Plan Ledger DOL Form 5500 · updated monthly

Consolidated Edison Company of New York, Inc.401(k) + ESOP (KSOP)

THE CONSOLIDATED EDISON THRIFT SAVINGS PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.07%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Consolidated Edison Company of New York, Inc. reported $4,196,415 in plan administrative expenses for 2024: 0.07% of average plan assets, above the peer median. Employer contributions averaged $5,837 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio has held roughly steady near 0.070%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other utilities employers. By assets it is the 20th-largest of 5,648 plans among New York employers on file, and the 5th of 412 in utilities. In 2024, employees put in $2.46 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,347,792,464
Participants with balances20,761
Active participants15,022
Employer contributions$87,677,634
Employee contributions$215,431,908
Employer contribution per active participant$5,837
Average account balance$305,756
Benefits paid to participants$425,941,351
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.3B · 20,761 accts · $87.7M emplr
2023$5.6B · 19,958 accts · $76.5M emplr
2022$4.9B · 19,655 accts · $70.2M emplr
The Consolidated Edison Company of New York, Inc. 401(k) match · 2024
Employer contribution per active participant$5,837
Median for plans this size$5,259
2024$5,837 per active participant
2023$5,432 per active participant
2022$5,071 per active participant

Consolidated Edison Company of New York, Inc.'s 2024 employer contribution ran above the $5,259 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20245
VANGUARD GROUP INC. · Recordkeeping · Trustee (directed)$1,029,590
VANGUARD ADVISORS, INC. · Investment advisory (participants)$2,582,195
NEWPORT TRUST COMPANY · Named fiduciary$58,346
MORNINGSTAR · Consulting$32,463
CEM BENCHMARKING · Consulting$25,500

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Vanguard
2023Vanguard

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Administrative cost history3
2024$4,196,415 · 0.07%
2023$3,439,573 · 0.07%
2022$3,556,929 · 0.07%
All plans at this employer2
CONSOLIDATED EDISON COMPANY OF NEW YORK, INC. TAX REDUCTION ACT STOCK OWNERSHIP PLANESOP
THE CONSOLIDATED EDISON THRIFT SAVINGS PLAN401(k) + ESOP (KSOP)
Same employer
Similar plansUtilities · New York
Duke Energy Corporation NC$11.3B · 0.05%
Exelon Corporation IL$6.3B · 0.09%
Nextera Energy, Inc. FL$5.5B · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 135009340 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.