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THE RETIREMENT INCOME PLAN OF KEYSPAN CORPORATION 401k Plan overview

Plan NameTHE RETIREMENT INCOME PLAN OF KEYSPAN CORPORATION
Plan identification number 008

THE RETIREMENT INCOME PLAN OF KEYSPAN CORPORATION Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).

401k Sponsoring company profile

NATIONAL GRID USA SERVICE COMPANY, INC. has sponsored the creation of one or more 401k plans.

Company Name:NATIONAL GRID USA SERVICE COMPANY, INC.
Employer identification number (EIN):041663150
NAIC Classification:221100

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE RETIREMENT INCOME PLAN OF KEYSPAN CORPORATION

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0082023-01-01
0082022-01-01
0082021-01-01
0082020-01-01
0082019-01-01
0082018-01-01

Plan Statistics for THE RETIREMENT INCOME PLAN OF KEYSPAN CORPORATION

401k plan membership statisitcs for THE RETIREMENT INCOME PLAN OF KEYSPAN CORPORATION

Measure Date Value
2023: THE RETIREMENT INCOME PLAN OF KEYSPAN CORPORATION 2023 401k membership
Total participants, beginning-of-year2023-01-017,114
Total number of active participants reported on line 7a of the Form 55002023-01-011,054
Number of retired or separated participants receiving benefits2023-01-011,966
Number of other retired or separated participants entitled to future benefits2023-01-011,721
Total of all active and inactive participants2023-01-014,741
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-01220
Total participants2023-01-014,961
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010
2022: THE RETIREMENT INCOME PLAN OF KEYSPAN CORPORATION 2022 401k membership
Market value of plan assets2022-12-312,860,231,307
Acturial value of plan assets2022-12-312,695,093,269
Funding target for retired participants and beneficiaries receiving payment2022-12-311,334,183,924
Number of terminated vested participants2022-12-312,093
Fundng target for terminated vested participants2022-12-31239,181,153
Active participant vested funding target2022-12-31342,908,550
Number of active participants2022-12-311,166
Total funding liabilities for active participants2022-12-31386,852,732
Total participant count2022-12-318,432
Total funding target for all participants2022-12-311,960,217,809
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-31418,063,146
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-310
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-31418,063,146
Present value of excess contributions2022-12-3132,529,622
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-3134,338,269
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-3134,338,269
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-31500,478,677
Total employer contributions2022-12-3123,064,067
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-3122,182,924
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-3122,808,866
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-310
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-3122,182,924
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
Total participants, beginning-of-year2022-01-018,215
Total number of active participants reported on line 7a of the Form 55002022-01-011,134
Number of retired or separated participants receiving benefits2022-01-013,446
Number of other retired or separated participants entitled to future benefits2022-01-011,840
Total of all active and inactive participants2022-01-016,420
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-01694
Total participants2022-01-017,114
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: THE RETIREMENT INCOME PLAN OF KEYSPAN CORPORATION 2021 401k membership
Market value of plan assets2021-12-312,651,384,629
Acturial value of plan assets2021-12-312,413,884,047
Funding target for retired participants and beneficiaries receiving payment2021-12-311,294,390,153
Number of terminated vested participants2021-12-312,149
Fundng target for terminated vested participants2021-12-31234,600,212
Active participant vested funding target2021-12-31352,305,365
Number of active participants2021-12-311,270
Total funding liabilities for active participants2021-12-31398,042,003
Total participant count2021-12-318,567
Total funding target for all participants2021-12-311,927,032,368
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-31379,363,111
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-3124,980,982
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-31354,382,129
Present value of excess contributions2021-12-319,562,457
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-3110,984,394
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-3110,984,394
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-31418,063,146
Total employer contributions2021-12-3133,746,828
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-3132,529,622
Liquidity shortfalls end of Q12021-12-310
Liquidity shortfalls end of Q22021-12-310
Liquidity shortfalls end of Q32021-12-310
Liquidity shortfalls end of Q42021-12-310
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-3123,400,837
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-310
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-3132,529,622
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
Total participants, beginning-of-year2021-01-018,380
Total number of active participants reported on line 7a of the Form 55002021-01-011,216
Number of retired or separated participants receiving benefits2021-01-013,897
Number of other retired or separated participants entitled to future benefits2021-01-011,926
Total of all active and inactive participants2021-01-017,039
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-011,176
Total participants2021-01-018,215
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-0114
2020: THE RETIREMENT INCOME PLAN OF KEYSPAN CORPORATION 2020 401k membership
Market value of plan assets2020-12-312,399,857,355
Acturial value of plan assets2020-12-312,280,908,048
Funding target for retired participants and beneficiaries receiving payment2020-12-311,294,932,800
Number of terminated vested participants2020-12-312,254
Fundng target for terminated vested participants2020-12-31228,933,786
Active participant vested funding target2020-12-31374,754,252
Number of active participants2020-12-311,376
Total funding liabilities for active participants2020-12-31426,116,520
Total participant count2020-12-318,757
Total funding target for all participants2020-12-311,949,983,106
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-31346,086,857
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-3135,643,906
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-31310,442,951
Present value of excess contributions2020-12-313,625,358
