| National Grid USA Service: average balance | $269,865 | |
| Peer median | $255,382 |
| National Grid USA Service: admin expenses ÷ assets | 0.02% | |
| Peer median | 0.07% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $5.9B at the end of plan year 2023 to $6.4B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 24,480 | $6.4B | $130M | $5,444 | 0.02% | Not published | Form 5500 ↗ |
| 2023 | 24,129 | $5.9B | $116M | $4,927 | 0.02% | Not published | Form 5500 ↗ |
Other National Grid USA Service plans (6)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
The Keyspan Retirement Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Cliftonlarsonallen LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
National Grid USA Companies Final Average Pay Pension Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Cliftonlarsonallen LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
The Retirement Income Plan of Keyspan Corporation
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Cliftonlarsonallen LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Niagara Mohawk Pension Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Cliftonlarsonallen LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Special Program for Early Age Retirees
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Plan type and status | Retirement · Terminated (final filing) | Form 5500 ↗ |
Essex County Gas Company Employee Stock Ownership
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Plan type and status | Retirement · Terminated (final filing) | Form 5500 ↗ |
Common questions
Does National Grid USA Service match 401(k) contributions?
The match terms for the National Grid USA Co. Incentive Thrift Plan have not been published from its filing yet. The plan year 2024 filing reports $130M in employer contributions, about $5,444 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the National Grid USA Service 401(k) match vested?
The vesting schedule for the National Grid USA Co. Incentive Thrift Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the National Grid USA Service 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Vanguard Group Inc.. The plan administrator is Retirement Plans Committee of National Grid USA Service Company, Inc..
I left National Grid USA Service. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Retirement Plans Committee of National Grid USA Service Company, Inc., (888) 483-2123) or the recordkeeper, Vanguard Group Inc.. The National Grid USA Service old 401(k) page lists the contacts from every plan filing. Find an old National Grid USA Service 401(k)
Data from the public Form 5500 annual reports National Grid USA Service filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with National Grid USA Service. Not financial advice. Report a correction · Methodology