NATIONAL GRID USA CO. INCENTIVE THRIFT PLAN
Plan Contact
- Address: 2 HANSON PLACE,,BROOKLYN,NY
- Contact person: DAVID CAMPBELL
- Phone: (888) 483-2123
Plan General Information
NATIONAL GRID USA CO. INCENTIVE THRIFT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of NATIONAL GRID USA CO. INCENTIVE THRIFT PLAN is $5,897,404,195.00.This plan was established in 1984.
NATIONAL GRID USA CO. INCENTIVE THRIFT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in NATIONAL GRID USA CO. INCENTIVE THRIFT PLAN is 23449
NATIONAL GRID USA CO. INCENTIVE THRIFT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for NATIONAL GRID USA CO. INCENTIVE THRIFT PLAN is $251,499.00
NATIONAL GRID USA CO. INCENTIVE THRIFT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for NATIONAL GRID USA CO. INCENTIVE THRIFT PLAN is $13,461.00.
NATIONAL GRID USA CO. INCENTIVE THRIFT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in NATIONAL GRID USA CO. INCENTIVE THRIFT PLAN is approximately $4,955.00
Investing in this additonal $4,955.00 for 20 years would give you extra $317,179.00, assuming a 10% annual return.
Investing in this additonal $4,955.00 for 20 years would give you extra $317,179.00, assuming a 10% annual return.
NATIONAL GRID USA CO. INCENTIVE THRIFT PLAN Total Employer Contribution and Match Rate
In 2023, NATIONAL GRID USA CO. INCENTIVE THRIFT PLAN allocates $116,211,513.00 to match its employees' contributions, providing an employer match rate of 47.87% of their contributions
NATIONAL GRID USA CO. INCENTIVE THRIFT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of NATIONAL GRID USA CO. INCENTIVE THRIFT PLAN is 13.21%.
NATIONAL GRID USA CO. INCENTIVE THRIFT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for NATIONAL GRID USA CO. INCENTIVE THRIFT PLAN is 15.62%. This measures the effectiveness of the plan participants' investments in the year.
NATIONAL GRID USA CO. INCENTIVE THRIFT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of NATIONAL GRID USA CO. INCENTIVE THRIFT PLAN is 0.02%.
Enrollment Features
NATIONAL GRID USA CO. INCENTIVE THRIFT PLAN has the following features:Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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