National Grid USA Service Company, Inc.
Updated Filing received by DOL
National Grid USA Service Company, Inc., an utilities employer in Brooklyn, New York, reported 11,759 participants in its health and welfare plans for plan year 2024. Its Form 5500 shows $345,712 in insurance premiums across 48 contracts and $1.7M in broker commissions and fees. The plan is a mix of insured and self-funded coverage. The Department of Labor received the filing on October 6, 2025, within the extension window.
Who was paid on National Grid USA Service Company, Inc.'s plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract National Grid USA Service Company, Inc. filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Mercer · Chicago, IL | $1,044,740 | $607,261 | $1,652,001 | 28 |
| Willis Towers Watson · New York, NY | $7 | $0 | $7 | 2 |
Source: DOL Form 5500 Schedule A, Part I (broker commissions and fees), plan year 2024, as published in EBSA's 2024 "Latest" dataset. Part I names whoever the carrier paid, which can be a firm or an individual agent; both are public record. Amounts exclude pay from carriers not tied to a listed contract.
Insurance contracts and carriers
The 24 largest of 48 contracts reported on Schedule A: carrier, what it covers, people covered at year end, earned premium, and broker compensation.
Source: DOL Form 5500 Schedule A, plan year 2024. Self-funded medical coverage has no premium; amounts shown for it are stop-loss or administrative contracts.
How National Grid USA Service Company, Inc. compares
Medians across employers for plan year 2024, the most recent complete year. Commission rates use fully insured medical contracts only; dollar medians use every employer that disclosed broker pay.
Not computable: no insured medical premium on the filing.
Premium per covered person on medical contracts: $2,811 a year (national median $7,274).
Source: BenefitsLedger benchmarks from 58,547 employer health plans with 100 or more participants, plan year 2024. Methodology.
Year over year
| 2023 | 2024 | Change | |
|---|---|---|---|
| Participants | 10,956 | 11,759 | +7.3% |
| Premiums filed | $959,879 | $345,712 | −64.0% |
| Broker commissions + fees | $1,582,265 | $1,652,008 | +4.4% |
| Commission rate | — | — | — |
Source: DOL Form 5500 filings for plan years 2023 and 2024.
Filings and timeliness
The 8 largest of 10 plans this employer filed under its EIN with a health benefit code. Large plans are due seven months after the plan year ends, or two and a half months later with an extension; amended filings carry the amendment date, so no timing is asserted for them.
| Plan | Plan year end | Received by DOL | Timing | Participants |
|---|---|---|---|---|
| Active Employees Healthcare#502 · insurance, general assets | December 31, 2024 | October 6, 2025 | within extension | 11,759 |
| Niagara Mohawk Medical, Prescription Drug, and Life Insurance Plan for Retired Former Represented Empl#521 · amended · insurance, general assets, trust | December 31, 2024 | February 12, 2026 | amended filing; original date not in data | 5,050 |
| Keyspan Benefit Plan for Active Union Employees#538 · insurance, general assets | December 31, 2024 | October 6, 2025 | within extension | 4,463 |
| National Grid Benefit Plan for Certain Retired Management Employees of New York Companies#544 · amended · insurance, trust | December 31, 2024 | February 12, 2026 | amended filing; original date not in data | 4,423 |
| Keyspan Benefit Plan for Retired East Union Employees#503 · amended · insurance, trust | December 31, 2024 | February 12, 2026 | amended filing; original date not in data | 1,853 |
| National Grid USA Companies' Retirees Health and Life Insurance Plan I#509 · amended · insurance, general assets, trust | December 31, 2024 | February 12, 2026 | amended filing; original date not in data | 1,628 |
| National Grid USA Companies' Retirees Health and Life Insurance Plan Ii#511 · amended · insurance, general assets, trust | December 31, 2024 | February 12, 2026 | amended filing; original date not in data | 1,332 |
| National Grid Benefit Plan for Certain Retired Management and Union Employees of Massachusetts Gas Companies#566 · amended · insurance, general assets, trust | December 31, 2024 | February 12, 2026 | amended filing; original date not in data | 1,321 |
Source: DOL Form 5500 Part I and signature dates; "late" means received after the extended deadline (the 15th day of the tenth month after plan year end). What a late Form 5500 costs.
How much did National Grid USA Service Company, Inc. pay in health insurance broker commissions in 2024?
National Grid USA Service Company, Inc.'s 2024 Form 5500 reports $1,652,008 in broker commissions and fees across 48 insurance contracts ($1,044,747 in commissions, $607,261 in fees), with Mercer receiving the largest share.
Is National Grid USA Service Company, Inc.'s health plan self-funded or fully insured?
The 2024 filing indicates the plan is a mix of insured and self-funded coverage. Medical coverage is written by Cigna, Hip Health Plan of New York, Oxford Health Plans (NY), Inc..
How does National Grid USA Service Company, Inc.'s broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for National Grid USA Service Company, Inc. because the filing does not report medical premium on Schedule A (usual for self-funded plans). In dollars, employers with 5,000+ participants that disclosed broker pay reported a median of $458,262.
Send the full findings to your inbox.
A specialist writes up every finding for National Grid USA Service Company, Inc. with the methodology and public-source citations, in a form you can forward to your CFO or counsel. Tick the box if you also want a 15-minute walkthrough call.
We don't sell your email. By submitting, you agree that BenefitsLedger and its benefits advisory partner, WellthCare, may email or call you about these findings. Opt out anytime by replying. See our privacy policy.
Record built October 24, 2026 from U.S. Department of Labor, EBSA Form 5500 datasets (2025, 2024, 2023 plan years, 'Latest' files). Filings can run 7 to 10 months behind the plan year; always confirm against current plan documents. BenefitsLedger is not affiliated with the U.S. Department of Labor. Open the DOL filing search.