Plan Snapshot
- Plan Sponsor: Xcel Energy INC.
- Sponsor EIN: 410448030
- Sponsor Address: HUMAN RESOURCES BENEFITS ADMIN, MINNEAPOLIS, MN, 55401
- Plan Type: 401(k)
- Total Participants: 961
- Total Assets: $176.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 961 | $176.8M | $2.6M | $7.3M |
| 2023 | 993 | $159.2M | $2.4M | $6.7M |
| 2022 | 985 | $146.2M | $2.2M | $6.1M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| VANGUARD ADVISERS INC. | Recordkeeper | $179,961 | — | $179,961 |
| THE VANGUARD GROUP, INC. | Recordkeeper | $47,639 | — | $47,639 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- VANGUARD ADVISERS INC. — Recordkeeper
- THE VANGUARD GROUP, INC. — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $227,600
- Estimated Expense Ratio: 0.129% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $223,209 | $179,960 | — | — | — |
| 2023 | $202,034 | $155,746 | — | — | — |
| 2022 | $191,520 | — | — | — | — |