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Original filing (PDF)20251014151619NAL0003139585001
NATIONAL GRID USA SERVICE COMPANY, INC.
Form 5500
FILING_RECEIVED
NATIONAL GRID USA COMPANIES FINAL AVERAGE PAY PENSION PLAN
Defined-benefit pension plan
Signals · 3
93% in single holdingNo recordkeeper disclosed14 service providers
Active participants
1,541
Accounts w/ balance
—
Plan assets (EOY)
$2.1B
Net assets (EOY)
$1.9B
How this plan invests
This plan
10 pooled trusts
Schedule D
5 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
84
/ 100
Grade B
Above-average plan
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
75
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- Top holding "Investments per Trust Statement per Page 131" is 93% of plan.
- 17 bps in Schedule C fees — 237% above peer band of 5 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for NATIONAL GRID USA SERVICE COMPANY, INC..
Plan sponsor
Name
NATIONAL GRID USA SERVICE COMPANY, INC.
EIN
04-1663150
Address
2 HANSON PLACE · 12TH FLOOR · BROOKLYN, NY · 11217
Phone
(888) 483-2123
Industry
All Other Professional Services· Professional & Technical Servicessee all
Plan administrator
Name
RETIREMENT PLANS COMMITTEE OF NATIONAL GRID USA SERVICE COMPANY, INC.
EIN
04-1663150
City
BROOKLYN, NY
Phone
(929) 324-4729
Plan characteristics
Plan number
003
Plan year
2024
Plan year begin
2024-04-01
Tax period
2025-03-31
Filed
2025-10-14
Pension benefit codes
1A · Pay-related DB formula
1C · Cash balance or similar hybrid DB
1E · Section 401(h) arrangement
3H · Sponsor in controlled / affiliated group
Audit & trust (Schedule H)
Auditor
CLIFTONLARSONALLEN LLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
14 rowsOther
14| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| AON CONSULTING INC. | 22-2232264 | — | NONE | $958K | — |
| WESTERN ASSET MANAGEMENT | 95-2705767 | — | NONE | $450K | — |
| PACIFIC INVESTMENT MANAGEMENT | 33-0629048 | — | NONE | $448K | — |
| J.P. MORGAN INVESTMENT | 13-3200244 | — | NONE | $344K | — |
| DODGE & COX | 94-1441976 | — | NONE | $263K | — |
| THE BANK OF NEW YORK MELLON | 13-5160382 | — | NONE | $257K | — |
| WALTER SCOTT | 98-0465834 | — | NONE | $226K | — |
| LEGAL & GENERAL INVESTMENT | 20-8058531 | — | NONE | $220K | — |
| GRANTHAM, MAYO, VAN OTTERLOO & CO | 04-2691242 | — | NONE | $173K | — |
| CLIFTONLARSONALLEN LLP | 41-0746749 | — | NONE | $47K | — |
| BLACKROCK INSTITUTIONAL TRUST | 94-3112180 | — | NONE | $36K | — |
| STATE STREET BANK AND TRUST CO | 04-0025081 | — | NONE | $29K | — |
| NISA INVESTMENT ADVISORS | 48-1140940 | — | NONE | $15K | — |
| MASSACHUSETTS MUTUAL LIFE | 04-1590850 | — | NONE | $8K | — |
Investments
5 direct securities · 10 pooled funds· $2.3B(100% of reported assets)
Rows tagged as a trust or pooled fund hold many underlying securities. Click one to drill into its own Schedule of Assets — where the individual funds, shares, and CUSIPs live.
Uncategorized
$2.0B
5 holdings
Common Collective Trust
$274.1M
5 holdings
103-12 Investment Entity
$1.7M
5 holdings
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Investments per Trust Statement per Page 131 | — | — | — | $1.9B | 90.0% | |
| US STRIPS 20+ YEAR BOND INDEX BLACKROCK INSTITUTIONAL TRUST COMPANY, N.A. · EIN 27-3227381 / PN 001 | Common Collective Trust | — | — | $141.4M | 6.8% | |
| Derivative Included in Liabilities | — | — | — | $66.2M | 3.2% | |
| FFX Contracts Included in Receivables | — | — | — | $63.4M | 3.1% | |
| US TOTAL MARKET INDEX NL FUND STATE STREET GLOBAL ADVISORS TRUST COMPANY · EIN 90-0337987 / PN 235 | Common Collective Trust | — | — | $52.0M | 2.5% | |
| EB TEMPORARY INVESTMENT FD II BANK OF NEW YORK MELLON · EIN 25-6078093 / PN 023 | Common Collective Trust | — | — | $50.6M | 2.5% | |
| SSGA MSCI ACWI EX-US INDEX STATE STREET GLOBAL ADVISORS TRUST COMPANY · EIN 90-0337987 / PN 159 | Common Collective Trust | — | — | $30.1M | 1.5% | |
| Investment in Securities Lending Collateral | — | — | — | $16.0M | 0.8% | |
| HIPEP VII EMERGING MARKETS FEEDER HARBOURVEST PARTNERS, LLC · EIN 98-1163317 / PN 001 | 103-12 Investment Entity | — | — | $1.6M | <0.1% | |
| Additional Cash Equivalents Not Included in Trust Statement | — | — | — | $502K | <0.1% | |
| HARBOURVEST PARTNERS VIII CAYMAN HARBOURVEST PARTNERS VIII-CAYMAN MEZZANINE AND DISTRESSED DEBT FUND · EIN 98-0494212 / PN 001 | 103-12 Investment Entity | — | — | $68K | <0.1% | |
| SHORT TERM INVESTMENT FUNDS BLACKROCK INSTITUTIONAL TRUST COMPANY, N.A. · EIN 27-3227381 / PN 001 | Common Collective Trust | — | — | $1K | <0.1% | |
| ALL WEATHER PORTFOLIO FUND II BRIDGEWATER ASSOCIATES, LP · EIN 98-0633473 / PN 001 | 103-12 Investment Entity | — | — | $0 | <0.1% | |
| HARBOURVEST PARTNERS V PARTNERSHIP HARBOURVEST PARTNERS V PARTNERSHIP FUND · EIN 04-3325933 / PN 999 | 103-12 Investment Entity | — | — | $0 | <0.1% | |
| GMO MULTI-STRATEGY FUND GMO MULTI-STRATEGY FUND ONSHORE · EIN 01-0745810 / PN 001 | 103-12 Investment Entity | — | — | $0 | <0.1% |