National Grid
| Plan name | National Grid |
| Location | Brooklyn, N.Y. |
| Asset size ($MM) | >$1 billion |
| Participants | 17,500 |
| Industry | Utilities |
| Participation rate | 95% |
| Average deferral rate | 12% |
| # of funds offered | 10 |
| Investment review | Yes |
| True-up match | Yes |
| Match vesting period | 3 years |
| Eligibility | Within 3 months of employment |
| Default deferral rate | 8% |
| Default investment | Target-date Fund (all types) |
| Automatic escalation | Yes - but participation is voluntary and participants must opt in to auto escalation |
| Systematic withdrawals | Yes |
| Fee equalization | No, and we have no plans to research this in the short-term |
| Match Rate | 51%-99% of first 6% of salary |
| % receiving full match | Vast majority (75% or more) |
| Maximum employer contribution | 12% |
| Financial Education | |
Saving/Budgeting | Yes |
Investing strategies | Yes |
College saving | Yes |
Credit/Debt management | Yes |
Tax/Estate planning | Yes |
Retiree health costs/savings options​ | Yes |
| Recordkeeper | Vanguard |
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