Employer · plans filed under one EIN
Xcel Energy Inc.
Minneapolis, MN · Utilities
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances.
Xcel Energy Inc., based in Minneapolis, Minnesota, sponsors 8 retirement plans with 100 or more participants: 4 defined contribution and 4 defined benefit. Together they reported 40,176 participant records and $7.24B in net assets.
The largest is Xcel Energy 401(k) Savings Plan, an ESOP with a 401(k) feature with 14,084 participants. A person can be counted in more than one plan, so the participant total is a count of records rather than of people.
Employer contributions across the plans were $178M and participant contributions $149M in the latest plan years; benefits paid were $694M. Schedule C compensation reported to service provider organisations totalled $12.8M.
Combined net assets moved from $4.20B in 2009 to $4.61B in 2025 (up 10%). Plan mergers and spin-offs show up here as steps in the series.
Plans
Trend by plan year
| Plan year | Plans | Participant records | Net assets | Employer contributions | Participant contributions |
|---|---|---|---|---|---|
| 2025 | 4 | 18,112 | $4.61B | $52.6M | $149M |
| 2024 | 8 | 40,326 | $6.68B | $175M | $140M |
| 2023 | 8 | 40,826 | $6.62B | $149M | $140M |
| 2022 | 8 | 39,949 | $6.26B | $95.6M | $130M |
| 2021 | 8 | 39,080 | $7.95B | $98.9M | $124M |
| 2020 | 8 | 39,271 | $7.63B | $131M | $120M |
| 2019 | 8 | 38,998 | $6.93B | $230M | $112M |
| 2018 | 8 | 38,716 | $5.90B | $188M | $108M |
| 2017 | 8 | 38,670 | $6.46B | $198M | $104M |
| 2016 | 6 | 25,352 | $4.04B | $65.9M | $102M |
| 2015 | 8 | 40,058 | $5.64B | $160M | $99.3M |
| 2014 | 8 | 39,967 | $5.85B | $124M | $94.0M |
| 2013 | 8 | 39,456 | $5.58B | $161M | $89.6M |
| 2012 | 8 | 40,118 | $5.29B | $230M | $97.7M |
| 2011 | 8 | 39,374 | $4.86B | $223M | $95.2M |
| 2010 | 8 | 40,136 | $4.62B | $196M | $92.1M |
| 2009 | 8 | 40,313 | $4.20B | $127M | $79.3M |
History of the plans listed above, in the years each filed the full Form 5500 with 100 or more participants. Plans that have since terminated are not included.
Service providers
| Organisation | Services reported | Plans | Compensation reported |
|---|---|---|---|
| Willis Towers Watson | Actuarial; Consulting (pension) | 4 | $2,391,324 |
| Vanguard Advisers Inc. | Investment advisory (participants) | 4 | $1,979,394 |
| Goldman Sachs Asset MGT LP | Investment management | 4 | $1,794,130 |
| BlackRock Financial Management | Investment management | 4 | $638,513 |
| Wellington Trust Company, N.A. | — | 4 | $590,543 |
| The Vanguard Group, Inc. | Recordkeeping and information management; Trustee (directed); Participant loan processing | 4 | $582,208 |
| MFS Heritage Trust Company | Investment management | 4 | $568,617 |
| Stepstone Capital Partners | Investment management | 4 | $558,813 |
| Townsend Great Lakes & Plains, LLC | — | 4 | $543,796 |
| Principal Trust Company | Investment management; Trustee (bank, trust company, or similar financial institution); Trustee (discretionary) | 4 | $503,644 |
| BlackRock Institutional TR Co., N.A | — | 4 | $415,368 |
| Jennison Associates LLC | Investment management | 4 | $399,866 |
| Nisa Investment Advisors LLC | Investment management | 3 | $366,572 |
| Prudential Trust Company | Investment management | 2 | $198,788 |
| JP Morgan Chase Bank, N.A. | Trustee (discretionary); Investment advisory (plan); Investment management | 2 | $179,066 |
Organisations paid $5,000 or more by any of these plans, from Schedule C. Individuals are not shown.
Questions and answers
How many retirement plans does Xcel Energy Inc. have?
8 plans with 100 or more participants filed Form 5500 under its employer identification number for the latest plan years: Xcel Energy 401(k) Savings Plan, Xcel Energy Pension Plan and Xcel Energy Pension Plan for Bargaining Employees, New Century Energies, Inc. Retirement Plan for Public Service Company of Colorado Bargaining Unit Ees and Former Non-Bargaining Unit Ees and New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employee and others. Smaller plans and plans filed under a subsidiary's number are not grouped here.
How much does Xcel Energy Inc. contribute to its plans?
$177,594,023 in employer contributions across these plans in their latest plan years, about $7,587 per active participant record. Form 5500 reports totals and not the match or accrual formula.
Who provides services to these plans?
Schedule C filings name Willis Towers Watson, Vanguard Advisers Inc., Goldman Sachs Asset MGT LP and BlackRock Financial Management and others. Only organisations paid $5,000 or more by a plan are listed on Schedule C.
Where does this come from?
Form 5500 annual reports filed with the Department of Labor's EFAST2 system, from the EBSA research files, with filings received through 24 Aug 2026. Figures are as filed and may be amended.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Plans are grouped by the sponsor's employer identification number exactly as filed; a company that files under several EINs appears as several employers. See the methodology and corrections.