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THE KEYSPAN RETIREMENT PLAN 401k Plan overview

Plan NameTHE KEYSPAN RETIREMENT PLAN
Plan identification number 004

THE KEYSPAN RETIREMENT PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Benefits are primarily flat dollar (includes dollars per year of service)
  • 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).
  • Code section 401(h) arrangement - Plan contains separate accounts under Code section 401(h) to provide employee health benefits.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

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 KEYSPAN RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0042022-01-01
0042021-01-01
0042020-01-01
0042019-01-01
0042018-01-01

Plan Statistics for THE KEYSPAN RETIREMENT PLAN

401k plan membership statisitcs for THE KEYSPAN RETIREMENT PLAN

Measure Date Value
2022: THE KEYSPAN RETIREMENT PLAN 2022 401k membership
Market value of plan assets2022-12-313,129,901,293
Acturial value of plan assets2022-12-312,955,152,528
Funding target for retired participants and beneficiaries receiving payment2022-12-311,289,480,179
Number of terminated vested participants2022-12-312,180
Fundng target for terminated vested participants2022-12-31116,137,354
Active participant vested funding target2022-12-31548,553,303
Number of active participants2022-12-312,403
Total funding liabilities for active participants2022-12-31618,102,423
Total participant count2022-12-319,311
Total funding target for all participants2022-12-312,023,719,956
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-31658,330,400
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 balance2022-12-31658,330,400
Present value of excess contributions2022-12-3119,039,765
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-3120,104,088
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-3120,104,088
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 year2022-12-31752,101,660
Total employer contributions2022-12-3120,894,778
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 date2022-12-3120,170,120
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 cost2022-12-3127,158,370
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 year2022-12-3120,170,120
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
Total participants, beginning-of-year2022-01-018,990
Total number of active participants reported on line 7a of the Form 55002022-01-012,744
Number of retired or separated participants receiving benefits2022-01-013,291
Number of other retired or separated participants entitled to future benefits2022-01-011,407
Total of all active and inactive participants2022-01-017,442
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-01513
Total participants2022-01-017,955
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-017
2021: THE KEYSPAN RETIREMENT PLAN 2021 401k membership
Market value of plan assets2021-12-312,901,206,427
Acturial value of plan assets2021-12-312,643,528,560
Funding target for retired participants and beneficiaries receiving payment2021-12-311,251,626,346
Number of terminated vested participants2021-12-311,645
Fundng target for terminated vested participants2021-12-31118,630,241
Active participant vested funding target2021-12-31533,352,875
Number of active participants2021-12-313,242
Total funding liabilities for active participants2021-12-31601,306,469
Total participant count2021-12-319,594
Total funding target for all participants2021-12-311,971,563,056
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-31583,773,658
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-310
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-31583,773,658
Present value of excess contributions2021-12-3112,043,293
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-3112,691,222
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-3112,691,222
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-3125,000,000
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-31658,330,400
Total employer contributions2021-12-3133,519,019
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 date2021-12-3132,478,220
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 cost2021-12-3127,073,559
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-3113,438,455
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-3113,438,455
Contributions allocatedtoward minimum required contributions for current year2021-12-3132,478,220
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
Total participants, beginning-of-year2021-01-019,220
Total number of active participants reported on line 7a of the Form 55002021-01-012,946
Number of retired or separated participants receiving benefits2021-01-013,650
Number of other retired or separated participants entitled to future benefits2021-01-011,435
Total of all active and inactive participants2021-01-018,031
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-01959
Total participants2021-01-018,990
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-0136
2020: THE KEYSPAN RETIREMENT PLAN 2020 401k membership
Market value of plan assets2020-12-312,581,845,122
Acturial value of plan assets2020-12-312,451,793,276
Funding target for retired participants and beneficiaries receiving payment2020-12-311,234,482,686
Number of terminated vested participants2020-12-311,726
Fundng target for terminated vested participants2020-12-31130,968,927
Active participant vested funding target2020-12-31555,118,929
Number of active participants2020-12-313,404
Total funding liabilities for active participants2020-12-31627,317,614
Total participant count2020-12-319,774
Total funding target for all participants2020-12-311,992,769,227
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-31469,776,502
Prefunding balanced used to offset prior years funding requirement2020-12-318,908,523
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-31460,867,979
Present value of excess contributions2020-12-3124,116,289
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-3126,814,705
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-3126,814,705