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-314,379,070
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-314,379,070
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-310
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-31379,363,111
Total employer contributions2020-12-3122,427,000
Total employee contributions2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-3121,590,338
Liquidity shortfalls end of Q12020-12-310
Liquidity shortfalls end of Q22020-12-310
Liquidity shortfalls end of Q32020-12-310
Liquidity shortfalls end of Q42020-12-310
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-3125,293,198
Net shortfall amortization installment of oustanding balance2020-12-3148,438,169
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-3137,008,863
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-3124,980,982
Additional cash requirement2020-12-3112,027,881
Contributions allocatedtoward minimum required contributions for current year2020-12-3121,590,338
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
Total participants, beginning-of-year2020-01-018,582
Total number of active participants reported on line 7a of the Form 55002020-01-011,307
Number of retired or separated participants receiving benefits2020-01-013,920
Number of other retired or separated participants entitled to future benefits2020-01-012,039
Total of all active and inactive participants2020-01-017,266
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-011,114
Total participants2020-01-018,380
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: THE RETIREMENT INCOME PLAN OF KEYSPAN CORPORATION 2019 401k membership
Market value of plan assets2019-12-312,093,065,522
Acturial value of plan assets2019-12-312,185,022,669
Funding target for retired participants and beneficiaries receiving payment2019-12-311,265,327,695
Number of terminated vested participants2019-12-312,375
Fundng target for terminated vested participants2019-12-31195,794,961
Active participant vested funding target2019-12-31404,794,759
Number of active participants2019-12-311,498
Total funding liabilities for active participants2019-12-31432,884,220
Total participant count2019-12-318,902
Total funding target for all participants2019-12-311,894,006,876
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-31298,698,203
Prefunding balanced used to offset prior years funding requirement2019-12-3117,020,570
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-31281,677,633
Present value of excess contributions2019-12-3174,660,539
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-3177,169,221
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-3177,169,221
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-310
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-31346,086,857
Total employer contributions2019-12-319,209,000
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-318,462,358
Liquidity shortfalls end of Q12019-12-310
Liquidity shortfalls end of Q22019-12-310
Liquidity shortfalls end of Q32019-12-310
Liquidity shortfalls end of Q42019-12-310
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-3129,202,702
Net shortfall amortization installment of oustanding balance2019-12-3155,071,064
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-3140,480,906
Prefunding balance elected to use to offset funding requirement2019-12-3135,643,906
Additional cash requirement2019-12-314,837,000
Contributions allocatedtoward minimum required contributions for current year2019-12-318,462,358
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
Total participants, beginning-of-year2019-01-018,762
Total number of active participants reported on line 7a of the Form 55002019-01-011,422
Number of retired or separated participants receiving benefits2019-01-013,918
Number of other retired or separated participants entitled to future benefits2019-01-012,119
Total of all active and inactive participants2019-01-017,459
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-011,123
Total participants2019-01-018,582
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-012
2018: THE RETIREMENT INCOME PLAN OF KEYSPAN CORPORATION 2018 401k membership
Market value of plan assets2018-12-312,201,567,913
Acturial value of plan assets2018-12-312,064,960,452
Funding target for retired participants and beneficiaries receiving payment2018-12-311,215,948,930
Number of terminated vested participants2018-12-312,344
Fundng target for terminated vested participants2018-12-31188,292,174
Active participant vested funding target2018-12-31398,360,075
Number of active participants2018-12-311,601
Total funding liabilities for active participants2018-12-31428,174,260
Total participant count2018-12-318,966
Total funding target for all participants2018-12-311,832,415,364
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-31291,014,911
Prefunding balanced used to offset prior years funding requirement2018-12-3119,058,418
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-31271,956,493
Present value of excess contributions2018-12-315,394,777
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-316,276,823
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-316,276,823
Reductions in prefunding balances due to elections or deemed elections2018-12-3124,000,000
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-31298,698,203
Total employer contributions2018-12-31102,290,750
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-3195,463,460
Liquidity shortfalls end of Q12018-12-310
Liquidity shortfalls end of Q22018-12-310
Liquidity shortfalls end of Q32018-12-310
Liquidity shortfalls end of Q42018-12-310
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-3126,135,554
Net shortfall amortization installment of oustanding balance2018-12-3166,153,115
Total funding amount beforereflecting carryover/prefunding balances2018-12-3137,823,491
Prefunding balance elected to use to offset funding requirement2018-12-3117,020,570
Additional cash requirement2018-12-3120,802,921
Contributions allocatedtoward minimum required contributions for current year2018-12-3195,463,460
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
Total participants, beginning-of-year2018-01-018,878
Total number of active participants reported on line 7a of the Form 55002018-01-011,540
Number of retired or separated participants receiving benefits2018-01-013,872
Number of other retired or separated participants entitled to future benefits2018-01-012,230
Total of all active and inactive participants2018-01-017,642
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-011,120
Total participants2018-01-018,762
Number of participants with account balances2018-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-013

