Consolidated Edison Company of New York, Inc. 401(k) Review & Grade
The Consolidated Edison Thrift Savings Plan
New York, NYUtilities14,557 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$6,023Employer $ per active participant
$14,799Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$6.3BNet plan assets, end of year
$305,756Average balance per account
Score breakdown
- Employer generosity40.8 / 5082th percentile for employer $ per participant
- Low cost14.7 / 2559th percentile for low admin cost vs. same-size plans
- Employee saving13.9 / 1593th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score72 / 100 · Grade B
This plan vs. peers
Peers: all industries, plans with 10,000+ active participants (fewer than 30 industry peers) (820 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 82th |
| Lower admin cost | 59th |
| Employee saving | 93th |
| Peers that auto-enroll | 50% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Consolidated Edison Company of New York put in about $6,023 per active participant, more than the typical peer ($2,229). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $87,677,634 |
| Participant (employee) contributions | $215,431,908 |
| Other contributions (incl. rollovers in) | $33,589,205 |
| Administrative expenses paid from the plan | $4,196,415 |
| Other admin expenses | $4,196,415 |
| Benefits paid out | $425,941,351 |
| Net assets, start / end of year | $5.6B / $6.3B |
| Active participants, start / end of year | 14,092 / 15,022 |
| Participants with account balances | 20,761 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cohnreznick LLP |
| Employer stock held by plan | $47,457,540 |
Largest service providers (Schedule C)
| Vanguard Advisors, Inc. | $2,582,195 reported compensation |
| Vanguard Group Inc. | $1,029,590 reported compensation |
| Newport Trust Company | $58,346 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250930082946NAL0011438529001, received 2025-09-30, EIN 13-5009340, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.