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 year2020-12-31583,773,658
Total employer contributions2020-12-3159,453,875
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 date2020-12-3157,698,185
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 cost2020-12-3130,389,416
Net shortfall amortization installment of oustanding balance2020-12-3175,734,238
Total funding amount beforereflecting carryover/prefunding balances2020-12-3145,654,892
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-3145,654,892
Contributions allocatedtoward minimum required contributions for current year2020-12-3157,698,185
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
Total participants, beginning-of-year2020-01-019,418
Total number of active participants reported on line 7a of the Form 55002020-01-013,100
Number of retired or separated participants receiving benefits2020-01-013,636
Number of other retired or separated participants entitled to future benefits2020-01-011,546
Total of all active and inactive participants2020-01-018,282
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-01938
Total participants2020-01-019,220
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-0131
2019: THE KEYSPAN RETIREMENT PLAN 2019 401k membership
Market value of plan assets2019-12-312,188,749,080
Acturial value of plan assets2019-12-312,287,225,573
Funding target for retired participants and beneficiaries receiving payment2019-12-311,213,300,059
Number of terminated vested participants2019-12-312,495
Fundng target for terminated vested participants2019-12-3191,618,023
Active participant vested funding target2019-12-31529,132,026
Number of active participants2019-12-312,865
Total funding liabilities for active participants2019-12-31599,635,028
Total participant count2019-12-319,900
Total funding target for all participants2019-12-311,904,553,110
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-31426,597,083
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-3112,619,298
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-31413,977,785
Present value of excess contributions2019-12-3172,035,462
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-3174,841,695
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-3174,841,695
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 year2019-12-31469,776,502
Total employer contributions2019-12-3158,200,750
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 date2019-12-3156,125,167
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 cost2019-12-3125,651,925
Net shortfall amortization installment of oustanding balance2019-12-3187,104,039
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-3140,917,401
Prefunding balance elected to use to offset funding requirement2019-12-318,908,523
Additional cash requirement2019-12-3132,008,878
Contributions allocatedtoward minimum required contributions for current year2019-12-3156,125,167
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
Total participants, beginning-of-year2019-01-019,543
Total number of active participants reported on line 7a of the Form 55002019-01-013,266
Number of retired or separated participants receiving benefits2019-01-013,585
Number of other retired or separated participants entitled to future benefits2019-01-011,613
Total of all active and inactive participants2019-01-018,464
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-01954
Total participants2019-01-019,418
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-0122
2018: THE KEYSPAN RETIREMENT PLAN 2018 401k membership
Market value of plan assets2018-12-312,303,984,817
Acturial value of plan assets2018-12-312,163,032,059
Funding target for retired participants and beneficiaries receiving payment2018-12-311,166,768,886
Number of terminated vested participants2018-12-312,457
Fundng target for terminated vested participants2018-12-3186,877,068
Active participant vested funding target2018-12-31478,183,185
Number of active participants2018-12-312,991
Total funding liabilities for active participants2018-12-31540,106,978
Total participant count2018-12-319,946
Total funding target for all participants2018-12-311,793,752,932
Balance at beginning of prior year after applicable adjustments2018-12-311,748,041
Prefunding balance at beginning of prior year after applicable adjustments2018-12-31401,416,977
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-311,748,041
Amount remaining of prefunding balance2018-12-31401,416,977
Present value of excess contributions2018-12-3125,946,046
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-3127,474,268
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-3127,474,268
Reductions in caryover balances due to elections or deemed elections2018-12-312,034,021
Reductions in prefunding balances due to elections or deemed elections2018-12-3167,965,979
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-31426,597,083
Total employer contributions2018-12-31100,445,250
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 date2018-12-3195,600,969
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 cost2018-12-3126,827,658
Net shortfall amortization installment of oustanding balance2018-12-3157,317,956
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-3136,184,805
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-3112,619,298
Additional cash requirement2018-12-3123,565,507
Contributions allocatedtoward minimum required contributions for current year2018-12-3195,600,969
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
Total participants, beginning-of-year2018-01-019,632
Total number of active participants reported on line 7a of the Form 55002018-01-013,403
Number of retired or separated participants receiving benefits2018-01-013,513
Number of other retired or separated participants entitled to future benefits2018-01-011,690
Total of all active and inactive participants2018-01-018,606
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-01937
Total participants2018-01-019,543
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-0118