Financial Data on THE RETIREMENT INCOME PLAN OF KEYSPAN CORPORATION

Measure Date Value
2023 : THE RETIREMENT INCOME PLAN OF KEYSPAN CORPORATION 2023 401k financial data
Total unrealized appreciation/depreciation of assets2023-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$906,158
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$1,372,702
Total income from all sources (including contributions)2023-12-31$144,225,660
Total loss/gain on sale of assets2023-12-31$0
Total of all expenses incurred2023-12-31$595,900,102
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$589,320,866
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$5,581,500
Value of total assets at end of year2023-12-31$1,648,293,527
Value of total assets at beginning of year2023-12-31$2,100,434,513
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$6,579,236
Total interest from all sources2023-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$25,000,000
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2023-12-31$470,698,000
Value of other receiveables (less allowance for doubtful accounts) at end of year2023-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2023-12-31$3,764,418
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2023-12-31$906,158
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2023-12-31$1,372,702
Administrative expenses (other) incurred2023-12-31$2,496,440
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$-451,674,442
Value of net assets at end of year (total assets less liabilities)2023-12-31$1,647,387,369
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$2,099,061,811
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Investment advisory and management fees2023-12-31$3,785,380
Value of interest in master investment trust accounts at end of year2023-12-31$1,648,293,527
Value of interest in master investment trust accounts at beginning of year2023-12-31$2,092,538,345
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31No
Was there a failure to transmit to the plan any participant contributions2023-12-31No
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Contributions received in cash from employer2023-12-31$5,581,500
Employer contributions (assets) at end of year2023-12-31$0
Employer contributions (assets) at beginning of year2023-12-31$4,131,750
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$118,622,866
Did the plan have assets held for investment2023-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31CLIFTONLARSONALLEN LLP
Accountancy firm EIN2023-12-31410746749
2022 : THE RETIREMENT INCOME PLAN OF KEYSPAN CORPORATION 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$1,372,702
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$1,032,728
Total income from all sources (including contributions)2022-12-31$-550,161,110
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$211,064,480
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$202,526,931
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$23,064,067
Value of total assets at end of year2022-12-31$2,100,434,513
Value of total assets at beginning of year2022-12-31$2,861,320,129
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$8,537,549
Total interest from all sources2022-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$25,000,000
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2022-12-31$81,020,582
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$3,764,418
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2022-12-31$1,372,702
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2022-12-31$1,032,728
Administrative expenses (other) incurred2022-12-31$8,537,549
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-761,225,590
Value of net assets at end of year (total assets less liabilities)2022-12-31$2,099,061,811
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$2,860,287,401
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in master investment trust accounts at end of year2022-12-31$2,092,538,345
Value of interest in master investment trust accounts at beginning of year2022-12-31$2,852,883,422
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$23,064,067
Employer contributions (assets) at end of year2022-12-31$4,131,750
Employer contributions (assets) at beginning of year2022-12-31$8,436,707
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$121,506,349
Did the plan have assets held for investment2022-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31CLIFTONLARSONALLEN LLP
Accountancy firm EIN2022-12-31410746749
2021 : THE RETIREMENT INCOME PLAN OF KEYSPAN CORPORATION 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$1,032,728
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$1,232,393
Total income from all sources (including contributions)2021-12-31$340,043,248
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$131,171,894
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$121,138,093
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$33,746,828
Value of total assets at end of year2021-12-31$2,861,320,129
Value of total assets at beginning of year2021-12-31$2,652,648,440
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$10,033,801
Total interest from all sources2021-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$25,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2021-12-31$1,032,728
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2021-12-31$1,232,393
Administrative expenses (other) incurred2021-12-31$10,033,801
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$208,871,354
Value of net assets at end of year (total assets less liabilities)2021-12-31$2,860,287,401
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$2,651,416,047
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in master investment trust accounts at end of year2021-12-31$2,852,883,422
Value of interest in master investment trust accounts at beginning of year2021-12-31$2,648,639,440
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$33,746,828
Employer contributions (assets) at end of year2021-12-31$8,436,707
Employer contributions (assets) at beginning of year2021-12-31$4,009,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$121,138,093
Did the plan have assets held for investment2021-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31CLIFTONLARSONALLEN LLP
Accountancy firm EIN2021-12-31410746749
