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  2. NATIONAL GRID USA SERVICE COMPANY, INC.
Sponsor portfolioTH

NATIONAL GRID USA SERVICE COMPANY, INC.

EIN 04-1663150-utilities-Latest filing 2025
Plans
19
Retirement
5
$13.48B assets
Welfare
14
$54.8M premiums
Participants
101,086
2 HANSON PLACE, 12TH FLOOR - BROOKLYN, NY 11217888-483-2123LinkedIn1-10 employeesutilities
Plans on this EIN
19 filings
#007ESOP-$6.44B - 24,480 part#004CashBalance-$2.20B - 6,948 part#003CashBalance-$2.06B - 6,047 part#008CashBalance-$1.61B - 4,950 part#001CashBalance-$1.17B - 4,923 part#538Mixed-$11.0M - 4,848 lives#504Mixed-$7.6M - 12,030 lives#521Mixed-$6.8M - 3,948 lives#544Fully Insured-$6.1M - 2,205 lives#539Mixed-$5.6M - 8,120 lives#503Mixed-$4.8M - 2,335 lives#509Mixed-$4.6M - 2,506 lives#543Mixed-$3.5M - 1,722 lives#502Mixed-$2.4M - 9,982 lives#566Fully Insured-$1.5M - 573 lives#511Fully Insured-$1.1M - 983 lives#501Self Funded-0 lives#510Self Funded-0 lives#546Self Funded-0 lives

Retirement portfolio analytics

5 plans aggregated / $13.48B assets / 47,348 participants

Assets by plan

Share of aggregate retirement assets

48%top
  • INCENTIVE THRIFT PLAN (#007)48%
  • KEYSPAN RETIREMENT PLAN (#004)16%
  • AVERAGE PAY PENSION (#003)15%
  • OF KEYSPAN CORPORATION (#008)12%
  • NIAGARA MOHAWK PENSION (#001)9%
Total $13.48BClick slice to drill in

Recordkeeper share

DC plan assets by Schedule C recordkeeper

Entrenched
52%top
  • (Not disclosed)52%
  • THE VANGUARD GROUP, INC.48%
Total $13.48BClick slice to drill in

Participants by plan

Active + retired + deferred vested

  • INCENTIVE THRIFT PLAN (#007)24,480
  • KEYSPAN RETIREMENT PLAN (#004)6,948
  • AVERAGE PAY PENSION (#003)6,047
  • OF KEYSPAN CORPORATION (#008)4,950
  • NIAGARA MOHAWK PENSION (#001)4,923
Total 47,348Click row to drill in

Benefits portfolio analytics

14 plans / $54.8M premiums / 49,252 covered lives

Coverage by line

Premium dollars by benefit type (bundled lines overlap)

  • Life$34.5M
  • Other$27.1M
  • Long-term disability$12.0M
  • Health$1.2M
  • Vision$1.0M
  • Dental$451K
Total $54.8M6 rows

Carrier market share

Premium dollars by Schedule A carrier

Multi-vendor
69%top
  • METROPOLITAN LIFE INSURANCE COMPANY69%
  • HARTFORD LIFE AND ACCIDENT22%
  • AETNA LIFE INSURANCE COMPANY4%
  • EYEMED VISION CARE2%
  • NEW YORK LIFE GROUP INSURANCE COMPANY OF NEW YORK1%
  • +3 more
Total $54.8M8 slices

Broker market share

Schedule A broker compensation

Split broker
100%top
  • MERCER HEALTH AND BENEFITS, LLC100%
  • WILLIS TOWERS WATSON US LLC0%
Total $1.8M2 slices

Plan deep-dives

Per-plan teasers. The full analytics (fees vs peers, audit grade, trajectory, counterparties) live on each plan detail page.
Retirement#007

NATIONAL GRID USA CO. INCENTIVE THRIFT PLAN

ESOP

Assets$6.44B
Participants24,480
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Retirement#004

THE KEYSPAN RETIREMENT PLAN

CashBalance

Assets$2.20B
Participants6,948
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Retirement#003

NATIONAL GRID USA COMPANIES FINAL AVERAGE PAY PENSION PLAN

CashBalance

Assets$2.06B
Participants6,047
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Retirement#008

THE RETIREMENT INCOME PLAN OF KEYSPAN CORPORATION

CashBalance

Assets$1.61B
Participants4,950
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Retirement#001

NIAGARA MOHAWK PENSION PLAN

CashBalance

Assets$1.17B
Participants4,923
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Welfare#538

KEYSPAN BENEFIT PLAN FOR ACTIVE UNION EMPLOYEES

Mixed - HARTFORD LIFE AND ACCIDENT

Premiums$11.0M
Covered lives4,848
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Welfare#504

GROUP INSURANCE

Mixed - METROPOLITAN LIFE INSURANCE COMPANY

Premiums$7.6M
Covered lives12,030
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Welfare#521

NIAGARA MOHAWK MEDICAL, PRESCRIPTION DRUG, AND LIFE INSURANCE PLAN FOR RETIRED FORMER REPRESENTED EMPL

Mixed - METROPOLITAN LIFE INSURANCE COMPANY

Premiums$6.8M
Covered lives3,948
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Welfare#544

NATIONAL GRID BENEFIT PLAN FOR CERTAIN RETIRED MANAGEMENT EMPLOYEES OF NEW YORK COMPANIES

Fully Insured - METROPOLITAN LIFE INSURANCE COMPANY

Premiums$6.1M
Covered lives2,205
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Welfare#539