Financial Data on THE KEYSPAN RETIREMENT PLAN

Measure Date Value
2022 : THE KEYSPAN RETIREMENT PLAN 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$1,508,874
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$1,140,687
Total income from all sources (including contributions)2022-12-31$-608,025,468
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$224,368,917
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$214,989,951
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$20,894,778
Value of total assets at end of year2022-12-31$2,300,957,771
Value of total assets at beginning of year2022-12-31$3,132,983,969
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$9,378,966
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
If this is an individual account plan, was there a blackout period2022-12-31No
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$91,783,708
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$2,448,292
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$0
Administrative expenses (other) incurred2022-12-31$9,378,966
Liabilities. Value of operating payables at end of year2022-12-31$1,508,874
Liabilities. Value of operating payables at beginning of year2022-12-31$1,140,687
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-832,394,385
Value of net assets at end of year (total assets less liabilities)2022-12-31$2,299,448,897
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$3,131,843,282
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$2,294,878,201
Value of interest in master investment trust accounts at beginning of year2022-12-31$3,130,287,079
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$20,894,778
Employer contributions (assets) at end of year2022-12-31$3,631,278
Employer contributions (assets) at beginning of year2022-12-31$2,696,890
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$123,206,243
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 KEYSPAN RETIREMENT PLAN 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$1,140,687
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$1,304,618
Total income from all sources (including contributions)2021-12-31$368,826,611
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$139,988,823
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$128,849,510
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$33,519,019
Value of total assets at end of year2021-12-31$3,132,983,969
Value of total assets at beginning of year2021-12-31$2,904,310,112
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$11,139,313
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
If this is an individual account plan, was there a blackout period2021-12-31No
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
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2021-12-31$7,907,632
Administrative expenses (other) incurred2021-12-31$11,139,313
Liabilities. Value of operating payables at end of year2021-12-31$1,140,687
Liabilities. Value of operating payables at beginning of year2021-12-31$1,304,618
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$228,837,788
Value of net assets at end of year (total assets less liabilities)2021-12-31$3,131,843,282
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$2,903,005,494
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$3,130,287,079
Value of interest in master investment trust accounts at beginning of year2021-12-31$2,895,792,743
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$33,519,019
Employer contributions (assets) at end of year2021-12-31$2,696,890
Employer contributions (assets) at beginning of year2021-12-31$8,517,369
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$120,941,878
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 KEYSPAN RETIREMENT PLAN 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$1,304,618
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$1,339,718
Total income from all sources (including contributions)2020-12-31$446,117,473
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$126,469,241
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$117,237,055
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$59,453,875
Value of total assets at end of year2020-12-31$2,904,310,112
Value of total assets at beginning of year2020-12-31$2,584,696,980
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$9,232,186
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
If this is an individual account plan, was there a blackout period2020-12-31No
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
Administrative expenses (other) incurred2020-12-31$9,232,186
Liabilities. Value of operating payables at end of year2020-12-31$1,304,618
Liabilities. Value of operating payables at beginning of year2020-12-31$1,339,718
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$319,648,232
Value of net assets at end of year (total assets less liabilities)2020-12-31$2,903,005,494
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$2,583,357,262
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$2,895,792,743
Value of interest in master investment trust accounts at beginning of year2020-12-31$2,584,696,980
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$59,453,875
Employer contributions (assets) at end of year2020-12-31$8,517,369
Employer contributions (assets) at beginning of year2020-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$117,237,055
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 KEYSPAN RETIREMENT PLAN 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$1,339,718
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$1,037,245
Total income from all sources (including contributions)2019-12-31$513,456,499
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$120,257,790
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$111,660,530
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$58,200,750
Value of total assets at end of year2019-12-31$2,584,696,980
Value of total assets at beginning of year2019-12-31$2,191,195,798
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$8,597,260
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
If this is an individual account plan, was there a blackout period2019-12-31No
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
Administrative expenses (other) incurred2019-12-31$8,597,260
Liabilities. Value of operating payables at end of year2019-12-31$1,339,718
Liabilities. Value of operating payables at beginning of year2019-12-31$1,037,245
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$393,198,709
Value of net assets at end of year (total assets less liabilities)2019-12-31$2,583,357,262
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$2,190,158,553
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$2,584,696,980
Value of interest in master investment trust accounts at beginning of year2019-12-31$2,157,714,048
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$58,200,750
Employer contributions (assets) at end of year2019-12-31$0
Employer contributions (assets) at beginning of year2019-12-31$33,481,750
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$111,660,530
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 KEYSPAN RETIREMENT PLAN 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$1,037,245
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$1,119,312
Total income from all sources (including contributions)2018-12-31$1,813,940
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$118,007,097
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$111,670,417
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$100,445,250
Value of total assets at end of year2018-12-31$2,191,195,798
Value of total assets at beginning of year2018-12-31$2,307,471,022
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$6,336,680
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
If this is an individual account plan, was there a blackout period2018-12-31No
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
Administrative expenses (other) incurred2018-12-31$6,336,680
Liabilities. Value of operating payables at end of year2018-12-31$1,037,245
Liabilities. Value of operating payables at beginning of year2018-12-31$1,119,312
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-116,193,157
Value of net assets at end of year (total assets less liabilities)2018-12-31$2,190,158,553
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$2,306,351,710
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$2,157,714,048
Value of interest in master investment trust accounts at beginning of year2018-12-31$2,252,237,772
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$100,445,250
Employer contributions (assets) at end of year2018-12-31$33,481,750
Employer contributions (assets) at beginning of year2018-12-31$55,233,250
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$111,670,417
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 KEYSPAN RETIREMENT PLAN

2022: THE KEYSPAN RETIREMENT PLAN 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 KEYSPAN RETIREMENT PLAN 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 KEYSPAN RETIREMENT PLAN 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 KEYSPAN RETIREMENT PLAN 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 KEYSPAN RETIREMENT PLAN 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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