2020 : THE RETIREMENT INCOME PLAN OF KEYSPAN CORPORATION 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$1,232,393
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$1,982,101
Total income from all sources (including contributions)2020-12-31$376,724,808
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$125,447,329
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$117,442,794
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$22,427,000
Value of total assets at end of year2020-12-31$2,652,648,440
Value of total assets at beginning of year2020-12-31$2,402,120,669
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$8,004,535
Total interest from all sources2020-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$25,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2020-12-31$1,232,393
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2020-12-31$1,982,101
Administrative expenses (other) incurred2020-12-31$8,004,535
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$251,277,479
Value of net assets at end of year (total assets less liabilities)2020-12-31$2,651,416,047
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$2,400,138,568
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in master investment trust accounts at end of year2020-12-31$2,648,639,440
Value of interest in master investment trust accounts at beginning of year2020-12-31$2,392,911,669
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$22,427,000
Employer contributions (assets) at end of year2020-12-31$4,009,000
Employer contributions (assets) at beginning of year2020-12-31$9,209,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$117,442,794
Did the plan have assets held for investment2020-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31CLIFTONLARSONALLEN LLP
Accountancy firm EIN2020-12-31410746749
2019 : THE RETIREMENT INCOME PLAN OF KEYSPAN CORPORATION 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$1,982,101
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$961,983
Total income from all sources (including contributions)2019-12-31$432,795,767
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$127,504,917
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$114,212,734
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$9,209,000
Value of total assets at end of year2019-12-31$2,402,120,669
Value of total assets at beginning of year2019-12-31$2,095,809,701
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$13,292,183
Total interest from all sources2019-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$25,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2019-12-31$1,982,101
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2019-12-31$961,983
Administrative expenses (other) incurred2019-12-31$13,292,183
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$305,290,850
Value of net assets at end of year (total assets less liabilities)2019-12-31$2,400,138,568
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$2,094,847,718
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in master investment trust accounts at end of year2019-12-31$2,392,911,669
Value of interest in master investment trust accounts at beginning of year2019-12-31$2,027,783,451
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$9,209,000
Employer contributions (assets) at end of year2019-12-31$9,209,000
Employer contributions (assets) at beginning of year2019-12-31$68,026,250
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$114,212,734
Did the plan have assets held for investment2019-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31CLIFTONLARSONALLEN LLP
Accountancy firm EIN2019-12-31410746749
2018 : THE RETIREMENT INCOME PLAN OF KEYSPAN CORPORATION 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$961,983
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$1,632,029
Total income from all sources (including contributions)2018-12-31$8,905,307
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$116,100,720
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$110,817,760
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$102,290,750
Value of total assets at end of year2018-12-31$2,095,809,701
Value of total assets at beginning of year2018-12-31$2,203,675,160
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$5,282,960
Total interest from all sources2018-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$25,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2018-12-31$961,983
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2018-12-31$1,632,029
Administrative expenses (other) incurred2018-12-31$5,282,960
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-107,195,413
Value of net assets at end of year (total assets less liabilities)2018-12-31$2,094,847,718
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$2,202,043,131
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in master investment trust accounts at end of year2018-12-31$2,027,783,451
Value of interest in master investment trust accounts at beginning of year2018-12-31$2,186,542,910
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$102,290,750
Employer contributions (assets) at end of year2018-12-31$68,026,250
Employer contributions (assets) at beginning of year2018-12-31$17,132,250
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$110,817,760
Did the plan have assets held for investment2018-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31CLIFTONLARSONALLEN LLP
Accountancy firm EIN2018-12-31410746749

Form 5500 Responses for THE RETIREMENT INCOME PLAN OF KEYSPAN CORPORATION

2023: THE RETIREMENT INCOME PLAN OF KEYSPAN CORPORATION 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planYes
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: THE RETIREMENT INCOME PLAN OF KEYSPAN CORPORATION 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: THE RETIREMENT INCOME PLAN OF KEYSPAN CORPORATION 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: THE RETIREMENT INCOME PLAN OF KEYSPAN CORPORATION 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: THE RETIREMENT INCOME PLAN OF KEYSPAN CORPORATION 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: THE RETIREMENT INCOME PLAN OF KEYSPAN CORPORATION 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes

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