KEYSPAN BENEFIT PLAN FOR ACTIVE MANAGEMENT EMPLOYEES

Mixed - HARTFORD LIFE AND ACCIDENT

Premiums$5.6M
Covered lives8,120
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Welfare#503

KEYSPAN BENEFIT PLAN FOR RETIRED EAST UNION EMPLOYEES

Mixed - METROPOLITAN LIFE INSURANCE COMPANY

Premiums$4.8M
Covered lives2,335
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Welfare#509

NATIONAL GRID USA COMPANIES' RETIREES HEALTH AND LIFE INSURANCE PLAN I

Mixed - METROPOLITAN LIFE INSURANCE COMPANY

Premiums$4.6M
Covered lives2,506
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Welfare#543

KEYSPAN BENEFIT PLAN FOR RETIRED WEST UNION EMPLOYEES

Mixed - METROPOLITAN LIFE INSURANCE COMPANY

Premiums$3.5M
Covered lives1,722
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Welfare#502

ACTIVE EMPLOYEES HEALTHCARE

Mixed - FIDELITY SECURITY LIFE INSURANCE COMPANY (EYEMED)

Premiums$2.4M
Covered lives9,982
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Welfare#566

NATIONAL GRID BENEFIT PLAN FOR CERTAIN RETIRED MANAGEMENT AND UNION EMPLOYEES OF MASSACHUSETTS GAS COMPANIES

Fully Insured - METROPOLITAN LIFE INSURANCE COMPANY

Premiums$1.5M
Covered lives573
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Welfare#511

NATIONAL GRID USA COMPANIES' RETIREES HEALTH AND LIFE INSURANCE PLAN II

Fully Insured - METROPOLITAN LIFE INSURANCE COMPANY

Premiums$1.1M
Covered lives983
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Welfare#501

DISABILITY RETIREMENT AND SEPARATION ALLOWANCE PLAN

Self Funded

Premiums$0
Covered lives0
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Welfare#510

KEYSPAN MANAGEMENT CHANGE OF CONTROL SEVERANCE PLAN

Self Funded

Premiums$0
Covered lives0
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Welfare#546

KEYSPAN UNION SEVERANCE PLAN

Self Funded

Premiums$0
Covered lives0
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive

Retirement plans5

Plan #NameTypeAssetsParticipantsLatest year
007NATIONAL GRID USA CO. INCENTIVE THRIFT PLANESOP$6.44B24,4802024
004THE KEYSPAN RETIREMENT PLANCashBalance$2.20B6,9482024
003NATIONAL GRID USA COMPANIES FINAL AVERAGE PAY PENSION PLANCashBalance$2.06B6,0472025
008THE RETIREMENT INCOME PLAN OF KEYSPAN CORPORATIONCashBalance$1.61B4,9502024
001NIAGARA MOHAWK PENSION PLANCashBalance$1.17B4,9232024

Welfare plans14

Plan #NameFundingCarrierPremiumsCoveredLatest year
538KEYSPAN BENEFIT PLAN FOR ACTIVE UNION EMPLOYEESMixedHARTFORD LIFE AND ACCIDENT$11.0M4,8482024
504GROUP INSURANCEMixedMETROPOLITAN LIFE INSURANCE COMPANY$7.6M12,0302024
521NIAGARA MOHAWK MEDICAL, PRESCRIPTION DRUG, AND LIFE INSURANCE PLAN FOR RETIRED FORMER REPRESENTED EMPLMixedMETROPOLITAN LIFE INSURANCE COMPANY$6.8M3,9482024
544NATIONAL GRID BENEFIT PLAN FOR CERTAIN RETIRED MANAGEMENT EMPLOYEES OF NEW YORK COMPANIESFully InsuredMETROPOLITAN LIFE INSURANCE COMPANY$6.1M2,2052024
539KEYSPAN BENEFIT PLAN FOR ACTIVE MANAGEMENT EMPLOYEESMixedHARTFORD LIFE AND ACCIDENT$5.6M8,1202024
503KEYSPAN BENEFIT PLAN FOR RETIRED EAST UNION EMPLOYEESMixedMETROPOLITAN LIFE INSURANCE COMPANY$4.8M2,3352024
509NATIONAL GRID USA COMPANIES' RETIREES HEALTH AND LIFE INSURANCE PLAN IMixedMETROPOLITAN LIFE INSURANCE COMPANY$4.6M2,5062024
543KEYSPAN BENEFIT PLAN FOR RETIRED WEST UNION EMPLOYEESMixedMETROPOLITAN LIFE INSURANCE COMPANY$3.5M1,7222024
502ACTIVE EMPLOYEES HEALTHCAREMixedFIDELITY SECURITY LIFE INSURANCE COMPANY (EYEMED)$2.4M9,9822024
566NATIONAL GRID BENEFIT PLAN FOR CERTAIN RETIRED MANAGEMENT AND UNION EMPLOYEES OF MASSACHUSETTS GAS COMPANIESFully InsuredMETROPOLITAN LIFE INSURANCE COMPANY$1.5M5732024
511NATIONAL GRID USA COMPANIES' RETIREES HEALTH AND LIFE INSURANCE PLAN IIFully InsuredMETROPOLITAN LIFE INSURANCE COMPANY$1.1M9832024
501DISABILITY RETIREMENT AND SEPARATION ALLOWANCE PLANSelf Funded-$002024
510KEYSPAN MANAGEMENT CHANGE OF CONTROL SEVERANCE PLANSelf Funded-$002024
546KEYSPAN UNION SEVERANCE PLANSelf Funded-$002024
Retirement plans
Welfare plans
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